Swing Line Loan Maximum Amount definition

Swing Line Loan Maximum Amount has the meaning specified in Section 2.01(b).
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Swing Line Loan Maximum Amount. (but the definition of such term in Section 1.01 remains unchanged) and all references to “Swing Line Loan Commitment” are deleted and replaced with the term “Swing Line Loan Maximum Amount”.
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Swing Line Loan Maximum Amount means the lesser of (a) $25,000,000, as the same shall be reduced as a result of a reduction in the Swing Line Loan Maximum Amount pursuant to Section 2.05, and (b) the aggregate Revolving Loan Commitments. The Swing Line Loan Maximum Amount is part of, and not in addition to, the aggregate Revolving Loan Commitments.
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Examples of Swing Line Loan Maximum Amount in a sentence

  • All advances under the Swing Line Loan requested by Borrower shall be in the minimum principal amount of at least $10,000, and the total principal amount of all Swing Line Loans outstanding on any day may not exceed the Swing Line Loan Maximum Amount, nor may any Swing Line Loan be made if after giving effect thereto, the aggregate of Revolving Credit Loans, face amounts of Letters of Credit, unreimbursed drafts under Letters of Credit and Swing Line Loans would be greater than the Maximum Total Amount.

  • STB shall not be required to make any Swing Line Loan if the aggregate outstanding principal amount of the Swing Line Loans made by STB would exceed the Swing Line Loan Maximum Amount.

  • If and to the extent specified by the Borrower in the notice to the Agent, some or all of the reduction in the Revolving Loan Commitments shall be applied to reduce the L/C Commitment and/or the Swing Line Loan Maximum Amount.

  • If after giving effect to any reduction or termination of Revolving Loan Commitments under this Section 2.05, the L/C Commitment or the Swing Line Loan Maximum Amount would exceed the amount of the Revolving Loan Commitments at such time, the L/C Commitment or the Swing Line Loan Maximum Amount, as the case may be, shall be automatically reduced by the amount of such excess.


More Definitions of Swing Line Loan Maximum Amount

Swing Line Loan Maximum Amount means, on any date, the lesser of (a) $5,000,000 or (b) the difference between (x) the Maximum Total Amount and (y) the sum of: (i) aggregate principal amounts outstanding under all of the Revolving Credit Notes on such date, and (ii) the aggregate face amounts of all Letters of Credit outstanding on such date and (iii) the aggregate amount of unreimbursed drafts under any Letters of Credit.
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Swing Line Loan Maximum Amount. $10,000,000.
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Related to Swing Line Loan Maximum Amount

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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

  • Swing Line Loans means the Loans made by Swing Line Lender to Company pursuant to subsection 2.1A(iii).

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

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

  • 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).

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

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • 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 Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • 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.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Letter of Credit Maximum Amount means $5,000,000; provided that, on and after the Maturity Date, the Letter of Credit Maximum Amount shall be zero.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

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

  • Swing Line Exposure means, at any time, the aggregate principal amount of all Swing Line Loans outstanding at such time. The Swing Line Exposure of any Lender at any time shall be its Pro Rata Share of the total Swing Line Exposure at such time.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).