Common use of Liquidity Bank Funding Clause in Contracts

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. Each Receivable Purchaser Interest of any either Conduit's ’s Liquidity Banks shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Alternate Base Prime Rate in accordance with the terms and conditions hereof. Until Transferor Seller gives notice to the applicable Co-Agent of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Receivable Purchaser 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, Agreement shall be the Alternate Base Prime Rate. If any either Conduit's ’s Liquidity Banks acquire by assignment from such Conduit any Receivable Purchaser Interest pursuant to the applicable Liquidity Agreement, each Receivable Purchaser Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment.

Liquidity Bank Funding. Each Receivable Interest of any either ---------------------- Conduit's Liquidity Banks shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Alternate Base Prime Rate in accordance with the terms and conditions hereof. Until Transferor Seller 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 Prime Rate. If any either 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.