Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

Swing Loan has the meaning specified in Section 2.3 (Swing Loans).

Swing Loan and “Swing Loans” each is defined in Section 1.7 hereof.

Examples of Swing Loan in a sentence

Swing Lender shall not otherwise be required to determine whether the applicable conditions precedent set forth in Section 3 have been satisfied on the Funding Date applicable thereto prior to making any Swing Loan.
Subject to the provisions of Section 2.3(d)(ii), Swing Lender shall not make and shall not be obligated to make any Swing Loan if Swing Lender has actual knowledge that (i) one or more of the applicable conditions precedent set forth in Section 3 will not be satisfied on the requested Funding Date for the applicable Borrowing, or (ii) the requested Borrowing would exceed the Availability on such Funding Date.
Unless otherwise agreed by Agent and Borrowers, any Revolving Loan or Swing Loan requested by Borrowers and made by Agent or the Lenders hereunder shall be made to the Designated Account.
Each Swing Loan shall be deemed to be a Revolving Loan hereunder and shall be subject to all the terms and conditions (including Section 3) applicable to other Revolving Loans, except that all payments (including interest) on any Swing Loan shall be payable to Swing Lender solely for its own account.
The Commitments of each Lender hereunder and the obligation of each Lender to make Loans, acquire and fund Swing Loan Participations, and LC Participations, as the case may be, are several and not joint obligations.

More Definitions of Swing Loan

Swing Loan has the meaning set forth in Section 2.3(d)(i).

Swing Loan means a Loan made by the Swing Lender pursuant to Section 2.1(b).

Swing Loan means a loan granted to the Borrower by the Swing Line Lenders under the Swing Line.

Swing Loan means separately all Swing Loans or any Swing Loan made by the Swingline Lender to the Borrower pursuant to Section 2.6.3 [Making Swing Loans].

Swing Loan means a Loan made by Wachovia pursuant to Section 2.01(b), which must be a Base Rate Loan or a Transaction Rate Loan.

Swing Loan has the meaning specified in Section 2.8.