Swingline Availability definition

Swingline Availability has the meaning given that term in Section 2.5(a).
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Swingline Availability has the meaning defined in Section 2.1(3).
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Swingline Availability. The positive difference between the Swingline Maximum Amount and the aggregate Purchase Price of all outstanding Transactions funded by the Swingline Purchaser as Swingline Purchases.
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Examples of Swingline Availability in a sentence

  • If at any time the aggregate principal amount of the Swingline Loans outstanding at such time exceeds the Swingline Availability at such time, the Borrower shall immediately pay the Administrative Agent for the account of the Swingline Lender the amount of such excess.

  • If at any time the aggregate principal amount of the Swingline Loans made by a Swingline Lender outstanding at such time exceeds the Swingline Availability of such Swingline Lender at such time, the Borrower shall immediately pay the Administrative Agent for the account of such Swingline Lender the amount of such excess.

  • If at any time the aggregate principal amount of the Swingline Loans made by a Swingline Lender outstanding at such time exceeds the Swingline Availability of such Swingline Lender in effect at such time, the Borrower shall immediately pay the Administrative Agent for the account of such Swingline Lender the amount of such excess.

  • If at any time the aggregate principal amount of the Swingline Loans outstanding at such time exceeds the Swingline Availability in effect at such time, the Borrower shall immediately pay the Administrative Agent for the account of the Swingline Lender the amount of such excess.

  • Each Swingline Loan made as an Automatic Swingline Borrowing shall be made in an amount equal to the greater of (i) $1,000,000 and (ii) the actual amount necessary to clear all such overdrafts for a given day, provided in no event greater than the Swingline Availability but in no event more than the Swingline Commitment.

  • Within the foregoing limits, the Borrower may borrow under this Section, repay Swingline Loans and reborrow at any time during the Swingline Availability Period under this Section.

  • If at any time the aggregate Outstanding Amounts of the Swingline Loans exceeds the aggregate Swingline Commitments in effect at such time or the aggregate principal amount of Swingline Loans made by any Swingline Lender shall exceed such Swingline Lender’s Swingline Availability, the Borrower shall immediately pay the Administrative Agent for the account of the applicable Swingline Lender the amount of such excess.

  • All Advances under the Swingline Availability shall be made solely by Scotia Capital and records concerning such Advances shall be maintained solely by Scotia Capital.

  • All of the provisions applicable to Prime Rate Advances and Base Rate Advances under this Agreement shall apply to Advances under the Swingline Availability, respectively, other than minimum notice or minimum amount requirements.

  • Within the foregoing limits, the Borrower may borrow Swingline Loans, prepay Swingline Loans and reborrow Swingline Loans at any time during the Swingline Availability Period.


More Definitions of Swingline Availability

Swingline Availability has the meaning given to that term in Section 2.8(a). “Swingline Lender” means each of Royal Bank of Canada, Bank of Montreal and BNP Paribas as ▇▇▇▇▇▇, provided that SNC will be entitled with the consent of the Agent to replace any Swingline Lender by another ▇▇▇▇▇▇ who has agreed to become a Swingline Lender;
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Swingline Availability. At any time, the lesser of (A) the Availability and (B) an amount equal to the excess, if any, of (i) the amount by which the lesser of (a) $25,000,000 and (b) the Swingline Maximum Availability over (ii) the Swingline Advances outstanding on such day; provided, however, during the Amortization Period, the Swingline Availability shall be zero.”
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Swingline Availability means the lesser of (i) the Swingline Sublimit, or (ii) an amount equal to the Commitment of Swingline Lender, minus the Revolving Credit Exposure of Swingline Lender.
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Swingline Availability has the meaning given that term in Section 2.4(a). “Swingline Commitment” means each Swingline Lender’s obligation to make Swingline Loans pursuant to Section 2.4. in an amount up to, but not exceeding the amount set forth in the first sentence of Section 2.4.(a), as such amount may be reduced from time to time in accordance with the terms hereof. “Swingline Lenders” means each of ▇▇▇▇▇ Fargo and Bank of America, N.A., together with their respective successors and assigns. “Swingline Loan” means a loan made by a Swingline Lender to the Borrower pursuant to Section 2.4. “Swingline Maturity Date” means the date which is 5 Business Days prior to the Revolving Termination Date.
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Swingline Availability means, as of any date, the least on such date of (i) the Unused Swingline Commitment, (ii) the Unused Commitment of the Swingline Lender or (iii) the Availability.
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Related to Swingline Availability

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.