Swing Line Availability definition

Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).
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Swing Line Availability means the lesser of (a) the Swing Line Commitment Amount and (b) Revolving Loan Availability (less Revolving Outstandings at such time).
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Swing Line Availability means, at any time, the lesser of (a) $50,000,000, or (b) the difference between (i) the Availability at such time and (ii) the sum of the Outstanding Amount of all Loans and the Outstanding Amount of all L/C Obligations at such time.
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Examples of Swing Line Availability in a sentence

  • The aggregate amount of Swing Line Loans outstanding shall not exceed at any time Swing Line Availability.

  • Faults that did not contain a recognised MDF Site ID (Exchange location) were also excluded, as they could not be attributed to a SOM or GM area for the High-Level MBORC flag.

  • The aggregate amount of Swing Line Advances outstanding shall not exceed at any time the lesser of (A) the Swing Line Commitment and (B) the lesser of the Maximum Amount and the Borrowing Base, in each case, less the outstanding balance of the Revolving Loan at such time ("Swing Line Availability").

  • After giving effect to any Swing Line Advance, the outstanding principal amount of the Swing Line Loan would exceed Swing Line Availability.

  • The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the applicable repayment date specified in the Swing Line Cash Management Agreement, if any, and/or this Agreement, (ii) the end of the Swing Line Availability Period and (iii) the Maturity Date for the Revolving Credit Facility.


More Definitions of Swing Line Availability

Swing Line Availability means, as of any date of determination, the lesser of (a) the Swing Line Commitment Amount on such date and (b) Excess Availability on such date.
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Swing Line Availability has the meaning assigned to it in SECTION 1.1(c)(i).
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Swing Line Availability means, as of any date of determination, the least of (a) the Swing Line Commitment, (b) the Maximum Amount minus the aggregate Revolving Loan then outstanding and (c) an amount equal to (i) the U.S. Borrowing Base as of such date minus (ii) the aggregate outstanding principal balance of the Revolving Credit Advances made to the U.S. Borrowers as of such date minus (iii) the Dollar Equivalent of the aggregate Letter of Credit Obligations incurred on behalf of the U.S. Borrowers as of such date.
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Swing Line Availability means the lesser of (a) the Swing Line Commitment Amount and (b) the amount by which the Revolving Loan Availability exceeds Revolving Outstandings at such time.
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Swing Line Availability has the meaning assigned to it in Section ----------------------- ------- 1.1(b)(i). ---------
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Swing Line Availability means, as of any date of determination, an amount equal to the lesser of (i) Funding Availability as of the end of the immediately preceding day and (ii) the difference between (A) the Swing Line Commitment as of such date and (B) the Outstanding Principal Amount of the Swing Line Loan as of the end of the immediately preceding day.
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Swing Line Availability is defined in Section 2.1(b)(i) hereof.
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