Syndication Party Records Clause Samples
Syndication Party Records. Each Syndication Party shall record on its books and records the amount of each 5-Year Advance, the rate and interest period applicable thereto, all payments of principal and interest, and the principal balance from time to time outstanding. The Syndication Party’s record thereof shall be prima facie evidence as to all such amounts and shall be binding on Borrower absent manifest error. Notwithstanding the foregoing, Borrower will never be required to pay as principal more than the principal amount of the 5-Year Advances and Bid Advances funded by such Syndication Party.
Syndication Party Records. Each Syndication Party shall record on its books and records the amount of each 5-Year Advance and any unreimbursed obligations to such Syndication Party with respect to payments by such Syndication Party under Negotiated Letters of Credit issued by such Syndication Party made by it hereunder, the rate and interest period applicable thereto, all payments of principal and interest, and the principal balance from time to time outstanding. The Syndication Party’s record thereof shall be prima facie evidence as to all such amounts and shall be binding on Borrower absent manifest error. Notwithstanding the foregoing, Borrower will never be required to pay as principal more than the principal amount of the 5-Year Advances and Bid Advances funded by such Syndication Party and any unreimbursed obligations to such Syndication Party with respect to payments by such Syndication Party under Negotiated Letters of Credit issued by such Syndication Party.
Syndication Party Records. 15 2.6 Use of Proceeds .....................................................16
Syndication Party Records. Use of Proceeds
Syndication Party Records. Each Syndication Party shall record on its books and records the amount of each 364-Day Advance (including Overnight Advances with respect to those Syndication Parties which are also Overnight Lenders), the rate and interest period applicable thereto, all payments of principal and interest, and the principal balance from time to time outstanding. Each Syndication Party's record thereof shall be prima facie evidence as to all such amounts and shall be binding on Borrower absent manifest error. Notwithstanding the foregoing, Borrower will never be required to pay to any Syndication Party as principal more than the principal amount of the 364-Day Advances, 364-Day Bid Advances, and Overnight Advances funded by such Syndication Party.
Syndication Party Records. Each Syndication Party shall record on its books and records the amount of each Advance (including Overnight Advances with respect to those Syndication Parties which are also Overnight Lenders) and any unreimbursed obligations to such Syndication Party with respect to payments by such Syndication Party under Negotiated Letters of Credit issued by such Syndication Party hereunder, the rate and interest period applicable thereto, all payments of principal and interest, and the principal balance from time to time outstanding. Each Syndication Party's record thereof shall be prima facie evidence as to all such amounts and shall be binding on Borrower absent manifest error. Notwithstanding the foregoing, Borrower will never be required to pay to any Syndication Party as principal more than the principal amount of the Loans made by such Syndication Party and any unreimbursed obligations to such Syndication Party with respect to payments by such Syndication Party under Negotiated Letters of Credit issued by such Syndication Party.
Syndication Party Records. 20 2.6 Use of Proceeds ........................................................................................20 2.7 Syndication Party Funding Failure ......................................................................21 2.8 Reduction of Aggregate 364-Day Commitment ..............................................................21 ARTICLE 3. OVERNIGHT FACILITY....................................................................................21 3.1 Overnight Advances .....................................................................................21 3.2 Overnight Lender Funding Failure .......................................................................22 ARTICLE 4. LETTER OF CREDIT FACILITY............................................................................22 4.1 Letter of Credit Request ...............................................................................22 4.1.1 Request for Committed Letter of Credit ................................................22 4.2 Committed Letters of Credit ............................................................................22 4.2.1 Available Amount ......................................................................22 4.2.2 Availability ..........................................................................23 4.2.3 Fees ..................................................................................23 4.2.4 Treatment of Draws ....................................................................23 4.2.5 Existing Letters of Credit ............................................................23 4.3 Reimbursement Obligation Unconditional .................................................................23 4.4 Cash Collateral Account ................................................................................24 4.4.1 364-Day Maturity Date .................................................................24 4.4.2 Event of Default ......................................................................24
Syndication Party Records. 20 2.6 Use of Proceeds ........................................................................................20 2.7 Syndication Party Funding Failure ......................................................................21 2.8 Reduction of Aggregate 364-Day Commitment ..............................................................21 ARTICLE 3. OVERNIGHT FACILITY....................................................................................21 3.1 Overnight Advances .....................................................................................21 3.2 Overnight Lender Funding Failure .......................................................................22 ARTICLE 4. LETTER OF CREDIT FACILITY............................................................................22 4.1 Letter of Credit Request ...............................................................................22 4.1.1 Request for Committed Letter of Credit ................................................22 4.2 Committed Letters of Credit ............................................................................22 4.2.1 Available Amount ......................................................................22 4.2.2 Availability ..........................................................................23 4.2.3 Fees ..................................................................................23 4.2.4 Treatment of Draws ....................................................................23 4.2.5 Existing Letters of Credit ............................................................23 4.3 Reimbursement Obligation Unconditional .................................................................23 4.4 Cash Collateral Account ................................................................................24 4.4.1 364-Day Maturity Date .................................................................24 4.4.2 Event of Default ......................................................................24