Example ContractsClausesswing loansVariants
Swing Loans
Swing Loans contract clause examples

the Dollar Equivalent of # the aggregate outstanding principal amount of all Multicurrency Swing Loans shall not at any time exceed the Total Multicurrency Swing Loan Commitments and # the aggregate outstanding principal amount of all Multicurrency Swing Loans made by any Multicurrency Swing Loan Bank shall not exceed such Lender’s Multicurrency Swing Loan Commitment.

(x) the aggregate outstanding principal amount of all Swing Loans denominated in Dollars shall not at any time exceed the Total Dollar Swing Loan Commitments and # the aggregate outstanding principal amount of all Swing Loans denominated in Dollars made by any Dollar Swing Loan Bank shall not exceed such Lender’s Dollar Swing Loan Commitment.

“Multicurrency Swing Loan Commitment” means, as to any Multicurrency Swing Loan Bank, # the Dollar amount set forth opposite its name on [Schedule I] hereto or # if such Lender has entered into one or more Acceptances, the amount set forth for such Lender in the Register as being its Multicurrency Swing Loan Commitment; and the Multicurrency Swing Loan Commitments shall, in the aggregate, not exceed $150,000,000 at any time outstanding, as such amount may be increased or reduced as provided in [Section 2.06] or as otherwise expressly provided in this Agreement.

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