Swing Line Commitment Amount definition
Examples of Swing Line Commitment Amount in a sentence
Each borrowing of Swing Line Loans shall be in an aggregate principal amount equal to $500,000 or such amount plus a whole multiple of $100,000 in excess thereof or, if less, the unused portion of the Swing Line Commitment Amount.
Each borrowing of Swing Line Loans shall be in an aggregate principal amount equal to $1,000,000 or such amount plus a whole multiple of $500,000 in excess thereof or, if less, the unused portion of the Swing Line Commitment Amount.
Each borrowing of Swing Line Loans shall be in an aggregate principal amount equal to $100,000 or such amount plus an integral multiple of $50,000 in excess thereof or, if less, the unused portion of the Swing Line Commitment Amount.
If neither the Swing Line Lender nor the Borrower sends such notice, the Swing Line Commitment Amount shall remain at the same amount then in effect and subject to the limitations provided herein.
In the event that the Aggregate Revolving Credit Commitment Amount is reduced to any amount less than the Swing Line Commitment Amount, the Swing Line Commitment Amount shall be permanently reduced to an amount equal to such Aggregate Revolving Credit Commitment Amount as so reduced.