Swingline Cap definition
Swingline Cap means, at any time, the lesser of (i) $25,000,000 and (ii) the Revolving Credit Commitments at such time.
Swingline Cap means $50,000,000.
Swingline Cap means U.S.$5,000,000.
Examples of Swingline Cap in a sentence
The obligation of the Borrower to repay the unpaid principal amount of the Swing Loans made to it by the Swingline Lender, together with interest thereon, shall be evidenced by a Swing Loan Note payable to the order of the Swingline Lender in a face amount equal to the Swingline Cap.
The obligation of the Borrower to repay the unpaid principal amount of the Swing Loans made to it by the Swingline Lender together with interest thereon shall be evidenced by a Swing Loan Note payable to the order of the Swingline Lender in a face amount equal to the Swingline Cap.
More Definitions of Swingline Cap
Swingline Cap means, at any time, the lesser of (i) $50,000,000 and (ii) the Revolving Credit Commitments at such time. “Swingline Exposure” shall mean, at any time, the aggregate principal amount of all Swing Loans outstanding at such time. The
Swingline Cap means, at any time, the lesser of (i) $25,000,000 and (ii) the Revolving Credit Commitments at such time. “Swingline Exposure” shall mean, at any time, the aggregate principal amount of all Swing Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall be its Ratable Share of the total Swingline Exposure at such time.