Swing Line Subcommitment definition

Swing Line Subcommitment means the commitment of the Swing Line Lender to make Swing Line Loans in an aggregate principal amount at any time outstanding not to exceed $2,000,000.
View Source
Swing Line Subcommitment means $5,000,000. "Term Loan" means the Advance under the Term Notes.
View Source
Swing Line Subcommitment means $5,000,000.
View Source

Examples of Swing Line Subcommitment in a sentence

  • The Swing Line Lender, subject to and upon the terms and conditions set forth herein, from time to time, agrees to make to the Borrower Advances under the Swing Line Loan in an aggregate principal amount outstanding at any time not to exceed the Swing Line Subcommitment.

  • Subject to and upon the terms and conditions herein set forth, the Swing Line Lender severally establishes in favor of the Borrower, its Swing Line Subcommitment.

  • The Swing Line Lender, subject to and upon the terms and conditions set forth herein, from time to time, agrees to make to the Borrowers Advances under the Swing Line Loan in an aggregate principal amount outstanding at any time not to exceed the Swing Line Subcommitment.

  • Subject to and upon the terms and ------------------------ conditions herein set forth, the Swing Line Lender severally establishes in favor of the Borrower, from on and after the Closing Date, but prior to the Maturity Date, its Swing Line Subcommitment.

  • By: ---------------------------------------- Name: Title: Attest: ------------------------------------ Name: Title: [Corporate Seal] 252 SCHEDULE TO SWING LINE NOTE Advances made under the Swing Line Subcommitment referred to in the foregoing Swing Line Note.

  • The aggregate amount of all Borrowings under the Swing Line shall not at any time exceed the Swing Line Subcommitment, and to the extent any Borrowing under the Swing Line would cause such a result after giving effect thereto, the Company shall be required to request such Borrowing under Section 2.02(a) hereof.

  • The Swing Line Lender, subject to and upon the terms and conditions set forth herein, from time to time, shall make available to the Borrower from time to time, Swing Line Loans which shall not exceed in aggregate principal amount at any time outstanding the Swing Line Subcommitment.

  • For purposes of determining the Commitment Fee, the outstandings under the Swing Line Subcommitment shall not be included as a part of the outstandings under the Revolving Loan Commitments.

  • SunTrust shall make available to the Company the amount of the Borrowing requested in the Swing Line Borrowing Notice not later than 3:00 p.m. (Ft. Lauderdale, Florida time) on such date, provided that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the aggregated principle amount of the Swing Line Borrowings, including the requested Borrowing under such Swing Line Borrowing Notice, shall be no greater than the Swing Line Subcommitment.

  • Subject to and upon the terms and conditions herein set forth, the Swing Line Lender severally establishes in favor of the Borrowers, its Swing Line Subcommitment.


More Definitions of Swing Line Subcommitment

Swing Line Subcommitment means $5,000,000. "Term Loan" means the Advance under the Term Notes. "Term Loan Advance" means the Advance under the Term Notes. "Term Loan Commitment" means, relative to any Lender, such Lender's obligation to make an Advance pursuant to Section 2.01(b) of this Agreement. "Term Loan Rate" means a rate of interest equal to the LIBOR Rate for three-month periods plus one quarter of one percent (.25%) per annum. The Term Loan Rate shall be reset two (2) Business Days prior to the end of the applicable Interest Rate Period and shall be effective for the next ensuing Interest Rate Period. "Term Note" and "Term Notes" means, as the context may require: (a) any of the term notes executed by the Borrower payable to the order of any Lender, substantially in the form of Exhibit B hereto, originally in the principal amounts each such Lender's Pro Rate Share bears to the Maximum Total Amount of the Term Loan, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the outstanding Term Loan, as each such Term Note may from time to time be amended, increased, decreased, extended, renewed, restated, and/or changed in any way, and all other promissory notes accepted from time to time in amendment, renewal, payment and/or substitution thereof and/or therefor, and/or (b) collectively, all of the foregoing. "Total Capitalization" means an amount equal to the sum of Lease Adjusted Funded Debt plus Borrower's shareholders' equity (as determined by GAAP), all as determined on a consolidated basis. "Voting Stock" means securities of any class of a corporation, the holders of which are ordinarily, in the absence of contingencies, entitled to elect a majority of the corporate directors (or persons performing similar functions).
View Source
Swing Line Subcommitment means the commitment of the Swing Line Lender to make Swing Line Loans in an aggregate principal amount at any time outstanding not to exceed $15,000,000.
View Source
Swing Line Subcommitment means $5,000,000, as such amount may ------------------------ be reduced pursuant to Section 2.04 or amended or modified pursuant to Section 10.02 hereof.
View Source

Related to Swing Line Subcommitment

  • Swing Line Sublimit means an amount equal to the lesser of (a) $50,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Swingline Sublimit means an amount equal to the lesser of (a) $5,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.