Selection of CP Tranche Periods and Interest Periods. (a) Except upon the occurrence and during the continuance of an Event of Default or when Gotham is a Pool Funded Conduit, the Borrower (or the Servicer, on the Borrower’s behalf) in its Borrowing Request may request CP Tranche Periods from time to time to apply to Gotham’s CP Rate Loans; provided, however, that (i) at any time while Gotham has CP Rate Loans outstanding, at least one CP Tranche Period of Gotham shall mature on each Settlement Date and (ii) no CP Tranche Period of Gotham may extend beyond the latest Scheduled Termination Date of any Gotham Liquidity Bank. In addition to the foregoing, except upon the occurrence and during the continuance of an Event of Default, the Borrower (or the Servicer, on the Borrower’s behalf) in its Borrowing Request may request Interest Periods from time to time to apply to the Eurodollar Loans; provided, however, that (x) at any time while any Lender has Eurodollar Loans outstanding, at least one Interest Period of such Lender shall mature on each Settlement Date and (y) no Interest Period of any Lender which began prior to its Scheduled Termination Date shall extend beyond such Scheduled Termination Date.
Selection of CP Tranche Periods and Interest Periods. Prior to the occurrence of an Event of Default, the Borrower (or the Servicer on the Borrower's behalf) in its Borrowing Request may request CP Tranche Periods (or, in the case of Liquidity Fundings, Interest Periods) from time to time to apply to each Lender's CP Rate Loans or Eurodollar Loans, as applicable; PROVIDED, HOWEVER, that (i) at least one (1) CP Tranche Period or one (1) Interest Period shall mature on each Settlement Date, and (ii) no CP Tranche Period or Interest Period which began prior to the Scheduled Termination Date shall extend beyond the Scheduled Termination Date. While the Agent will use reasonable efforts to accommodate the Borrower's (or the Servicer's, on the Borrower's behalf) requests for CP Tranche Periods or Interest Periods prior to an Event of Default, the Agent shall have the right to subdivide any requested Loan into one or more Loans of different CP Tranche Periods or Interest Periods, as the case may be, or, if the requested period is not feasible, to suggest an alternative CP Tranche Period or Interest Period, PROVIDED THAT not less than $1,000,000 of principal may be allocated to any CP Tranche Period or Interest Period of any Lender, and no Alternate Base Rate Loan may have a principal amount of less than $1,000,000. The Borrower (or the Servicer on the Borrower's behalf) may not request an Interest Period for a Eurodollar Loan unless it shall have given the Agent written notice of its desire therefor not later than 12:00 noon (New York City time) at least three (3) Business Days prior to the first day of the desired Interest Period. Accordingly, all Liquidity Fundings shall initially be Alternate Base Rate Loans. Unless the Agent shall have received written notice by 12:00 noon (New York City time) on the second Business Day prior to the last day of a CP Tranche Period that the Borrower intends to reduce the aggregate principal amount of the CP Rate Loans outstanding, Blue Ridge shall be entitled to assume that the Borrower desires to refinance the maturing CP Rate Loans on the last day of such CP Tranche Period with new CP Rate Loans in like principal amounts with CP Tranche Periods of approximately the same duration; PROVIDED, HOWEVER, that Blue Ridge shall not be liable for failure to effect such refinancing and the Borrower shall remain liable to pay the matured CP Rate Loans which were not so refinanced (unless they are refinanced with a Liquidity Funding). Unless the Agent shall have received written notice by ...
Selection of CP Tranche Periods and Interest Periods. (a) Except upon the occurrence and during the continuance of an Event of Default, the Borrower (or the Servicer, on the Borrower's behalf) in its Borrowing Request may request CP Tranche Periods from time to time to apply to La Fayette's CP Rate Loans; provided, however, that (i) at any time while La Fayette has CP Rate Loans outstanding, at least one CP Tranche Period of La Fayette shall mature on each Settlement Date and (ii) no CP Tranche Period of La Fayette may extend beyond the latest Scheduled Termination Date of any La Fayette Liquidity Bank. In addition to the foregoing, except upon the occurrence and during the continuance of an Event of Default, the Borrower (or the Servicer, on the Borrower's behalf) in its Borrowing Request may request Interest Periods from time to time to apply to the Eurodollar Loans; provided, however, that (x) at any time while any Lender has Eurodollar Loans outstanding, at least one Interest Period of such Lender shall mature on each Settlement Date and (y) no Interest Period of any Lender which began prior to its Scheduled Termination Date shall extend beyond such Scheduled Termination Date.
Selection of CP Tranche Periods and Interest Periods. (a) Except upon the occurrence and during the continuance of an Amortization Event and subject to Section 2.2(b) and 2.2(c), Borrower (or the Servicer, on Borrower’s behalf) in its Borrowing Request may request Interest Periods from time to time to apply to the LIBOR Loans; provided, however, that at any time while any Lender has LIBOR Loans outstanding, at least one Interest Period of such Lender shall mature on each Monthly Settlement Date.
Selection of CP Tranche Periods and Interest Periods. 8 Section 2.3 Computation of Concentration Limits and Outstanding Balance..9
Selection of CP Tranche Periods and Interest Periods. (a) Except upon the occurrence and during the continuance of an Amortization Event and subject to Section 2.2(b) and, in the case of LIBOR Loans, Section 2.2(c): (i) Borrower (or the Servicer, on Borrower’s behalf) in its Borrowing Request may request CP Tranche Periods from time to time to apply to Gotham’s CP Rate Loans; provided, however, that no CP Tranche Period of Gotham may extend beyond the Gotham Group’s Liquidity Termination Date, and (ii) Borrower (or the Servicer, on Borrower’s behalf) in its Borrowing Request may request Interest Periods from time to time to apply to the LIBOR Loans; provided, however, that (x) at any time while any Liquidity Bank has LIBOR Loans outstanding, at least one Interest Period of such Liquidity Bank shall mature on each Settlement Date and (y) no Interest Period of any Liquidity Bank which began prior to its Liquidity Termination Date shall extend beyond such Liquidity Termination Date.
Selection of CP Tranche Periods and Interest Periods. (a) Except upon the occurrence and during the continuance of an Event of Default, the Borrower (or the Servicer, on the Borrower's behalf) in its Borrowing Request may request CP Tranche Periods (or, in the case of Liquidity Fundings, Interest Periods) from time to time to apply to each Lender's CP Rate Loans or Eurodollar Loans, as applicable; PROVIDED, HOWEVER, that (i) at least one CP Tranche Period or one Interest Period shall mature on each Settlement Date, and (ii) no CP Tranche Period or Interest Period which began prior to the Scheduled Termination Date shall extend beyond the Scheduled Termination Date.
Selection of CP Tranche Periods and Interest Periods. (f) Except upon the occurrence and during the continuance of an Amortization Event and subject to Section 2.2(b) and 2.2(c), Borrower (or the Servicer, on Borrower’s behalf) in its Borrowing Request may request Interest Periods from time to time to apply to the LIBOR Loans; provided, however, that (x) at any time while any Liquidity Bank or Conduit has LIBOR Loans outstanding, at least one Interest Period of such Liquidity Bank or Conduit shall mature on each Monthly Settlement Date and (y) no Interest Period of any Liquidity Bank or Conduit in a Group which began prior to the Liquidity Termination Date applicable to such Group, shall extend beyond such Liquidity Termination Date, unless such Group elects to extend such Liquidity Termination Date.
Selection of CP Tranche Periods and Interest Periods. (a) Except upon the occurrence and during the continuance of an Amortization Event and subject to Sections 1.2(c) and 2.2(b) and, in the case of LIBOR Loans, Section 2.2(c): (i) Borrower (or the Servicer, on Borrower's behalf) in its Borrowing Request may request CP Tranche Periods from time to time to apply to Victory's CP Rate Loans; provided, however, that no CP Tranche Period of Victory may extend beyond the Victory Group's Liquidity Termination Date, and (ii) Borrower (or the Servicer, on Borrower's behalf) in its Borrowing Request may request Interest Periods from time to time to apply to the LIBOR Loans; provided, however, that no Interest Period of any Liquidity Bank which began prior to its Liquidity Termination Date shall extend beyond such Liquidity Termination Date.
Selection of CP Tranche Periods and Interest Periods. (a) Except upon the occurrence and during the continuance of an Event of Default, the Borrower (or the Servicer, on the Borrower's behalf) in its Borrowing Request may request CP Tranche Periods from time to time to apply to Atlantic's CP Rate Loans; provided, however, that (i) at any time while Atlantic has CP Rate Loans outstanding, at least one CP Tranche Period of Atlantic shall mature on each Settlement Date and (ii) no CP Tranche Period of Atlantic may extend beyond the latest Scheduled Termination Date of any Atlantic Liquidity Bank. In addition to the foregoing, except upon the occurrence and during the continuance of an Event of Default, the Borrower (or the Servicer, on the Borrower's behalf) in its Borrowing Request may request Interest Periods from time to time to apply to the Eurodollar Loans; provided, however, that (x) at any time while any Lender has Eurodollar Loans outstanding, at least one Interest Period of such Lender shall mature on each Settlement Date and (y) no Interest Period of any Lender which began prior to its Scheduled Termination Date shall extend beyond such Scheduled Termination Date.
