Common use of Utilization of Swingline Facility Clause in Contracts

Utilization of Swingline Facility. (a) Subject to the terms of this Agreement, the Borrower may utilize the Swingline Facility by delivering a duly completed Request to the Administrative Agent not later than 11:00 a.m. on the relevant Utilization Date in relation to a Swingline Advance. (b) Each Request for a Swingline Advance shall specify: (i) that it is utilization of the Swingline Facility; (ii) the proposed Utilization Date, which shall be a Business Day falling two or more days before the then latest Final Maturity Date; (iii) the Requested Amount, which shall be: (A) a minimum of $1,000,000 and integral multiples in excess thereof of $500,000; or (B) the balance of the undrawn Total Swingline Commitments; or (C) such other amount as the Administrative Agent, the Swingline Lenders and the Borrower may agree; (iv) the Term, which shall: (A) end on or before the then latest Final Maturity Date, and (B) be a period not exceeding ten Business Days; and (v) the details of the bank and account to which the proceeds of the Swingline Advance are to be made available to the Borrower in accordance with Clause 10.1 (Funds and Place). (c) The Administrative Agent, shall not later than 1:00 p.m. on the date of receipt of the Request, notify each Swingline Lender of the details of the requested Swingline Advance and the amount of its participation in the Swingline Advance. (d) The amount of each Swingline Lender's Swingline Advance will be the proportion of the Requested Amount which its Swingline Commitment bears to the Total Swingline Commitments on the date of receipt of the relevant Request, adjusted, if necessary, to reflect the operation of Clause 2.3 (A Lender's Individual Limit). (e) Subject to the terms of this Agreement, each Swingline Lender shall make the Swingline Advance available to the Administrative Agent for the Borrower on the relevant Utilization Date.