Examples of Swingline Lender in a sentence
In addition, no Swingline Lender shall be obligated to make any Swingline Loan at a time when a Bank Default exists unless such Swingline Lender shall have entered into arrangements satisfactory to it and the Company to eliminate such Swingline Lender's risk with respect to the Bank which is the subject of such Bank Default, including by cash collateralizing such Bank's Percentage of the outstanding Swingline Loans.
In Section 1.14(a) of the Credit Agreement, subclause (i)(y) of the proviso is hereby amended in its entirety and as so amended shall read as follows: (y) the applicable Swingline Lender an amount equal to such Replaced Bank's Percentage of any Mandatory Borrowings and to ABN AMRO an amount equal to such Replaced Bank's Percentage of any Unpaid Drawing (which at such time remains an Unpaid Drawing) in either case to the extent any such amount was not theretofore funded by such Replaced Bank.
Sections 1.03(c), 1.06(b)(iv), 1.09(d), 1.09(f), 1.12, and 5.02(b)(i) and the definition of "Borrowing" contained in Section 10.01 are each hereby amended by deleting the reference to "ABN AMRO" wherever it occurs therein and inserting in its place the phrase "the applicable Swingline Lender".
TD is executing this Amendment solely for the purpose of becoming a Swingline Lender under the Credit Agreement, as amended hereby, and shall not have any Commitment or other obligation hereunder except as provided in those Sections of the Credit Agreement, as amended hereby, specifically referring to TD or a Swingline Lender, as applicable.
Clause (x) of the second proviso to Section 13.12(a) is hereby amended in its entirety and as so amended shall read as follows: (x) without the consent of ABN AMRO, amend, modify or waive any provision of Section 2 or alter its rights or obligations with respect to Letters of Credit or without the consent of a Swingline Lender, amend, modify or waive any provision of Section 1.01(b) or (c) as it relates to such Swingline Lender or alter its rights or obligations with respect to Swingline Loans.