AGENT ELECTION AS TO FUNDING Sample Clauses
AGENT ELECTION AS TO FUNDING. Promptly after receipt of a Credit Request or Deemed Credit Request, the Agent shall elect, in its sole discretion, either: (i) to require same day funding pursuant to Section 2.4(b) for Revolving Credit Loans in connection with such requested Borrowing or (ii) to request NCCF to make a Settlement Loan pursuant to Section 2.4(c) in the amount of the requested Revolving Credit Borrowing; provided, that if NCCF declines, in its sole discretion, to make such a Settlement Loan, the Agent shall elect to have the terms of Section 2.4(b) apply to such requested Borrowing.
AGENT ELECTION AS TO FUNDING. Promptly after receipt of a Credit Request for a Revolving Credit Borrowing or a Deemed Credit Request, the Agent shall elect, in its sole discretion, either: (i) to require same day funding pursuant to Section 2.4(b) for Revolving Credit Advances in connection with such requested Revolving Credit Borrowing or (ii) to request KCCI to make a Settlement Advance pursuant to Section 2.4(c) in the amount of the requested Revolving Credit Borrowing; provided, however, that, if KCCI declines, in its sole discretion, to make such a Settlement Advance, the Agent shall elect to have the terms of Section 2.4(b) apply to such requested Borrowing.