Money Market Loans. (a) In addition to Committed Loans pursuant to Section 2.1, a Borrower may, as set forth in this Section, request the appropriate Lenders during the Tranche A Availability Period or the Tranche B Availability Period, as applicable, to make offers to make Money Market Loans in United States Dollars to such Borrower; provided, however, that after giving effect to any Money Market Borrowing (i) the Total Outstandings applicable to TMCC shall not exceed the Aggregate Tranche A Commitments and (ii) the Total Outstandings applicable to TCPR shall not exceed the Aggregate Tranche B Commitments. The Lenders may, but shall have no obligation to, make such offers and the applicable Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.
Appears in 3 contracts
Samples: Credit Agreement (Toyota Motor Credit Corp), Credit Agreement (Toyota Motor Credit Corp), Day Credit Agreement (Toyota Motor Credit Corp)
Money Market Loans. (a) In addition to Committed Loans pursuant to Section 2.1, a Borrower may, as set forth in this Section, request the appropriate Lenders during the Tranche A Availability Period or the Tranche B Availability Period, as applicable, to make offers to make Money Market Loans in United States U.S. Dollars to such Borrower; provided, however, that after giving effect to any Money Market Borrowing (i) the Total Outstandings applicable to TMCC shall not exceed the Aggregate Tranche A Commitments and (ii) the Total Outstandings applicable to TCPR shall not exceed the Aggregate Tranche B Commitments. The Lenders may, but shall have no obligation to, make such offers and the applicable Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.
Appears in 1 contract
Samples: Five Year Credit Agreement (Toyota Motor Credit Corp)
Money Market Loans. (a) In addition to Committed Loans pursuant to Section 2.1, a Borrower TMCC or TCPR may, as set forth in this Section, request the appropriate Lenders during the Tranche A Availability Period or the Tranche B Availability Period, as applicable, to make offers to make Money Market Loans in United States US Dollars to such Borrower; provided, however, that after giving effect to any Money Market Borrowing (i) the Total Outstandings applicable to TMCC shall not exceed the Aggregate Tranche A Commitments and (ii) the Total Outstandings applicable to TCPR shall not exceed the Aggregate Tranche B Commitments. The Lenders may, but shall have no obligation to, make such offers and the applicable Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.
Appears in 1 contract
Samples: Assignment and Assumption (Toyota Motor Credit Corp)