Swing Loan Facility definition

Swing Loan Facility means, as to any Swing Loan Bank, an aggregate ------------------- amount not to exceed at any time outstanding such aggregate amount as the Company may separately agree in writing with such Swing Loan Bank and, as to all Swing Loan Banks collectively, an aggregate amount not to exceed $150,000,000 at any time outstanding.
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Swing Loan Facility means the $5,000,000 Swing Loan Facility established pursuant to Article 2 hereof.
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Swing Loan Facility means, as to any Swing Loan Bank, an aggregate
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Examples of Swing Loan Facility in a sentence

  • Within the limits of the Swing Loan Facility and the Unused Commitments as aforesaid, each Borrower may borrow under this Section 2.03, repay pursuant to Section 2.06 or prepay pursuant to Section 2.09 and reborrow under this Section 2.03.

  • If at any time the Commitments are reduced to an amount which is less than the Swing Loan Facility then in effect, the Swing Loan Facility shall automatically, without notice of any kind, be reduced to the amount of the Commitments then in effect.

  • Within the limits of the Swing Loan Facility and the Unused Commitments as aforesaid, each Borrower may borrow under this Section 2.03, repay pursuant to Section 2.07 or prepay pursuant to Section 2.10 and reborrow under this Section 2.03.

  • Upon the terms and subject to the conditions of this Agreement, the Swing Lender agrees to make, from time to time, until the Revolving Credit Termination Date, one or more loans ("Swing Loans") to the Borrower, in an aggregate principal amount not exceeding at any time $5,000,000 (the "Swing Loan Limit"), provided that the Revolving Credit Outstandings shall at no time exceed the Revolving Credit Limit (the "Swing Loan Facility").

  • Within the limits of the Swing Loan Facility and the Unused Commitments as aforesaid, the Borrower may borrow under this Section 2.03, repay pursuant to Section 2.07 or prepay pursuant to Section 2.10 and reborrow under this Section 2.03.

  • When it is not, the counterfeit purports to be the actual thing, as described by the symbolic order.

  • At no time shall (i) the aggregate outstanding principal amount of all Swing Loans made to the Funds hereunder exceed the Swing Loan Facility Amount, (ii) the aggregate amount of all Committed Loans and Swing Loans exceed the Commitment Amount, (iii) the aggregate amount of Committed Loans and Swing Loans to any Fund exceed such Fund's Borrowing Base or (iv) the Loans made by any Bank exceed its Commitment.


More Definitions of Swing Loan Facility

Swing Loan Facility means PNC's right and option to make Swing Loans to the Borrower pursuant to Section 2.4 hereof in an aggregate principal amount up to the Maximum Swing Loan Amount.
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Swing Loan Facility means NCB’s right to make Swing Loans to Borrower pursuant to Section 2.4 hereof in an aggregate amount up to the Maximum Swing Loan Amount.
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Swing Loan Facility means a discretionary line of credit, available in Dollars, offered to the Borrowers by the Swing Lenders in equal shares in an aggregate principal amount not to exceed $25,000,000; provided, however, that for the first ten (10) Business Days after the Effective Date, Sterling Swing Loans (made in British Pounds Sterling) may be offered to Books Holding by the Swing Lenders in such shares as may be determined by the Swing Lenders in an aggregate principal Dollar Equivalent Amount not to exceed $75,000,000.
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Swing Loan Facility means AIC’s right and option to make Swing Loans to the Borrower pursuant to Section 2.4 hereof in an aggregate principal amount up to the Maximum Swing Loan Amount.
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Swing Loan Facility is defined in SECTION 2.14.
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Swing Loan Facility means an aggregate amount not to exceed $25,000,000 at any time outstanding.
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Related to Swing Loan Facility

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • 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.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

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

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

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date.

  • Swing Loans each is defined in Section 1.7 hereof.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • 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.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.