Regular Transactions definition
Examples of Regular Transactions in a sentence
U.S. Bank shall notify each Buyer no later than 2:00 p.m. on each Swing Line Refunding Due Date of such Buyer’s Funding Share of the Swing Line Transactions that are to be converted to Regular Transactions on such date.
The parties hereto agree that the Swing Line facility under the Repurchase Agreement is hereby terminated and notwithstanding anything to the contrary in the Repurchase Agreement, from and after the effective date of this Amendment, all Transactions shall be funded by the Buyers as Regular Transactions and not as Swing Line Transactions.
U.S. Bank shall notify each Buyer no later than 1:00 p.m. on each Swing Line Refunding Date of such Buyer’s Funding Share of the Swing Line Transactions that are to be converted to Regular Transactions on such date.
The other Buyers may elect to fund their respective Funding Shares of such Swing Line Transactions so that (a) the Swing Line is paid down in full and (b) all Swing Line Transactions are converted to Regular Transactions with each Buyer having funded its Funding Share thereof.
All Price Differential accrued on Swing Line Transactions to the applicable Swing Line Refunding Due Date (or the Termination Date if any Buyer elects not to refund its Funding Share) shall be due and payable by the Seller to the Administrative Agent (for distribution to TIAA) in the manner applicable to Regular Transactions but in no event later than the Termination Date.
In accordance with Section 2, Seller may request that TIAA, in its discretion, enter into Swing Line Transactions to initially and temporarily purchase Eligible Mortgage Loans pending the Buyers’ discretionary purchase of such Eligible Mortgage Loans as Regular Transactions pursuant to this Agreement.