Swing Line Commitment. Subject to the terms and conditions hereof, the Swing Line Lender agrees to make available to each Borrower a portion of the credit otherwise available under the Commitments from time to time during the Commitment Period by making swing line loans (“Swing Line Loans”) to such Borrower in an aggregate principal amount not to exceed at any one time outstanding the Swing Line Commitment; provided, however, that the Swing Line Loans outstanding at any time, when aggregated with the Swing Line Lender’s other outstanding Revolving Credit Loans hereunder, may not exceed the Swing Line Lender’s Commitment then in effect; and provided further, however, that on the date of the making of any Swing Line Loan and while any Swing Line Loan is outstanding, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b)). During the Commitment Period applicable to each Borrower, such Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.
Appears in 3 contracts
Sources: Credit Agreement (T. Rowe Price Credit Opportunities Fund, Inc.), Credit Agreement (T. Rowe Price Multi-Sector Account Portfolios, Inc.), Credit Agreement (T. Rowe Price Multi-Sector Account Portfolios, Inc.)
Swing Line Commitment. Subject to the terms and conditions hereof, Chase (in such capacity, the "Swing Line Lender Lender") agrees to make available to each Borrower the Borrowers a portion of the credit otherwise available under the Commitments from time to time during the Commitment Period by making swing line loans (“"Swing Line Loans”") to such Borrower the Borrowers in an aggregate principal amount not to exceed at any one time outstanding the Swing Line Commitment; provided, however, Commitment (notwithstanding that the Swing Line Loans outstanding at any time, when aggregated with the Swing Line Lender’s 's other outstanding Revolving Credit Loans hereunder, may not exceed the Swing Line Lender’s 's Commitment then in effect); and provided furtherprovided, however, that on the date of the making of any Swing Line Loan and while any such Swing Line Loan is Loans are outstanding, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b))Commitments. During the Commitment Period applicable to each the Borrower, such the Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowingreborrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.
Appears in 2 contracts
Sources: Credit Agreement (American Century Government Income Trust), Credit Agreement (American Century California Tax Free & Municipal Funds)
Swing Line Commitment. Subject to the terms and conditions hereof, Bank of America (in such capacity, the Swing Line Lender "SWING LINE LENDER") agrees to make available to each Borrower a portion of the credit otherwise available under the Commitments from time to time during the Commitment Period by making swing line loans (“Swing Line "SWING LINE Loans”") to such Borrower in an aggregate principal amount not to exceed at any one time outstanding the Swing Line Commitment; provided, however, that Commitment (PROVIDED THAT the Swing Line Loans outstanding at any time, when aggregated with the Swing Line Lender’s 's other outstanding Revolving Credit Loans hereunder, may shall not exceed the Swing Line Lender’s 's Commitment then in effect); and provided furtherPROVIDED FURTHER THAT, however, that on the date of the making of any Swing Line Loan and while any Swing Line Loan is outstandingLoan, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b))Commitments. During the Commitment Period applicable to each Borrower, such Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowingreborrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.
Appears in 2 contracts
Sources: Credit Agreement (American Century California Tax Free & Municipal Funds), Credit Agreement (American Century Target Maturities Trust)
Swing Line Commitment. A/72335952.4 12 Subject to the terms and conditions hereof, Bank of America (in such capacity, the Swing Line Lender agrees "SWING LINE LENDER") agrees, in reliance upon the agreements of the other Banks set forth in Section 2.14 hereof, to make available to each Borrower a portion of the credit otherwise available under the Commitments from time to time during the Commitment Period by making swing line loans (“Swing Line Loans”"SWING LINE LOANS") to such Borrower in an aggregate principal amount not to exceed at any one time outstanding the Swing Line Commitment; provided, however, that Commitment (PROVIDED THAT the Swing Line Loans outstanding at any time, when aggregated with the Swing Line Lender’s 's other outstanding Revolving Credit Loans hereunder, may shall not exceed the Swing Line Lender’s 's Commitment then in effect); and provided furtherPROVIDED FURTHER THAT, however, that on the date of the making of any Swing Line Loan and while any Swing Line Loan is outstandingLoan, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b))Aggregate Commitment. During the Commitment Period applicable to each Borrower, such Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowingreborrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.
Appears in 1 contract
Sources: Credit Agreement (American Century California Tax Free & Municipal Funds)
Swing Line Commitment. (a) Subject to the terms and conditions hereof, the Swing Line Lender agrees to make available to each Borrower a portion of the credit otherwise available to the Borrower under the Adjusted Revolving Credit Commitments from time to time during the Revolving Credit Commitment Period by making swing line loans (“"Swing Line Loans”") to such Borrower in an the Borrower; provided that (i) the aggregate principal amount not to exceed of Swing Line Loans outstanding at any one time outstanding shall not exceed the Swing Line Commitment; provided, however, Commitment then in effect (notwithstanding that the Swing Line Loans outstanding at any time, when aggregated with the Swing Line Lender’s 's other outstanding Revolving Credit Loans hereunder, may not exceed the Swing Line Commitment or the Swing Line Lender’s 's Adjusted Revolving Credit Commitment then in effect; ) and provided further(ii) the Borrower shall not request, howeverand the Swing Line Lender shall not make, that on the date of the making of any Swing Line Loan and while any Swing Line Loan is outstanding, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b)). During the Commitment Period applicable to each Borrower, such Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.Loan
Appears in 1 contract
Swing Line Commitment. Subject to the terms and conditions hereof, Bank of America (in such capacity, the "Swing Line Lender Lender") agrees to make available to each Borrower a portion of the credit otherwise available under the Commitments from time to time during the Commitment Period by making swing line loans (“"Swing Line Loans”") to such Borrower in an aggregate principal amount not to exceed at any one time outstanding the Swing Line Commitment; provided, however, Commitment (provided that the Swing Line Loans outstanding at any time, when aggregated with the Swing Line Lender’s 's other outstanding Revolving Credit Loans hereunder, may shall not exceed the Swing Line Lender’s 's Commitment then in effect); and provided further, howeverfurther that, that on the date of the making of any Swing Line Loan and while any Swing Line Loan is outstandingLoan, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b))Commitments. During the Commitment Period applicable to each Borrower, such Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowingreborrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan ."
(h) A new Section 2.15 of the New Credit Agreement shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.read in its entirety as follows:
Appears in 1 contract
Sources: Termination, Replacement and Restatement Agreement (American Century Variable Portfolios Ii Inc)
Swing Line Commitment. Subject to the terms and conditions hereof, the Swing Line Lender agrees to make available to each Borrower a portion of the credit otherwise available under the Commitments from time to time during the Commitment Period by making swing line loans (“"Swing Line Loans”") to such Borrower in an aggregate principal amount not to exceed at any one time outstanding the Swing Line Commitment; provided, however, that the Swing Line Loans outstanding at any time, when aggregated with the Swing Line Lender’s 's other outstanding Revolving Credit Loans hereunder, may not exceed the Swing Line Lender’s 's Commitment then in effect; and provided further, however, that on the date of the making of any Swing Line Loan and while any Swing Line Loan is outstanding, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b)). During the Commitment Period applicable to each Borrower, such Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowingreborrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.
Appears in 1 contract
Sources: Credit Agreement (Korea Fund Inc)
Swing Line Commitment. Subject to the terms and conditions hereof, the each Swing Line Lender agrees to make available to each Borrower a portion of the credit otherwise available under the Commitments from time to time during the Commitment Period by making swing line loans (“Swing Line Loans”) to such Borrower in an aggregate principal amount not to exceed at any one time outstanding the such Swing Line Lender’s Swing Line Commitment; provided, however, that the Swing Line Loans outstanding at any time, when aggregated with the such Swing Line Lender’s other outstanding Revolving Credit Loans hereunder, may not exceed the Swing Line Lender’s Commitment then in effect; and provided further, however, that on the date of the making of any Swing Line Loan and while any Swing Line Loan is outstanding, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b)). During the Commitment Period applicable to each Borrower, such Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.funding
Appears in 1 contract
Sources: Termination, Replacement and Restatement Agreement (Columbia Funds Series Trust I)
Swing Line Commitment. Subject to the terms and conditions hereof, the Swing Line Lender agrees to make available to each Borrower a portion of the credit otherwise available under the Commitments from time to time during the Commitment Period by making swing line loans (“"Swing Line Loans”") to such Borrower in an aggregate principal amount not to exceed at any one time outstanding the Swing Line Commitment; Commitment (provided, however, that notwithstanding the foregoing the Swing Line Loans made by the Swing Line Lender outstanding at any time, when aggregated with the Swing Line Lender’s 's other outstanding Revolving Credit Loans hereunder, may not exceed the Swing Line Lender’s 's Commitment then in effect); and provided provided, further, however, that on the date of the making of any Swing Line Loan and while any Swing Line Loan is outstandingLoan, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b)). During the Commitment Period applicable to each Borrower, such Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowingreborrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.
Appears in 1 contract
Sources: Credit Agreement (Firstar Funds Inc)
Swing Line Commitment. Subject to the terms and conditions hereof, the Swing Line Lender agrees to make available to each Borrower a portion of the credit otherwise available under the Commitments from time to time during the Commitment Period by making swing line loans (“Swing Line Loans”) to such Borrower in an aggregate principal amount not to exceed at any one time outstanding the Swing Line Commitment; provided, however, that the Swing Line Loans outstanding at any time, when aggregated with the Swing Line Lender’s other outstanding Revolving Credit Loans hereunder, may not exceed the Swing Line Lender’s Commitment then in effect; and provided further, however, that on the date of the making of any Swing Line Loan and while any Swing Line Loan is outstanding, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b)). During the Commitment Period applicable to each Borrower, such Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowingreborrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.
Appears in 1 contract
Swing Line Commitment. Subject to the terms and conditions hereof, Chemical (in such capacity, the Swing Line Lender "SWING LINE LENDER") agrees to make available to each Borrower a portion of the credit otherwise Revolving Credit Commitments available under to the Commitments from time to time Borrower during the Revolving Credit Commitment Period by making swing line loans (“Swing Line Loans”"SWING LINE LOANS") to such the Borrower in an aggregate principal amount not to exceed at any one time outstanding the Swing Line Commitment; provided, however, PROVIDED that (a) the aggregate principal amount of Swing Line Loans outstanding at any time, when aggregated with the Swing Line Lender’s other outstanding Revolving Credit Loans hereunder, may time shall not exceed the Swing Line Lender’s Commitment then in effect; effect and provided further(b) the Borrower shall not request, howeverand the Swing Line Lender shall not make, that on the date of the making of any Swing Line Loan and while any if, after giving effect to the making of such Swing Line Loan is outstandingLoan, the sum of the aggregate principal amount Aggregate Revolving Credit Outstandings of all outstanding the Lenders would exceed the Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b))at such time. During the Revolving Credit Commitment Period applicable to each BorrowerPeriod, such the Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowingreborrowing, Swing Line Loans all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable MarginLoans may be ABR Loans only.
Appears in 1 contract
Sources: Credit and Guarantee Agreement (Warren S D Co /Pa/)