Common use of Making of Swing Loans Clause in Contracts

Making of Swing Loans. In the case of a request for an Advance and so long as either (i) the aggregate amount of Swing Loans made since the last Settlement Date, minus the amount of Collections or payments applied to Swing Loans since the last Settlement Date, plus the amount of the requested Advance does not exceed $5,000,000, or (ii) Swing Lender, in its sole discretion, shall agree to make a Swing Loan notwithstanding the foregoing limitation, Swing Lender shall make an Advance in the amount of such Borrowing (any such Advance made solely by Swing Lender pursuant to this Section 2.3(b) being referred to as a “Swing Loan” and such Advances being referred to collectively as “Swing Loans”) available to Borrower on the Funding Date applicable thereto by transferring immediately available funds to Borrower’s

Appears in 1 contract

Sources: Credit Agreement (Landrys Restaurants Inc)

Making of Swing Loans. In the case of a request for an Advance and so long as either (i) the aggregate amount of Swing Loans made since the last Settlement Date, minus the amount of Collections or payments applied to Swing Loans since the last Settlement Date, plus the amount of the requested Advance does not exceed $5,000,000, or (ii) Swing Lender, in its sole discretion, shall agree to make a Swing Loan notwithstanding the foregoing limitation, Swing Lender shall make an Advance in the amount of such Borrowing (any such Advance made solely by Swing Lender pursuant to this Section 2.3(bSECTION 2.3(B) being referred to as a “Swing Loan” "SWING LOAN" and such Advances being referred to collectively as “Swing Loans”"SWING LOANS") available to Borrower on the Funding Date applicable thereto by transferring immediately available funds to Borrower’s's

Appears in 1 contract

Sources: Credit Agreement (Perkins & Marie Callender's Inc)

Making of Swing Loans. In the case of a request for an Advance a Revolving Loan and so long as either (i) the aggregate amount of Swing Loans made since the last Settlement Date, minus the amount of Collections or payments applied to Swing Loans since the last Settlement Date, plus the amount of the requested Advance Revolving Loans does not exceed $5,000,0009,000,000, or (ii) Swing Lender, in its sole discretion, shall agree to make a Swing Loan notwithstanding the foregoing limitation, Swing Lender shall make an Advance Revolving Loans in the amount of such Borrowing borrowing (any such Advance advance made solely by Swing Lender pursuant to this Section 2.3(b2.2(b) being referred to as a "Swing Loan" and such Advances advances being referred to collectively as "Swing Loans") available to Borrower on the Funding Date requested funding date applicable thereto by transferring immediately available funds to Borrower’stransferring

Appears in 1 contract

Sources: Loan and Security Agreement (Icts International N V)