Common use of Swing Line Loan Commitment Clause in Contracts

Swing Line Loan Commitment. From time to time on any Business Day occurring prior to the Revolving Loan Commitment Termination Date, the Swing Line Lender agrees to make loans (relative to such Lender, its “Swing Line Loans”) to the Borrowers equal to the aggregate amount of the Borrowing of the Swing Line Loans requested by either Borrowers to be made on such day. The commitment of the Swing Line Lender described in this Section is herein referred to as its “Swing Line Loan Commitment”. On the terms and subject to the conditions hereof, the Borrowers may from time to time borrow, prepay and reborrow Swing Line Loans.

Appears in 2 contracts

Sources: Credit Agreement (Applied Medical Corp), Credit Agreement (Applied Medical Corp)

Swing Line Loan Commitment. From time to time on any Business Day occurring prior to the Revolving Loan Commitment Termination Date, the Swing Line Lender agrees to make loans (relative to such Lender, its “Swing Line Loans”) to the Borrowers Borrower equal to the aggregate amount of the Borrowing of the Swing Line Loans requested by either Borrowers the Borrower to be made on such day. The commitment of the Swing Line Lender described in this Section 2.1.3 is herein referred to as its “Swing Line Loan Commitment”. .” On the terms and subject to the conditions hereof, the Borrowers Borrower may from time to time borrow, prepay and reborrow Swing Line Loans.

Appears in 1 contract

Sources: Credit Agreement (Lannett Co Inc)