Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Agent, Borrower shall from time to time request Interest Periods for the Liquidity Fundings, provided that if at any time any Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (i) of the definition of Settlement Date.
Appears in 2 contracts
Samples: Credit and Security Agreement (PPL Electric Utilities Corp), Credit and Security Agreement (Massey Energy Co)
Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the AgentAgent (which approval shall not be unreasonably withheld or delayed), the Borrower shall from time to time request Interest Periods for the Liquidity Fundings, provided that if at any time any Liquidity Funding is outstanding, the Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (iA) of the definition of Settlement Date.
Appears in 2 contracts
Samples: Credit and Security Agreement (Acuity Brands Inc), Credit and Security Agreement (Zep Inc.)
Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Administrative Agent, Borrower shall from time to time request Interest Periods for the Liquidity Fundings, provided that PROVIDED THAT if at any time any Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (ia) of the definition of Settlement Date.
Appears in 2 contracts
Samples: Credit and Security Agreement (Spherion Corp), Credit and Security Agreement (Spherion Corp)
Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Agent, Borrower the Seller shall from time to time request Interest Periods for the Receivable Interests funded with Liquidity Fundings, provided that if at any time any Liquidity Funding is outstanding, Borrower the Seller shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (i) of the definition of Settlement Date.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Arch Chemicals Inc)
Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Administrative Agent, Borrower the Seller shall from time to time request Interest Periods for the Receivable Interests funded with Liquidity Fundings, provided that PROVIDED THAT if at any time any Liquidity Funding is outstanding, Borrower the Seller shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause CLAUSE (i) of the definition of Settlement Date.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Thomas & Betts Corp)
Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the AgentAgent (which approval shall not be unreasonably withheld or delayed), the applicable Borrower shall from time to time request Interest Periods for the Liquidity Fundings, provided that if at any time any Liquidity Funding is outstanding, the applicable Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (iA) of the definition of Settlement Date.
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Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the AgentAgent (which approval shall not be unreasonably withheld or delayed), Borrower shall from time to time request Interest Periods for the Liquidity Fundings, provided that PROVIDED THAT if at any time any Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (iA) of the definition of Settlement Date.
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