Gotham Group definition
Examples of Gotham Group in a sentence
The Borrower, the Servicer, the PNC Group, the Gotham Group, the Atlantic Group and the Agents are parties to that certain Sixth Amended and Restated Credit and Security Agreement, dated as of October 27, 2017 (as amended, restated or otherwise modified from time to time, the “Credit and Security Agreement”; capitalized terms used and not otherwise defined herein are used with the meanings attributed thereto in the Credit and Security Agreement).
Each assignee of a Committed Purchaser must have a short-term debt rating of A-1 or better by S&P and P-1 by Xxxxx’x or a long term debt rating of “A” or better by S&P and “A2” or better by Xxxxx’x, and each assignee of the Gotham Committed Purchaser must agree to deliver to the Gotham Group Agent, promptly following any request therefor by the Gotham Group Agent or the Conduit, an enforceability opinion in form and substance satisfactory to the Gotham Group Agent and the Conduit.
The Borrower, the Servicer, the PNC Group, the Gotham Group, the Atlantic Group and the Agents shall treat this Amendment as not resulting in a significant modification of the Loans for U.S. federal, state and local income tax purposes.
Each member of the Gotham Group approving the Extension Request shall deliver its written approval to the Gotham Group Agent no later than thirty (30) days after the request (the “Response Date”), whereupon the Gotham Group Agent shall notify the Administrative Agent, Xxxxx Fargo and the Seller within one Business Day thereafter as to whether all members of the Gotham Group have approved the Extension Request.
The Gotham Group Agent and the Gotham Group shall agree amongst themselves as to the circumstances and procedures for removal and resignation of such Gotham Group Agent.
The Fixed Amount, if any, will be designated by Seller from time to time pursuant to Purchase Notices delivered in accordance with Section 1.2; provided, however, in no event will the Fixed Amount exceed the Gotham Group Allocation Limit, and in no event will the Conduit or Xxxxx Fargo fund any portion of the Fixed Amount.
If such amounts are payable to the Gotham Group Agent or to a member of the Gotham Group, they shall be paid to account no.
If such Purchaser has not in fact funded its purchase proceeds to the Gotham Group Agent, the recipient of such payment shall, on demand by the Gotham Group Agent, repay to the Gotham Group Agent the amount so made available together with Yield thereon in respect of each day during the period commencing on the date such amount was so made available by the Gotham Group Agent until the date the Gotham Group Agent recovers such amount at a rate per annum equal to the Federal Funds Rate for such day.
Following receipt of a Purchase Notice, the Gotham Group Agent will determine whether the Conduit agrees to make its purchase.
Unless and until Seller gives notice to the Gotham Group Agent of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Receivables Interest of the Gotham Committed Purchaser (whether purchased directly from Seller or transferred by the Conduit to the Gotham Committed Purchaser pursuant to the terms and conditions of its Liquidity Agreement) shall be the Alternate Base Rate.