Common use of Periodic Spread Information Clause in Contracts

Periodic Spread Information. Not later than 9:30 A.M. (New York City time) on a Business Day during the Issuance Period if there is an Available Facility Amount on such Business Day, the Company may request by email or telephone, and New York Life will, to the extent reasonably practicable, provide to the Company on such Business Day (or, if such request is received after 9:30 A.M. (New York City time) on such Business Day, on the following Business Day), information (by email or telephone) with respect to various spreads and margins at which New York Life or New York Life Affiliates might be interested in purchasing Shelf Notes of different average lives; provided, however, that the Company may not make such requests more frequently than once in every five Business Days or such other period as shall be mutually agreed to by the Company and New York Life. The amount and content of information so provided shall be in the sole discretion of New York Life but it is the intent of New York Life to provide information that will be of use to the Company in determining whether to initiate procedures for use of the Facility. Information so provided shall not constitute an offer to purchase Shelf Notes, and neither New York Life nor any New York Life Affiliate shall be obligated to purchase Shelf Notes at the spreads or margins specified. Information so provided shall be representative of potential interest only for the period commencing on the day such information is provided and ending on the earlier of the fifth Business Day after such day and the first day after such day on which further spread information is provided. New York Life may suspend or terminate providing information pursuant to this paragraph 2A(3) for any reason, including its determination that the credit quality of the Company has declined since the date of this Agreement.

Periodic Spread Information. Not later than 9:30 A.M. (New York City time) on a Business Day during the Issuance Period if there is an Available Facility Amount on such Business Day, the Company may request by email telecopier or telephone, and New York Life MetLife will, to the extent reasonably practicable, provide to the Company on such Business Day (or, if such request is received after 9:30 A.M. (New York City time) on such Business Day, on the following Business Day), information (by email telecopier or telephone) with respect to various spreads and margins at which New York Life MetLife or New York Life MetLife Affiliates might be interested in purchasing Shelf Notes of different average lives; provided, however, that the Company may not make such requests more frequently than once in every five Business Days or such other period as shall be mutually agreed to by the Company and New York LifeMetLife. The amount and content of information so provided shall be in the sole discretion of New York Life MetLife but it is the intent of New York Life MetLife to provide information that which will be of use to the Company in determining whether to initiate procedures for use of the Facility. Information so provided shall not constitute an offer to purchase Shelf Notes, and neither New York Life MetLife nor any New York Life MetLife Affiliate shall be obligated to purchase Shelf Notes at the spreads or margins specified. Information so provided shall be representative of potential interest only for the period commencing on the day such information is provided and ending on the earlier of the fifth Business Day after such day and the first day after such day on which further spread information is provided. New York Life MetLife may suspend or terminate providing information pursuant to this paragraph 2A(32B(3) for any reason, including its determination that the credit quality of the Company has declined since the date of this Agreement.

Periodic Spread Information. Not later than 9:30 A.M. (New York City time) on a Business Day during the Issuance Period if there is an Available Facility Amount on such Business Day, the Company may request by email telecopier or telephone, and New York Life will, to the extent reasonably practicable, provide to the Company on such Business Day (or, if such request is received after 9:30 A.M. (New York City time) on such Business Day, on the following Business Day), information (by email telecopier or telephone) with respect to various spreads and margins at which New York Life or New York Life Affiliates might be interested in purchasing Shelf Notes of different average lives; provided, however, that the Company may not make such requests more frequently than once in every five Business Days or such other period as shall be mutually agreed to by the Company and New York Life. The amount and content of information so provided shall be in the sole discretion of New York Life but it is the intent of New York Life to provide information that which will be of use to the Company in determining whether to initiate procedures for use of the Facility. Information so provided shall not constitute an offer to purchase Shelf Notes, and neither New York Life nor any New York Life Affiliate shall be obligated to purchase Shelf Notes at the spreads or margins specified. Information so provided shall be representative of potential interest only for the period commencing on the day such information is provided and ending on the earlier of the fifth Business Day after such day and the first day after such day on which further spread information is provided. New York Life may suspend or terminate providing information pursuant to this paragraph 2A(32B(3) for any reason, including its determination that the credit quality of the Company has declined since the date of this Agreement.

Periodic Spread Information. Not Provided no Default or Event of Default exists, not later than 9:30 A.M. (New York City local time) on a Business Day during the Issuance Period if there is an Available Facility Amount on such Business Day, the Company may request by email e‑mail, telecopier or telephone, and New York Life MetLife will, to the extent reasonably practicable, provide to the Company on such Business Day (or, if such request is received after 9:30 A.M. (New York City local time) on such Business Day, on the following Business Day), information (by email e‑mail, telecopier or telephone) with respect to various spreads and margins at which New York Life or New York Life Affiliates MetLife Parties might be interested in purchasing Shelf Notes of different average lives; provided, however, that the Company may not make such requests more frequently than once in every five Business Days or such other period as shall be mutually agreed to by the Company and New York LifeMetLife. The amount and content of information so provided shall be in the sole discretion of New York Life MetLife but it is the intent of New York Life MetLife to provide information that which will be of use to the Company in determining whether to initiate procedures for use of the Facility. Information so provided shall not constitute an offer to purchase Shelf Notes, and neither New York Life MetLife nor any New York Life Affiliate MetLife Party shall be obligated to purchase Shelf Notes at the spreads or margins specified. Information so provided shall be representative of potential interest only for the period commencing on the day such information is provided and ending on the earlier of the fifth Business Day after such day and the first day after such day on which further spread information is provided. New York Life MetLife may suspend or terminate providing information pursuant to this paragraph 2A(3Section 2(c) for any reason, including its determination that the credit quality of the Company has declined since the date of this Agreement.. Graybar Electric Company, Inc.Private Shelf Agreement