Selection of Discount Rates and Tranche Periods. (a) All Investment of each Purchaser shall be allocated to one or more Tranches reflecting the Discount Rates at which such Investment accrues Discount and the Tranche Periods for which such Discount Rates apply; provided that no more than ten Tranches shall be outstanding at any time. Except as set forth below, the Agent shall select the Tranche Periods for all Investments. Not later than (1) concurrently with any request for an Incremental Purchase from the Purchasers, (2) 3:00 p.m., Chicago time, one Business Day prior to the expiration of any Tranche Period applicable to any Investment of each Purchaser if the requested Tranche Period is a Prime Tranche and (3) 10:00 a.m., Chicago time, two Business Days prior to the expiration of any Tranche Period applicable to any Investment of each Purchaser if the requested Tranche Period is a Eurodollar Tranche, the Master Servicer on behalf of the Seller may request the Discount Rate(s) and Tranche Period(s) to be applicable to such Investment. All Investment of the Purchasers may accrue Discount at either the Eurodollar Rate or the Prime Rate, in all cases as established for each Tranche Period. Each Tranche shall be in the minimum amount of $1,000,000 and in multiples thereof or, in the case of Discount accruing at the Prime Rate, in any amount of Investment that otherwise has not been allocated to another Tranche Period. During the continuance of a Termination Event, the Agent may reallocate any outstanding Investment allocated to a Eurodollar Tranche to a Prime Tranche at the end of its then current Tranche Period. All Discount accrued during a Tranche Period shall be paid by the Seller to the Agent (for the benefit of the Purchasers) on the last day of such Tranche Period.
Selection of Discount Rates and Tranche Periods. (a) All Investment of each Purchaser Group shall be allocated to one or more Tranches reflecting the Discount Rates at which such Investment accrues Discount and the Tranche Periods for which such Discount Rates apply. Not later than (1) concurrently with any request for an Incremental Purchase from the Related Bank Purchasers and USF Assurance, (2) 3:00 p.m., Chicago time, one Business Day prior to the expiration of any Tranche Period applicable to any Investment of each Related Bank Purchaser or USF Assurance if the requested Tranche Period is a Prime Tranche and (3) 10:00 a.m., Chicago time, two Business Days prior to the expiration of any Tranche Period applicable to any Investment of each Related Bank Purchaser if the requested Tranche Period is a Eurodollar Tranche, the Seller may select the Discount Rate(s) and Tranche Period(s) to be applicable to such Investment. All Investment (i) of each Conduit Purchaser shall, and USF Assurance may, accrue Discount at the CP Rate and (ii) of the Related Bank Purchasers and USF Assurance may accrue Discount at either the Eurodollar Rate or the Prime Rate, in all cases as established for each Tranche Period applicable to such Investment. Each Tranche shall be in the minimum amount of $100,000 and in multiples thereof or, in the case of Discount accruing at the Prime Rate, in any amount of Investment that otherwise has not been allocated to another Tranche Period. Any Investment of each Purchaser Group not allocated to a Tranche Period shall accrue Discount at the Prime Rate. During the continuance of a Termination Event, any outstanding Investment of any Purchaser Group shall accrue Discount at the greater of the Eurodollar Rate and the Prime Rate. On each Settlement Date, the Seller shall pay to the Agent (for the benefit of each Conduit Purchaser and, if USF Assurance’s Investment is accruing Discount at the CP Rate, USF Assurance) an aggregate amount equal to all accrued and unpaid Discount in respect of the Investment of such Purchaser for the immediately preceding Discount Period. All Discount accrued during a Tranche Period for a Related Bank Purchaser or USF Assurance shall be paid by the Seller to the Agent (for the benefit of the Related Bank Purchasers and USF Assurance) on the last day of such Tranche Period or, for a Eurodollar Tranche with a Tranche Period of more than three months, 90 days after the commencement, and on the last day, of such Tranche Period.
Selection of Discount Rates and Tranche Periods. (a) All Investment shall be allocated to one or more Tranches reflecting the Discount Rates at which such Investment accrues Discount and the Tranche Periods for which such Discount Rates apply. In each request for an Incremental Purchase and three Business Days before the expiration of any Tranche Period applicable to any Purchaser’s Investment, the Seller may request the Discount Rate(s) and Tranche Period(s) to be applicable to such Investment. All Investment (i) of Windmill shall accrue Funding Charges and (ii) of the Liquidity Providers may accrue Discount at either the Eurodollar Rate or the Prime Rate, in all cases as established for each Tranche Period applicable to such Investment. Each Tranche shall be in the minimum amount of $1,000,000 and in multiples thereof or, in the case of Discount accruing at the Prime Rate, in any amount of Investment that otherwise has not been allocated to another Tranche Period. Any Investment not allocated to a Tranche Period shall be a Prime Tranche. During the pendency of a Termination Event or a Ratings Trigger Event, the Agent may reallocate any outstanding Investment of the Liquidity Providers to a Prime Tranche. All Discount accrued during a Tranche Period shall be payable by the Seller on the last day of such Tranche Period or, for a Eurodollar Tranche with a Tranche Period of more than three months, 90 days after the commencement, and on the last day, of such Tranche Period.
Selection of Discount Rates and Tranche Periods. ..3 Section 1.4. Fees and Other Costs and Expenses.........................4 Section 1.5. Maintenance of Sold Interest; Deemed Collection...........5 Section 1.6. Reduction in Commitments..................................6 Section 1.7.
Selection of Discount Rates and Tranche Periods. (a) Amsterdam. Amsterdam's Investment will accrue Funding Charges for each day on which it is outstanding. On each Settlement Date the Seller shall pay to the Agent (for the benefit of Amsterdam) an aggregate amount equal to all accrued and unpaid Funding Charges in respect of such Investment for the immediately preceding Discount Period. The Agent shall allocate the Investment of Amsterdam to Tranche Periods in its sole discretion.
Selection of Discount Rates and Tranche Periods. The Discount Rates, Tranche Periods and related matters for all Investment of each Purchaser Group shall be set forth in and governed by the terms of, the Rate Supplement for such Purchaser Group. Each such Rate Supplement shall supplement this Agreement with respect to the terms and provisions set forth therein.
Selection of Discount Rates and Tranche Periods. 3 Section 1.4. Fees and Other Costs and Expenses 4 Section 1.5. Maintenance of Sold Interest; Deemed Collection 5 Section 1.6. Reduction in Commitments 6
Selection of Discount Rates and Tranche Periods. (a) Windmill. Windmill’s Investment will accrue Funding Charges for each day on which it is outstanding. On each Settlement Date the Seller shall pay to the Agent (for the benefit of Windmill) an aggregate amount equal to all accrued and unpaid Funding Charges in respect of such Investment for the immediately preceding Discount Period. The Agent shall allocate the Investment of Windmill to Tranche Periods in its sole discretion.
Selection of Discount Rates and Tranche Periods. (a)(1) The provisions of this subsection (a)(1) shall apply to all Investment of Amsterdam funded with commercial paper issued (i) on or before February 1, 2000 and (ii) to the extent the Seller and the Agent are unable to mutually agree upon the applicability of subsection (a)(2) below, after February 1, 2000: All such Investment shall be allocated to one or more Tranches reflecting the Discount Rates at which such Investment accrues Discount and the Tranche Periods for which such Discount Rates apply. All such Investment of Amsterdam shall accrue Discount at the CP Rate. Each CP Tranche shall be in the minimum amount of $1,000,000 and in multiples thereof. All CP Discount accrued during a Tranche Period shall be payable by the Seller on the last day of such Tranche Period; (2) Upon mutual agreement between the Seller and the Agent (which agreement may only occur after February 1, 2000) the provisions of this subsection (a)(2) shall apply to all Investment of Amsterdam: The Seller shall pay Funding Charges with respect to
Selection of Discount Rates and Tranche Periods. Section 1.4. Fees and Other Costs and Expenses *
