Variable Funding Note definition

Variable Funding Note has the meaning assigned to such term in Section 2.01(a).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Variable Funding Note or “VFN”: Defined in Section 2.1.

Variable Funding Note. Defined in Section 2.1(a).

Examples of Variable Funding Note in a sentence

• Interest shall accrue on the Variable Funding Note, and the Variable Funding Note shall be payable, as described herein.

• In the case of information furnished pursuant to clauses (ii) and (iii) above, the amounts shall be expressed as an aggregate dollar amount per Variable Funding Note, Term Note or Certificate, as applicable, with a $1,000 denomination.

• If the Administrator supplies no information to the Indenture Trustee in its Determination Date Administrator Report concerning New Receivables Funding Amounts or payments on any Variable Funding Note in respect of an Interim Payment Date, then the Indenture Trustee shall apply no Available Funds to pay New Receivables Funding Amounts or to make payment on any Note on such Interim Payment Date.

• The failure of any Lender Agent to make any such notation on the schedule attached to any Variable Funding Note shall not limit or otherwise affect the obligation of the Borrower to repay the Advances in accordance with their respective terms as set forth herein.

• If any Variable Funding Note is issued, interest shall accrue on such Variable Funding Note, and such Variable Funding Note shall be payable, as described herein.

More Definitions of Variable Funding Note

Variable Funding Note means any Note that is designated as a variable funding note in the related Indenture Supplement.

Variable Funding Note or “Variable Funding Notes” shall mean the note or notes authenticated and delivered pursuant to the Indenture, substantially in the form of Exhibit A to the Indenture.

Variable Funding Note is defined in Section 2.5(c) of the Base Indenture.

Variable Funding Note or “VFN”: The collective reference to the Class A Variable Funding Notes (or AVFNs) and the Class B Variable Funding Notes (or BVFNs).

Variable Funding Note shall have the meaning set forth in Section 2.01.

Variable Funding Note means any Notes of any Series the principal amount of which may be increased and/or reduced from time to time and which is designated as a "Variable Funding Note" in the Supplement pursuant to which such Series is issued.

Variable Funding Note or “VFN”: The meaning specified in Section 2.1(a). “▇▇▇▇▇▇▇ Rule”: Section 13 of the U.S. Bank Holding Company Act of 1956, as amended, and the applicable rules and regulations thereunder. “▇▇▇▇▇ Fargo”: ▇▇▇▇▇ Fargo Bank, National Association, a national banking association and its successors and assigns. “Withholding Agent”: The Borrower and the Administrative Agent.