Swing Line Loans definition

Swing Line Loans as defined in Section 2.6.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

Swing Line Loans has the meaning provided in Section 2.01(c).

Examples of Swing Line Loans in a sentence

If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.05(c).
If, as a result of any such recalculation or otherwise, the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect by more than the Dollar Equivalent of $500,000, the Borrowers will promptly prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess.
It is understood and agreed that this Section 1.10 shall not limit the conditions set forth in Section 4.02 or in the definition of “Permitted Acquisition” with respect to any proposed Borrowing of Revolving Loans or Swing Line Loans or any issuance of Letters of Credit, in each case, in connection with such Limited Condition Acquisition or otherwise.
If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Company shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.17.
The Company shall repay each Swing Line Loan on the earlier to occur of (i) the date ten (10) Business Days after such Loan is made and (ii) the Maturity Date for Swing Line Loans.

More Definitions of Swing Line Loans

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

Swing Line Loans as defined in subsection 3.4(a).

Swing Line Loans means loans made by NationsBank to the Borrower pursuant to Section 2.14.

Swing Line Loans means the Domestic Swing Line Loans and the Multicurrency Swing Line Loans, and the term "Swing Line Loan" shall mean each of the Swing Line Loans individually, unless the context in which such term is used shall otherwise require.

Swing Line Loans means loans made by the Swing Line Lender to Borrower pursuant to Section 2.8.

Swing Line Loans means loans made by Bank of America to the Borrower pursuant to Section 2.4.

Swing Line Loans means, collectively, the Euro Swing Line Loans and the Supplemental Swing Line Loans; and “Swing Line Loan” means any of the Swing Line Loans.