Swing Line Subfacility definition

Swing Line Subfacility means, at any time, an amount equal to the lesser of (a) $25,000,000 and (b) the Revolving Credit Facility at such time. The Swing Line Subfacility is part of, and not in addition to, the Revolving Credit Facility.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Swing Line Subfacility means a Tranche A Swing Line Subfacility, a Tranche B Swing Line Subfacility (Dollar) or a Tranche B Swing Line Subfacility (Euro).

Swing Line Subfacility means the subfacility under the Total Commitment as described in, and subject to the limitations of, Section 2.2.

Examples of Swing Line Subfacility in a sentence

• The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Subfacility, the Swing Line Subfacility or the Revolving Credit Facility under this Section 2.06.

• The Principal Debt under the Swing Line Subfacility shall be evidenced by the Swing Line Note.

• If Borrower fails to repay any Swing Line Loan as provided herein, and funds cannot be or are not advanced under the Revolving Facility to satisfy the obligations under the Swing Line Subfacility (and in any event upon the earlier to occur of a Default or the Termination Date), Administrative Agent shall timely notify each Lender of such failure and of the date and amount not paid.

• Upon the request of any Lender made through Administrative Agent, the Principal Debt owed to such Lender may be evidenced by one or more of the following Notes (as the case may be): (i) a Revolving Note (with respect to Principal Debt other than under the Swing Line Subfacility) and (ii) a Swing Line Note (with respect to Principal Debt arising under the Swing Line Subfacility).

• Each Swing Line Loan under the Swing Line Subfacility shall be available and may be prepaid on same day telephonic notice from Borrower to Swing Line Lender and Administrative Agent, so long as such notice is received by Swing Line Lender and Administrative Agent prior to 1:00 p.m. Dallas, Texas time.

More Definitions of Swing Line Subfacility

Swing Line Subfacility means a subfacility under the Agreement (the portion of the Loans attributable to which may never exceed in the aggregate the Swing Line Sublimit) as described in, and subject to the limitations of, Section 2.4 hereof. Swing Line Sublimit means, on any date, an amount equal to the lesser of (a) $75,000,000 and (b) the Revolver Commitment (as the same may be increased or reduced in accordance with the Loan Papers). The Swing Line Sublimit is part of, and not in addition to, the Revolver Commitment.

Swing Line Subfacility means the subfacility under the Revolver Facility described in, and subject to the limitations of, SECTION

Swing Line Subfacility means a subfacility under the Revolving Credit Facility described in Section 2.21.

Swing Line Subfacility means the subfacility under the Revolving Facility (the portion of the Loans attributable to which may never exceed in the aggregate $50,000,000), as described in, and subject to the limitations of, SECTION 2.

Swing Line Subfacility means the facility under the Facility described in Section 2.4.

Swing Line Subfacility shall have the meaning specified in Section 2.4(a) hereof.

Swing Line Subfacility means the subfacility under this 364-Day Facility described in, and subject to the limitations of, SECTION