(i) This new aggregate dollars quantity of most of the Tranche A loyal Financing a great (and additionally all Tranche A loyal Fund getting financed to the suggested big date off money of your own requested Tranche C Mortgage);
4(b) Financing off Tranche C Funds. On acknowledgment by NationsBank, acting within the potential while the Administrative Representative hereunder, out-of that loan And you may/Or Interest rate Election Request an excellent Tranche C Financing, NationsBank, pretending within the ability just like the Tranche C Lender hereunder, will improve the amount of new Tranche C Mortgage or Financing questioned for the purpose of investment the company’s surgery on the a great consistent basis in place of requiring every day fundings on applicable Loan providers.
Subject to Paragraph 4(f) below, the brand new Administrative Representative should, up on brand new thickness regarding an event out-of Default and speed away from the Loans, request an effective refunding hereunder of all Tranche C Fund the while the of such time
4(c) Refunding from Tranche C Loans because of the Lenders. Tranche C Funds are going to be reimbursed because of the Loan providers so you’re able to NationsBank up on request out of NationsBank through the Management Representative, and therefore demand would be made not any longer apparently than shortly after for every single Working day no quicker apparently than simply a week (and, anyway, on every Wednesday otherwise, if any Wednesday is not a corporate Date, this new instantaneously preceding Business day); offered, but not, one NationsBank will not expected to request refundings of Tranche C Financing hereunder inside the aggregate quantities of lower than $5,000,.
4(e) Percentage out-of Prominent. At the mercy of the brand new prepayment conditions regarding Section 7(f) and before refunding pursuant so you can Paragraph cuatro(c) above, the firm should afford the dominating number of per Tranche C Mortgage to your Readiness Date.
4(f) Sheer Responsibility in order to Reimburse. No matter if unconditionally lenders is going to be prohibited out-of refunding its respective ratable portion of Tranche C Loans just like the Tranche A loyal Financing due to the fact offered here, up coming rather than refunding Tranche C Financing as the Tranche A committed Funds, up on consult out of NationsBank and you may subject to this new proviso of instantaneously before phrase, for each Bank (apart from NationsBank) shall get and Kansas quick cash take off NationsBank a single participation need for the Tranche C Financing a good hereunder throughout the amount of such as for example Lender’s Percentage Express thereof.
5(a) Quote Financing Borrowing limit. The organization could possibly get sometimes, towards terms and conditions and you can subject to the latest standards set forth here, consult the lenders in order to quotation repaired costs where they might, really, expect you’ll financing improves on the Team hereunder inside the a great stated money amount and for a reported Bid Financing Desire Several months (“Bid Funds”); offered, however, one to for the zero skills should:
(ii) The utmost Aggregate Credit limit without the amount of this new aggregate money number of Tranche A loyal Finance, Tranche B Money and you can Tranche C Finance a great, the L/C Offered Amount and you may one unrepaid L/C Drawings; and
Instance refundings is going to be created by the lenders (plus NationsBank) in line with their particular Payment Shares and you may will, after that, become mirrored as the Tranche A committed Financing of your own Loan providers into the new books and you can info of the Administrative Agent
(iii) The new Equity Property value the fresh new Warehouse Borrowing from the bank Feet together with people Extra Bucks Equity held of the Administrative Agent, without amount of the latest aggregate buck quantity of all Tranche A loyal Fund and you will
5(b) Steps for Obtain Quote Fund. If the Company would like to demand the improvement out of Bid Fund, it will send towards Administrative Representative (and that delivery tends to be by facsimile sign) a duly done Quote Mortgage Request into the 3rd Working day before the suggested capital go out, and therefore Bid Mortgage Request shall specify: