Common use of Financial Institution Funding Clause in Contracts

Financial Institution Funding. Each Purchaser Interest ----------------------------- of the Financial Institutions shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Base Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the Agent of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Purchaser ----------- Interest transferred to the Financial Institutions pursuant to the terms and conditions hereof shall be the Base Rate. If the Financial Institutions acquire by assignment from PREFCO any Purchaser Interest pursuant to Article XIII, each ------------ Purchaser Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment.

Financial Institution Funding. Each Purchaser Interest of ----------------------------- of the Financial Institutions shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Base Prime Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the Agent of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any ----------- Purchaser ----------- Interest transferred to the Financial Institutions pursuant to the terms and conditions hereof shall be the Base Prime Rate. If the Financial Institutions acquire by assignment from PREFCO Conduit any Purchaser Interest pursuant to Article XIII, each ------------ Purchaser Interest so assigned shall each be deemed to ------------- have a new Tranche Period commencing on the date of any such assignment.

Financial Institution Funding. Each Purchaser Interest ----------------------------- of the Financial Institutions shall accrue Financial Institution Yield for each day during its Tranche Period at either the LIBO Rate or the Base Prime Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the Agent of another Discount Rate in XXXXXXXXX RECEIVABLES PURCHASE AGREEMENT accordance with Section 4.4, the initial Discount Rate for any Purchaser ----------- Interest transferred to the Financial Institutions pursuant to the terms and conditions hereof shall be the Base Prime Rate. If the Financial Institutions acquire by assignment from PREFCO Conduit any Purchaser Interest pursuant to Article XIII, each ------------ Purchaser Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment.

Financial Institution Funding. Each Purchaser Interest ----------------------------- of the ----------------------------- Financial Institutions shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Base Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the Agent of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Purchaser ----------- Interest transferred to the Financial Institutions by Conduit pursuant to the terms and conditions hereof shall be the Base Rate. If the Financial Institutions acquire by assignment from PREFCO Conduit any Purchaser Interest pursuant to Article XIII, each ------------ Purchaser Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment.