Common use of Selection of Discount Rates and Tranche Periods Clause in Contracts

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) The Seller shall pay CP Funding Costs with respect to each Conduit Purchaser’s Investment for each day that any Investment in respect of such Purchase Interest is outstanding. On each Settlement Date the Seller shall pay to the applicable Purchaser Agent (for the benefit of its Conduit Purchaser) an aggregate amount equal to all accrued and unpaid CP Funding Costs in respect of such Investment for the immediately preceding Discount Period. All Investment of each Purchaser Group the Related Liquidity Providers 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 In each request for an Incremental Purchase from the a Related Bank Purchasers Liquidity Provider and USF Assurance, (2) 3:00 p.m., Chicago time, one three Business Day prior to Days before 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 TrancheLiquidity Provider’s Investment, the Seller may select request the Discount Rate(s) and Tranche Period(s) to be applicable to such InvestmentInvestment and the Discount Rate(s) applicable thereto. 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 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 $100,000 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 of each Purchaser Group the Related Liquidity Providers not allocated to a Tranche Period shall accrue Discount at the be a Prime RateTranche. During the continuance pendency of a Termination Event, the applicable Purchaser Agent may reallocate any outstanding Investment of any Purchaser Group shall accrue Discount at the greater of the Eurodollar Rate and the Related Liquidity Providers to a 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 PeriodTranche. All Discount accrued on the Investment of the Related Liquidity Providers during a Tranche Period for a Related Bank Purchaser or USF Assurance shall be paid payable 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) The Seller shall pay Funding Charges with respect to each Conduit Purchaser's Purchase Interest for each day that any Investment in respect of such Purchase Interest is outstanding. Each such Purchase Interest will accrue Funding Charges each day based on the Pooled Allocation. On each Settlement Date the Seller shall pay to the applicable Purchaser Agent (for the benefit of its Conduit Purchaser) an aggregate amount equal to all accrued and unpaid Funding Charges in respect of such Purchase Interest for the immediately preceding Discount Period. All Investment of each Purchaser Group the Related Bank Purchasers 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 In each request for an Incremental Purchase from the a Related Bank Purchasers Purchaser and USF Assurance, (2) 3:00 p.m., Chicago time, one three Business Day prior to Days before 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 TranchePurchaser's Investment, the Seller may select request the Discount Rate(s) and Tranche Period(s) to be applicable to such InvestmentInvestment and the Discount Rate(s) applicable thereto. 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 the Conduit Purchasers not allocated to a Tranche Period shall accrue Discount at the be a Prime RateTranche. During the continuance pendency of a Termination Event, the applicable Purchaser Agent may reallocate 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) to a Prime Tranche. All Discount accrued on the Investment of the Related Bank Purchasers 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. (aa)(1) The Seller shall pay Funding Charges with respect to Windmill's Purchase Interest for each day that any Investment in respect of such Purchase Interest is outstanding. Each such Purchase Interest will accrue Funding Charges each day based on the Pooled Allocation. 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 Purchase Interest for the immediately preceding Discount Period; (2) All Investment of each Purchaser Group the Committed Purchasers 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 In each request for an Incremental Purchase from the Related Bank Purchasers a Committed Purchaser and USF Assurance, (2) 3:00 p.m., Chicago time, one three Business Day prior to Days before 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 TrancheCommitted Purchaser's Investment, the Seller may select request the Discount Rate(s) and Tranche Period(s) to be applicable to such InvestmentInvestment and the Discount Rate(s) applicable thereto. All Investment (i) of each Conduit Purchaser shall, and USF Assurance may, accrue Discount at the CP Rate and (ii) of the Related Bank Committed 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 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 of each Purchaser Group the Committed Purchasers not allocated to a Tranche Period shall accrue Discount at the be a Prime RateTranche. During the continuance pendency of a Termination Event, the Agent may reallocate any outstanding Investment of any Purchaser Group shall accrue Discount at the greater of the Eurodollar Rate and the Committed Purchasers to a 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 PeriodTranche. All Discount accrued on the Investment of the Committed Purchasers during a Tranche Period for a Related Bank Purchaser or USF Assurance shall be paid payable 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. (aa)(1) All The provisions of this subsection (a)(1) shall apply to all Investment of each Purchaser Group Amsterdam funded with commercial paper issued on or before 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. Not later than All such Investment of Amsterdam shall accrue Discount at the CP Rate. All CP Discount accrued during a Tranche Period shall be payable by the Seller on the last day of such Tranche Period; (2) The provisions of this subsection (a)(2) shall apply to all Investment of Amsterdam funded with commercial paper issued after February 1, 2000: The Seller shall pay Funding Charges with respect to Amsterdam's Purchase Interest for each day that any Investment in respect of such Purchase Interest is outstanding. Each such Purchase Interest will accrue Funding Charges each day based on the Pooled Allocation. On each Settlement Date the Seller shall pay to the Agent (for the benefit of Amsterdam) concurrently with any an aggregate amount equal to all accrued and unpaid Funding Charges in respect of such Purchase Interest for the immediately preceding Discount Period; (3) All Investment of the Committed Purchasers 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 from the Related Bank Purchasers a Committed Purchaser and USF Assurance, (2) 3:00 p.m., Chicago time, one three Business Day prior to Days before 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 TrancheCommitted Purchaser's Investment, the Seller may select request the Discount Rate(s) and Tranche Period(s) to be applicable to such InvestmentInvestment and the Discount Rate(s) applicable thereto. All Investment (i) of each Conduit Purchaser shall, and USF Assurance may, accrue Discount at the CP Rate and (ii) of the Related Bank Committed 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 the Committed Purchasers not allocated to a Tranche Period shall accrue Discount at the be a Prime RateTranche. During the continuance pendency of a Termination Event, the Agent may reallocate any outstanding Investment of any Purchaser Group shall accrue Discount at the greater of the Eurodollar Rate and the Committed Purchasers to a 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 PeriodTranche. All Discount accrued on the Investment of the Committed Purchasers during a Tranche Period for a Related Bank Purchaser or USF Assurance shall be paid payable 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 The 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 The Purchaser Agent for each Conduit Purchaser shall select the Tranche Periods for all Investments of such Conduit Purchaser. With respect to the Investment of Bank Purchasers, the Seller may request the Discount Rate(s) and Tranche Period(s) to be applicable to such Investment not later than (1) concurrently with any request for an Incremental Purchase from the Related Bank Purchasers and USF AssurancePurchase, (2) 3:00 p.m., Chicago p.m. (New York 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.1:00 p.m., Chicago New York City time, two three 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. Unless otherwise agreed by the Bank Purchasers, with respect to the Seller may select the Discount Rate(s) Investment of Bank Purchasers, each Tranche shall be a Eurodollar Tranche and each Tranche Period(s) to Period shall be applicable to such Investmentone month. All The Investment (i) of each Conduit Purchaser shall, and USF Assurance may, funded by the issuance of commercial paper notes shall accrue Discount at the CP Rate Rate. The Investment of (i) each Conduit Purchaser that is not funded by the issuance of commercial paper notes and (ii) of the Related Bank Purchasers and USF Assurance any Liquidity Providers, in each case, 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 pendency of a Termination Event, each Purchaser Agent may reallocate any outstanding Investment of any its respective Purchaser Group shall accrue Discount at the greater of the Eurodollar Rate and the to a Prime RateTranche. 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 AssurancePurchaser) 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 PeriodDiscount.

Selection of Discount Rates and Tranche Periods. (aa)(1) All The provisions of this subsection (a)(1) shall apply to all Investment of each Purchaser Group Windmill funded with commercial paper issued on or before the Agent makes the election described in clause (a)(2) below: 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. Not later than All such Investment of Windmill 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 Discount accrued at the CP Rate during a Tranche Period shall be payable by the Seller on the last day of such Tranche Period; (12) concurrently At the Agent's option, the Agent may notify the Seller that the provisions of this subsection (a)(2) shall apply to all Investment of Windmill funded with Pooled Commercial Paper issued after the Agent delivers a notice to the Seller that it elects to have the provisions of this clause (a)(2) to be applicable to the Investment of Windmill: The Seller shall pay Funding Charges with respect to Windmill's Purchase Interest for each day that any Investment in respect of such Purchase Interest is outstanding. Each such Purchase Interest will accrue Funding Charges each day based on the Pooled Allocation. 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 Purchase Interest for the immediately preceding Discount Period; (3) All Investment of the Committed Purchasers 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 from the Related Bank Purchasers a Committed Purchaser and USF Assurance, (2) 3:00 p.m., Chicago time, one three Business Day prior to Days before 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 TrancheCommitted Purchaser's Investment, the Seller may select request the Discount Rate(s) and Tranche Period(s) to be applicable to such InvestmentInvestment and the Discount Rate(s) applicable thereto. All Investment (i) of each Conduit Purchaser shall, and USF Assurance may, accrue Discount at the CP Rate and (ii) of the Related Bank Committed 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 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 of each Purchaser Group the Committed Purchasers not allocated to a Tranche Period shall accrue Discount at the be a Prime RateTranche. During the continuance pendency of a Termination Event, the Agent may reallocate any outstanding Investment of any Purchaser Group shall accrue Discount at the greater of the Eurodollar Rate and the Committed Purchasers to a 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 PeriodTranche. All Discount accrued on the Investment of the Committed Purchasers during a Tranche Period for a Related Bank Purchaser or USF Assurance shall be paid payable 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.