Examples of Swingline Advance in a sentence
Each Borrowing (other than a Swingline Advance) shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments.
A Swingline Advance may not be repaid with the proceeds from another Swingline Advance.
To request a Swingline Advance, the Borrower shall notify the Swingline Lender and the Agent of such request in writing, not later than 2:00 p.m. (or such later time as the Swingline Lender may determine in its sole discretion), on the day of such Swingline Advance.
Any Swingline Advance shall be made and repaid in accordance with the procedures set forth in Section 2.
Each Swingline Advance shall bear interest at such rate as mutually agreed to by the Swingline Lender and the Borrower.