Common use of Financial Institution Funding Clause in Contracts

Financial Institution Funding. Each Purchaser Interest of the Financial Institutions shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Prime Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the Administrative Agent of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Purchaser Interest transferred to the Financial Institutions pursuant to the terms and conditions hereof shall be the Prime Rate. If the Financial Institutions acquire by assignment from Company any Purchaser Interest pursuant to any Funding Agreement, each Purchaser Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment.

Financial Institution Funding. Each Purchaser Interest of the Financial Institutions shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Prime Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the Administrative Agent of another Discount Bank Rate in accordance with Section 4.4, the initial Discount Bank Rate for any Purchaser Interest transferred to the Financial Institutions pursuant to the terms and conditions hereof shall be the Prime Rate. If the Financial Institutions acquire by assignment from Company Conduit all or any portion of a Purchaser Interest (or an undivided interest therein) pursuant to any Funding the Liquidity Agreement, each Purchaser Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment.

Financial Institution Funding. Each Purchaser Interest of the Financial Institutions shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Prime Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the Administrative Agent of another Discount Bank Rate in accordance with Section 4.44.3, the initial Discount Bank Rate for any Purchaser Interest transferred to funded by the Financial Institutions pursuant to the terms and conditions hereof shall be the Prime Base Rate. If the any Financial Institutions acquire Institution acquires by assignment from Company the Conduit all or any portion of a Purchaser Interest (or an undivided interest therein) pursuant to any Funding the Liquidity Agreement, each such Purchaser Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment.

Financial Institution Funding. Each Purchaser Interest of the Financial Institutions shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Prime Base Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the Administrative Agent of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Purchaser Interest transferred to the Financial Institutions pursuant to the terms and conditions hereof or any Liquidity Agreement shall be the Prime Base Rate. If the Financial Institutions acquire by assignment from Company any Purchaser Interest pursuant to any Funding a Liquidity Agreement, each Purchaser Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment.

Financial Institution Funding. Each Purchaser Interest of the Financial Institutions shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Prime Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the Administrative Agent of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Purchaser Interest transferred to the Financial Institutions by Conduit pursuant to the terms and conditions hereof shall be the Prime Rate. If the Financial Institutions acquire by assignment from Company Conduit any Purchaser Interest pursuant to any Funding AgreementArticle XIII, each Purchaser Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment. The Agent shall give prompt notice to Seller of any assignment made by Conduit to the Financial Institutions.

Financial Institution Funding. Each Purchaser Interest of the held by a Financial Institutions Institution shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Prime Rate in accordance with the terms and conditions hereof. Until the RPA Seller gives notice to the Administrative Agent and the applicable Investor Agent of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Purchaser Interest transferred to the a Financial Institutions Institution pursuant to the terms and conditions hereof shall be the Prime Rate. If the a Financial Institutions acquire Institution acquires by assignment from Company a Conduit in its Group any Purchaser Interest pursuant to any Funding a Liquidity Agreement, each Purchaser Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment.