All Tranche C Funds should be immediately designated because the Tranche A beneficial The amount of time Finance for the and also as of these refunding day
(i) The brand new aggregate dollars level of the Tranche A committed Funds an excellent (and all the Tranche A committed Funds as funded with the suggested time out-of financial support of your own expected Tranche C Loan);
4(b) Financing out of Tranche C Loans. On receipt from the NationsBank, pretending with its capacity due to the fact Management Representative hereunder, off financing And you may/Otherwise Rate of interest Election Request for good Tranche C Financing, NationsBank, acting within the potential because the Tranche C Financial hereunder, shall progress the degree of the Tranche C Loan or Fund asked for the purpose of financial support their surgery towards the a good regular basis instead of demanding day-after-day fundings regarding the appropriate Loan providers.
Subject to Part cuatro(f) below, the Management Broker should, through to the thickness regarding a conference regarding Standard and you can velocity from the latest Loans, demand good refunding hereunder of all Tranche C Loans a fantastic because the of such go out
4(c) Refunding regarding Tranche C Fund by Lenders. Tranche C Fund will likely be reimbursed by Loan providers so you're able to NationsBank abreast of request away from NationsBank from the Administrative Agent, which demand will be made no more frequently than simply once each Business day without reduced appear to than simply weekly (and you may, in any event, for each Wednesday or, if any Wednesday isnt a corporate Go out, the latest instantaneously before Working day); given, not, you to definitely NationsBank shall not required to demand refundings off Tranche C Funds hereunder from inside the aggregate quantities of lower than $5,000,.
4(e) Payment regarding Dominant. Subject to the prepayment requirements regarding Paragraph seven(f) and you will earlier refunding pursuant to help you Part 4(c) significantly more than, the company shall afford the prominent number of each Tranche C Loan to your Readiness Time.
4(f) Pure Duty so you can Reimburse. In the event unconditionally lenders is prohibited away from refunding the respective ratable portion of Tranche C Funds since the Tranche A loyal Finance because considering herein, up coming unlike refunding Tranche C Funds since the Tranche A committed Money, through to request away from NationsBank and you can susceptible to the fresh new proviso of one's immediately preceding phrase, for every single Lender (apart from NationsBank) will pick and take away from NationsBank one involvement need for every Tranche C Fund a fantastic hereunder on quantity of such as for example Lender's Percentage Display thereof.
5(a) Bid Mortgage Borrowing limit. The firm could possibly get occasionally, for the terminology and you will subject to new criteria established here, consult the lenders so you can offer fixed costs where they will, myself, expect you'll finance enhances toward Organization hereunder from inside the an effective said buck amount and also for a reported Bid Loan Notice Period ("Bid Financing"); given, yet not, you to in no feel shall:
(ii) The most Aggregate Credit limit minus the sum of brand new aggregate money amount of Tranche A committed Fund, Tranche B Fund and Tranche C Loans a fantastic, new L/C Readily available Matter and you can one unrepaid L/C Illustrations; and
Particularly refundings can be made by the lenders (including NationsBank) relative to the respective Fee Shares and you may should, thereafter, getting reflected given that Tranche A committed Loans of Loan providers into brand new guides and you can information of your Management Representative
(iii) The fresh Equity Property value this new Factory Credit Base including people Supplemental Dollars Security stored of the Management Agent, minus the amount of this new aggregate dollars number of all the Tranche A committed Fund and you can
5(b) Strategies to have Obtain Quote Finance. In case your Organization would like to request the advance off Bid Finance, it should send to your Management Agent (which beginning could be by fax alert) a duly carried out Bid Loan Consult to your 3rd Working day prior to the suggested investment big date, which Quote Financing Request will indicate:
