Common use of The Money Market Option Clause in Contracts

The Money Market Option. In addition to Committed Borrowings pursuant to Section 2.1, at such time as the Borrower’s Credit Rating is an Investment Grade Rating from at least two Rating Agencies, one of which shall be S&P or Xxxxx’x, the Borrower may, as set forth in this Section 2.3, request the Banks during the Term to make offers to make Money Market Loans to the Borrower, not to exceed, at such time, the lesser of (i) the Committed Loans and (ii) $150,000,000. The Banks may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

The Money Market Option. In addition to Committed Borrowings pursuant to Section 2.1, at such time as the Borrower’s 's Credit Rating is an Investment Grade Rating from at least two Rating Agencies, one of which shall be S&P or Xxxxx’xXxxxx'x, the Borrower may, as set forth in this Section 2.3, request the Banks during the Term to make offers to make Money Market Loans to the Borrower, not to exceed, at such time, the lesser of (i) the Committed Loans aggregate Commitments less the Outstanding Balance, and (ii) $150,000,00050% of the aggregate Commitments. The Banks may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

The Money Market Option. In addition to Committed Borrowings pursuant to Section 2.1, at such time as the Borrower’s Credit Rating is an Investment Grade Rating from at least two Rating Agencies, one of which shall be S&P or Xxxxx’xMoody’s, the Borrower may, as set forth in this Section 2.3, request the Banks during the Term to make offers to make Money Market Loans to the Borrower, not to exceed, at such time, the lesser of (i) the Committed Loans aggregate Commitments less the Outstanding Balance, and (ii) $150,000,00050% of the aggregate Commitments. The Banks may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

The Money Market Option. In addition to Committed Borrowings pursuant to Section 2.1, at such time as the Borrower’s Credit Rating is an Investment Grade Rating from at least two Rating Agencies, one of which shall be S&P or Xxxxx’x, the Borrower may, as set forth in this Section 2.3, request the Banks during the Term to make offers to make Money Market Loans to the Borrower, not to exceed, at such time, the lesser of (i) the Committed Loans aggregate Commitments less the Outstanding Balance, and (ii) $150,000,00050% of the aggregate Commitments. The Banks may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

The Money Market Option. In addition to Committed Revolving Borrowings pursuant to Section 2.12.1(a), at such time as the Borrower’s Credit Rating is an Investment Grade Rating from at least two Rating Agencies, one of which shall be S&P or Xxxxx’x, the Borrower may, as set forth in this Section 2.3, request the Revolving Credit Banks during the Term Availability Period to make offers to make Money Market Loans to the Borrower, not to exceed, at such time, the lesser of (i) the Committed Loans aggregate Revolving Commitments less the Outstanding Balance, and (ii) $150,000,00050% of the aggregate Revolving Commitments. The Such Revolving Credit Banks may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.