All of the Tranche C Money shall be instantly appointed since Tranche A great The amount of time Fund to the and also as of such refunding go out

(i) New aggregate dollars level of most of the Tranche A committed Fund a good (and the Tranche A loyal Funds becoming funded to your recommended date away from financing of your own asked Tranche C Financing);

4(b) Money out-of Tranche C Finance. Abreast of bill from the NationsBank, pretending in its skill given that Management Broker hereunder, out-of that loan And you may/Or Interest rate Election Obtain a beneficial Tranche C Mortgage, NationsBank, pretending with its potential as Tranche C Bank hereunder, shall get better the degree online payday loans Hawai of the fresh Tranche C Financing otherwise Finance expected for the true purpose of financing the company’s surgery into the a consistent basis rather than demanding each and every day fundings in the applicable Loan providers.

Subject to Section 4(f) lower than, the Management Broker should, on this new density away from an event of Default and you will speed off the new Financial obligation, consult a good refunding hereunder of all Tranche C Money the as the of such date

4(c) Refunding away from Tranche C Loans by the Loan providers. Tranche C Money are reimbursed by Lenders to NationsBank upon request away from NationsBank from the Administrative Broker, hence consult might possibly be made not apparently than simply immediately after for each Working day without less frequently than just per week (and, anyhow, on every Wednesday or, or no Wednesday is not a business Big date, the fresh new immediately preceding Business day); provided, however, that NationsBank shall not expected to consult refundings regarding Tranche C Funds hereunder into the aggregate levels of less than $5,000,.

4(e) Percentage away from Prominent. Susceptible to the prepayment conditions from Part seven(f) and before refunding pursuant to help you Section 4(c) a lot more than, the company shall afford the principal number of each Tranche C Mortgage on the Readiness Date.

4(f) Natural Duty so you can Refund. Whether or not unconditionally the lenders can be banned regarding refunding its particular ratable portion of Tranche C Loans due to the fact Tranche A committed Funds because the provided here, up coming in place of refunding Tranche C Funds since the Tranche A loyal Funds, through to consult away from NationsBank and you may subject to the brand new proviso of your immediately before phrase, for each Financial (aside from NationsBank) will buy and take away from NationsBank a single involvement demand for most of the Tranche C Finance a great hereunder regarding the amount of such Lender’s Payment Share thereof.

5(a) Quote Financing Borrowing limit. The firm will get periodically, on terms and you can susceptible to the fresh new criteria established here, demand the lenders so you can quote repaired pricing where they might, individually, be ready to finance enhances on Team hereunder from inside the a beneficial stated dollar number and also for a stated Quote Loan Desire Several months (“Bid Money”); considering, however, that for the no enjoy should:

(ii) The utmost Aggregate Credit limit with no amount of new aggregate dollars number of Tranche A loyal Financing, Tranche B Loans and Tranche C Funds the, the newest L/C Available Count and any unrepaid L/C Drawings; and

Such refundings is made by lenders (plus NationsBank) prior to their particular Payment Offers and you can should, thereafter, be reflected as Tranche A loyal Funds of one’s Loan providers to your brand new books and you can facts of your own Administrative Agent

(iii) The latest Guarantee Property value the newest Facility Borrowing from the bank Foot and additionally one Extra Bucks Security stored by the Management Broker, without having the amount of new aggregate buck level of all Tranche A loyal Finance and you can

5(b) Actions to possess Request for Bid Loans. If the Providers wants to request the advance of Quote Loans, it shall deliver on the Management Broker (and this delivery can be because of the fax transmission) a duly performed Quote Mortgage Request towards the third Working day before the recommended investment go out, which Bid Mortgage Demand shall specify: