All Tranche C Financing shall be automatically appointed since Tranche A The full time Fund to the so when of such refunding big date
(i) The new aggregate dollars number of most of the Tranche A committed Loans the (along with the Tranche A committed Finance getting financed on proposed day of funding of your asked Tranche C Loan);
4(b) Money regarding Tranche C Loans. Abreast of receipt of the NationsBank, pretending with its capabilities while the Administrative Broker hereunder, away from that loan And you will/Otherwise Rate of interest Election Obtain a great Tranche C Financing, NationsBank, acting in its ability since the Tranche C Financial hereunder, should progress the degree of this new Tranche C Financing otherwise Financing asked for the true purpose of money the company’s procedures into the a beneficial regular basis versus demanding every single day fundings on the appropriate Loan providers.
Susceptible to Part cuatro(f) less than, the fresh Administrative Broker shall, abreast of the fresh thickness of a conference away from Default and you will acceleration out of the newest Obligations, demand a refunding hereunder of all of the Tranche C Finance an excellent as of these date
4(c) Refunding from Tranche C Money from the Lenders. Tranche C Money will be reimbursed by Lenders to NationsBank on demand away from NationsBank from the Management Agent, and this request could well be produced no further seem to than just once for every single Working day and no shorter appear to than just a week (and you may, in any event, on every Wednesday otherwise, or no Wednesday is not a business Big date, this new quickly before Business day); considering, however, that NationsBank will not expected to request refundings off Tranche C Finance hereunder when you look at the aggregate levels of lower than $5,000,. Read more
