Common use of Amount and Timing of Advances Clause in Contracts

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day; (b) in the event that the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before the third Business Day before the Requested Advance Date specified in such Advance Request, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested Advance Date and the related Advance Request Approval Notice are received by FFB, unless the Borrower delivers to FFB and RUS a written cancellation of such Advance Request or a replacement Advance Request specifying a Requested Advance Date later than the expiration of the applicable advance notice period; and (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower delivers to FFB and RUS a written cancellation of such Advance Request or a replacement Advance Request specifying a Requested Advance Date later than when such Uncontrollable Cause ceases to prevent FFB from making such Advance.

Appears in 11 contracts

Samples: Bond Purchase Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Bond Purchase Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Bond Purchase Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day; (b) in the event that FFB receives the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before later than the third Business Day before the Requested Advance Date specified in such Advance Request, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested FFB receives such Advance Date and the related Advance Request Approval Notice are received by FFBRequest, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date later than the expiration of the applicable advance notice period; andDate; (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date; and (d) in the event that FFB receives, not later than 3:30 p.m. (Washington, DC, time) on the Business Day immediately before the Requested Advance Date later than when such Uncontrollable Cause ceases specified in an Advance Request, a written notice delivered by facsimile transmission of withdrawal or cancellation of the Advance Request Approval Notice, and telephonic confirmation of the withdrawal or cancellation, from an official of the Department whose name, title, and telephone number appear on the Certificate Specifying Authorized Department Officials that has been delivered by the Secretary to prevent FFB from making such pursuant to section 3.1.3 or section 6.1 of the Program Financing Agreement, FFB shall not make the respective Advance.

Appears in 3 contracts

Samples: Note Purchase Agreement (Tesla Motors Inc), Note Purchase Agreement (Solyndra, Inc.), Note Purchase Agreement (Beacon Power Corp)

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day; (b) in the event that FFB receives the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before later than: (i) the third Business Day before the Requested Advance Date specified in such Advance RequestRequest if the Requested Advance Amount specified in the respective Advance Request is less than $500,000,000, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested FFB receives such Advance Date and the related Advance Request Approval Notice are received by FFBRequest, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date; (ii) the fifth Business Day before the Requested Advance Date specified in such Advance Request if the Requested Advance Amount specified in the respective Advance Request is equal to or greater than $500,000,000 but less than $2,000,000,000, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the expiration fifth Business Day after FFB receives such Advance Request, unless the Borrower delivers to FFB and the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date; (iii) the applicable advance notice period; andtenth Business Day before the Requested Advance Date specified in such Advance Request if the Requested Advance Amount specified in the respective Advance Request is equal to or greater than $2,000,000,000, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the tenth Business Day after FFB receives such Advance Request, unless the Borrower delivers to FFB and the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date; (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date; and (d) in the event that FFB receives, not later than 3:30 p.m. (Washington, DC, time) on the Business Day immediately before the Requested Advance Date later than when such Uncontrollable Cause ceases specified in an Advance Request, a written notice delivered by facsimile transmission of withdrawal or cancellation of the Advance Request Approval Notice, and telephonic confirmation of the withdrawal or cancellation, from an official of the Department whose name, title, and telephone number appear on the Certificate Specifying Authorized Department Officials that has been delivered by the Secretary to prevent FFB from making such pursuant to section 3.1.3 or section 6.1 of the Program Financing Agreement, FFB shall not make the respective Advance.

Appears in 3 contracts

Samples: Note Purchase Agreement (Oglethorpe Power Corp), Note Purchase Agreement (Georgia Power Co), Note Purchase Agreement (Oglethorpe Power Corp)

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day; (b) in the event that FFB receives the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before later than the third Business Day before the Requested Advance Date specified in such Advance Request, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested FFB receives such Advance Date and the related Advance Request Approval Notice are received by FFBRequest, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date later than the expiration of the applicable advance notice period; andDate; (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date; and (d) in the event that FFB receives, not later than 3:30 p.m. (Washington, DC, time) on the Business Day immediately before the Requested Advance Date later than when such Uncontrollable Cause ceases specified in an Advance Request, a written notice delivered by facsimile transmission of withdrawal or cancellation of the Advance Request Approval Notice, and telephonic confirmation of the withdrawal or cancellation, from an official of the Department whose name, title, and telephone number appear on the Certificate Specifying Authorized Department Officials that has been delivered by the Secretary to prevent FFB from making such pursuant to section 3.1.3 or section 6.1 of the Program Financing Agreement, FFB shall not make the respective Advance.

Appears in 1 contract

Samples: Note Purchase Agreement (Ford Motor Co)

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day;; RUS (b) in the event that the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before the third Business Day before the Requested Advance Date specified in such Advance Request, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested Advance Date and the related Advance Request Approval Notice are received by FFB, unless the Borrower delivers to FFB and RUS a written cancellation of such Advance Request or a replacement Advance Request specifying a Requested Advance Date later than the expiration of the applicable advance notice period; and (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower delivers to FFB and RUS a written cancellation of such Advance Request or a replacement Advance Request specifying a Requested Advance Date later than when such Uncontrollable Cause ceases to prevent FFB from making such Advance.

Appears in 1 contract

Samples: Bond Purchase Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day;; NOTE PURCHASE AGREEMENT - page 15 DOE (Title XVII) SOLYNDRA (b) in the event that FFB receives the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before later than the third Business Day before the Requested Advance Date specified in such Advance Request, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested FFB receives such Advance Date and the related Advance Request Approval Notice are received by FFBRequest, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date later than the expiration of the applicable advance notice period; andDate; (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date; and (d) in the event that FFB receives, not later than 3:30 p.m. (Washington, DC, time) on the Business Day immediately before the Requested Advance Date later than when such Uncontrollable Cause ceases specified in an Advance Request, a written notice delivered by facsimile transmission of withdrawal or cancellation of the Advance Request Approval Notice, and telephonic confirmation of the withdrawal or cancellation, from an official of the Department whose name, title, and telephone number appear on the Certificate Specifying Authorized Department Officials that has been delivered by the Secretary to prevent FFB from making such pursuant to section 3.1.3 or section 6.1 of the Program Financing Agreement, FFB shall not make the respective Advance.

Appears in 1 contract

Samples: Note Purchase Agreement

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: : (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day; ; (b) in the event that the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before consistent with the third Business Day before the Requested Advance Date specified applicable advance notice requirement prescribed in such Advance Requestsection 7.3.2(b) of this Agreement, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after expiration of the date on which the Requested Advance Date and the related Advance Request Approval Notice are received by FFBapplicable advance notice period, unless the Borrower delivers to FFB and RUS a written cancellation of such Advance Request or a replacement Advance Request specifying a Requested Advance Date later than the expiration of the applicable advance notice period; and and (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on Request and the related Advance Request Approval Notice are received by FFB, and the Requested Advance Date Amount specified in the respective such Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases when added to prevent FFB from making such Advance, unless the aggregate principal amount of: (1) all Advances made to the Borrower delivers under the Bond, and (2) all advances of funds made by FFB to FFB and RUS a written cancellation of such Advance Request or a replacement Advance Request specifying a Requested Advance Date later than when such Uncontrollable Cause ceases to prevent FFB from making such Advance.the Borrower under any other future advance bond issued by

Appears in 1 contract

Samples: Bond Purchase Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day; (b) in the event that the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before consistent with the third Business Day before the Requested Advance Date specified applicable advance notice requirement prescribed in such Advance Requestsection 7.3.2(b) of this Agreement, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after expiration of the date on which the Requested Advance Date and the related Advance Request Approval Notice are received by FFBapplicable advance notice period, unless the Borrower delivers to FFB and RUS a written cancellation of such Advance Request or a replacement Advance Request specifying a Requested Advance Date later than the expiration of the applicable advance notice period; and (c) in the event that the respective Advance Request and the related Advance Request Approval Notice are received by FFB, and the Requested Advance Amount specified in such Advance Request, when added to the aggregate principal amount of: (1) all Advances made to the Borrower under the Bond, and (2) all advances of funds made by FFB to the Borrower under any other future advance bond issued by the Borrower to FFB and guaranteed by RUS under the Guarantee Authority, during the immediately preceding 10 Business Days, shall cause the resulting sum to exceed $2,000,000,000, then FFB shall make the Advance as soon as practicable thereafter, but in any event not later than the tenth Business Day after the date of receipt, unless the Borrower delivers to FFB and RUS a written cancellation of such Advance Request or a replacement Advance Request specifying a Requested Advance Date later than the tenth Business Day after the date of receipt; and (d) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower delivers to FFB and RUS a written cancellation of such Advance Request or a replacement Advance Request specifying a Requested Advance Date later than when such Uncontrollable Cause ceases to prevent FFB from making such Advance.

Appears in 1 contract

Samples: Bond Purchase Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day; (b) in the event that FFB receives the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before later than the third Business Day before the Requested Advance Date specified in such Advance Request, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested FFB receives such Advance Date and the related Advance Request Approval Notice are received by FFBRequest, unless the Borrower Qualified Issuer delivers to FFB and RUS the CDFI Fund a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date later than the expiration of the applicable advance notice periodDate; and (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower Qualified Issuer delivers to FFB and RUS the CDFI Fund a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date later than when such Uncontrollable Cause ceases to prevent FFB from making such AdvanceDate.

Appears in 1 contract

Samples: Bond Purchase Agreement

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Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations:: ​ (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day;; ​ (b) in the event that FFB receives the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before later than the third Business Day before the Requested Advance Date specified in such Advance Request, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested FFB receives such Advance Date and the related Advance Request Approval Notice are received by FFBRequest, unless the Borrower delivers to FFB and RUS the ​ ​ ​ Administrator a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date later than the expiration of the applicable advance notice period; andDate; (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower delivers to FFB and RUS the Administrator a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date; and ​ (d) in the event that FFB receives, not later than 12:00 pm (Washington, DC time) on the Requested Advance Date later than when such Uncontrollable Cause ceases specified in an Advance Request, a written notice delivered by facsimile or email from an official of the Administrator (whose name, title and telephone number appear on the Certificate Specifying Authorized Agency Officials/Incumbency) stating that all conditions precedent to prevent the respective Advance have not been satisfied, FFB from making such shall not make the respective Advance.. ​

Appears in 1 contract

Samples: Note Purchase Agreement (Matson, Inc.)

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day; (b) in the event that FFB receives the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before later than the third Business Day before the Requested Advance Date specified in such Advance Request, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested FFB receives such Advance Date and the related Advance Request Approval Notice are received by FFBRequest, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date later than the expiration of the applicable advance notice periodDate; andDOE (ATV) TESLA MOTORS, INC. (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date; and (d) in the event that FFB receives, not later than 3:30 p.m. (Washington, DC, time) on the Business Day immediately before the Requested Advance Date later than when such Uncontrollable Cause ceases specified in an Advance Request, a written notice delivered by facsimile transmission of withdrawal or cancellation of the Advance Request Approval Notice, and telephonic confirmation of the withdrawal or cancellation, from an official of the Department whose name, title, and telephone number appear on the Certificate Specifying Authorized Department Officials that has been delivered by the Secretary to prevent FFB from making such pursuant to section 3.1.3 or section 6.1 of the Program Financing Agreement, FFB shall not make the respective Advance.

Appears in 1 contract

Samples: Note Purchase Agreement

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day; (b) in the event that FFB receives the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before later than the third Business Day before the Requested Advance Date specified in such Advance Request, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested FFB receives such Advance Date and the related Advance Request Approval Notice are received by FFBRequest, unless the Borrower delivers to FFB and RUS the Administrator a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date later than the expiration of the applicable advance notice period; andDate; (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower delivers to FFB and RUS the Administrator a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date; and (d) in the event that FFB receives, not later than 12:00 pm (Washington, DC time) on the Requested Advance Date later than when such Uncontrollable Cause ceases specified in an Advance Request, a written notice delivered by facsimile or email from an official of the Administrator (whose name, title and telephone number appear on the Certificate Specifying Authorized Agency Officials/Incumbency) stating that all conditions precedent to prevent the respective Advance have not been satisfied, FFB from making such shall not make the respective Advance.

Appears in 1 contract

Samples: Note Purchase Agreement (Matson, Inc.)

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day; ; (b) in the event that FFB receives the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before later than: (i) the third Business Day before the Requested Advance Date specified in such Advance RequestRequest if the Requested Advance Amount specified in the respective Advance Request is less than $500,000,000, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested FFB receives such Advance Date and the related Advance Request Approval Notice are received by FFBRequest, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date later than the expiration of the applicable advance notice period; andDate; (cii) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on fifth Business Day before the Requested Advance Date specified in such Advance Request if the Requested Advance Amount specified in the respective Advance RequestRequest is equal to or greater than $500,000,000 but less than $2,000,000,000, FFB shall make such the respective Advance as soon as practicable thereafter, but in any event not later than the fifth Business Day after FFB receives such Uncontrollable Cause ceases to prevent FFB from making such AdvanceAdvance Request, unless the Borrower delivers to FFB and RUS the Secretary a written cancellation of such Advance Request or a replacement Advance Request specifying a later Requested Advance Date; (iii) the tenth Business Day before the Requested Advance Date specified in such Advance Request if the Requested Advance Amount specified in the respective Advance Request is equal to or greater than $2,000,000,000, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than when the tenth Business Day after FFB receives such Uncontrollable Cause ceases Advance Request, unless the Borrower delivers to prevent FFB from making and the Secretary a written cancellation of such Advance.Advance Request or a replacement Advance Request specifying a later Requested Advance Date;

Appears in 1 contract

Samples: Note Purchase Agreement (Georgia Power Co)

Amount and Timing of Advances. FFB shall make each Advance in the Requested Advance Amount specified in the respective Advance Request and on the Requested Advance Date specified in the respective Advance Request, subject to satisfaction of the conditions specified in section 7.3 of this Agreement and subject to the following additional limitations: (a) in the event that the Requested Advance Date specified in the respective Advance Request is not a Business Day, FFB shall make the respective Advance on the first day thereafter that is a Business Day; (b) in the event that the respective Advance Request and the related Advance Request Approval Notice are not received by FFB on or before the third Business Day before the Requested Advance Date specified in such Advance Request, FFB shall make the respective Advance as soon as practicable thereafter, but in any event not later than the third Business Day after the date on which the Requested Advance Date and the related Advance Request Approval Notice are received by FFB, unless the Borrower delivers to FFB and RUS a written cancellation of such Advance Request or a replacement Advance Request specifying a Requested Advance Date later than the expiration of the applicable advance notice period; and (c) in the event that an Uncontrollable Cause prevents FFB from making the respective Advance on the Requested Advance Date specified in the respective Advance Request, FFB shall make such Advance as soon as such Uncontrollable Cause ceases to prevent FFB from making such Advance, unless the Borrower delivers to FFB and RUS a written cancellation of such Advance Request or a replacement Advance Request specifying a Requested Advance Date later than when such Uncontrollable Cause ceases to prevent FFB from making such Advance.

Appears in 1 contract

Samples: Bond Purchase Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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