Common use of Shortfall on Drawdowns, Rollovers and Conversions Clause in Contracts

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Acceptances and the actual proceeds of the Bankers' Acceptances; (b) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to pay a maturing Bankers' Acceptance, if a Bankers' Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Acceptance; shall be funded and paid by the Borrower from its own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under a Credit if the Borrower is otherwise entitled to an Advance under the Credit.

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Acceptances and the actual proceeds of the Bankers' Acceptances; (b) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to pay a maturing Bankers' Acceptance, Acceptance if a Bankers' Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Acceptance; shall be funded and paid by the Borrower from its own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under a Credit the Credits if the Borrower is otherwise entitled to an Advance under the CreditCredits.

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Banker's Acceptances and the actual proceeds of the Bankers' Banker's Acceptances; (b) the difference between the actual proceeds of a Bankers' Banker's Acceptance and the amount required to pay a maturing Bankers' Banker's Acceptance, if a Bankers' Banker's Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Banker's Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Banker's Acceptance; shall be funded and paid by the Borrower from its own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under a the Credit if the Borrower is otherwise entitled to an Advance under the Credit.