Delayed Funding. Notwithstanding anything to the contrary in this Agreement, at any time after any Seller delivers a Purchase notice in respect of a Receivable Pool pursuant to Section 1.2(a), and prior to the Purchase Date requested thereby, any Purchaser Agent (on behalf of the Purchasers in its Purchaser Group) that has delivered the certifications set forth in the following paragraph may notify the applicable Administrative Agent, each Purchaser Agent and the Servicer and the Sellers in writing (such notice, a “Delayed Purchase Notification”) of its Purchaser Group’s intention to fund all or any portion of its Ratable Share of such Purchase on the Delayed Purchase Date rather than on the requested Purchase Date. If any Purchaser Agent so delivers a Delayed Purchase Notification with respect to a requested Purchase Date, no Purchaser shall be obligated to, or shall, fund the related Purchase (or such Purchaser’s portion thereof) until the applicable Delayed Purchase Date, and the Sellers may (i) not later than three (3) Business Days prior to such Delayed Purchase Date, deliver an updated Purchase notice to the applicable Administrative Agent in accordance with Section 1.2(a) specifying the information set forth in clauses (A) through (C) thereof with respect to such Delayed Purchase Date, and such Delayed Purchase Date shall constitute a Purchase Date for all purposes hereof or (ii) at any time prior to the third (3rd) Business Day preceding the Delayed Purchase Date, rescind the Purchase notice partially or in its entirety (and if partially, pro rata among the Purchaser Groups in accordance with the terms of this Agreement and the amount of such partial reduction shall be an amount at least equal to $10,000,000 for any Purchase and in integral multiples of $100,000 in excess thereof). In the event the Sellers comply with clause (i) above following any Delayed Purchase Notification, all Purchaser Groups shall fund their respective portions of the applicable Purchase on the applicable Delayed Purchase Date (rather than on the Sellers’ originally requested Purchase Date) so long as all conditions precedent to Purchases set forth herein are satisfied on such Delayed Purchase Date. If any Purchaser Agent delivers a Delayed Purchase Notification pursuant to this Section 1.2(i), such Purchaser Agent shall (i) concurrently with such delivery, deliver to the applicable Administrative Agent, each Purchaser Agent and the Sellers a certification by such Purchaser Agent or the Com...
Delayed Funding. If Seller incurs additional costs or is delayed in the performance of the work under this Contract, solely by reason of the failure of Buyer to provide additional funds in amounts sufficient for the timely performance of this Contract, and if additional funds are later provided to resume performance, the parties agree to negotiate an equitable adjustment in the price or prices (including appropriate target, billing, and ceiling prices where applicable) or in the time of delivery, or both. Failure to agree to any such equitable adjustment hereunder will be a dispute concerning a question of fact within the meaning of the clause entitled “Disputes.”
Delayed Funding. XXXXXX POCKET may delay depositing the funds of a loan:
i. If it foresees a discrepancy in the accuracy of the information provided by the borrowers or lenders;
ii. To identify the new lenders, in case of non-commitment of the chosen lenders for the proposed listing;
iii. In case of delay in deposits by the committed lenders.
Delayed Funding. Sudha Pocket may delay funding of a loan:
a) If it foresees a discrepancy in the accuracy of the information provided by the borrowers or lenders;
b) To identify the new lenders, in case of non-commitment of the chosen lenders for the proposed listing;
c) In case of delay in deposits by the committed lenders.
Delayed Funding. Kisan Instant may delay depositing the funds of a loan:
i. If it foresees a discrepancy in the accuracy of the information provided by the borrowers or lenders;
ii. To identify the new lenders, in case of non-commitment of the chosen lenders for the proposed listing;
iii. In case of delay in deposits by the committed lenders.
Delayed Funding. RupeeCircle may delay depositing the funds of a loan if it foresees any discrepancy in the accuracy of the information provided by the Eligible Borrower or Eligible Lenders; or
Delayed Funding. XXXXX XXXXX POCKET may delay funding of a loan:
a) If it foresees a discrepancy in the accuracy of the information provided by the borrowers or lenders;
b) To identify the new lenders, in case of non-commitment of the chosen lenders for the proposed listing;
c) In case of delay in deposits by the committed lenders.
Delayed Funding. If (i) the Investors or any one of them have funded their portion of an Advance requested on any Advance Date or any Postponed Advance Date (as defined below), or (ii) the Conduit has funded its portion of an Advance requested on any Advance Date or any Postponed Advance Date, or (iii) HSFC has funded its portion of an Advance requested on any Advance Date or any Postponed Advance Date, or (iv) all the Liquidity Purchasers have funded their respective portion of an Advance requested on any Advance Date or Postponed Advance Date, and in each case any Investor, HSFC, the Liquidity Purchasers or (except in the case where it has decided in its discretion not to fund such Advance) the Conduit has not made available its portion of such Advance it is otherwise obligated to make available (as such, a "Postponed Advance"), interest ("Postponement Interest") or yield ("Postponement Yield"), as
Delayed Funding. If, for any reason, the applicable Asset to be financed hereunder on the date specified in the relevant Loan Request (the “Scheduled Drawdown Date”) shall not be so financed on or prior to seven Business Days (or such longer period as agreed by the Borrower and the Administrative Agent) after the Scheduled Drawdown Date (the “Cutoff Date”), the funds held in the Funding Account (the “Prepositioned Funds”), and earnings - 58 - thereon, shall be invested and reinvested by the Security Trustee at the sole direction, for the account, and at the risk of the Borrower in an overnight investment selected by the Borrower and acceptable to the Security Trustee. If the actual Drawdown Date for the applicable Asset is a date falling after the Scheduled Drawdown Date, the Borrower shall pay interest at the Interest Rate to each Lender on the amount of its Prepositioned Funds for the period from and including such Scheduled Drawdown Date to but excluding the earlier of (A) the actual Drawdown Date for such Asset or (B) the Cutoff Date. Interest on the Prepositioned Funds accrued pursuant to the preceding sentence shall be paid on the next succeeding Payment Date. If, for any reason, the Asset to be financed hereunder shall not be so financed on or prior to the Cutoff Date, the Security Trustee shall return each Lender’s portion of the Prepositioned Funds to such Lender.
Delayed Funding. NSTXL shall not be liable to the PROJECT AGREEMENT HOLDER for any charge, cost, fee, interest payment or other penalty where a delay in funding is not the direct result of an NSTXL willful act and/or omission to withhold funds, including any delay by the Government to release funds, that are owed and due to the PROJECT AGREEMENT HOLDER.
