Common use of Revolving Loans and Swing Line Loans Clause in Contracts

Revolving Loans and Swing Line Loans. (a) During the Revolving Loan Commitment Period, subject to the terms and conditions hereof, (i) each Lender severally agrees to make Revolving Loans to Company in the aggregate amount up to but not exceeding such Lender’s Revolving Loan Commitment, and (ii) Swing Line Lender hereby agrees to make Swing Line Loans to Company in an aggregate amount up to but not exceeding the Swing Line Sublimit, in each case to be used for the purposes identified in Section 2.5. Amounts borrowed pursuant to this Section 2.2 may be repaid and reborrowed during the Revolving Loan Commitment Period. Each Lender’s Revolving Loan Commitment, and Swing Line Lender’s Swing Line Loan Commitment, shall expire on the Revolving Loan Commitment Termination Date and all Revolving Loans and all Swing Line Loans and all other amounts owed hereunder with respect to the Revolving Loans, the Swing Line Loans, the Revolving Loan Commitments and the Swing Line Loan Commitment shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Simmons Co)

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Revolving Loans and Swing Line Loans. (a) During the Revolving Loan Commitment Period, subject to the terms and conditions hereof, (i) If on any date (A) any Revolving Lender’s Revolving Exposure as of such date (after giving effect to any concurrent prepayment of Revolving Loans) would exceed such Revolving Lender’s Revolving Commitment then in effect, (B) the aggregate principal amount of the outstanding Swing Line Loans of any Swing Line Lender as of such date (after giving effect to any concurrent prepayment of the Swing Line Loans) would exceed the Swing Line Commitment of such Swing Line Lender then in effect, (C) any Swing Line Lender’s Revolving Exposure as of such date (after giving effect to any concurrent prepayment of Revolving Loans) would exceed such Swing Line Lender’s Revolving Commitment then in effect or (D) the Total Revolving Exposure as of such date (after giving effect to any concurrent prepayment of the Revolving Loans) would exceed the Total Revolving Commitments then in effect, then the US Borrower shall repay on such date the principal of Swing Line Loans and, after all Swing Line Loans have been repaid in full or if no Swing Line Loans are outstanding, the Borrowers shall repay on such date the principal of Revolving Loans, in each Lender severally agrees to make Revolving Loans to Company case, in the aggregate amount up necessary to but not exceeding eliminate such Lender’s Revolving Loan Commitmentexcess. If, and (ii) Swing Line Lender hereby agrees after giving effect to make Swing Line Loans to Company in an aggregate amount up to but not exceeding the Swing Line Sublimit, in each case to be used for the purposes identified in Section 2.5. Amounts borrowed pursuant to this Section 2.2 may be repaid and reborrowed during the Revolving Loan Commitment Period. Each Lender’s Revolving Loan Commitment, and Swing Line Lender’s Swing Line Loan Commitment, shall expire on the Revolving Loan Commitment Termination Date and prepayment of all Revolving Loans and all outstanding Swing Line Loans and all other amounts owed hereunder with respect to the outstanding Revolving Loans, the Swing Line LoansL/C Obligations of any Lender exceeds such Lender’s Revolving Commitment as then in effect, then the Revolving Loan Commitments and the Swing Line Loan Commitment US Borrower shall be paid deposit Cash Collateral in full no later than accordance with Section 2.07(m) in an aggregate amount equal to such dateexcess.

Appears in 1 contract

Samples: Credit Agreement (Compass Minerals International Inc)

Revolving Loans and Swing Line Loans. (a) During the Revolving Loan Commitment Period, subject to the terms and conditions hereof, (i) If on any date (A) any Revolving Lender’s Revolving Exposure as of such date (after giving effect to any concurrent prepayment of Revolving Loans) would exceed such Revolving Lender’s Revolving Commitment then in effect, (B) the aggregate principal amount of the outstanding Swing Line Loans of any Swing Line Lender as of such date (after giving effect to any concurrent prepayment of the Swing Line Loans) would exceed the Swing Line Commitment of such Swing Line Lender then in effect, (C) any Swing Line Lender’s Revolving Exposure as of such date (after giving effect to any concurrent prepayment of Revolving Loans) would exceed such Swing Line Lender’s Revolving Commitment then in effect or (D) the Total Revolving Exposure as of such date 105 (after giving effect to any concurrent prepayment of the Revolving Loans) would exceed the Total Revolving Commitments then in effect, then the US Borrower shall repay on such date the principal of Swing Line Loans and, after all Swing Line Loans have been repaid in full or if no Swing Line Loans are outstanding, the Borrowers shall repay on such date the principal of Revolving Loans, in each Lender severally agrees to make Revolving Loans to Company case, in the aggregate amount up necessary to but not exceeding eliminate such Lender’s Revolving Loan Commitmentexcess. If, and (ii) Swing Line Lender hereby agrees after giving effect to make Swing Line Loans to Company in an aggregate amount up to but not exceeding the Swing Line Sublimit, in each case to be used for the purposes identified in Section 2.5. Amounts borrowed pursuant to this Section 2.2 may be repaid and reborrowed during the Revolving Loan Commitment Period. Each Lender’s Revolving Loan Commitment, and Swing Line Lender’s Swing Line Loan Commitment, shall expire on the Revolving Loan Commitment Termination Date and prepayment of all Revolving Loans and all outstanding Swing Line Loans and all other amounts owed hereunder with respect to the outstanding Revolving Loans, the Swing Line LoansL/C Obligations of any Lender exceeds such Lender’s Revolving Commitment as then in effect, then the Revolving Loan Commitments and the Swing Line Loan Commitment US Borrower shall be paid deposit Cash Collateral in full no later than accordance with Section 2.07(m) in an aggregate amount equal to such dateexcess.

Appears in 1 contract

Samples: Credit Agreement (Compass Minerals International Inc)

Revolving Loans and Swing Line Loans. (a) During the Revolving Loan Commitment Period, subject to the terms and conditions hereof, (i) each Lender severally agrees to make Revolving Loans to Company in the aggregate amount up to but not exceeding such Lender’s 's Revolving Loan Commitment, and (ii) Swing Line Lender hereby agrees to make Swing Line Loans to Company in an aggregate amount up to but not exceeding the Swing Line Sublimit, in each case to be used for the purposes identified in Section 2.5. Amounts borrowed pursuant to this Section 2.2 may be repaid and reborrowed during the Revolving Loan Commitment Period. Each Lender’s 's Revolving Loan Commitment, and Swing Line Lender’s 's Swing Line Loan Commitment, shall expire on the Revolving Loan Commitment Termination Date and all Revolving Loans and all Swing Line Loans and all other amounts owed hereunder with respect to the Revolving Loans, the Swing Line Loans, the Revolving Loan Commitments and the Swing Line Loan Commitment shall be paid in full no later than such date. Notwithstanding the foregoing, the Revolving Loan Commitments and the Swing Line Loan Commitment shall expire immediately and without further action on December 19, 2003 if the Tranche C Term Loans are not made on or before that date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Simmons Bedding Co)

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Revolving Loans and Swing Line Loans. (a) During the Revolving Loan Commitment Period, subject to the terms and conditions hereof, (i) each Lender severally agrees to make Revolving Loans to Company in the aggregate amount up to but not exceeding such Lender’s 's Revolving Loan Commitment, and (ii) Swing Line Lender hereby agrees to make Swing Line Loans to Company in an aggregate amount up to but not exceeding the Swing Line Sublimit, in each case to be used for the purposes identified in Section SECTION 2.5. Amounts borrowed pursuant to this Section SECTION 2.2 may be repaid and reborrowed during the Revolving Loan Commitment Period. Each Lender’s 's Revolving Loan Commitment, and Swing Line Lender’s 's Swing Line Loan Commitment, shall expire on the Revolving Loan Commitment Termination Date and all Revolving Loans and all Swing Line Loans and all other amounts owed hereunder with respect to the Revolving Loans, the Swing Line Loans, the Revolving Loan Commitments and the Swing Line Loan Commitment shall be paid in full no later than such date. Notwithstanding the foregoing, the Revolving Loan Commitments and the Swing Line Loan Commitment shall expire immediately and without further action on October 30, 1998 if the Term Loans are not made on or before that date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Simmons Co /Ga/)

Revolving Loans and Swing Line Loans. (a) During the Revolving Loan Commitment Period, subject to the terms and conditions hereof, (i) each Lender severally agrees to make Revolving Loans to Company in the aggregate amount up to but not exceeding such Lender’s 's Revolving Loan Commitment, and (ii) Swing Line Lender hereby agrees to make Swing Line Loans to Company in an aggregate amount up to but not exceeding the Swing Line Sublimit, in each case to be used for the purposes identified in Section 2.5. Amounts borrowed pursuant to this Section 2.2 may be repaid and reborrowed during the Revolving Loan Commitment Period. Each Lender’s 's Revolving Loan Commitment, and Swing Line Lender’s 's Swing Line Loan Commitment, shall expire on the Revolving Loan Commitment Termination Date and all Revolving Loans and all Swing Line Loans and all other amounts owed hereunder with respect to the Revolving Loans, the Swing Line Loans, the Revolving Loan Commitments and the Swing Line Loan Commitment shall be paid in full no later than such date. Notwithstanding the foregoing, the Revolving Loan Commitments and the Swing Line Loan Commitment shall expire immediately and without further action on December 19, 2003 if the Tranche B Term Loans are not made on or before that date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Simmons Co /Ga/)

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