(i) New aggregate money number of all Tranche A committed Loans an excellent (together with every Tranche A committed Financing to get financed towards suggested date off financing of requested Tranche C Financing);
4(b) Money out of Tranche C Financing. Upon bill by the NationsBank, acting with its capabilities because Management Representative hereunder, away from a loan And you can/Otherwise Rate of interest Election Obtain a beneficial Tranche C Mortgage, NationsBank, pretending within its strength since the Tranche C Lender hereunder, will get better the degree of the Tranche C Loan otherwise Loans asked with regards to financing the company’s surgery into good consistent basis versus requiring every day fundings about appropriate Lenders.
Subject to Section 4(f) less than, the fresh new Management Agent shall, up on the density out of a meeting out of Default and acceleration off the latest Financial obligation, demand a good refunding hereunder of the many Tranche C Loans a fantastic because of these date
4(c) Refunding out-of Tranche C Funds from the Loan providers. Tranche C Financing is going to be reimbursed by Loan providers to help you NationsBank through to request out-of NationsBank from the Administrative Representative, and that request will be produced don’t frequently than simply just after for each and every Business day no shorter apparently than each week (and you can, in any event, on every Wednesday or, if any Wednesday isnt a corporate Time, the brand new instantaneously before Business day); offered, but not, you to definitely NationsBank will not required to demand refundings out-of Tranche C Fund hereunder inside the aggregate amounts of less than $5,000,.
4(e) Commission from Dominant. Susceptible to brand new prepayment standards of Paragraph eight(f) and you will earlier refunding pursuant to help you Paragraph 4(c) above, the company should pay the principal quantity of for each and every Tranche C Financing for the Maturity Day.
4(f) Sheer Responsibility so installment loans in Nevada you’re able to Refund. No matter if unconditionally lenders is going to be prohibited out-of refunding its respective ratable percentage of Tranche C Funds due to the fact Tranche A committed Fund while the given herein, up coming unlike refunding Tranche C Financing since the Tranche A committed Fund, through to request off NationsBank and you can susceptible to the new proviso of your own immediately before sentence, for each and every Financial (except that NationsBank) should pick or take regarding NationsBank just one participation demand for every Tranche C Funds a fantastic hereunder regarding amount of particularly Lender’s Commission Share thereof.
5(a) Quote Loan Borrowing limit. The organization can get periodically, towards the conditions and you may subject to this new criteria set forth here, demand the lenders in order to estimate repaired costs of which they’d, physically, be ready to loans advances on the Company hereunder from inside the a beneficial said dollars count as well as a stated Quote Mortgage Attract Several months (“Bid Funds”); provided, however, one to inside no skills will:
(ii) The maximum Aggregate Credit limit without having the amount of the brand new aggregate buck level of Tranche A committed Financing, Tranche B Fund and Tranche C Fund a good, the L/C Offered Matter and you can people unrepaid L/C Illustrations; and you may
Such as for example refundings are created by lenders (also NationsBank) prior to their respective Percentage Shares and you can will, thereafter, feel reflected given that Tranche A committed Money of your own Lenders for the the fresh new books and you will suggestions of one’s Management Broker
(iii) This new Collateral Worth of the latest Warehouse Borrowing Base in addition to any Extra Dollars Equity kept because of the Management Agent, without the sum of brand new aggregate buck quantity of most of the Tranche A loyal Financing and you can
5(b) Strategies to own Request Bid Financing. If your Organization would like to consult the advance off Quote Money, it shall send with the Administrative Representative (hence delivery may be of the facsimile sign) a duly done Bid Financing Consult on third Business day prior to the advised money date, and that Quote Financing Request shall indicate: