Swingline definition

Swingline. The facility pursuant to which the SwingLine Lender may advance Revolving Credit Loans aggregating up to the SwingLine Loan Ceiling.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Swingline means the revolving credit facility made available by the Swingline Lender pursuant to Section 2.07.

Swingline means the credit facility for making one or more Swingline Loans described in Section 2.2(b).

Examples of Swingline in a sentence

• For the avoidance of doubt, if ▇▇▇▇▇▇▇▇ delivers a Funding Notice specifying a proposed Funding Date that would occur less than one (1) Business Day after the date such Funding Notice is received (or deemed received in accordance with Section 2.2(c)(ii)), such request for an Advance shall be treated as a request for a Swingline Advance.

• For the avoidance of doubt, in relation with a refunding of a Swingline Advance, such ▇▇▇▇▇▇’s payment obligation will be fulfilled in accordance with Section 2.19.

• If any portion of any such amount paid to the Swingline Lender shall be recovered by or on behalf of the Borrower from the Swingline Lender in bankruptcy or otherwise, the loss of the amount so recovered shall be ratably shared among all the Lenders in accordance with their respective Pro Rata Shares.

• Each Lender shall fund its respective Pro Rata Share of Advances as required to repay Swingline Advances outstanding to the Swingline Lender no later than 12:00 noon on the applicable Swingline Refund Date.

• Each Lender will immediately transfer to the Swingline Lender, in immediately available funds, the amount of its participation and upon receipt thereof the Swingline Lender will deliver to such Lender a certificate evidencing such participation dated the date of receipt of such funds and for such amount.

More Definitions of Swingline

Swingline when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are made by a Swingline Lender to Borrower pursuant to Section 2.10 of the Credit Agreement.

Swingline is defined in section 2.08.

Swingline means the credit facility for making one or more Swingline Loans described in Section 2.1(b).

Swingline means that portion of the Credit Facility to be made available by the Swingline Lender to the Borrower as described in section 2.1(6).

Swingline means the unsecured cash management line of credit in the maximum principal amount of Ten Million Dollars ($10,000,000) provided by NBD to Borrower, governed by this Agreement, including any renewal or extension thereof.

Swingline shall have the meaning specified in the first paragraph hereof.

Swingline shall have the meaning set forth in Section 2.2.1. hereof.