Common use of Swing Line Borrowings Clause in Contracts

Swing Line Borrowings. In addition to borrowings pursuant to Section 2.1(a) or Section 2.22, Borrower may request each Lender severally to submit offers to make advances to Borrower on any Business Day (unless Borrower and Administrative Agent agree otherwise and notify Lenders) during the Loan Commitment Period as provided in Sections 2.5 and 2.6 (herein called "Swing Line Advances"); provided, however, that (a) each Lender may, but shall have no obligation to, submit such offers and Borrower may, but shall have no obligation to, accept any such offers, (b) at no time shall the outstanding aggregate principal amount of all Swing Line Advances made by all Lenders under this Agreement plus all "Swing Line Advances" (as defined in the 364 Day Facility), if any, outstanding under the 364 Day Facility exceed $50,000,000, and (c) at no time shall the sum of (1) the outstanding aggregate principal amount of all Swing Line Advances made by all Lenders to Borrower, (2) the outstanding aggregate principal amount of the Revolving Loans, (3) the outstanding aggregate principal amount of LC Obligations and (4) the outstanding aggregate principal amount of all Competitive Bid Advances, exceed the Facility Amount.

Swing Line Borrowings. In addition to borrowings pursuant to Section 2.1(a) or Section 2.22, Borrower may request each Lender severally to submit offers to make advances to Borrower on any Business Day (unless Borrower and Administrative Agent agree otherwise and notify Lenders) during the Loan Commitment Period as provided in Sections 2.5 and 2.6 (herein called "Swing Line Advances"); provided, however, that (a) each Lender may, but shall have no obligation to, submit such offers and Borrower may, but shall have no obligation to, accept any such offers, (b) at no time shall the outstanding aggregate principal amount of all Swing Line Advances made by all Lenders under this Agreement plus all "Swing Line Advances" (as defined in the 364 Day Primary Facility), if any, outstanding under the 364 Day Primary Facility exceed $50,000,000, and (c) at no time shall the sum of (1) the outstanding aggregate principal amount of all Swing Line Advances made by all Lenders to Borrower, (2) the outstanding aggregate principal amount of the Revolving Loans, and (3) the outstanding aggregate principal amount of LC Obligations and (4) the outstanding aggregate principal amount of all Competitive Bid Advances, exceed the Facility Amount.