Swing Line Advance definition

Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Lender pursuant to Section 2.02(b).

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Swing Line Advance has the meaning ascribed to it in Section 1.1(c)(i).

Swing Line Advance means an advance by the Swing Line Lender to the Borrower as part of a Swing Line Borrowing.

Examples of Swing Line Advance in a sentence

In the event that on any Business Day Swing Line Lender desires that all or any portion of the outstanding Swing Line Advances should be reduced, in whole or in part, Swing Line Lender shall notify Agent to that effect and indicate the portion of the Swing Line Advance to be so reduced.
Each Swing Line Advance shall be a Base Rate Loan, and shall be advanced by Swing Line Lender in the same manner as Revolving Credit Advances are advanced hereunder, in accordance with the provisions of Section 2.1, provided, that no Swing Line Advances shall be made at any time that an Event of Default under Sections 9.1(a), (h) or (i) has occurred and is continuing.
Swing Line Lender hereby agrees that it shall notify Agent to reduce the Swing Line Advance to zero at least once every week.
Any payment made by a Lender pursuant to this paragraph to reimburse L/C Issuer for any payment under a Letter of Credit shall not constitute an Advance and shall not relieve Borrower of its obligation to reimburse such Letter of Credit payment, unless Borrower has financed such payment with a Base Rate Loan or Swing Line Advance in accordance with the terms of this Agreement.

More Definitions of Swing Line Advance

Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(b) or (b) any Lender pursuant to Section 2.02(b).

Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Revolving Credit Lender pursuant to Section 2.02(b).

Swing Line Advance means a borrowing requested by Borrower and made by Swing Line Lender pursuant to Section 2.9.

Swing Line Advance means a borrowing requested by Borrowers and made by Swing Line Lender pursuant to Section 2.5 hereof and may include, subject to the terms hereof, Quoted Rate-Advances and Prime-based Advances.

Swing Line Advance means an Advance made by Swing Line Bank to Company pursuant to Section 2.5 hereof.

Swing Line Advance means a Swing Line A Advance or a Swing Line B-1 Advance.

Swing Line Advance means a Tranche A Swing Line Advance or a Tranche B Swing Line Advance, as applicable.