Liquidity Bank Funding. 7 Section 4.2
Liquidity Bank Funding. Prior to the occurrence of an Amortization Event, the outstanding principal balance of each Liquidity Funding shall accrue interest for each day during its Interest Period at either the LIBO Rate or the Alternate Base Rate in accordance with the terms and conditions hereof. Until Borrower gives notice to the Agent of another Interest Rate in accordance with Section 4.4, the initial Interest Rate for any Loan transferred to the Liquidity Banks by Blue Ridge pursuant to the Liquidity Agreement shall be the Alternate Base Rate (unless the Default Rate is then applicable). If the Liquidity Banks acquire by assignment from Blue Ridge any Loan pursuant to the Liquidity Agreement, each Loan so assigned shall each be deemed to have an Interest Period commencing on the date of any such assignment.
Liquidity Bank Funding. Prior to the occurrence of an Amortization Event, the outstanding principal balance of each Liquidity Funding shall, subject to the provisions of Section 1.2 and 1.6(c) relating to Loans made by any Lender, accrue interest for each day during its Interest Period at either the LIBO Rate or the Alternate Base Rate in accordance with the terms and conditions hereof. Subject to the provisions of Section 1.2 and 1.6(c) relating to Loans made by any Lender, until Borrower gives notice to the Lender Group Agent for each Lender Group of another Interest Rate in accordance with Section 4.4, the initial Interest Rate for any Loan made by any Conduit that is transferred to the Liquidity Banks for such Conduit’s Lender Group pursuant to the related Liquidity Agreement shall be the Alternate Base Rate (unless the Default Rate is then applicable). If the Liquidity Banks of a Lender Group acquire by assignment from the related Conduit any Loan pursuant to the Liquidity Agreement for such Lender Group, each such Loan so assigned shall be deemed to have an Interest Period commencing on the date of any such assignment.
Liquidity Bank Funding. Each Receivable Interest of any Conduit's Liquidity Banks shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Alternate Base Rate in accordance with the terms and conditions hereof. Until Transferor gives notice to the applicable Co-Agent of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Receivable Interest transferred by a Conduit to its Liquidity Banks pursuant to the terms and conditions of its Liquidity Agreement, or funded by the Liquidity Banks pursuant to this Agreement, shall be the Alternate Base Rate. If any Conduit's Liquidity Banks acquire by assignment from such Conduit any Receivable Interest pursuant to the applicable Liquidity Agreement, each Receivable Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment.
Liquidity Bank Funding. Prior to the occurrence of an Amortization Event, the outstanding principal balance of each Liquidity Funding shall accrue interest for each day during its Interest Period at either the LIBO Rate or the Alternate Base Rate in accordance with the terms and conditions hereof. Until Borrower gives notice to the applicable Co-Agent of another Interest Rate in accordance with Section 4.4, the initial Interest Rate for any Loan transferred to the Liquidity Banks by the applicable Conduit pursuant to the applicable Liquidity Agreement shall be the Alternate Base Rate (unless the Default Rate is then applicable). If the applicable Liquidity Banks acquire by assignment from the applicable Conduit any Loan pursuant to the applicable Liquidity Agreement, each Loan so assigned shall each be deemed to have an Interest Period commencing on the date of any such assignment.
Liquidity Bank Funding. Each Receivable Interest of the Liquidity Banks shall accrue Discount at either the LIBO Rate or the Base Rate in accordance with the terms and conditions hereof. Discount shall accrue for each such Receivable Interest for each day occurring during the Tranche Period associated with either the LIBO Rate or the Base Rate therefor. If any Funding Source acquires by assignment or otherwise any interest in a Receivable Interest pursuant to a Funding Agreement, such interest shall be deemed to have a new Tranche Period commencing on the date of any such acquisition.
Liquidity Bank Funding. Prior to the occurrence of an Amortization Event, the outstanding principal balance of each Liquidity Funding shall accrue interest for each day during its Interest Period at either the LIBO Rate or the Alternate Base Rate in accordance with the terms and conditions hereof. Until the Borrower gives notice to the Agent of another Interest Rate in accordance with Section 4.4, the initial Interest Rate for any Loan transferred to the Liquidity Banks by VFCC pursuant to the Liquidity Agreement shall be the Alternate Base Rate (unless the Default Rate is then applicable). If the Liquidity Banks acquire by assignment from VFCC any Loan pursuant to the Liquidity Agreement, each Loan so assigned shall each be deemed to have an Interest Period commencing on the date of any such assignment.
Liquidity Bank Funding. ......................................8 Section 4.2 Interest Payments..............................................8 Section 4.3 Selection and Continuation of Interest Periods.................8 Section 4.4 Liquidity Bank Interest Rates..................................8 Section 4.5 Suspension of the LIBO Rate....................................9 Section 4.6 Default Rate...................................................9
Liquidity Bank Funding. Prior to the occurrence of an Amortization Event (other than as a result of a voluntary termination of either (x) the facility evidenced by this Agreement or (y) the facility evidenced by the Receivables Sale Agreement, except if in either case another Amortization Event has occurred or thereafter occurs), the outstanding principal balance of each Liquidity Funding shall accrue interest for each day during its Interest Period at either the LIBO Rate or the Alternate Base Rate in accordance with the terms and conditions hereof. Until Borrower gives notice to the Agent of another Interest Rate in accordance with Section 4.4, the initial Interest Rate for any Loan transferred to the Liquidity Banks by Victory pursuant to the Liquidity Agreement shall be the Alternate Base Rate (unless the Default Rate is then applicable). If the Liquidity Banks acquire by assignment from Victory any Loan pursuant to the Liquidity Agreement, each Loan so assigned shall be deemed to have an Interest Period commencing on the date of any such assignment and ending on a date determined pursuant to the definition of Interest Period.
Liquidity Bank Funding. 9 Section 4.1 Liquidity Bank Funding 9 Section 4.2 Interest Payments. 9 Section 4.3
