To request. a Swingline Loan, the Borrower shall notify the Administrative Agent and the Swingline Lender of such request by written notice, not later than 10:00 a.m., New York City time, on the day of such proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day), the amount of the requested Swingline Loan and, in the case of any Swingline Loan requested to finance the reimbursement of an LC Disbursement as provided in Section 2.05(a), the identity of the Issuing Bank that made such LC Disbursement. The Swingline Lender shall make each Swingline Loan available to the Borrower by means of a credit to the deposit account of the Borrower specified in such written notice (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(a), by remittance to the applicable Revolving Issuing Bank) promptly on the requested date of such Swingline Loan. For the avoidance of doubt, and notwithstanding anything to the contrary in this Agreement, no Swingline Loans shall be available, and no Lender shall have any obligation to make a Swingline Loan, to the Borrower at any time on or after the Class A Revolving Facility Termination Date.
Appears in 1 contract
Sources: Credit Agreement (GoHealth, Inc.)
To request. a Swingline Loan, the Borrower shall notify the Administrative Agent and the Swingline Lender of such request by written notice, not later than 10:00 a.m., New York City time, on the day of such proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the 110 #97964454v4 #97964454v11 requested date (which shall be a Business Day), the amount of the requested Swingline Loan and, in the case of any Swingline Loan requested to finance the reimbursement of an LC Disbursement as provided in Section 2.05(a), the identity of the Issuing Bank that made such LC Disbursement. The Swingline Lender shall make each Swingline Loan available to the Borrower by means of a credit to the deposit account of the Borrower specified in such written notice (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(a), by remittance to the applicable Revolving Issuing Bank) promptly on the requested date of such Swingline Loan. For the avoidance of doubt, and notwithstanding anything to the contrary in this Agreement, no Swingline Loans shall be available, and no Lender shall have any obligation to make a Swingline Loan, to the Borrower at any time on or after the Class A Revolving Facility Termination Date.
Appears in 1 contract
Sources: Credit Agreement (GoHealth, Inc.)