Swingline Lender definition: Copy, customize, and use instantly
Introduction
The term "Swingline Lender" refers to a financial institution or designated lender that provides short-term loans, known as Swingline Loans, under a credit facility. These loans typically help borrowers meet immediate funding needs before longer-term financing is arranged.
Below are various examples of how "Swingline Lender" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Swingline Lender" as the provider of Swingline Loans
This definition ties "Swingline Lender" to its role in issuing short-term advances.
"Swingline Lender" means the lender designated as such in the credit agreement, responsible for making Swingline Loans to the borrower under the terms of the loan facility.
Definition of "Swingline Lender" as a designated agent
This definition connects "Swingline Lender" to its function in coordinating short-term financing.
"Swingline Lender" refers to the institution acting in such capacity as identified in the credit documents, responsible for providing discretionary advances to the borrower.
Definition of "Swingline Lender" as an interim funding source
This definition links "Swingline Lender" to its role in ensuring liquidity before other financing arrangements take effect.
"Swingline Lender" means the lender that extends Swingline Loans to the borrower for short-term liquidity needs, subject to repayment terms as outlined in the agreement.
Definition of "Swingline Lender" as a direct funding party
This definition applies "Swingline Lender" to its function in providing immediate access to funds.
"Swingline Lender" refers to the financial institution authorized to make Swingline Loans directly to the borrower, up to the maximum Swingline Loan commitment.
Definition of "Swingline Lender" as a revolving credit provider
This definition relates "Swingline Lender" to its role in revolving credit.
"Swingline Lender" means the lender designated to provide revolving Swingline Loans, subject to the terms set forth in the credit agreement.
Definition of "Swingline Lender" as a lender with discretionary authority
This definition ties "Swingline Lender" to its ability to approve or deny short-term loans.
"Swingline Lender" means the lender that has the discretion to advance Swingline Loans to the borrower, subject to the terms and conditions of the credit agreement.
Definition of "Swingline Lender" as a participant in a syndicated loan
This definition connects "Swingline Lender" to its role within a lending syndicate.
"Swingline Lender" refers to the lender designated within the syndicate to issue Swingline Loans as an ancillary credit facility.
Definition of "Swingline Lender" as a facilitator of bridge financing
This definition links "Swingline Lender" to its function in providing short-term financing pending other credit disbursements.
"Swingline Lender" means the lender responsible for advancing short-term loans to bridge temporary funding gaps before permanent financing becomes available.
Definition of "Swingline Lender" as a lender with specific Swingline commitments
This definition applies "Swingline Lender" to a lender with a contractual obligation to fund Swingline Loans.
"Swingline Lender" refers to the financial institution obligated to extend Swingline Loans up to the Swingline Commitment Amount as outlined in the loan documents.
Definition of "Swingline Lender" as an emergency credit source
This definition ties "Swingline Lender" to its function in urgent funding situations.
"Swingline Lender" means the lender designated to provide immediate short-term credit in cases where the borrower requires urgent liquidity.
Definition of "Swingline Lender" as an agent for short-term advances
This definition links "Swingline Lender" to its agency function in managing quick loan disbursements.
"Swingline Lender" refers to the financial entity acting as the agent for issuing short-term advances, facilitating efficient cash flow for the borrower.
Definition of "Swingline Lender" as an interim loan provider
This definition connects "Swingline Lender" to loans granted while awaiting other disbursements.
"Swingline Lender" means the lender that extends temporary funding solutions to borrowers until long-term financing arrangements are completed.
Definition of "Swingline Lender" as a rapid credit facilitator
This definition applies "Swingline Lender" to its role in executing quick loan approvals.
"Swingline Lender" refers to the financial institution responsible for processing and disbursing Swingline Loans on short notice.
Definition of "Swingline Lender" as a short-term lender under a master agreement
This definition ties "Swingline Lender" to its obligations within a broader financing framework.
"Swingline Lender" means the lender that provides short-term credit pursuant to the terms of the master loan agreement.
Definition of "Swingline Lender" as a specialized liquidity provider
This definition connects "Swingline Lender" to its purpose of maintaining borrower liquidity.
"Swingline Lender" refers to the designated lender responsible for issuing Swingline Loans to support the borrower’s immediate liquidity requirements.
Definition of "Swingline Lender" as a lender with a capped loan commitment
This definition applies "Swingline Lender" to a lender with a predefined maximum funding limit.
"Swingline Lender" means the lender authorized to issue Swingline Loans up to the predetermined limit specified in the credit agreement.
Definition of "Swingline Lender" as a lender authorized to demand repayment
This definition links "Swingline Lender" to its ability to call for repayment.
"Swingline Lender" refers to the lender that may, at its discretion and in accordance with the credit agreement, demand repayment of outstanding Swingline Loans.
Definition of "Swingline Lender" as a provider of overnight loans
This definition ties "Swingline Lender" to its function in short-term overnight financing.
"Swingline Lender" means the lender responsible for issuing overnight Swingline Loans to meet the borrower’s temporary cash flow needs.
Definition of "Swingline Lender" as a lender with expedited loan procedures
This definition connects "Swingline Lender" to its ability to streamline the loan issuance process.
"Swingline Lender" refers to the lender that provides Swingline Loans under a fast-track approval process to ensure immediate fund availability.
Definition of "Swingline Lender" as a party to reimbursement obligations
This definition applies "Swingline Lender" to the requirement that it be repaid quickly.
"Swingline Lender" means the lender entitled to reimbursement from other lenders or the borrower under the terms of the credit facility.
Definition of "Swingline Lender" as a lender responsible for intra-day financing
This definition ties "Swingline Lender" to the provision of same-day funding solutions.
"Swingline Lender" refers to the lender that offers intra-day financing solutions, allowing the borrower to manage cash flow fluctuations effectively.
Definition of "Swingline Lender" as an entity with transfer rights
This definition links "Swingline Lender" to its ability to transfer its rights or obligations.
"Swingline Lender" means the lender that may transfer or assign its Swingline Loan commitments in accordance with the terms of the credit agreement.
Definition of "Swingline Lender" as a lender subject to risk-sharing arrangements
This definition connects "Swingline Lender" to its role in credit risk allocation.
"Swingline Lender" refers to the lender that extends Swingline Loans under an arrangement where the risk is shared among participating lenders in the credit facility.
Definition of "Swingline Lender" as a designated funding source
This definition ties "Swingline Lender" to its role as an assigned provider of Swingline Loans.
"Swingline Lender" means the lender appointed to issue Swingline Loans under the terms and conditions of the credit facility.
Definition of "Swingline Lender" as a lender with conditional lending authority
This definition connects "Swingline Lender" to its function in making loans subject to conditions.
"Swingline Lender" refers to the financial institution authorized to advance Swingline Loans provided the borrower satisfies specified conditions in the agreement.
Definition of "Swingline Lender" as a liquidity backstop provider
This definition links "Swingline Lender" to its function in preventing liquidity shortfalls.
"Swingline Lender" means the lender responsible for providing temporary liquidity support through short-term loans until other financing sources are available.
Definition of "Swingline Lender" as a lender with accelerated funding capabilities
This definition applies "Swingline Lender" to its ability to expedite the loan process.
"Swingline Lender" refers to the lender authorized to provide expedited short-term credit to the borrower without requiring full lender syndicate approval.
Definition of "Swingline Lender" as a bridge loan facilitator
This definition ties "Swingline Lender" to its role in bridging funding gaps.
"Swingline Lender" means the financial institution that issues short-term Swingline Loans to cover interim financing needs while awaiting long-term funding.
Definition of "Swingline Lender" as a lender subject to repayment priority
This definition connects "Swingline Lender" to repayment hierarchy.
"Swingline Lender" refers to the lender whose Swingline Loans are prioritized for repayment under the provisions of the credit facility.
Definition of "Swingline Lender" as a standby credit provider
This definition links "Swingline Lender" to its availability as a backup funding option.
"Swingline Lender" means the lender designated to provide standby credit to the borrower in the event of unexpected cash flow shortages.
Definition of "Swingline Lender" as a short-term funding agent
This definition applies "Swingline Lender" to its agency role in short-term lending.
"Swingline Lender" refers to the financial institution serving as the agent for administering and managing Swingline Loans under the credit facility.
Definition of "Swingline Lender" as a lender authorized to set Swingline Loan terms
This definition ties "Swingline Lender" to its discretion in determining loan terms.
"Swingline Lender" means the lender with the authority to establish the terms, interest rates, and repayment conditions applicable to Swingline Loans, subject to the credit agreement.
Definition of "Swingline Lender" as a party to Swingline loan risk allocations
This definition connects "Swingline Lender" to credit risk-sharing mechanisms.
"Swingline Lender" refers to the lender that extends Swingline Loans with the understanding that any unpaid amounts may be shared or reimbursed by other lenders in the facility.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.