21 Nov Every Tranche C Finance is going to be automatically appointed since the Tranche A great The time Finance with the so when of these refunding big date
(i) The newest aggregate money number of the Tranche A committed Loans outstanding (along with all the Tranche A committed Financing as funded with the recommended date out of financial support of your questioned Tranche C Financing);
4(b) Financing from Tranche C Fund. Up on bill from the NationsBank, acting within its skill since the Administrative Representative hereunder, of a loan And/Otherwise Interest Election Obtain a great Tranche C Mortgage, NationsBank, pretending with its capabilities just like the Tranche C Bank hereunder, will progress the degree of brand new Tranche C Loan otherwise Money asked for the purpose of funding the company's functions to your a daily basis instead of requiring every single day fundings on the applicable Loan providers.
Susceptible to Section 4(f) less than, the brand new Administrative Broker should, through to the fresh new thickness away from an event from Standard and velocity of this new Loans, demand an excellent refunding hereunder of all the Tranche C Funds an excellent due to the fact of such time
4(c) Refunding away from Tranche C Money by the Loan providers. Tranche C Money are going to be reimbursed because of the Lenders to help you NationsBank upon demand off NationsBank through the Management Representative, and this request might possibly be produced not any longer appear to than https://speedycashloan.net/payday-loans-sc/ immediately after for each and every Working day and no shorter appear to than per week (and you may, anyway, on each Wednesday or, if any Wednesday isnt a business Time, the fresh new instantly before Working day); given, yet not, you to definitely NationsBank should not be expected to demand refundings from Tranche C Fund hereunder inside the aggregate quantities of lower than $5,000,.