Requests for Purchases of Incremental Note Balances Sample Clauses

Requests for Purchases of Incremental Note Balances. (a) At any time during the Revolving Period, no later than 12:00 p.m. New York time at least one (1) Business Day prior to a proposed Funding Date, to the extent that the aggregate outstanding Note Balance of the Notes (after giving effect to the proposed purchase) is less than the Note Purchase Obligation Limit, and subject to the terms and conditions hereof and in accordance with the other Basic Documents applicable thereto, Issuer may request that Note Purchaser purchase Incremental Note Balances in a minimum daily amount of $1,000,000 (each such request, a “Notice of Incremental Note Balance”) by delivery of (i) a request to Note Purchaser in the form attached as Exhibit B, (ii) a Borrowing Base Certificate in the form attached as Exhibit C (which may be delivered as a part of the Notice of Incremental Note Balance) and (iii) such additional information as may be reasonably requested by Note Purchaser. Subject to Section 2.02(c) in the case of a Pre-Funded Purchased Asset, no later than 12:00 p.m., New York Time, on each Funding Date or other Purchase Date, the Issuer shall deliver, or cause to be delivered, to the Note Purchaser and the Custodian, with respect to any Purchased Assets to be included in the Borrowing Base for purposes of such Funding Date or other Purchase Date, (A) the First Deliverable Documents and (B) documentation reasonably satisfactory to the Note Purchaser evidencing that, to the extent not reflected in the related Loan Assignment Document, the Required Consents, if any, have been obtained.

Requests for Purchases of Incremental Note Balances. (a) At any time during the Revolving Period, no later than 2:00 p.m. New York time at least one (1) Business Day prior to a proposed Funding Date, to the extent that the sum of the aggregate outstanding Note Balance of the Notes (after giving effect to the proposed purchase) plus the Aggregate L/C Amount is less than the Note Purchase Obligation Limit, and subject to the terms and conditions hereof and in accordance with the other Basic Documents applicable thereto, Issuer may request that New Note Purchaser purchase Incremental Note Balances in a minimum daily amount of $1,000,000 (each such request, a “Notice of Incremental Note Balance”) by delivery of (i) a request to the Note Purchaser Agent in the form attached as Exhibit B, (ii) a Borrowing Base Certificate in the form attached as Exhibit C (which may be delivered as a part of the Notice of Incremental Note Balance) and (iii) such additional information as may be reasonably requested by the Note Purchaser Agent. No later than 12:00 p.m., New York Time, on each Funding Date or other Purchase Date, the Issuer shall deliver, or cause to be delivered, to the Note Purchaser Agent and the Custodian, with respect to any Purchased Assets to be included in the Borrowing Base for purposes of such Funding Date or other Purchase Date, (A) the First Deliverable Documents, (B) documentation reasonably satisfactory to the Note Purchaser Agent evidencing that, to the extent not reflected in the related Loan Assignment Document, the Required Consents, if any, have been obtained and (C) in the case of the purchase of an Incremental Note Balance as to which all or a portion of the proceeds will be applied by the Issuer to satisfy its reimbursement obligations pursuant to the Reimbursement Agreement with respect to any Letter of Credit that has been drawn, evidence satisfactory to the Note Purchaser Agent in its sole discretion that the Issuer is entitled to a reimbursement right in like amount pursuant to the Loan Documents relating to the Related Loan (which may include a certification by the Servicer to the Note Purchaser Agent to such effect); provided, that the requirement in this sentence shall be, in the case of a Pre-Funded Purchased Asset, subject to Section 2.02(c).