Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 or (ii) the Aggregate Initial Revolving Loans Exposure exceeding the total Closing Date Revolving Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 10 contracts
Sources: Credit Agreement (McGraw Hill, Inc.), Credit Agreement (McGraw Hill, Inc.), Credit Agreement (McGraw Hill, Inc.)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to Borrower the U.S. Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 25,000,000 or (ii) the Aggregate Initial U.S. Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving CommitmentsU.S. Line Cap; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower the applicable Borrowers may borrow, repay and reborrow Swingline Loans.
Appears in 8 contracts
Sources: Revolving Credit Agreement (McGraw Hill, Inc.), Revolving Credit Agreement (McGraw Hill, Inc.), Revolving Credit Agreement (McGraw Hill, Inc.)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower the Borrower, from time to time during from the Closing Date to the Revolving Availability PeriodCommitment Termination Date, in an aggregate principal amount outstanding at any time outstanding that will not result in to exceed the lesser of (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 or Commitment then in effect and (ii) the difference between the Aggregate Initial Revolving Loans Exposure exceeding Commitments and the total Closing Date aggregate Revolving CommitmentsCredit Exposures of all Lenders; provided provided, that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject The Borrower shall be entitled to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline LoansLoans in accordance with the terms and conditions of this Agreement.
Appears in 7 contracts
Sources: Revolving Credit Agreement (Deltic Timber Corp), Revolving Credit Agreement (Deltic Timber Corp), Revolving Credit Agreement (Deltic Timber Corp)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 20.0 million or (ii) the Aggregate Initial sum of the total Revolving Loans Exposure Exposures exceeding the lesser of (A) the total Closing Date Revolving CommitmentsCommitments minus any Reinvestment Reserve and (B) the Borrowing Base then in effect; provided provided, that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 6 contracts
Sources: Credit Agreement (General Cable Corp /De/), Credit Agreement (General Cable Corp /De/), Credit Agreement (General Cable Corp /De/)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to Borrower the Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 15,000,000 or (ii) the Aggregate Initial Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitmentslesser of (A) the Aggregate Commitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower the Borrowers may borrow, repay and reborrow Swingline Loans.
Appears in 4 contracts
Sources: Revolving Credit Agreement (VERRA MOBILITY Corp), Revolving Credit Agreement (VERRA MOBILITY Corp), Revolving Credit Agreement (VERRA MOBILITY Corp)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 or (ii) the Aggregate Initial Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Aggregate Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 2 contracts
Sources: Credit Agreement (McGraw Hill, Inc.), Credit Agreement (McGraw Hill, Inc.)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 or 15 million and provided that after making a Swingline Loan, the sum of the total Revolving Exposures shall not exceed the lesser of (iiA) the Aggregate Initial total Revolving Loans Exposure exceeding Commitments and (B) the total Closing Date Revolving CommitmentsBorrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower Borrowers may borrow, repay and reborrow Swingline Loans.
Appears in 2 contracts
Sources: Credit Agreement (Bearingpoint Inc), Credit Agreement (Bearingpoint Inc)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 or (ii) the Aggregate Initial Revolving Loans Exposure ExposureExposures exceeding the total Closing Date Revolving RevolvingAggregate Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 2 contracts
Sources: Credit Agreement (McGraw Hill, Inc.), Credit Agreement (McGraw Hill, Inc.)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to the Borrower in Dollars from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 75,000,000 or (ii) the Aggregate Initial Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitmentslesser of (A) the Aggregate Commitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Custom Truck One Source, Inc.), Revolving Credit Agreement (Custom Truck One Source, Inc.)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 or 20.0 million, and provided that after making a Swingline Loan, the sum of the total Revolving Exposures shall not exceed the lesser of (iiA) the Aggregate Initial total Revolving Loans Exposure exceeding Commitments and (B) the total Closing Date Revolving CommitmentsBorrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower Borrowers may borrow, repay and reborrow Swingline Loans.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Lenox Group Inc), Revolving Credit Agreement (Department 56 Inc)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender mayagrees, but shall not be obligated toin reliance upon the agreements of the other Lenders set forth in this Section 2.17 and in its discretion, to make Swingline Loans to Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 5,000,000 or (ii) the Aggregate Initial sum of the total Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitments; provided that the Swingline Lender Borrower shall not be required to make a use the proceeds of any Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 2 contracts
Sources: Credit Agreement (CPI International Holding Corp.), Credit Agreement (CPI International, Inc.)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower the Borrower, from time to time during from the Revolving Availability PeriodClosing Date to the Swingline Termination Date, in an aggregate principal amount outstanding at any time outstanding that will not result in to exceed the lesser of (ia) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 or Commitment then in effect and (iib) the difference between the Aggregate Initial Revolving Loans Exposure exceeding Commitments and the total Closing Date sum of the aggregate Revolving CommitmentsCredit Exposures of all Lenders; provided provided, that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject The Borrower shall be entitled to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline LoansLoans in accordance with the terms and conditions of this Agreement.
Appears in 1 contract
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower the Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 25 million or (ii) the Aggregate Initial sum of the total Revolving Loans Exposure Exposures exceeding the lesser of (A) the total Closing Date Revolving CommitmentsCommitments and (B) the Borrowing Base then in effect; provided provided, that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower the Borrowers may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Credit Agreement (Massey Energy Co)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to Borrower the Lead Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount amount, the Dollar Equivalent of which, at any time outstanding that outstanding, will not result in (iviii) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 20,000,000 or (iiix) the Aggregate Initial Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitmentslesser of (A) the Aggregate Commitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower the Lead Borrowers may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Abl Credit Agreement (Performance Sports Group Ltd.)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower the Borrowers from time to time during prior to the Revolving Availability PeriodRevolver Maturity Date (the “Swingline Commitment”), in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 25,000,000, or (ii) the Aggregate Initial aggregate Revolving Loans Exposure exceeding the total Closing Date Revolving CommitmentsCredit Limit; provided provided, that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower the Borrowers may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Centerline Holding Co)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower from time to time during the Class A Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 5,000,000 or (ii) the Aggregate Initial sum of the total Class A Revolving Loans Exposure Exposures exceeding the total Closing Date Class A Revolving Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (Jacobs Entertainment Inc)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to Borrower the Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 25,000,000 or (ii) the Aggregate Initial Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitmentslesser of (A) the Aggregate Commitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Lead Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Revolving Credit Agreement (PAE Inc)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower from time to time during the Class A-2 Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 5,000,000 or (ii) the Aggregate Initial sum of the total Class A-2 Revolving Loans Exposure Exposures exceeding the total Closing Date Class A-2 Revolving Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Second Amendment and Restatement Agreement (Jacobs Entertainment Inc)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower from time to time on any Business Day during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (and upon each such Borrowing of Swingline Loans,
(i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 the Swingline Commitment or (ii) the Aggregate Initial sum of the total Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance refinance, in whole or in part, an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Credit Agreement (Blend Labs, Inc.)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to the Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 7,000,000 or (ii) the Aggregate Initial Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitmentslesser of (A) the Aggregate Commitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Revolving Credit Agreement (Keystone Automotive Operations Inc)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to the Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 7.0 million or (ii) the Aggregate Initial Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitmentslesser of (A) the Aggregate Commitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Revolving Credit Agreement (Keystone Automotive Operations Inc)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to the Lead Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 25,000,000 (the “Swingline Sub-Limit”) or (ii) the Aggregate Initial Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitmentslesser of (A) the Aggregate Commitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Lead Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Credit Agreement (Chiquita Brands International Inc)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to Borrower the Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 10,000,00025,000,000 or (ii) the Aggregate Initial Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitmentslesser of (A) the Aggregate Commitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Lead Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Revolving Credit Agreement (PAE Inc)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower from time to time during the Additional Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 5,000,000 or (ii) the Aggregate Initial sum of the total Additional Revolving Loans Exposure Exposures exceeding the total Closing Date Additional Revolving Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower the Borrowers from time to time during prior to the Revolving Availability PeriodRevolver Maturity Date (the "Swingline Commitment"), in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 25,000,000 or (ii) the Aggregate Initial aggregate Revolving Loans Exposure exceeding the total Closing Date Revolving CommitmentsCredit Limit; provided provided, that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower the Borrowers may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Chartermac)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower the Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 25.0 million or (ii) the Aggregate Initial sum of the total Revolving Loans Exposure Exposures exceeding the lesser of (A) the total Closing Date Revolving CommitmentsCommitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower the Borrowers may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Credit Agreement (Broder Bros Co)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, agrees to make Swingline Loans to Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 25.0 million or (ii) the Aggregate Initial sum of the total Revolving Loans Exposure Exposures exceeding the lesser of (A) the total Closing Date Revolving CommitmentsCommitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Credit Agreement (Broder Bros Co)
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to the Lead Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 20,000,000 or (ii) the Aggregate Initial Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitmentslesser of (A) the Aggregate Commitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Lead Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be obligated to, make Swingline Loans to Borrower the Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $50,000,000 10,000,000 or (ii) the Aggregate Initial Revolving Loans Exposure Exposures exceeding the total Closing Date Revolving Commitmentslesser of (A) the Aggregate Commitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Lead Borrower may borrow, repay and reborrow Swingline Loans.
Appears in 1 contract
Sources: Revolving Credit Agreement (PAE Inc)