Swingline Agent definition
Examples of Swingline Agent in a sentence
Dollar Swingline Agent shall promptly notify the relevant Swingline Lenders and the Company of the determination of the rate of interest under this Agreement in relation to a U.S. Dollar Swingline Loan.
For the avoidance of doubt, the documentation which a Lender executes on becoming a Party as a Lender shall not be invalidated by any failure of a Lender to comply with this Clause 14.6. Each Lender will notify the Facility Agent and each Swingline Agent if it ceases, other than as a result of a change in law, to be a Qualifying Lender (and the Facility Agent and each Swingline Agent, upon receipt of such notification, shall inform the Company).
On each day on which there is an Outstanding Facility Amount, the Company shall deliver (or shall ensure that the Collateral Monitor delivers) to the Facility Agent and the Security Agent (and, if applicable, the relevant Swingline Agent) a Collateral Report in accordance with paragraph 8 (Collateral Reports) of Part I of Schedule 6 (Borrowing Base).
If before the applicable Specified Time, a Lender notifies the Facility Agent, or in the case of a Swingline Loan, the relevant Swingline Agent that compliance with its obligation to participate in a Loan in the proposed Optional Currency would contravene a law or regulation applicable to it, the Facility Agent, or in the case of a Swingline Loan, the relevant Swingline Agent will give notice to the Company to that effect by the applicable Specified Time.