Swing Line Borrowing Due Date definition

Swing Line Borrowing Due Date for each Swing Line Borrowing means the fifth (5th) Business Day, or such earlier Business Day as JPMorgan in its sole discretion shall elect, following the Business Day when JPMorgan funds such Borrowing under the Swing Line; provided that JPMorgan agrees not to exercise such discretion to choose a due date in a manner that would materially affect the Companies’ ability to borrow under this Agreement unless a Default has occurred that has not been cured by the Companies or declared in writing by the Agent to have been waived or any Event of Default has occurred that the Agent has not declared in writing to have been cured or waived.
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Swing Line Borrowing Due Date for each Swing Line Borrowing means the fifth (5th) Business Day, or such other Business Day, whether before or after such fifth (5th) Business Day, as Texas Commerce in its sole discretion shall elect, following the Business Day when Texas Commerce funds such Borrowing under the Swing Line; provided that Texas Commerce agrees not to exercise such discretion to choose a due date in a manner that would materially affect the Company's ability to borrow under this Agreement unless a Default has occurred that has not been cured by the Company or declared in writing by the Agent to have been waived or any Event of Default has occurred that the Agent has not declared in writing to have been cured or waived.
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Swing Line Borrowing Due Date is defined in Section 3.6(e).
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Examples of Swing Line Borrowing Due Date in a sentence

  • Each Swing Line Advance shall be repaid on its Swing Line Borrowing Due Date by the Agent’s paying over to JPMorgan out of the Note Payment Account, and JPMorgan’s applying against such outstanding Swing Line Borrowing, an amount equal to the proceeds of the Funding Shares funded by all of the other Lenders on that day against the same Request for Borrowing that was initially funded by such Swing Line Advance.

  • Each Swing Line Advance shall be repaid on its Swing Line Borrowing Due Date by the Agent’s paying over to JPMorgan out of the relevant Note Payment Account, and JPMorgan’s applying against such outstanding Swing Line Borrowing, an amount equal to the proceeds of the Funding Shares funded by all of the other Lenders on that day against the same Request for Borrowing that was initially funded by such Swing Line Advance.

  • Each Swing Line Advance shall be repaid on its Swing Line Borrowing Due Date by the Agent's paying over to JPMorgan out of the Note Payment Account, and JPMorgan's applying against such outstanding Swing Line Borrowing, an amount equal to the proceeds of the Funding Shares funded by all of the other Lenders on that day against the same Request for Borrowing that was initially funded by such Swing Line Advance.

Related to Swing Line Borrowing Due Date

  • Swing Line Borrowing means a borrowing of a Swing Line Loan pursuant to Section 2.04.

  • Swing Line Borrowing Notice is defined in Section 2.4.2.

  • Notice of Swing Line Borrowing has the meaning specified in Section 2.02(b).

  • Swingline Borrowing means a borrowing of a Swingline Loan pursuant to Section 2.04.

  • Swingline Borrowing Request means a request by the Borrower substantially in the form of Exhibit C-2.

  • Notice of Swingline Borrowing means a notice in the form of Exhibit F to be delivered to the Agent pursuant to Section 2.04 evidencing the Borrower’s request for a Swingline Loan.

  • 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 Loan Notice means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B.

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Swing Line Loans as defined in Section 2.6.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.14(f)(ii).

  • Swingline Loan Notice means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit J or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Refunded Swing Line Loans as defined in Section 2.3(b)(iv).

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Revolving Loan Notice means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Revolving Loans as the same Type, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Notice of Committed Borrowing has the meaning specified in Section 2.02(a).

  • Swing Line Bank has the meaning specified in the recital of parties to this Agreement.

  • Swing Line Rate means, (a) in respect of Swing Line Loans made in US Dollars or any Alternate Currency other than Canadian Dollars, for any Interest Period, the sum of (i) the rate per annum determined by the applicable Swing Line Agent as the rate of interest (rounded upward to the next 1/100th of 1%) at which deposits in the relevant currency for delivery on the first day of such Swing Line Loan in Same Day Funds in the approximate amount of the Swing Line Loan being made by such Swing Line Agent (or its affiliate) and with a term equivalent to such Interest Period would be offered by BNP Paribas London to major banks in the London or other offshore interbank market for such currency at their request at approximately 11:00 a.m. (London time) on the first day of such Swing Line Loan and (ii) the Applicable Rate, (b) in the case of Swing Line Loans made in Canadian Dollars, the sum of (i) the Canadian Prime Rate and (ii) the Applicable Rate and (c) in the case of Swing Line Loans made in Australian Dollars, for any Interest Period, the sum of (i) the rate per annum determined by the applicable Swing Line Agent as the rate of interest (rounded upward to the next 1/100th of 1%) at which deposits in Australian Dollars for delivery on the first day of such Swing Line Loan in Same Day Funds in the approximate amount of the Swing Line Loan being made by such Swing Line Agent (or its affiliate) and with a term equivalent to such Interest Period would be offered by BNP Paribas, Sydney Branch to major banks in Sydney at their request at approximately 11:00 a.m. (Sydney time) on the first day of such Swing Line Loan and (ii) the Applicable Rate.

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Swing Line Lender means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.