Common use of Money Market Loans Clause in Contracts

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)

AutoNDA by SimpleDocs

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)

AutoNDA by SimpleDocs

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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!