Common use of Swing Line Commitment Clause in Contracts

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower under this subsection may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give JPMCB irrevocable notice (which notice must be received by JPMCB prior to 1:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 or a whole multiple thereof. The proceeds of each Swing Line Loan will be made available by JPMCB to the Borrower by crediting the account of the Borrower at JPMCB with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc)

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Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB (in such capacity, the “Swing Line Lender”) agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00050,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower Company under this subsection Section may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be denominated in Dollars and be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB irrevocable notice (which notice must be received by JPMCB prior to 1:00 p.m.P.M., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB to the Borrower Company by crediting the account of the Borrower at JPMCB Company designated by the Company with such proceedsproceeds by 4:00 P.M., New York City time; provided that Swing Line Loans used to finance the reimbursement of an L/C Disbursement as provided in Section 2.6 shall be remitted by the Administrative Agent to the applicable Issuing Lender. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2Section 2.2.

Appears in 2 contracts

Samples: Credit Agreement (Be Aerospace Inc), Credit Agreement (Be Aerospace Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB agrees the Swing Line Lender agrees, so long as the Administrative Agent has not received notice that an Event of Default has occurred and is continuing, to make swing line loans (individually, a "Swing Line Loan"; collectively, the "Swing Line Loans") to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000; 15,000,000, provided that at no time Swing Line Loan may the sum of be made if the aggregate outstanding principal amount of the Swing Line Loans and to be made would exceed the Aggregate aggregate Available Revolving Credit Extensions of Credit exceed the Revolving Credit CommitmentsCommitments at such time. Amounts borrowed by the Borrower Company under this subsection 3.4 may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The All Swing Line Loans shall be ABR Loans, made as Alternate Base Rate Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 3:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the an aggregate minimum amount of $250,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower Company by crediting the account of the Borrower Company at JPMCB the office of the Swing Line Lender with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.23.3.

Appears in 2 contracts

Samples: Credit Agreement (CSK Auto Corp), Credit Agreement (CSK Auto Corp)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB (in such capacity, the "Swing Line Lender") agrees to make swing line loans (individually, a "Swing Line Loan"; collectively, the "Swing Line Loans") to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00010,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower Company under this subsection may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be denominated in Dollars and be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB irrevocable notice (which notice must be received by JPMCB prior to 1:00 p.m.P.M., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB to the Borrower Company by crediting the account of the Borrower at JPMCB Company designated by the Company with such proceedsproceeds by 4:00 P.M., New York City time; provided that Swing Line Loans used to finance the reimbursement of an LC Disbursement as provided in subsection 4.6 shall be remitted by the Administrative Agent to the applicable Issuing Lender. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.24.2.

Appears in 2 contracts

Samples: Credit Agreement (Be Aerospace Inc), Credit Agreement (Be Aerospace Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB Chase agrees to make swing line loans (individually, a “Swing Line Loan”"SWING LINE LOAN"; collectively, the “Swing Line Loans”"SWING LINE LOANS") to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00010,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower Company under this subsection may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB Chase irrevocable notice (which notice must be received by JPMCB Chase prior to 1:00 p.m.12:00 Noon, New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple thereof. The proceeds of each Swing Line Loan will be made available by JPMCB Chase to the Borrower Company by crediting the account of the Borrower Company at JPMCB Chase with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.26.2.

Appears in 2 contracts

Samples: Credit Agreement (Citadel Broadcasting Co), Credit Agreement (Citadel Broadcasting Corp)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB the Swing Line Lender agrees to make swing line loans (individually, a "Swing Line Loan"; collectively, the "Swing Line Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000; 200,000, provided that at no time may the sum of the aggregate then outstanding principal amount of the Swing Line Loans, Revolving Credit Loans and the Aggregate Revolving Credit Extensions of Credit L/C Obligations exceed the Revolving Credit CommitmentsCommitments then in effect. Amounts borrowed by the Borrower under this subsection 2.5 may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The All Swing Line Loans shall be made as ABR Loans, Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 p.m.12:00 Noon, New York City time) on the requested Borrowing Date specifying (i) the amount of each the requested Swing Line Loan, Loan which shall be in the a minimum amount of $250,000 or a whole multiple 50,000 in excess thereof. The proceeds of each the Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower at the office of the Swing Line Lender by crediting the account of the Borrower at JPMCB such office with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2Dollars.

Appears in 1 contract

Samples: Credit Agreement (Global Decisions Group LLC)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB the Swing Line Lender agrees to make swing line loans (individually, a "Swing Line Loan"; collectively, the "Swing Line Loans") to the Borrower from time to time during the Five Year Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000the Swing Line Commitment; provided that at no time may the sum of such Swing Line Loan shall be made if, after giving effect thereto, the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit CommitmentsAvailable Five Year Commitments would be less than zero. Amounts borrowed by the Borrower under this subsection Section 4.1 may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The All Swing Line Loans shall be ABR Loans, made as Base Rate Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 3:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the an aggregate minimum amount of $250,000 50,000 or a whole multiple of $50,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower by crediting the account of the Borrower at JPMCB the Swing Line Lender with such proceeds. The proceeds of Swing Line Loans may be used solely for the working capital purposes referred to of the Borrower in subsection 3.2the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Armor Holdings Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB the Swing Line Lender agrees to make swing line loans (individually, a "Swing Line Loan"; collectively, the "Swing Line Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000; 1,000,000, provided that at no time may the sum of the aggregate then outstanding principal amount of the Swing Line Loans, Revolving Credit Loans and the Aggregate Revolving Credit Extensions of Credit L/C Obligations exceed the Revolving Credit CommitmentsCommitments then in effect. Amounts borrowed by the Borrower under this subsection 2.5 may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The All Swing Line Loans shall be made as ABR Loans, Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 p.m.12:00 Noon, New York City time) on the requested Borrowing Date specifying (i) the amount of each the requested Swing Line Loan, Loan which shall be in the a minimum amount of $250,000 100,000 or a whole multiple multiples of $50,000 in excess thereof. The proceeds of each the Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower at the office of the Swing Line Lender by crediting the account of the Borrower at JPMCB such office with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2Dollars.

Appears in 1 contract

Samples: Credit Agreement (Telex Communications Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB (in such capacity, the “Swing Line Lender”) agrees to make swing line loans (individually, a Swing Line Loan; collectively, the “Swing Line Loans”) to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00025,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit CommitmentsLine Cap then in effect. Amounts borrowed by the Borrower Company under this subsection Section may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be denominated in Dollars and be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 p.m.P.M., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower Company by crediting the account of the Borrower at JPMCB Company designated by the Company with such proceeds. The proceeds of by 4:00 P.M., New York City time; provided that Swing Line Loans may used to finance the reimbursement of an L/C Disbursement as provided in Section 2.6 shall be used solely for remitted by the purposes referred Administrative Agent to in subsection 3.2.the applicable Issuing

Appears in 1 contract

Samples: Credit Agreement (KLX Inc.)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB agrees the Swing Line Lender agrees, so long as the Administrative Agent has not received notice that an Event of Default has occurred and is continuing, to make swing line loans (individually, a "Swing Line Loan"; collectively, the "Swing Line Loans") to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000; 10,000,000, provided that at no time Swing Line Loan may the sum of be made if the aggregate outstanding principal amount of the Swing Line Loans and to be made would exceed the Aggregate aggregate Available Revolving Credit Extensions of Credit exceed the Revolving Credit CommitmentsCommitments at such time. Amounts borrowed by the Borrower Company under this subsection 3.4 may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The All Swing Line Loans shall be ABR Loans, made as Alternate Base Rate Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 3:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the an aggregate minimum amount of $250,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower Company by crediting the account of the Borrower Company at JPMCB the office of the Swing Line Lender with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.23.3.

Appears in 1 contract

Samples: Credit Agreement (Falcon Building Products Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB the Swing Line Lender agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “"Swing Line Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000; 5,000,000, provided that at in no time may the sum of event shall any Swing Line Loans be made if the aggregate outstanding principal amount of the Swing Line Loans to be made would, after giving effect to the use of proceeds thereof (and subject to the Aggregate Revolving Credit Extensions proviso in the second sentence of Credit Section 2.21(a)), exceed the Revolving Credit aggregate Available Commitments. Amounts borrowed by the Borrower under this subsection Section 2.5 may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The All Swing Line Loans shall be ABR Loans, made as Base Rate Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 3:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the an aggregate minimum amount of $250,000 500,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower by crediting the account of the Borrower at JPMCB the office of the Swing Line Lender with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2Section 3.16.

Appears in 1 contract

Samples: Credit Agreement (Swisher International Group Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB (in such capacity, the “Swing Line Lender”) agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00025,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower Company under this subsection Section may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be denominated in Dollars and be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB irrevocable notice (which notice must be received by JPMCB prior to 1:00 p.m.P.M., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB to the Borrower Company by crediting the account of the Borrower at JPMCB Company designated by the Company with such proceedsproceeds by 4:00 P.M., New York City time; provided that Swing Line Loans used to finance the reimbursement of an L/C Disbursement as provided in Section 2.6 shall be remitted by the Administrative Agent to the applicable Issuing Lender. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2Section 2.2.

Appears in 1 contract

Samples: Credit Agreement (Be Aerospace Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB the Swing Line Lender agrees to make swing line loans (individually, a "Swing Line Loan"; collectively, the "Swing Line Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000the Swing Line Commitment; provided that at no time may the sum of such Swing Line Loan shall be made if, after giving effect thereto, the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Available Revolving Credit Extensions of Credit exceed the Revolving Credit CommitmentsCommitments would be less than zero. Amounts borrowed by the Borrower under this subsection Section 4.1 may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The All Swing Line Loans shall be ABR Loans, made as Base Rate Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 3:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the an aggregate minimum amount of $250,000 50,000 or a whole multiple of $50,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower by crediting the account of the Borrower at JPMCB the Swing Line Lender with such proceeds. The proceeds of Swing Line Loans may be used solely for the working capital purposes referred to of the Borrower in subsection 3.2the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Armor Holdings Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB agrees the Swing Line Lender agrees, so long as the Administrative Agent has not received notice that an Event of Default has occurred and is continuing, to make swing line loans (individually, a "Swing Line Loan"; collectively, the "Swing Line Loans") to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000; 5,000,000, provided that at no time Swing Line Loan may the sum of be made if the aggregate outstanding principal amount of the Swing Line Loans and to be made would exceed the Aggregate aggregate Available Revolving Credit Extensions of Credit exceed the Revolving Credit CommitmentsCommitments at such time. Amounts borrowed by the Borrower Company under this subsection 3.4 may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The All Swing Line Loans shall be ABR Loans, made as Alternate Base Rate Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 3:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the an aggregate minimum amount of $250,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower Company by crediting the account of the Borrower Company at JPMCB the office of the Swing Line Lender with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.23.3.

Appears in 1 contract

Samples: Credit Agreement (Carter William Co /Ga/)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB the Swing Line Lender agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “"Swing Line Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000; 5,000,000, provided that at in no time may the sum of event shall any Swing Line Loans be made if the aggregate outstanding principal amount of the Swing Line Loans and to be made would, after giving effect to the Aggregate Revolving Credit Extensions use of Credit proceeds thereof, exceed the Revolving Credit aggregate Available Commitments. Amounts borrowed by the Borrower under this subsection Section 2.7 may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The All Swing Line Loans shall be ABR Loans, made as Base Rate Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 3:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the an aggregate minimum amount of $250,000 500,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower by crediting the account of the Borrower at JPMCB the office of the Swing Line Lender with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2Section 3.16.

Appears in 1 contract

Samples: Credit Agreement (Swisher International Group Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower Company under this subsection may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB irrevocable notice (which notice must be received by JPMCB prior to 1:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 or a whole multiple thereof. The proceeds of each Swing Line Loan will be made available by JPMCB to the Borrower Company by crediting the account of the Borrower Company at JPMCB with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2.

Appears in 1 contract

Samples: Credit Agreement (Citadel Broadcasting Corp)

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Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB (in such capacity, the “Swing Line Lender”) agrees to make swing line loans (individually, a Swing Line Loan; collectively, the “Swing Line Loans”) to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00025,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit CommitmentsLine Cap then in effect. Amounts borrowed by the Borrower Company under this subsection Section may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be denominated in Dollars and be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 p.m.P.M., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower Company by crediting the account of the Borrower at JPMCB Company designated by the Company with such proceedsproceeds by 4:00 P.M., New York City time; provided that Swing Line Loans used to finance the reimbursement of an L/C Disbursement as provided in Section 2.6 shall be remitted by the Administrative Agent to the applicable Issuing Lender. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2Section 2.2.

Appears in 1 contract

Samples: Credit Agreement (KLX Inc.)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB (in such capacity, the Swing Line Lender) agrees to make swing line loans (individually, a Swing Line Loan; collectively, the Swing Line Loans) to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00025,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower Company under this subsection Section may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be denominated in Dollars and be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB the Swing Line Lender irrevocable notice (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 p.m.P.M., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower Company by crediting the account of the Borrower at JPMCB Company designated by the Company with such proceedsproceeds by 4:00 P.M., New York City time; provided that Swing Line Loans used to finance the reimbursement of an L/C Disbursement as provided in Section 2.6 shall be remitted by the Administrative Agent to the applicable Issuing Lender. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2Section 2.2.

Appears in 1 contract

Samples: Credit Agreement (B/E Aerospace Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00010,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower Company under this subsection may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB irrevocable notice (which notice must be received by JPMCB prior to 1:00 p.m.12:00 Noon, New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple thereof. The proceeds of each Swing Line Loan will be made available by JPMCB to the Borrower Company by crediting the account of the Borrower Company at JPMCB with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.26.2.

Appears in 1 contract

Samples: Credit Agreement (Citadel Broadcasting Corp)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB JPMorgan Chase Bank agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00025,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower under this subsection may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give JPMCB JPMorgan Chase Bank irrevocable notice (which notice must be received by JPMCB JPMorgan Chase Bank prior to 1:00 p.m.12:00 Noon, New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple thereof. The proceeds of each Swing Line Loan will be made available by JPMCB JPMorgan Chase Bank to the Borrower by crediting the account of the Borrower at JPMCB JPMorgan Chase Bank with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2.

Appears in 1 contract

Samples: Credit Agreement (Community Health Systems Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00020,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower Company under this subsection may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB irrevocable notice (which notice must be received by JPMCB prior to 1:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 or a whole multiple thereof. The proceeds of each Swing Line Loan will be made available by JPMCB to the Borrower Company by crediting the account of the Borrower Company at JPMCB with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.26.2.

Appears in 1 contract

Samples: Credit Agreement (Citadel Broadcasting Corp)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB JPMorgan Chase Bank agrees to make swing line loans (individually, a “Swing Line Loan”"SWING LINE LOAN"; collectively, the “Swing Line Loans”"SWING LINE LOANS") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00025,000,000; provided PROVIDED that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower under this subsection may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give JPMCB JPMorgan Chase Bank irrevocable notice (which notice must be received by JPMCB JPMorgan Chase Bank prior to 1:00 p.m.12:00 Noon, New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple thereof. The proceeds of each Swing Line Loan will be made available by JPMCB JPMorgan Chase Bank to the Borrower by crediting the account of the Borrower at JPMCB JPMorgan Chase Bank with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2.

Appears in 1 contract

Samples: Credit Agreement (Community Health Systems Inc/)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB the Swing Line Lender agrees to make swing line loans (individually, a "Swing Line Loan"; collectively, the "Swing Line Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000the Swing Line Commitment; provided that at no time may such Swing Line Loan shall be made if, after giving effect thereto, (i) the sum of the aggregate outstanding principal amount Available RC Commitment of the Swing Line Loans and Lender would be less than zero or (ii) the Aggregate Revolving Credit Outstanding RC Extensions of Credit of all of the Lenders would exceed the Revolving Credit CommitmentsBorrowing Base. Amounts borrowed by the Borrower under this subsection Section 4.1 may be repaid andand reborrowed, through up to but excluding the Revolving Credit Termination Date, reborrowed. The All Swing Line Loans shall be ABR Loans, made as Base Rate Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give JPMCB the Swing Line Lender irrevocable notice notice, accompanied by the calculation referred to in Section 7.2(a) (which notice must be received by JPMCB the Swing Line Lender prior to 1:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the an aggregate minimum amount of $250,000 100,000 or a whole multiple thereof. The proceeds of each Swing Line Loan will be made available by JPMCB the Swing Line Lender to the Borrower by crediting the account of the Borrowers as directed by the Borrower at JPMCB prior to such time with such proceeds. The proceeds of Swing Line Loans may be used solely for the working capital purposes referred to of the Borrower in subsection 3.2the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Universal Hospital Services Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB Chase agrees to make swing line loans (individually, a "Swing Line Loan"; collectively, the "Swing Line Loans") to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000; , provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Revolving Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower Company under this subsection 2.2 may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The All Swing Line Loans shall be made as ABR Loans, Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB Chase irrevocable notice (which notice must be received by JPMCB Chase prior to 1:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the an aggregate minimum amount of $250,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB Chase to the Borrower Company by crediting the account of the Borrower Company at JPMCB Chase with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.22.4.

Appears in 1 contract

Samples: Credit Agreement (Saks Holdings Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB (in such capacity, the “Swing Line Lender”) agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00015,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower Company under this subsection Section may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be denominated in Dollars and be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB irrevocable notice (which notice must be received by JPMCB prior to 1:00 p.m.P.M., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be made available by JPMCB to the Borrower Company by crediting the account of the Borrower at JPMCB Company designated by the Company with such proceedsproceeds by 4:00 P.M., New York City time; provided that Swing Line Loans used to finance the reimbursement of an L/C Disbursement as provided in Section 4.6 shall be remitted by the Administrative Agent to the applicable Issuing Lender. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2Section 4.2.

Appears in 1 contract

Samples: Security Agreement (Be Aerospace Inc)

Swing Line Commitment. (a) Subject to the terms and conditions hereof, JPMCB Chase agrees to make swing line loans (individually, a "Swing Line Loan"; collectively, the "Swing Line Loans") to the Borrower Company from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,00025,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower Company under this subsection may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower Company shall give JPMCB Chase irrevocable notice (which notice must be received by JPMCB Chase prior to 1:00 p.m.12:00 Noon, New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 500,000 or a whole multiple thereof. The proceeds of each Swing Line Loan will be made available by JPMCB Chase to the Borrower Company by crediting the account of the Borrower Company at JPMCB Chase with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.26.2.

Appears in 1 contract

Samples: Credit Agreement (Community Health Systems Inc/)

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