Common use of Operational Flow Clause in Contracts

Operational Flow. Getnet and/or its subsidiaries shall communicate to Santander Brasil, with minimum notice to be agreed between the Parties, any and all demand for Funding and shall send Santander Brasil the necessary information for it to assess the conditions for Funding (“Potential Santander Credit Operation Notice”). 6.2.1. Potential Santander Credit Operation Notice shall be accompanied by all the information and documents necessary for Santander Brasil to carry out the relevant analyses, as agreed between the Parties. 6.2.2. Santander Brasil may request additional information from Getnet and/or its subsidiaries, as the case may be, that is necessary to analyze the potential granting of Funding, according to the policies of Santander Brasil. 6.2.3. Once the necessary information has been received, Santander Brasil, within a period to be agreed between the Parties, shall inform Getnet and/or its subsidiaries of the possibility of granting Funding and the applicable conditions, including the applicable interest rate, total actual cost, deadline for the availability of resources and the need for any guarantees. If Getnet and/or its subsidiaries are in accordance with the conditions presented, the instrument necessary to formalize the granting of Funding shall be executed. 6.2.4. If there is no expression of interest by Santander Brasil or if Getnet and/or its subsidiaries are not in accordance with the conditions presented, Getnet and/or its subsidiaries shall be free to seek funding from other sources in the financial and capital markets.

Appears in 2 contracts

Sources: Business Partnership Agreement (Banco Santander (Brasil) S.A.), Business Partnership Agreement (Getnet Adquirencia E Servicos Para Meios De Pagamento S.A.)