Payments Directly to Swingline Lender Clause Samples
The "Payments Directly to Swingline Lender" clause requires that all payments related to swingline loans be made directly to the swingline lender, rather than through an administrative agent or other intermediary. In practice, this means that borrowers must remit principal and interest payments for swingline advances straight to the swingline lender’s designated account, ensuring prompt receipt and processing. This clause streamlines the payment process, reduces administrative delays, and ensures the swingline lender is promptly repaid, thereby minimizing credit risk and maintaining liquidity for short-term borrowing needs.
Payments Directly to Swingline Lender. The Borrower shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender.
Payments Directly to Swingline Lender. The applicable Borrower Party shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender.
Payments Directly to Swingline Lender. The US Borrower shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender.
Payments Directly to Swingline Lender. The US Borrower shall make all payments of principal and interest in respect of the US Swingline Advances directly to the US Swingline Lender. The Canadian Borrower shall make all payments of principal and interest in respect of the Canadian Swingline Advances directly to the Canadian Swingline Lender.
Payments Directly to Swingline Lender. The applicable North American Borrower shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender.
Payments Directly to Swingline Lender. ODEC shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender.
Payments Directly to Swingline Lender. The Borrower shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender. All Swingline Loans outstanding under the 2011 Credit Agreement on the Amendment Effective Date shall remain outstanding under the Revolving Facility consisting of the Extended Maturity Revolving Facility Commitments on the terms set forth herein.
Payments Directly to Swingline Lender. The Borrower shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
Payments Directly to Swingline Lender. The applicable North American Borrower shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender. REPRESENTATIONS AND WARRANTIES On the dates and to the extent required pursuant to the Second Amendment, the Third Amendment, any Incremental Revolving Facility Amendment, or Section 4.02, as applicable, each of (i) in the case of Holdings, solely with respect to Sections 3.01, 3.02, 3.03, 3.07, 3.08, 3.09, 3.13, 3.14, 3.16 and 3.17, and (ii) each of the Borrowers (as to itself and to the extent applicable, any Restricted Subsidiaries or Loan Parties that are subsidiaries of such Borrower) hereby represents and warrants to the Lenders that:
Payments Directly to Swingline Lender. Anything in this Agreement to the contrary notwithstanding, Borrower shall make all payments of principal and interest in respect of the Swingline Advances directly to Swingline Lender.”