All Tranche C Money might be instantly designated while the Tranche A beneficial Enough time Loans on and also as of these refunding time
(i) The new aggregate buck quantity of every Tranche A loyal Fund an excellent (together with most of the Tranche A loyal Loans is financed towards the advised date off capital of your own requested Tranche C Loan);
4(b) Financing of Tranche C Funds. On receipt by the NationsBank, acting in potential just like the Management Agent hereunder, away from that loan And you may/Or Interest rate Election Obtain good Tranche C Loan, NationsBank, pretending with its capabilities because Tranche C Financial hereunder, shall improve the level of the brand new Tranche C Mortgage or Finance asked with regards to resource the company’s operations to your good regular basis versus demanding every day fundings throughout the applicable Lenders.
Subject to Paragraph cuatro(f) below, the newest Administrative Agent shall, up on the newest occurrence away from a meeting out-of Standard and you will acceleration from this new Financial obligation, consult a beneficial refunding hereunder of all the Tranche C Financing an excellent as the of these bad credit personal loans Florida go out
4(c) Refunding off Tranche C Finance of the Lenders.