Common use of The Swing Line Advances Clause in Contracts

The Swing Line Advances. The Swing Line Bank agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrower from time to time on any Business Day during the Availability Period (i) in an aggregate amount not to exceed at any time outstanding the lesser of (x) the Swing Line Sublimit and (y) the Swing Line Bank’s Swing Line Commitment at such time and (ii) in an amount for each such Swing Line Advance not to exceed the Unused Revolving Credit Commitments of the Revolving Credit Lenders immediately prior to the making of such Swing Line Advance. The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Day. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be in an amount of $1,000,000 or an integral multiple of $500,000 in excess thereof and, notwithstanding Section 2.10, shall be made as a Base Rate Advance by the Swing Line Bank. Within the limits of the Swing Line Sublimit and within the limits referred to in clause (ii) above, the Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.05(d) or prepay pursuant to Section 2.07(a) and reborrow under this Section 2.01(c). Immediately upon the making of a Swing Line Advance, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Bank a risk participation in such Swing Line Advance in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Advance.

Appears in 1 contract

Samples: Credit Agreement (Neustar Inc)

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The Swing Line Advances. The Swing Line Bank agrees, agrees on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrower from time to time on any Business Day during the Availability Period period from the Effective Date until the Termination Date in respect of the Revolving Credit Facility (i) in an aggregate amount for all Swing Line Advances not to exceed at any time outstanding the lesser of (x) the Swing Line Sublimit and (y) the Swing Line Bank’s 's Swing Line Commitment at such time and (ii) in an amount for each such Swing Line Advance Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Revolving Credit Lenders immediately prior to the making of at such Swing Line Advance. The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Daytime. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be in an amount of $1,000,000 100,000 or an integral multiple of $500,000 50,000 in excess thereof and, notwithstanding Section 2.10, and shall be made as a Base Rate Advance by the Swing Line BankAdvance. Within the limits of the Swing Line Sublimit Facility and within the limits referred to in clause (ii) above, the Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.05(d2.04(c) or prepay pursuant to Section 2.07(a2.06(a) and reborrow under this Section 2.01(c). Immediately upon the making of a Swing Line Advance, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Bank a risk participation in such Swing Line Advance in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Advance.and

Appears in 1 contract

Samples: Open Solutions Inc

The Swing Line Advances. The Swing Line Bank agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrower from time to time on any Business Day during the Availability Period period from the Original Effective Date until the Termination Date in respect of the Revolving Credit Facility (i) in an aggregate amount not to exceed at any time outstanding the lesser of (x) the Swing Line Sublimit 47 Amended and (y) the Swing Restated KCSR Credit Agreement Line Bank’s Swing Line Commitment at such time and (ii) in an amount for each such Swing Line Advance Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Revolving Credit Lenders immediately prior to the making of at such Swing Line Advance. The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Daytime. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be in an amount of $1,000,000 500,000 or an integral multiple of $500,000 100,000 in excess thereof and, notwithstanding Section 2.10, and shall be made as a Base Rate Advance by the Swing Line BankAdvance. Within the limits of the Swing Line Sublimit Facility and within the limits referred to in clause (ii) above, the Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.05(d2.04(c) or prepay pursuant to Section 2.07(a2.06(a) and reborrow under this Section 2.01(c). Immediately upon the making of a Swing Line Advance, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Bank a risk participation in such Swing Line Advance in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Advance.

Appears in 1 contract

Samples: Credit Agreement (Kansas City Southern)

The Swing Line Advances. The Swing Line Bank agrees, agrees on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Revolving Credit Borrower from time to time on any Business Day during the Availability Period period from the Effective Date until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding the lesser of (x) the Swing Line Sublimit and (y) the Swing Line Bank’s Swing Line Commitment at such time and (ii) in an amount for each such Swing Line Advance Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Revolving Credit Lenders immediately prior to the making of at such Swing Line Advance. The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Day. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advancetime. Each Swing Line Borrowing shall be in an amount of $1,000,000 or an integral multiple of $500,000 in excess thereof and, notwithstanding Section 2.10, and shall be made as a Base Rate Advance by the Swing Line BankAdvance. Within the limits of the Swing Line Sublimit Facility and within the limits referred to in clause (ii) above, the Revolving Credit Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.05(d2.04(c) or prepay pursuant to Section 2.07(a2.06(a) and reborrow under this Section 2.01(c). Immediately upon the making of a Swing Line Advance, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Bank a risk participation in such Swing Line Advance in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Advance.

Appears in 1 contract

Samples: Credit Agreement (Maguire Properties Inc)

The Swing Line Advances. The Swing Line Bank agrees, agrees on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrower from time to time on any Business Day during the Availability Period (i) in an aggregate amount not to exceed at any time outstanding the lesser of (x) the Swing Line Sublimit and (y) the Swing Line Bank’s Swing Line Commitment at such time and (ii) in an amount for each such Swing Line Advance not to exceed the Unused Revolving Credit Commitments of the Revolving Credit Lenders immediately prior to the making of such Swing Line Advance. The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Day. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be in an amount of $1,000,000 or an integral multiple of $500,000 in excess thereof and, notwithstanding Section 2.10, shall be made as a Base Rate Advance by the Swing Line Bank. Within the limits of the Swing Line Sublimit and within the limits referred to in clause (ii) above, the Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.05(d) or prepay pursuant to Section 2.07(a) and reborrow under this Section 2.01(c). Immediately upon the making of a Swing Line Advance, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Bank a risk participation in such Swing Line Advance in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Advance.

Appears in 1 contract

Samples: Credit Agreement (Neustar Inc)

The Swing Line Advances. The Swing Line Bank agrees, on Subject to the terms and conditions hereinafter set forthof this Agreement, to the Swing Line Bank may, in its sole discretion, make Swing Line Advances to the Borrower from time to time on any Business Day during the Availability Period period from the Effective Date until the Termination Date in respect of the Swing Line Facility (i) in an aggregate amount for all Swing Line Advances not to exceed at any time outstanding the lesser of (x) the Swing Line Sublimit and (y) the Swing Line Bank’s Swing Line Commitment at such time and (ii) in an amount for each such Swing Line Advance Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Revolving Credit Lenders immediately prior to the making of at such Swing Line Advance. The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Daytime. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be in an amount of $1,000,000 100,000 or an integral multiple of $500,000 100,000 in excess thereof and, notwithstanding Section 2.10, and shall be made as a bear interest at the Base Rate Advance plus the Applicable Percentage, or a rate mutually agreed by the Borrower and the Swing Line Bank. Within the limits of the Swing Line Sublimit Facility and within the limits referred to in clause (ii) above, the Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.05(d2.04(c) or prepay pursuant to Section 2.07(a2.06(a) and reborrow re-borrow under this Section 2.01(c). Immediately upon the making of a Swing Line Advance, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Bank a risk participation in such Swing Line Advance in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Advance.

Appears in 1 contract

Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc)

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The Swing Line Advances. The Swing Line Bank agrees, agrees on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Revolving Credit Borrower from time to time Xxxxxxx -- Credit Agreement (28) on any Business Day during the Availability Period period from the Effective Date until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding the lesser of (x) the Swing Line Sublimit and (y) the Swing Line Bank’s Swing Line Commitment at such time and (ii) in an amount for each such Swing Line Advance Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Revolving Credit Lenders immediately prior to the making of at such Swing Line Advance. The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Day. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advancetime. Each Swing Line Borrowing shall be in an amount of $1,000,000 or an integral multiple of $500,000 in excess thereof and, notwithstanding Section 2.10, and shall be made as a Base Rate Advance by the Swing Line BankAdvance. Within the limits of the Swing Line Sublimit Facility and within the limits referred to in clause (ii) above, the Revolving Credit Borrower may borrow under this Section 2.01(c2.01(d), repay pursuant to Section 2.05(d2.04(c) or prepay pursuant to Section 2.07(a2.06(a) and reborrow under this Section 2.01(c2.01(d). Immediately upon the making of a Swing Line Advance, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Bank a risk participation in such Swing Line Advance in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Advance.

Appears in 1 contract

Samples: Credit Agreement (Maguire Properties Inc)

The Swing Line Advances. The Swing Line Bank agrees, agrees on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrower from time to time on any Business Day during the Availability Period period from the Effective Date until the Termination Date in respect of the Swing Line Facility (i) in an aggregate amount for all Swing Line Advances not to exceed at any time outstanding the lesser of (x) the Swing Line Sublimit and (y) the Swing Line Bank’s Swing Line Commitment at such time and (ii) in an amount for each such Swing Line Advance Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Revolving Credit Lenders immediately prior to the making of at such Swing Line Advance. The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Daytime. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be in an amount of $1,000,000 100,000 or an integral multiple of $500,000 100,000 in excess thereof and, notwithstanding Section 2.10, and shall be made as a bear interest at the Base Rate Advance plus the Applicable Percentage then applicable, or a rate mutually agreed by the Borrower and the Swing Line Bank. Within the limits of the Swing Line Sublimit Facility and within the limits referred to in clause (ii) above, the Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.05(d2.04(c) or prepay pursuant to Section 2.07(a2.06(a) and reborrow under this Section 2.01(c). Immediately upon the making of a Swing Line Advance, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Bank a risk participation in such Swing Line Advance in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Advance.

Appears in 1 contract

Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc)

The Swing Line Advances. The Swing Line Bank agrees, on Subject to the terms and conditions hereinafter set forthof this Agreement, to the Swing Line Bank may, in its sole discretion, make Swing Line Advances to the Borrower from time to time on any Business Day during the Availability Period period from the Effective Date until the Termination Date in respect of the Swing Line Facility (i) in an aggregate amount for all Swing Line Advances not to exceed at any time outstanding the lesser of (x) the Swing Line Sublimit and (y) the Swing Line Bank’s Swing Line Commitment at such time and (ii) in an amount for each such Swing Line Advance Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Revolving Credit Lenders immediately prior to the making of at such Swing Line Advance. The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Daytime. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be in an amount of $1,000,000 100,000 or an integral multiple of $500,000 100,000 in excess thereof and, notwithstanding Section 2.10, and shall be made as a bear interest at the Base Rate Advance plus the Applicable Percentage, or a rate mutually agreed by the Borrower and the Swing Line Bank. Within the limits of the Swing Line Sublimit Facility and within the limits referred to in clause (ii) above, the Borrower may borrow under this Section 2.01(c2.01(b), repay pursuant to Section 2.05(d2.04(b) or prepay pursuant to Section 2.07(a2.06(a) and reborrow re-borrow under this Section 2.01(c2.01(b). Immediately upon the making of a Swing Line Advance, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Bank a risk participation in such Swing Line Advance in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Advance.

Appears in 1 contract

Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc)

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