(i) The brand new aggregate dollar number of all the Tranche A committed Money a great (including most of the Tranche A loyal Finance becoming financed towards the recommended date out-of investment of one’s questioned Tranche C Financing);
4(b) Financial support of Tranche C Money. Upon receipt from the NationsBank, acting within its strength just like the Administrative Broker hereunder, from financing And you may/Or Rate of interest Election Request for a Tranche C Loan, NationsBank, acting within the skill once the Tranche C Lender hereunder, should advance the level of this new Tranche C Mortgage or Financing asked with regards to financing the business’s operations for the a great regular basis instead of demanding day-after-day fundings about relevant Lenders.
At the mercy of Section 4(f) below, the Administrative Broker shall, up on this new occurrence off a meeting away from Standard and acceleration of the fresh Debt, consult an effective refunding hereunder of all of the Tranche C Finance an excellent just like the of such go out
4(c) Refunding out of Tranche C Funds from the Loan providers. Tranche C Fund is going to be reimbursed from the Lenders so you’re able to NationsBank on request of NationsBank from Administrative Representative, and therefore demand might be generated not appear to than just just after per Working day without shorter seem to than simply per week (and, anyway, for each Wednesday or, or no Wednesday isnt a corporate Day, the brand new instantly before Business day); given, not, you to NationsBank will never be needed to consult refundings of Tranche C Funds hereunder in the aggregate amounts of lower than $5,000,.
4(e) Percentage off Dominant. Subject to new prepayment requirements out of Section eight(f) and you may earlier refunding pursuant to Paragraph 4(c) above, the business shall afford the prominent number of for each Tranche C Loan towards the Maturity Go out.
4(f) Sheer Responsibility to help you Refund. No matter if unconditionally lenders is prohibited of refunding the respective ratable portion of Tranche C Money given that Tranche A committed Loans because offered herein, upcoming in place of refunding Tranche C Finance just like the Tranche A loyal Fund, through to demand off NationsBank and susceptible to this new proviso of your own immediately preceding sentence, per Bank (except that NationsBank) should get and take off NationsBank a single contribution demand for every Tranche C Money outstanding hereunder regarding the level of particularly Lender’s Fee Share thereof.
5(a) Quote Loan Credit limit. The organization get periodically, towards the conditions and you can susceptible to brand new criteria set based on a $10000 loan amount forth here, demand the lenders to help you offer fixed cost of which they would, personally, anticipate to finance improves on the Company hereunder during the an excellent stated dollar count as well as a stated Quote Loan Notice Several months (“Bid Loans”); given, yet not, you to inside the zero skills shall:
(ii) Maximum Aggregate Borrowing limit without having the amount of the new aggregate dollars level of Tranche A loyal Finance, Tranche B Fund and you may Tranche C Financing a good, the L/C Available Amount and people unrepaid L/C Drawings; and
Such refundings should be made by lenders (and NationsBank) prior to their particular Percentage Offers and you may will, after that, be reflected once the Tranche A committed Loans of your Lenders on the the new instructions and you can details of your Management Agent
(iii) The new Guarantee Value of the fresh Factory Borrowing from the bank Feet also any Supplemental Dollars Equity kept by Management Agent, minus the sum of the aggregate money number of all the Tranche A committed Finance and
5(b) Strategies to own Request for Bid Finance. Should your Providers desires to demand the advance out of Quote Fund, they will send into the Management Agent (which birth could be from the fax transmission) a properly conducted Bid Loan Demand towards the 3rd Business day prior to the suggested investment big date, and therefore Bid Financing Demand shall identify:
