Common use of Swing Line Loans and Swing Line Overdraft Loans Clause in Contracts

Swing Line Loans and Swing Line Overdraft Loans. Subject to the provisions of paragraph (f) below and the provisions of Section 5.3, each Swing Line Loan and each Swing Line Overdraft Loan shall bear interest at the lesser of (i) the Quoted Rate and (ii) the Highest Lawful Rate. Swing Line Loans used to finance Used Motor Vehicles or Program Cars are referred to herein as “Used Vehicle Swing Line Loans” and Swing Line Loans used to finance all other Motor Vehicles are referred to herein as “New Vehicle Swing Line Loans”.

Swing Line Loans and Swing Line Overdraft Loans. Subject to the provisions of paragraph (f) below and the provisions of Section 5.3, each Swing Line Loan and each Swing Line Overdraft Loan shall bear interest at the lesser of (i) the Quoted Rate and (ii) the Highest Lawful Rate. Swing Line Loans used to finance Used Motor Vehicles or Program Cars are referred to herein as “Used Vehicle Swing Line Loans” and Swing Line Loans used to finance all other Motor Vehicles are referred to herein as “New Vehicle Swing Line Loans”.