(i) The latest aggregate money number of all the Tranche A loyal Finance a fantastic (in addition to most of the Tranche A committed Fund become financed to the recommended big date of capital of your requested Tranche C Financing);

4(b) Capital out of Tranche C Finance. Up on bill because of the NationsBank, acting within the capability since the Management Agent hereunder, out-of a loan And you can/Otherwise Interest rate Election Request for a good Tranche C Loan, NationsBank, pretending within its potential because the Tranche C Financial hereunder, should get better the degree of brand new Tranche C Loan or Financing questioned for the purpose of financial support the business’s functions towards the good consistent basis versus demanding every single day fundings on relevant Lenders.

Subject to Part cuatro(f) less than, brand new Management Broker will, through to the thickness out-of an event out of Default and speed out of the new Personal debt, consult a beneficial refunding hereunder of all the Tranche C Money a great due to the fact of such day

4(c) Refunding off Tranche C Finance because of the Loan providers. Tranche C Funds are refunded by the Loan providers to help you NationsBank up on demand of NationsBank from the Administrative Broker, and that demand could well be produced don’t frequently than just after for every single Business day with no reduced apparently than per week (and you will, anyway, on every Wednesday otherwise, or no Wednesday is not a corporate Date, the latest immediately before Business day); considering, but not, one to NationsBank should never be needed to request refundings of Tranche C Money installment loans in Portland Pennsylvania hereunder when you look at the aggregate quantities of less than $5,000,.

4(e) Payment away from Principal. Subject to this new prepayment criteria from Section eight(f) and you can prior to refunding pursuant to help you Part cuatro(c) above, the business should afford the dominant amount of for every single Tranche C Mortgage towards the Maturity Day.

4(f) Natural Obligation so you’re able to Refund. Even though unconditionally the lenders might be banned out-of refunding its particular ratable portion of Tranche C Money since the Tranche A committed Money since the offered herein, next as opposed to refunding Tranche C Fund once the Tranche A loyal Funds, abreast of consult regarding NationsBank and subject to the fresh new proviso of one’s quickly before phrase, for every Financial (aside from NationsBank) will purchase or take of NationsBank an individual participation interest in all Tranche C Funds the hereunder on amount of including Lender’s Fee Share thereof.

5(a) Bid Loan Credit limit. The firm could possibly get sometimes, into the terminology and you may susceptible to new conditions established herein, request lenders so you can offer fixed prices of which they will, directly, anticipate to money enhances to your Organization hereunder when you look at the a good stated dollars count and for a stated Bid Loan Desire Several months (“Bid Finance”); considering, yet not, that into the no skills shall:

(ii) The utmost Aggregate Credit limit without having the sum of new aggregate dollar level of Tranche A committed Financing, Tranche B Money and you will Tranche C Finance a great, brand new L/C Readily available Number and people unrepaid L/C Drawings; and you will

Like refundings should be created by lenders (along with NationsBank) prior to its particular Fee Offers and you can shall, after that, feel mirrored once the Tranche A committed Fund of your Loan providers with the the fresh new instructions and you will information of one’s Administrative Agent

(iii) The brand new Collateral Value of the Factory Credit Legs including one Supplemental Bucks Security held by Management Broker, minus the sum of the fresh aggregate dollar amount of most of the Tranche A committed Money and

5(b) Methods having Request for Bid Fund. In the event your Providers desires request the advance from Quote Fund, it shall send on the Management Agent (and that beginning tends to be by the fax signal) a properly executed Quote Loan Request into the 3rd Business day ahead of the proposed capital time, and this Bid Mortgage Request will establish: