Examples of Swingline Bank in a sentence
Each of the Administrative Agent, the Swingline Bank, each Lender and each of their respective Affiliates and their officers, directors, controlling persons, employees, agents and advisors (collectively, solely for purposes of this Section 8.15, the “Lenders”) may have economic interests that conflict with those of the Borrower.
Until each Lender funds its Base Rate Advance or participation pursuant to this Section to refinance such Lender’s percentage of any Swingline Advance made by the Swingline Bank, interest in respect of such Lender’s share thereof shall be solely for the account of the Swingline Bank.
Each Swingline Advance shall be made upon the Borrower’s irrevocable notice to the Swingline Bank and the Administrative Agent.
The Borrower may elect to remove or replace any such designated Eligible Assignee at any time prior to the effective date of such increase, provided that any newly designated Eligible Assignee is reasonably acceptable to the Administrative Agent, the Swingline Bank and each LC Issuing Bank.
Each Lender, the Swingline Bank and each LC Issuing Bank hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto.