Common use of Swing Loan Note Clause in Contracts

Swing Loan Note. See §2.5(b). Taking. The taking or appropriation (including by deed in lieu of condemnation) of any Collateral Property, or any part thereof or interest therein, whether permanently or temporarily, for public or quasi-public use under the power of eminent domain, by reason of any public improvement or condemnation proceeding, or in any other manner or any customarily recognized and compensated damage or injury or diminution in value through condemnation, inverse condemnation or other exercise of the power of eminent domain. Tangible Net Worth. Gross Asset Value minus all Indebtedness.