Swingline Loan Limit definition
Swingline Loan Limit means, at any time, the smaller of the following amounts: (i) $10,000,000, (ii) the aggregate Revolver Commitment minus the Revolver Usage and (iii) the Borrowing Base, minus the amount of Revolving Loans outstanding.
Swingline Loan Limit means, at any time, the smaller of the following amounts: (i) $10,000,000, and (ii) the aggregate Revolving Credit Commitments minus the sum of the Outstanding Amount of Revolving Credit Loans, Swingline Loans and L/C Obligations; provided that, in each case, the Swingline Loan Limit shall be reduced by any Defaulting Lender’s Applicable Percentage of the Swingline Loan Commitment which cannot be reallocated pursuant to Section 2.14.
Swingline Loan Limit means $20,000,000.
Examples of Swingline Loan Limit in a sentence
If at any time the Swingline Loan Outstandings exceed the Swingline Loan Limit, then, on the next succeeding Business Day, the Borrower shall repay Swingline Loans in an aggregate amount equal to such excess.
More Definitions of Swingline Loan Limit
Swingline Loan Limit. “Conforming Term Lender DIP Financing,” and “Waterfall Trigger Event;” (H) shorten the maturity or weighted average life to maturity of the Term Loans or require that any payment on the Term Loans be made earlier than the date originally scheduled for such payment; or (I) reduce the principal amount of any Loan or reduce the rate of interest thereon (provided, the cash pay interest amount may not be reduced by more than 50% without all directly affected Lenders), or reduce any fees payable hereunder (including any Prepayment Premium); and
Swingline Loan Limit means $20,000,000. “Swingline Loan Outstandings” means, at any time of calculation, the then existing aggregate outstanding principal amount of Swingline Loans. “Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, in each case in the nature of a tax, including any interest, additions to tax or penalties applicable thereto. “Termination Date” means the first date on which all of the Obligations (other than Contingent Indemnity Obligations) are paid in full in cash and the Commitments of the Lenders are terminated and all Letters of Credit have been terminated, expired, backstopped, rolled over or cash collateralized on terms reasonably acceptable to the applicable Issuing Bank. “Termination Event” means (a) the imposition of liability on any Loan Party or any of its ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA, (b) the filing of a notice of intent to terminate an Employee Plan in a distress termination or the treatment of an Employee Plan amendment as a distress termination under Section 4041 of ERISA, (c) the institution of proceedings by the PBGC to terminate an Employee Plan, or (d) any other event or condition that would reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Employee Plan. “Term Loan” and “Term Loans” means, collectively, the Term Loan made by the Term Loan Lenders to the Borrower pursuant to Section 2.01(a)(iii)(A) and Section 2.01(c). “Term Loan Commitment” means the Initial Term Loan Commitment and, to the extent agreed to by the applicable Term Loan Lenders, the Incremental Term Loan Commitment. “Term Loan Extension” has the meaning specified therefor in Section 2.08(a). “Term Loan Extension Election” has the meaning specified therefor in Section 2.08(e). “Term Loan Extension Request” has the meaning specified therefor in Section 2.08(a). “Term Loan Lender” means a Lender with a Term Loan Commitment or a Term Loan. “Term Note” means a promissory note of the Borrower, substantially in the form of Exhibit E-1, evidencing the Indebtedness resulting from the making of the Term Loans and delivered to any Lender that requests such Term Note pursuant to Section 2.03(f) hereof, as such promissory note may be modified or extended f...
Swingline Loan Limit means, at any time, the amount shown as such on Annex I attached hereto (as such annex may be amended from time to time).