Issuance of Commercial Paper Notes. (a) Each Commercial Paper Note issued by the Company shall be issued in a Face Amount of at least $100,000 and shall be duly executed by it and delivered to the Depositary in accordance with the terms of the Depositary Agreement. No Commercial Paper Note shall be issued by the Company except through the Depositary and in accordance with the terms of this Agreement and the Depositary Agreement. The Company shall not at any time issue Commercial Paper Notes in an aggregate Face Amount exceeding the sum of (i) the Unused Commitment plus (ii) the proceeds of such Commercial Paper Notes to be deposited, on the same day as the day of such issuance, in the Commercial Paper Account for the purpose of reimbursing LOC Payments relating to matured and concurrently maturing Commercial Paper Notes (whether or not presented for payment) plus (iii) the proceeds of such Commercial Paper Notes to be deposited, on the same day as the day of such issuance, in the Commercial Paper Account for the purpose of contemporaneously repaying outstanding Loans; provided, however, that (after giving effect to the use of such deposits) at no time shall the sum (i) of the aggregate Face Amount of outstanding Commercial Paper Notes plus (ii) the aggregate unpaid principal amount of outstanding Loans plus (iii) the aggregate amount of unreimbursed LOC Payments exceed the Total Commitment then in effect.
Issuance of Commercial Paper Notes. Each Commercial Paper Note issued by the Company shall be issued in a Face Amount of at least $100,000 and shall be duly executed by it and delivered to the Depositary in accordance with the terms of the Depositary Agreement. No Commercial Paper Note shall be issued by the Company except through the Depositary and in accordance with the terms of this Agreement and the Depositary Agreement. The Company shall not at any time issue Commercial Paper Notes in an aggregate Face Amount exceeding the sum of (i) the Unused Commitment plus (ii) the proceeds of such Commercial Paper Notes to be deposited, on the same day as the day of such issuance, in the Commercial Paper Account for the purpose of reimbursing LOC Payments relating to matured and concurrently maturing Commercial Paper Notes (whether or not presented for payment) plus (iii) the proceeds of such Commercial Paper Notes to be deposited, on the same day as the day of such issuance, in the Commercial Paper Account for the purpose of contemporaneously repaying outstanding Loans; provided, however, that (after giving effect to the use of such deposits) at no time shall the sum (i) of the aggregate Face Amount of outstanding Commercial Paper Notes plus (ii) the aggregate unpaid principal amount of outstanding Loans plus (iii) the aggregate amount of unreimbursed LOC Payments exceed the Total Commitment then in effect. The Company shall not issue Commercial Paper Notes unless the Bank shall have consented in writing to such issuance. The Company shall not, after the receipt of instructions from the Bank to cease issuing Commercial Paper Notes, issue Commercial Paper Notes until the Bank shall have rescinded such instructions and shall have consented in writing to the issuance of Commercial Paper Notes. Any instructions by the Bank to cease issuing Commercial Paper Notes and each notice rescinding (or consenting to the rescission of) such instructions shall be in writing or by telephone (confirmed in writing promptly thereafter) or by facsimile transmission and shall also be given to the Depositary. The Bank hereby agrees that, unless an Event of Default (or, in the case of an issuance of Commercial Paper Notes which would increase the Outstandings, a Default) shall have occurred and be continuing, and except as provided in Section 2.07 hereof, it shall not give or keep in effect instructions to cease issuing Commercial Paper Notes so long as each of the conditions precedent specified in Article VI hereof with...
Issuance of Commercial Paper Notes. (a) Prior to or on the date of a proposed issuance of Commercial Paper Notes, the Dealer and the CP Issuer shall confer as to the face amounts, maturities and denominations of the Commercial Paper Notes, the applicable discounts from the CP Matured Values at which the Commercial Paper Notes are to be issued and whether such Commercial Paper Notes are to be issued in certificated or book-entry-only form. When the Dealer and the CP Issuer have mutually agreed on the financial terms of the Commercial Paper Notes, including appropriate compensation for the Dealer's services hereunder, the Dealer will instruct the Depositary to deliver either (i) duly executed and countersigned Certificated Notes to the persons specified by the Dealer on the date of issuance or (ii) BEO Notes through the book-entry-only program of DTC in the name of the persons specified by the Dealer on the date of issuance, as appropriate.
Issuance of Commercial Paper Notes. (a) Issuance Requests shall be in the form attached hereto as Exhibit B. Issuance Requests may be delivered by an Authorized Representative through an electronic instruction and reporting communication service offered by Bank pursuant to Section 10 hereof, in each case received by Bank at the address specified in Section 19 hereof prior to 12:00 p.m. on the day on which such Issuance Request is to be operative. If Bank, at its option, acts upon an Issuance Request received after 12:00 p.m. on the day on which the Issuance Request is to be operative, City understands and agrees that (a) such Issuance Request shall be acted upon on a best-efforts basis, and (b) Bank makes no representation or warranty that the issuance and delivery of any Commercial Paper Note pursuant to such Issuance Request shall be completed prior to the close of business on such date. Any Issuance Request given by telephone shall be confirmed to Bank in writing, either by regular mail (upon receipt), electronic transmission or facsimile, by an Authorized Representative prior to 1:00 p.m. in the form of Exhibit B hereto on the day on which such Issuance Request is to be operative.
Issuance of Commercial Paper Notes. (a) The Agency will not permit the Issuing and Paying Agent to issue, or permit any Dealer to market, any Commercial Paper Note or Commercial Paper Notes with a maturity shorter than three (3) days from the date of issuance without the Bank’s prior written consent. Should the Agency request the Bank’s prior written consent to permit a Commercial Paper Note or Commercial Paper Notes to be issued with a maturity shorter that three (3) days from its issuance, the Bank agrees to make a reasonable effort to provide such prior written consent the same day as the Agency’s request.
Issuance of Commercial Paper Notes. On the terms and subject to the provisions of this Liquidity Agreement and the other Related Documents, NFC may from time to time on or after the Closing Date and prior to the Liquidity Commitment Termination Date, issue and sell Commercial Paper Notes; provided, however, that NFC shall not issue and sell Commercial Paper Notes if
Issuance of Commercial Paper Notes. (a) From time to ----------------------------------- time during the term of this Agreement, and upon your timely receipt of written (including electronically transmitted writings) or telephonic instructions (subject to written confirmation, in the case of telephonic instructions, as provided in paragraph (b) of this Section 3) in respect of any Commercial Paper ------------- Note, not later than 1:00 p.m. (New York City time) on the date of issuance thereof from an Authorized Representative, you shall: (i) in the case of Certificated Notes, withdraw designated Commercial Paper Notes from safekeeping and, in accordance with the instructions received, take the following action with respect to each such Certificated Note:
Issuance of Commercial Paper Notes. (a) From time to time during the term of this Agreement, and upon your timely receipt of written (including electronically transmitted writings) or telephonic instructions (subject to written confirmation, in the case of telephonic instructions, as provided in paragraph (b) of this Section 3) in respect of any Commercial Paper Note, not later than 1:00 p.m. (New York City time) on the date of issuance thereof from an Authorized Representative, you shall: (i) in the case of Certificated Notes,
Issuance of Commercial Paper Notes. On the terms and subject to the provisions of this Series 1997-1 Liquidity Agreement and the other Related Documents, RFC may from time to time on or after the Series 1997-1 Closing Date and prior to the Liquidity Commitment Termination Date, issue and sell Commercial Paper Notes; provided, however, that RFC shall not issue and sell Commercial Paper Notes if
Issuance of Commercial Paper Notes. On the terms and subject to the provisions of this Liquidity Agreement and the other CP Program Documents, DTFC may from time to time on or after the Closing Date and prior to the Liquidity Commitment Termination Date, issue and sell Commercial Paper Notes; provided, however, that DTFC shall not issue and sell Commercial Paper Notes if
