Common use of Daylight Overdraft Loans Clause in Contracts

Daylight Overdraft Loans. (a) Subject to the terms and conditions hereof, the Daylight Overdraft Lender agrees, on an UNCOMMITTED AND ABSOLUTELY DISCRETIONARY basis to consider making a portion of the Elected Line Amount available to the Borrower by making daylight overdraft loans with respect to Deposit Accounts that are Controlled Accounts of the Borrower (individually, a "Daylight Overdraft Loan" and, together with any amounts allocated to Daylight Overdraft Loans pursuant to Section 12.4(b), collectively, the "Daylight Overdraft Loans") to the Borrower from time to time during the Funding Request Period in an aggregate principal amount at any one time outstanding not to exceed the applicable Daylight Overdraft Cap; provided that, (i) the aggregate principal amount of Daylight Overdraft Loans outstanding at any time, when aggregated with the Daylight Overdraft Lender's Stated Percentage of the Total Extensions of Credit, may not exceed such Daylight Overdraft Lender's Maximum Credit Limit then in effect, (ii) the Borrower shall not request, and the Daylight Overdraft Lender shall not make, any Daylight Overdraft Loan if, after giving effect to the making of such Daylight Overdraft Loan, the Borrowing Base Availability would be less than zero and (iii) with respect to each Lender (other than a Declining Lender), and after giving effect to such Lender's Stated Percentage of such Daylight Overdraft Loan, such Lender's Extensions of Credit do not exceed such Lender's Maximum Credit Limit. During the Funding Request Period, the Borrower may use the Daylight Overdraft Cap by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof, including, without limitation, Section 4.5.

Daylight Overdraft Loans. (a) Subject to the terms and conditions hereof, the Daylight Overdraft Lender agrees, on an UNCOMMITTED AND ABSOLUTELY DISCRETIONARY basis to consider making a portion of the Elected Line Amount available to the Borrower by making shall make daylight overdraft loans with respect to Deposit Accounts that are Controlled Accounts of any Borrower located at the Borrower Administrative Agent (individually, a "“Daylight Overdraft Loan" ” and, together with any amounts allocated to Daylight Overdraft Loans pursuant to Section 12.4(b), collectively, the "“Daylight Overdraft Loans"”) to the such Borrower from time to time on any applicable Business Day during the Funding Request Working Capital Facility Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the applicable Daylight Overdraft CapLoan Sub-Limit then in effect; provided that, that (i) the aggregate principal amount of Daylight Overdraft Loans outstanding at any timetime (including any such new Daylight Overdraft Loans), when aggregated with the Daylight Overdraft Lender's Stated ’s Working Capital Facility Commitment Percentage of the Total Working Capital Facility Extensions of Credit, may not exceed such Daylight Overdraft Lender's Maximum Credit Limit ’s Working Capital Facility Commitment then in effect, effect and (ii) neither the Borrowers’ Agent nor any Borrower shall not request, and the Daylight Overdraft Lender shall not make, any Daylight Overdraft Loan if, after giving effect to the making of such Daylight Overdraft Loan, the Borrowing Base Availability aggregate amount of the Available Working Capital Facility Commitments would be less than zero and (iii) with respect to each Lender (other than a Declining Lender)zero; provided further that, and after giving effect to such Lender's Stated Percentage of such any Daylight Overdraft LoanLoan requested by the Borrowers’ Agent, such Lender's Extensions each of Credit do not exceed such Lender's Maximum Credit Limitthe conditions set forth in Section 6.2(b), (c), (d) and (e) shall be satisfied or waived. During the Funding Request Working Capital Facility Commitment Period, the each Borrower may use the Daylight Overdraft Cap Loan Sub-Limit by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof, including, without limitation, Section 4.5.

Daylight Overdraft Loans. (a) Subject to the terms and conditions hereof, the Daylight Overdraft Lender agrees, on an UNCOMMITTED AND ABSOLUTELY DISCRETIONARY basis agrees to consider making a portion of the Elected Line Amount available to the Borrower by making make daylight overdraft loans with respect to Deposit Accounts that are Controlled Accounts of the Borrower Borrowers located at the Collateral Agent (individually, a "“Daylight Overdraft Loan" and, together with any amounts allocated to Daylight Overdraft Loans pursuant to Section 12.4(b), ” and collectively, the "“Daylight Overdraft Loans"”) to the each Borrower from time to time-to-time during the Funding Request Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the applicable Daylight Overdraft CapLoans Sub-Limit then in effect; provided that, (i) the aggregate principal amount of Daylight Overdraft Loans outstanding at any time, when aggregated with the Daylight Overdraft Lender's Stated ’s Commitment Percentage of the Total Extensions of Credit, may not exceed the Daylight Overdraft Loan Sub-Limit then in effect or such Daylight Overdraft Lender's Maximum Credit Limit ’s Commitment then in effect, effect and (ii) the Borrower Borrowers shall not request, and the Daylight Overdraft Lender shall not make, any Daylight Overdraft Loan if, after giving effect to the making of such Daylight Overdraft Loan, the Borrowing Base Availability aggregate amount of the Available Commitments would be less than zero and (iii) with respect to each Lender (other than a Declining Lender), and after giving effect to such Lender's Stated Percentage of such Daylight Overdraft Loan, such Lender's Extensions of Credit do not exceed such Lender's Maximum Credit Limitzero. During the Funding Request Commitment Period, the Borrower Borrowers may use the Daylight Overdraft Cap Loan Sub-Limit by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof, including, without limitation, Section 4.5.

Daylight Overdraft Loans. (a) Subject to the terms and conditions hereof, the Daylight Overdraft Lender agrees, on an UNCOMMITTED AND ABSOLUTELY DISCRETIONARY basis agrees to consider making a portion of the Elected Line Amount available to the Borrower by making make daylight overdraft loans with respect to Deposit Accounts that are Controlled Accounts of the Borrower located at the Collateral Agent (individually, a "“Daylight Overdraft Loan" and, together with any amounts allocated to Daylight Overdraft Loans pursuant to Section 12.4(b), ” and collectively, the "“Daylight Overdraft Loans"”) to the Borrower from time to time-to-time during the Funding Request Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the applicable Daylight Overdraft CapLoans Sub-Limit then in effect; provided that, (i) the aggregate principal amount of Daylight Overdraft Loans outstanding at any time, when aggregated with the Daylight Overdraft Lender's Stated ’s Commitment Percentage of the Total Extensions of Credit, may not exceed the Daylight Overdraft Loan Sub-Limit then in effect or such Daylight Overdraft Lender's Maximum Credit Limit ’s Commitment then in effect, effect and (ii) the Borrower shall not request, and the Daylight Overdraft Lender shall not make, any Daylight Overdraft Loan if, after giving effect to the making of such Daylight Overdraft Loan, the Borrowing Base Availability aggregate amount of the Available Commitments would be less than zero and (iii) with respect to each Lender (other than a Declining Lender), and after giving effect to such Lender's Stated Percentage of such Daylight Overdraft Loan, such Lender's Extensions of Credit do not exceed such Lender's Maximum Credit Limitzero. During the Funding Request Commitment Period, the Borrower may use the Daylight Overdraft Cap Loan Sub-Limit by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof, including, without limitation, Section 4.5.