Common use of Swingline Commitments Clause in Contracts

Swingline Commitments. (a) Subject to the terms and conditions hereof, each Swingline Lender agrees to make a portion of the credit otherwise available to the Borrower under the Revolving Commitments from time to time during the Revolving Commitment Period by making swingline loans denominated in Dollars (“Swingline Loans”) to the Borrower; provided that (x) the aggregate principal amount of Swingline Loans outstanding at any time from any Swingline Lender shall not exceed the Swingline Commitment of such Swingline Lender then in effect (notwithstanding that the Swingline Loans of such Swingline Lender outstanding at any time, when aggregated with the Swingline Lender’s other outstanding Revolving Extensions of Credit, may exceed the Swingline Commitment of such Swingline Lender then in effect) and (y) the Borrower shall not request, and the Swingline Lenders shall not make, any Swingline Loan if, immediately after giving effect to the making of such Swingline Loan, the aggregate amount of the Available Revolving Commitments would be less than zero or the aggregate outstanding Swingline Loans would exceed the Swingline Limit. During the Revolving Commitment Period, the Borrower may use the Swingline Commitments by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swingline Loans shall be denominated in ABR Loans only. (b) The Borrower shall repay to each Swingline Lender the then unpaid principal amount of each Swingline Loan made to the Borrower by such Swingline Lender on the earliest of (i) the Revolving Termination Date, (ii) the 15th Business Day after such Swingline Loan is made and (iii) the last Business Day of a calendar quarter that is at least three Business Days after such Swingline Loan is made; provided that on each date that a Revolving Loan is borrowed, the Borrower shall repay all Swingline Loans made to it then outstanding.

Appears in 1 contract

Sources: Credit Agreement (Teradyne, Inc)

Swingline Commitments. (a) Subject to the terms and conditions hereofset forth herein, each from time to time during the Revolving Commitment Period, the Swingline Lender agrees to make a portion of the credit otherwise available to the Borrower under the Revolving Commitments from time to time during the Revolving Commitment Period by making swingline swing line loans denominated in Dollars (“Swingline Loans”) to the Borrower; provided that (i) the sum of (x) the Swingline Exposure of such Swingline Lender (in its capacity as a Revolving Lender), (y) the aggregate principal amount of outstanding Revolving Loans made by such Swingline Lender (in its capacity as a Revolving Lender) and (z) the L/C Exposure of such Swingline Lender (in its capacity as a Revolving Lender) shall not exceed its Revolving Commitment then in effect, (ii) the sum of the outstanding Swingline Loans outstanding at any time from any Swingline Lender shall not exceed the Swingline Commitment of such Swingline Lender then in effect (notwithstanding that the Swingline Loans of such Swingline Lender outstanding at any time, when aggregated with the Swingline Lender’s other outstanding Revolving Extensions of Credit, may exceed the Swingline Commitment of such Swingline Lender then in effect) and (yiii) the Borrower shall not request, and the no Swingline Lenders Lender shall not make, any Swingline Loan if, immediately after giving effect to the making of such Swingline Loan, the aggregate amount of the Available Revolving Commitments would be less than zero or the aggregate outstanding Swingline Loans would exceed the Swingline Limitzero. During the Revolving Commitment Period, the Borrower may use the Swingline Commitments Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swingline Loans shall be denominated in ABR Loans only. (b) The Borrower shall repay to each the Swingline Lender the then unpaid principal amount of each Swingline Loan made to the Borrower by such Swingline Lender on the earliest earlier of (i) the Revolving Termination Date, (ii) the 15th Business Day after such Swingline Loan is made Date and (iii) the last Business Day of a calendar quarter that is at least three five Business Days after such Swingline Loan is made; provided that on each date that a Revolving Loan is borrowed, the Borrower shall repay all Swingline Loans made then outstanding and the proceeds of any such Revolving Loans shall be applied by the Administrative Agent to it then repay any Swingline Loans outstanding.

Appears in 1 contract

Sources: Credit Agreement (NICE Ltd.)

Swingline Commitments. (a) Subject to the terms and conditions hereof, each the Swingline Lender agrees to make available a portion of the credit accommodations otherwise available to the Borrower under the Revolving Commitments from time to time during the Revolving Commitment Period by making swingline swing line loans denominated in Dollars (each a “Swingline Loan” and, collectively, the “Swingline Loans”) to the Borrower; provided that (xa) the aggregate principal amount of Swingline Loans outstanding at any time from any Swingline Lender shall not exceed the Swingline Commitment of such Swingline Lender then in effect (notwithstanding that the Swingline Loans of such Swingline Lender outstanding at any time, when aggregated with the Swingline Lender’s other outstanding Revolving Extensions of Credit, may exceed the Swingline Commitment of such Swingline Lender then in effect) and , (yb) the Borrower shall not request, and the Swingline Lenders Lender shall not make, any Swingline Loan if, immediately after giving effect to the making of such Swingline Loan, the aggregate amount of the Available Revolving Commitments would be less than zero or zero, and (c) the aggregate Borrower shall not use the proceeds of any Swingline Loan to refinance any then outstanding Swingline Loans would exceed the Swingline LimitLoan. During the Revolving Commitment Period, the Borrower may use the Swingline Commitments Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swingline Loans shall be denominated in ABR Loans only. (b) The Borrower shall repay to each Swingline Lender the then unpaid principal amount of each Swingline Loan made to the Borrower by such Swingline Lender on the earliest of (i) the Revolving Termination Date, (ii) the 15th Business Day after such Swingline Loan is made and (iii) the last Business Day of a calendar quarter that is at least three Business Days after such Swingline Loan is made; provided that on each date that a Revolving Loan is borrowed, the Borrower shall repay all Swingline Loans made to it then outstanding.be

Appears in 1 contract

Sources: Credit Agreement (Demand Media Inc.)

Swingline Commitments. (a) (i) Subject to the terms and conditions hereof, each Swingline Dollar Lender agrees to make a portion of the credit otherwise available to the Borrower Borrowers under the Revolving Commitments from time to time during the Revolving Commitment Period by making swingline swing line loans denominated in Dollars (“Swingline Dollar Loans”) to the BorrowerCompany; provided that (x) the aggregate principal amount of Swingline Dollar Loans outstanding at any time from any Swingline Dollar Lender shall not exceed the Swingline Dollar Commitment of such Swingline Dollar Lender then in effect (notwithstanding that the Swingline Dollar Loans of such Swingline Dollar Lender outstanding at any time, when aggregated with the Swingline Dollar Lender’s other outstanding Revolving Extensions of Credit, may exceed the Swingline Dollar Commitment of such Swingline Dollar Lender then in effect) and (y) the Borrower Company shall not request, and the Swingline Dollar Lenders shall not make, any Swingline Dollar Loan if, immediately after giving effect to the making of such Swingline Dollar Loan, the aggregate amount of the Available Revolving Commitments would be less than zero or the aggregate outstanding Swingline Dollar Loans would exceed the Swingline Dollar Limit. During the Revolving Commitment Period, the Borrower Company may use the Swingline Dollar Commitments by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swingline Dollar Loans shall be denominated in Dollars and ABR Loans only. (b) The Borrower shall repay to each Swingline Lender the then unpaid principal amount of each Swingline Loan made to the Borrower by such Swingline Lender on the earliest of (i) the Revolving Termination Date, (ii) the 15th Business Day after such Swingline Loan is made and (iii) the last Business Day of a calendar quarter that is at least three Business Days after such Swingline Loan is made; provided that on each date that a Revolving Loan is borrowed, the Borrower shall repay all Swingline Loans made to it then outstanding.

Appears in 1 contract

Sources: Credit Agreement (Lear Corp)

Swingline Commitments. (a) Subject to the terms and conditions hereofset forth herein, each from time to time during the Revolving Commitment Period, the Swingline Lender agrees to make a portion of the credit otherwise available to the Borrower under the Revolving Commitments from time to time during the Revolving Commitment Period by making swingline swing line loans denominated in Dollars ("Swingline Loans") to the Borrower; provided that (i) the sum of (x) the Swingline Exposure of such Swingline Lender (in its capacity as a Revolving Lender), (y) the aggregate principal amount of outstanding Revolving Loans made by such Swingline Lender (in its capacity as a Revolving Lender) and (z) the L/C Exposure of such Swingline Lender (in its capacity as a Revolving Lender) shall not exceed its Revolving Commitment then in effect, (ii) the sum of the outstanding Swingline Loans outstanding at any time from any Swingline Lender shall not exceed the Swingline Commitment of such Swingline Lender then in effect (notwithstanding that the Swingline Loans of such Swingline Lender outstanding at any time, when aggregated with the Swingline Lender’s other outstanding Revolving Extensions of Credit, may exceed the Swingline Commitment of such Swingline Lender then in effect) and (yiii) the Borrower shall not request, and the no Swingline Lenders Lender shall not make, any Swingline Loan if, immediately after giving effect to the making of such Swingline Loan, the aggregate amount of the Available Revolving Commitments would be less than zero or the aggregate outstanding Swingline Loans would exceed the Swingline Limitzero. During the Revolving Commitment Period, the Borrower may use the Swingline Commitments Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swingline Loans shall be denominated in ABR Loans only. (b) The Borrower shall repay to each Swingline Lender the then unpaid principal amount of each Swingline Loan made to the Borrower by such Swingline Lender on the earliest of (i) the Revolving Termination Date, (ii) the 15th Business Day after such Swingline Loan is made and (iii) the last Business Day of a calendar quarter that is at least three Business Days after such Swingline Loan is made; provided that on each date that a Revolving Loan is borrowed, the Borrower shall repay all Swingline Loans made to it then outstanding.

Appears in 1 contract

Sources: Credit Agreement (NICE Ltd.)

Swingline Commitments. (a) Subject to the terms and conditions hereof, each the ABR Swingline Lender agrees to make a portion of the credit otherwise available to the a Borrower under the Revolving Commitments from time to time during the Revolving Commitment Period by making swingline swing line loans denominated to such Borrower in Dollars the United Kingdom (“U.K. Swingline Loans”) to or in the BorrowerUnited States (“U.S. Swingline Loans” and, together with U.K. Swingline Loans, the “ABR Swingline Loans”) in Dollars; provided that the aggregate principal amount of ABR Swingline Loans made by the ABR Swingline Lender will not result in (xi) the aggregate principal amount of outstanding ABR Swingline Loans outstanding at any time from any made by the ABR Swingline Lender shall not exceed exceeding the Swingline Commitment of such Swingline Lender then in effect (notwithstanding that the Swingline Loans of such Swingline Lender outstanding at any time, when aggregated with the ABR Swingline Lender’s other outstanding ABR Swingline Commitment, or (ii) the ABR Swingline Lender’s Revolving Extensions of CreditCredit exceeding its Revolving Commitment, may exceed the Swingline Commitment of such Swingline Lender then in effect) and (y) the provided further that no Borrower shall not request, and the ABR Swingline Lenders Lender shall not make, any ABR Swingline Loan if, immediately after giving effect to the making of such ABR Swingline Loan, the aggregate amount of the Available Revolving Commitments would be less than zero or the aggregate outstanding Swingline Loans would exceed the Swingline Limitzero. During the Revolving Commitment Period, the each Borrower may use the ABR Swingline Commitments Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. U.S. Swingline Loans shall be denominated in ABR Loans only. (b) The Borrower shall repay to each Swingline Lender the then unpaid principal amount of each Swingline Loan made to the Borrower by such Swingline Lender on the earliest of (i) the Revolving Termination Date, (ii) the 15th Business Day after such Swingline Loan is made and (iii) the last Business Day of a calendar quarter that is at least three Business Days after such Swingline Loan is made; provided that on each date that a Revolving Loan is borrowed, the Borrower shall repay all . U.K. Swingline Loans made to it then outstandingshall be Overnight LIBOR Loans only.

Appears in 1 contract

Sources: Credit Agreement (Tenneco Inc)

Swingline Commitments. (a) Subject to the terms and conditions hereofset forth herein, each from time to time during the Revolving Commitment Period, the Swingline Lender agrees to may, in its discretion, make a portion of the credit otherwise available to the Borrower Company under the Dollar Tranche Revolving Commitments from time to time during the Revolving Commitment Period by making swingline swing line loans denominated in Dollars (“Swingline Loans”) in Dollars to the BorrowerCompany; provided that (i) the sum of (x) the Swingline Exposure of such Swingline Lender (in its capacity as a Dollar Tranche Revolving Lender), (y) the aggregate principal amount of outstanding Dollar Tranche Revolving Loans made by such Swingline Lender (in its capacity as a Dollar Tranche Revolving Lender) and (z) the L/C Exposure of such Swingline Lender (in its capacity as a Dollar Tranche Revolving Lender) shall not exceed its Dollar Tranche Revolving Commitment then in effect, (ii) the sum of the outstanding Swingline Loans outstanding at any time from any Swingline Lender shall not exceed the Swingline Commitment of such Swingline Lender then in effect Commitment, (notwithstanding that the Swingline Loans of such Swingline Lender outstanding at any time, when aggregated with the Swingline Lender’s other outstanding Revolving Extensions of Credit, may exceed the Swingline Commitment of such Swingline Lender then in effect) and (yiii) the Borrower Company shall not request, and the no Swingline Lenders Lender shall not make, any Swingline Loan if, immediately after giving effect to the making of such Swingline Loan, the aggregate amount of the Available Revolving Commitments with respect to the Dollar Tranche Lenders would be less than zero or the aggregate outstanding Swingline Loans would exceed and (iv) the Swingline LimitLender shall not be under any obligation to make any Swingline Loan if it shall determine (which determination shall be conclusive and binding absent manifest error) that it has, or by such Swingline Loan may have, Fronting Exposure. During the Revolving Commitment Period, the Borrower Company may use the Swingline Commitments Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swingline Loans shall be denominated in ABR Base Rate Loans only. (b) The Borrower Company shall repay to each the Swingline Lender the then unpaid principal amount of each Swingline Loan made to the Borrower by such Swingline Lender on the earliest earlier of (i) the Revolving Termination Date, (ii) the 15th Business Day after such Swingline Loan is made Date and (iii) the last Business Day of a calendar quarter that is at least three five Business Days after such Swingline Loan is made; provided that on each date that a Dollar Tranche Revolving Loan is borrowed, the Borrower Company shall repay all Swingline Loans made then outstanding and the proceeds of any such Dollar Tranche Revolving Loans shall be applied by the Administrative Agent to it then repay any Swingline Loans outstanding.

Appears in 1 contract

Sources: Credit Agreement (Abm Industries Inc /De/)