SELECTION OF FUNDING PERIODS. Determination of Interest Rates 37 SECTION 3C.5. Determination of Series 1997-1 Amortization Principal Payments 40 SECTION 3C.6. Applications 40 SECTION 3C.7. The Principal/Interest Surety Bond. 43 ARTICLE IV DISTRIBUTIONS AND REPORTS 45 SECTION 4C.1. Distributions 45 SECTION 4C.2. Statements and Notices 45 SECTION 4C.3. Notices 47 ARTICLE V ADDITIONAL EARLY AMORTIZATION EVENTS 48 SECTION 5.1. Additional Early Amortization Events 48 ARTICLE VI SERVICING FEE 50 SECTION 6.1. Servicing Compensation 50
SELECTION OF FUNDING PERIODS. (a) A Borrower of any Funding Portion under the Cash Advance Facility, Commercial Bills Facility or a Funding Portion to be provided as a Trade Advance or as Proceeds of Negotiation under the Trade Finance Facility must select the initial Funding Period which is to apply to the Funding Portion in the Funding Notice delivered for that Funding Portion.
(b) A Borrower of a Funding Portion under the Cash Advance Facility may select a subsequent Funding Period which is to apply to the Funding Portion in a Selection Notice delivered for that Funding Portion.
(c) Each Funding Period:
(1) under the Cash Advance Facility must be of 1, 2, 3 or 6 months or any other period that the Lender agrees with the Borrower;
(2) under the Commercial Bills Facility must be between 30 and 185 days;
(3) for a Trade Advance must be between 7 and 185 days; and (4) for Proceeds of Negotiation must be no greater than 180 days.
(d) If a Funding Period ends on a day which is not a Business Day, it is regarded as ending on the next Business Day in the same calendar month or, if none, the preceding Business Day.
(e) A Funding Period for a Funding Portion commences either on the first Funding Date for that Funding Portion or on the last day of the immediately preceding Funding Period for that Funding Portion.
(f) No Funding Period may end after the Termination Date for a Facility (if any) or the Final Termination Date.
(g) If a Borrower:
(1) fails to select a Funding Period for a Funding Portion under clause 5.5(a) or clause 5.5(b); or
(2) selects a Funding Period in a manner which does not comply with this clause 5.5, then that Funding Period will be 1 month or such other period as the Lender selects.
SELECTION OF FUNDING PERIODS. (a) Subject to the subsequent provisions of this Clause, Funding Periods selected by the Borrower will be of a period of not less than 30 days and not more than 185 days or, if requested by the Borrower, such other period as the Lender may agree.
(b) If a Funding Period would otherwise end on a day which is not a Business Day, that Funding Period will be extended to the next Business Day in the same calendar month or, if none, the preceding Business Day.
(c) No Funding Period may extend beyond the Repayment Date.
(d) If the Borrower fails to select Funding Periods complying with this Clause the Lender may vary any Drawdown Notice to ensure compliance.
SELECTION OF FUNDING PERIODS. 6.1 Subject to this clause, each Funding Period will have a duration of 30 days.
6.2 The Borrower may select any other Funding Period agreed by the Agent to enable consolidation of Segments.
6.3 Should a Funding Period end on a day which is not a Business Day, that Funding Period will end on the next Business Day, unless that day is in the following month, in which case the Funding Period will end on the preceding Business Day.
6.4 If a Funding Period of a number of months commences on a date in a month and there is no corresponding date in the month in which it is to end, it will end on the last Business Day of the latter month.
6.5 No Funding Period may extend beyond the Final Maturity Date. The Borrower shall select Funding Periods for Segments so as to ensure that each Reduction Date for the Cash Advance Facility coincides with the last day of Funding Periods of outstanding Segments of that Facility which have a principal amount not less than the principal amount to be repaid on that day.
6.6 If the Borrower fails to select Funding Periods complying with this clause 6 the Agent may vary any Drawdown Notice to ensure compliance.
SELECTION OF FUNDING PERIODS. (a) Subject to this clause, the Borrower may only select Funding Periods of 1, 2 or 3 months or such other period as the Lender may agree.
(b) The Borrower may select any other period agreed by the Lender to enable consolidation of Loans under a Facility.
(c) Should a Funding Period end on a day which is not a Business Day, that Funding Period will be extended to the next Business Day in the same calendar month or, if none, the preceding Business Day.
(d) If a Funding Period of a number of months commences on a date in a month and there is no corresponding date in the month in which it is to end, it will end on the last Business Day of the latter month.
(e) No Funding Period may extend beyond the Maturity Date for the Facility. The Borrower shall select Funding Periods so as to ensure that the Maturity Date for the Facility coincides with the last day of Funding Periods of all outstanding Loans under the Facility which has a principal amount not less than the principal amount to be repaid on that day.
(f) If the Borrower fails to select Funding Periods complying with this clause, the Lender may vary any Drawdown Notice (or deemed Drawdown Notice) to ensure compliance.
SELECTION OF FUNDING PERIODS. (a) Subject to the subsequent provisions in this Clause and to Clause 9.2(c), Funding Periods selected by a Borrower shall be of a period not longer than 185 days or, if required, such other period as the Lender or BNZ, as the case may be, may agree to enable consolidation of Segments of the same Facility and currency.
(b) Should a Funding Period end on a day which is not a Business Day, such Funding Period shall be extended to the next Business Day in the same calendar month or, if none, the preceding Business Day.
(c) No Funding Period shall extend beyond the Repayment Date.
(d) If a Borrower fails to select Funding Periods complying with this Clause the Lender or BNZ, as the case may be, may vary any Drawdown Notice to ensure compliance. FACILITY AGREEMENT --------------------------------------------------------------------------------
SELECTION OF FUNDING PERIODS. Funding Periods selected by the Borrower must have a term of:
16 22 (a) 1, 2 or 3 months; or
SELECTION OF FUNDING PERIODS. (a) Subject to the subsequent provisions of this Clause, Funding Periods selected by the Borrower will be of one, two, three, or six months or, if requested by any party, such other period as the Agent may agree with Xxxxxx'x Brewing Group.
(b) If a Funding Period commences on a date in a month for which there is no corresponding date in the month in which it is to end, it will end on the last Business Day in such latter month.
(c) If a Funding Period would otherwise end on a day which is not a Business Day, that Funding Period will be extended to the next Business Day in the same calendar month or, if none, the preceding Business Day.
(d) No Funding Period may extend beyond the Repayment Date.
(e) If the Borrower fails to select Funding Periods complying with this Clause the Agent may vary any Selection Notice to ensure compliance. -------------------------------------------------------------------------------- BRIDGING FACILITY AGREEMENT Xxxxxx Xxxxxxxx & Hedderwicks --------------------------------------------------------------------------------
SELECTION OF FUNDING PERIODS. With respect to any portion of the Invested Amount which is funded by a Conduit Purchaser through the issuance of Commercial Paper, the Transferor may, subject to the applicable Managing Agent's approval and the limitations described below, request that the Invested Amount so funded by a Conduit Purchaser be allocated among one or more Funding Periods, so that the aggregate amounts so allocated with respect to such Conduit Purchaser at all times shall equal the Invested Amount held by such Conduit Purchaser. No such Funding Period applicable to Invested Amounts funded by the issuance of Commercial Paper shall be longer than 270 days and no such Funding Period applicable to Invested Amounts funded other than by the issuance of Commercial Paper shall be longer than one month. The Transferor shall give each Managing Agent irrevocable notice by telephone of the new requested Funding Period(s) at least one (1) Business Day prior to the expiration of any then existing Funding Period; provided, however, that the applicable Conduit Purchaser or the related Managing Agent may select any such new Funding Period if (1) the Transferor fails to provide such notice on a timely basis or (ii) such Conduit Purchaser or the related Managing Agent determines, in its sole discretion, that the Funding Period requested by the Transferor is unavailable or for any reason commercially undesirable. Notwithstanding the foregoing, if the Transferor requests that the Invested Amount then held by any Conduit Purchaser be allocated to more than one Funding Period during any calendar week, the Transferor will pay to the Administrative Agent, for distribution to such Conduit Purchaser, one hundred dollars ($100.00) for the first additional Funding Period requested from such Conduit Purchaser during that week and two hundred fifty dollars ($250.00) for each additional Funding Period requested from such Conduit Purchaser during that week, such amount to be paid in accordance with the terms of the Series Supplement."
1.5 The last sentence of Subsection 2.04(a) of the Security Purchase Agreement is hereby amended and restated in its entirety to read as follows: "In the event that the Interest Payment received by the Administrative Agent on any day is insufficient to fully pay the accrued and unpaid interest described in clauses (i), (ii) and (iii) above, such Interest Payment shall be allocated pro rata among the applicable Purchaser Groups (based upon the respective Purchaser Group Funded Po...
SELECTION OF FUNDING PERIODS. (a) Subject to this clause, the Borrower may only select Funding Periods of 30, 60 or 90 days.
(b) The Borrower may select any other period agreed by the Lender.
(c) If a Funding Period ends on a day which is not a Business Day, that Funding Period will be extended to the next Business Day.
(d) If a Funding Period of a number of months commences on a date in a month and there is no corresponding date in the month in which it is to end, it will end on the last Business Day of the latter month.
(e) No Funding Period may extend beyond the Repayment Date. The Borrower shall select Funding Periods so as to ensure that the Repayment Date coincides with the last day of Funding Periods of all outstanding Loans.
(f) If the Borrower fails to select Funding Periods complying with this clause the Lender may vary any Drawdown Notice to ensure compliance.
