TO Funding. No unfunded TOs are authorized. Funding must be authorized at the TO level and must be the type deemed appropriate for the services to be acquired.
TO Funding. If, on the last day of any month, Collections of Financed Receivables are insufficient to pay the amounts described in clauses (i) through (iv) above, such deficit shall be debited by the Agent to the Attrition Reserve Account and paid as set forth in such clauses. If, on the first Business Day of any week, funds on deposit in the Agent's Account exceed 125% of the amount that will be required to be paid under clauses (i) through (ix) above on the first Business Day of the next calendar month, the Agent shall cause such excess to be paid to Funding on the next Business Day.
TO Funding. If and when BYL becomes a voting member of CCF pursuant to Section 4.01, BYL shall execute and deliver to CCF its promissory note payable to the order of CCF in the principal amount of $2,493,750 ("the BYL Capital Note") in the form attached hereto as EXHIBIT C, which shall be secured by a security agreement granting a first-priority security interest in BYL's member interest in CCF (the "Security Agreement").
