Common use of Disbursement of Swing Line Advances Clause in Contracts

Disbursement of Swing Line Advances. Subject to submission of an executed Request for Swing Line Advance by Company without exceptions noted in the compliance certification therein and to the other terms and conditions hereof, Swing Line Bank shall make available to Company the amount so requested, in same day funds, not later than 4:00 p.m. (Detroit time) on the date of such Swing Line Advance by credit to an account of Company maintained with Swing Line Bank or to such other account or third party as Company may reasonably direct. Swing Line Bank shall promptly notify Agent of any Swing Line Advance by telephone, telex or telecopier.

Appears in 10 contracts

Sources: Credit Agreement (Valassis Communications Inc), Credit Agreement (Mce Companies Inc), Revolving Credit Agreement (Alrenco Inc)

Disbursement of Swing Line Advances. Subject to submission of an executed Request for Swing Line Advance by the Company without exceptions noted in the compliance certification therein and to the other terms and conditions hereoftherein, Swing Line Bank shall make available to the Company the amount so requested, in same day fundslike funds and currencies, not later than 4:00 p.m. (Detroit time) on the date of such Swing Line Advance by credit to an account of the Company maintained with Swing Line Bank Agent or to such other account or third party as the Company may reasonably directdirect in writing. Swing Line Bank shall promptly notify Agent of any Swing Line Advance by telephone, telex or telecopier.

Appears in 7 contracts

Sources: Credit Agreement (Olympic Steel Inc), Credit Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Credit Agreement (Quantum Fuel Systems Technologies Worldwide Inc)

Disbursement of Swing Line Advances. Subject to submission of an executed Request for Swing Line Advance by the Company without exceptions noted in the compliance certification therein and to the other terms and conditions hereoftherein, Swing Line Bank shall make available to the Company the amount so requested, in same day fundslike funds and currencies, not later than 4:00 p.m. (Detroit time) on the date of such Swing Line Advance by credit to an account of the Company maintained with Swing Line Bank Administrative Agent or to such other account or third party as the Company may reasonably directdirect in writing. Swing Line Bank shall promptly notify Administrative Agent of any Swing Line Advance by telephone, telex or telecopier.

Appears in 2 contracts

Sources: Credit Agreement (Aspect Communications Corp), Credit Agreement (Aspect Communications Corp)

Disbursement of Swing Line Advances. Subject to submission of an executed Request for Swing Line Advance by Company without exceptions noted in the compliance certification therein and to the other terms and conditions hereof, Swing Line Bank shall shall, at its option, make available to Company the amount so requested, in same day funds, requested not later than 4:00 p.m. (Detroit time) on the date of such Swing Line Advance by credit to an account of Company maintained with Swing Line Bank Agent or to such other account or third party as Company may reasonably direct, provided such direction is timely given. Swing Line Bank shall promptly notify Agent of any Swing Line Advance by telephone, telex or telecopier.

Appears in 2 contracts

Sources: Credit Agreement (Credit Acceptance Corp), Credit Agreement (Credit Acceptance Corp)