Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date.
Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Xxxxxx’s Pro Rata Share of the Swing Loans on such date.
Swing Loan Exposure means, at any time, the aggregate principal amount of all Swing Loans outstanding at such time. The Swing Loan Exposure of any Lender at any time shall be its Pro Rata Share of the total Swing Loan Exposure at such time.
Examples of Swing Loan Exposure in a sentence
For purposes of calculating usage under this Section, the Revolving Commitment of each Bank shall be deemed used to the extent of the Revolving Credit Exposure, except that the Swing Loan Exposure shall not be taken into account for such purpose.
Solely for purposes of calculating the fee under this Section 2.05(a), the Revolving Credit Commitments shall be deemed not to be utilized by the amount of the Swing Loan Exposure.
More Definitions of Swing Loan Exposure
Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Lender’s Floorplan Swing Loan Exposure and/or Revolver Swing Loan Exposure, as applicable.
Swing Loan Exposure has the meaning specified in the definition of “Revolving Credit Exposure” in this Agreement.
Swing Loan Exposure means the US Swing Exposure and/or the Canadian Swing Exposure, as the context requires.
Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date. “Tax Lender” has the meaning specified therefor in Section 14.2(a) of this Agreement. “Taxes” means any taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature now or hereafter imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein, and all interest, penalties or similar liabilities with respect thereto. “Term Loan” has the meaning specified therefor in Section 2.2 of this Agreement. “Term Loan Amount” means $15,000,000. “Term Loan Base Rate Margin” has the meaning set forth in the definition of Applicable Margin. “Term Loan Borrowing Base” means the result of (a) the lesser of (i) the Term Loan Maximum Amount, and (ii) 25% of the FMV of Eligible IP identified in the most recent Acceptable Appraisal of Eligible IP, minus (b) the aggregate amount of Reserves, if any, established by Agent from time to time under Section 2.1(c) of this Agreement. “Term Loan Commitment” means, with respect to each Lender, its Term Loan Commitment, and, with respect to all Lenders, their Term Loan Commitments, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 to this Agreement or in the Assignment and Acceptance pursuant to which such Lender became a Lender Term under this Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of this Agreement. “Term Loan Exposure” means, with respect to any Term Loan Lender, as of any date of determination (a) prior to the funding of the Term Loan, the amount of such Lender’s Term Loan Commitment, and (b) after the funding of the Term Loan, the outstanding principal amount of the Term Loan held by such Lender. “Term Loan Lender” means a Lender that has a Term Loan Commitment or that has a portion of the Term Loan. 51 125672876_9
Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Xxxxxx's Pro Rata Share of the Swing Loans on such date. "Tax Lender" has the meaning specified therefor in Section 14.2(a) of this Agreement. "Taxes" means any taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature now or hereafter imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein, and all interest, penalties or similar liabilities with respect thereto. "Term SOFR" means, for any calculation, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the "Term SOFR Determination Day") that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Term SOFR Determination Day. "Term SOFR Adjustment" means a percentage equal to 0.10% per annum. "Term SOFR Administrator" means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by Agent in its reasonable discretion). "Term SOFR Deadline" has the meaning specified therefor in Section 2.12(b)(i) of this Agreement. "Term SOFR Determination Day" has the meaning specified therefor in the definition of Adjusted Term SOFR. "Term SOFR Loan" means each portion of the Revolving Loans that bears interest at a rate determined by reference to Adjusted Term SOFR. "Term SOFR Notice" means a written notice in the form of Exhibit S-1 to this Agreement. "Term SOFR Option" has the meaning specified therefor in Section 2.12(a) of this Agreement. "Term SOFR Reference Rate" means the forward-looking term rate based on SOFR. "Trademark Security Agreemen...
Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Xxxxxx’s Pro Rata Share of the Swing Loans on such date. “Swing Loan Notice” means a notice of a Swing Loan Borrowing pursuant to Section 2.3(b), which, if in writing, shall be substantially in the form of Exhibit F. “Swing Loan Sublimit” means $6,500,000. The Swing Loan Sublimit is a sublimit of the Revolver Commitments. “Syndication Agent” has the meaning specified therefor in the Preamble of the Agreement. “Tax Group” has the meaning specified therefor in Section 6.7(a)(vii)(A) of the Agreement. “Tax Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement.
Swing Loan Exposure means the US Swing Loan Exposure and/or the German Swing Loan Exposure, as the context requires.