Procedure for Updating BEACON Account Schedule A Sample Clauses

Procedure for Updating BEACON Account Schedule A. As promptly as practicable following any Tranche Date, Citibank and Counterparty shall update the BEACON Account Schedule A to the applicable Confirmation using the following procedure. Citibank shall send Counterparty a revised BEACON Account Schedule A which shall include the price per Common Share (the "Tranche Price Per Share"), and the rate to be used to calculate the funding cost to the third Trading Day after the Initial Reset Date (the "Tranche Initial Funding Rate") to which the parties have agreed for the related Tranche Amount. The Tranche Price Per Share shall include an amount equal to the Tranche Fee Rate specified in the applicable Confirmation. Counterparty shall promptly either (i) sign such revised BEACON Account Schedule A indicating agreement to Citibank's revisions thereof and return it to Citibank or (ii) notify Citibank of any disagreement with respect to Citibank's revisions to BEACON Account Schedule A.
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