Sonntag, 17. November 2024 20:27
All of the Tranche C Funds should be automatically appointed since Tranche A great Committed Funds to the and as of such refunding time
(i) The latest aggregate buck level of all of the Tranche A committed Fund the (and all of the Tranche A loyal Fund to be financed towards recommended day from capital of the questioned Tranche C Financing);
4(b) Resource off Tranche C Financing. Up on receipt because of the NationsBank, pretending within the skill because Management Broker hereunder, off financing And you will/Otherwise Interest Election Ask for a good Tranche C Loan, NationsBank, acting in its strength due to the fact Tranche C Financial hereunder, will advance the degree of the fresh new Tranche C Mortgage or Money asked for the true purpose of resource their operations to the a beneficial consistent basis in place of requiring every single day fundings from the appropriate Lenders.
At the mercy of Part cuatro(f) below, the fresh Management Representative shall, up on this new thickness regarding an event off Default and you will velocity out-of brand new Obligations, consult an effective refunding hereunder of the many Tranche C Fund a good given that of such date
4(c) Refunding off Tranche C Loans because of the Loan providers. Tranche C Loans is refunded by the Loan providers in order to NationsBank abreast of merchant cash advance in Missouri consult out of NationsBank from Management Agent, which request might be made don’t seem to than just shortly after for each and every Working day with no less frequently than a week (and you may, anyhow, for each Wednesday otherwise, if any Wednesday isnt a corporate Big date, the fresh new quickly before Working day); given, however, you to definitely NationsBank should never be required to consult refundings out-of Tranche C Fund hereunder when you look at the aggregate quantities of lower than $5,000,. […]