Conduit Funding. 5 SECTION 3.1 CP COSTS........................................................................................5 SECTION 3.2 CP COSTS PAYMENTS...............................................................................6 SECTION 3.3 CALCULATION OF CP COSTS.........................................................................6
Conduit Funding. Section 3.1
Conduit Funding. Notwithstanding anything to the contrary in Section 301(a), a Lender (a “Granting Lender”) may fund all or a portion of its investment in the Loans by transferring all, or portion of, its investment to its designated Conduit Lender; provided that (i) nothing herein shall constitute a commitment by any Conduit Lender to fund any Loan and (ii) if any Conduit Lender elects not to exercise such option or otherwise fails to fund all or any part of such Loan, the related Granting Lender shall be obligated to fund such Loan pursuant to the terms hereof. The funding of any Loan by a Conduit Lender hereunder shall utilize the Commitment of its related Granting Lender to the same extent that, and as if, such Loan was funded by such Granting Lender. Notwithstanding anything to the contrary herein, each Lender shall be responsible for allocating in its sole discretion its investment in the Loans between such Lender and its related Conduit Lender (if any) and the Lender record of such allocation shall be conclusive. (c)
Conduit Funding. ............................................................5
Conduit Funding. 6 Section 3.1. Yield................................................................ 6 Section 3.2. Payments............................................................. 6 Section 3.3.
Conduit Funding. Page 6 Section 3.1 Allocable CP Costs .................................... Page 6 Section 3.2 Allocable CP Costs Payments ........................... Page 6 Section 3.3 Calculation of Allocable CP Costs ..................... Page 6
Conduit Funding. 7 Section 3.1 Yield.......................................................................7 Section 3.2 Payments....................................................................7 Section 3.3 Calculation of Yield........................................................7 ARTICLE IV BANK ONE RELATED GROUP: Committed Purchaser FUNDING.........................................7
Conduit Funding. 26 Section 4.1 Yield...............................................26 Section 4.2 Payments............................................26 Section 4.3 Calculation of Yield................................26
Conduit Funding. 7 Section 1.6.1. CP Costs 7 Section 1.6.2. CP Costs Payments 7 Section 1.6.3. Calculation of CP Costs 7
Conduit Funding. Yield . The Seller shall pay Yield with respect to the Capital associated with the Purchaser Interest of each Conduit for each day that any Capital in respect of such Purchaser Interest is outstanding. Each Purchaser Interest funded substantially with Pooled Commercial Paper will accrue Yield with respect to the related Capital each day on a pro rata basis, based upon the percentage share the Capital in respect of such Purchaser Interests represents in relation to all assets held by the related Conduit and funded substantially with Pooled Commercial Paper. EXHIBIT 2 Yield Payments . On each Settlement Date, the Seller shall pay to each applicable Managing Agent (for the benefit of the Conduit in such Managing Agent’s Purchaser Group) an aggregate amount equal to all accrued and unpaid Yield in respect of the Capital associated with all Purchaser Interests of the related Conduit for the immediately preceding Settlement Period in accordance with Article II.
