The brand new failure away from Bank, into the anyone or even more times, to work out their rights hereunder, should not changes or change the fine print to which it Contract is actually subject or reduce right from Lender to do so at a later time
(b) Notice delivered pursuant to Section 2.05(a) may be given by any written or electronic means. Low Payment Margin Call), any notice given before 5:00 p.m. (New York City time) on a Business Day shall be met, and the related Margin Call satisfied, no later than 5:00 p.m. (New York City time) on the following Business Day; notice given after 5:00 p.m. (New York City time) on a Business Day shall be met, and the related Margin Call satisfied, no later than 5:00 p.m. (New York City time) on the second Business Day following the date of such notice. With respect to all Margin Calls other than Low Percentage Margin Calls, any notice given before a.m. (New York City time) on a Business Day shall be met, and the related Margin Call satisfied, no later than 5:00 p.m. (New York City time) on such Business Day; notice given after a.m. (New York City time) on a Business Day shall be met, and the related Margin Call satisfied, no later than 5:00 p.m. (New York City time) on the following Business Day. The foregoing time requirements for satisfaction of a Margin Call are referred to as the Margin Work deadlines.
(c) In the event the a borrowing from the bank Feet Deficit is present, Bank may keep people loans obtained by using it to which Borrower perform if you don’t getting named hereunder, and therefore fund (i) is generally kept from the Lender resistant to the related Borrowing Feet Deficiency otherwise (ii) may be applied by Lender up against the Loan. Notwithstanding the foregoing, Lender holds best, within its only discretion, while making a good Margin Call in accordance to the arrangements from it Section 2.05.
Section 2.06 Fee Process. Borrower absolutely, unconditionally, and irrevocably, shall make, or cause to be made, all payments required to be made by Borrower hereunder. Borrower shall deposit or cause to be deposited all amounts constituting collection, payments and proceeds of Assets (including, without limitation, all fees and proceeds of sale) in the Dedicated Accounts.
Section 2.07 Application of Money. (a) On each Interest Payment Date, Lender shall prepare and deliver to Borrower a distribution worksheet detailing the application of amounts received on account of Participation Interests. The application of payments by Lender to the reduction of the Obligations shall, in the absence of manifest error, be binding upon Borrower.
(b) Brand new functions know one before termination of the CSFB Loan Arrangement, most of the numbers towards the put regarding the Loyal Membership might be used pursuant to the CSFB Loan Contract, and one wide variety on account of Bank otherwise Debtor hereunder, once the appropriate, will be persisted obligations regardless of the usage of wide variety into the deposit such Faithful Account:
(c) For each Appeal Fee Time number received because of Involvement Appeal pledged hereunder can be applied as follows:
Borrower and you can Lender each agree totally that a failure or reduce by the Lender to work out the liberties hereunder will not limitation otherwise waive Lender’s rights lower than so it Arrangement otherwise present by-law or by any means perform most liberties to have Borrower
(i) very first loans Piedmont, with the percentage of all the non-dominant numbers (together with, in place of limitation, Expenses) other than accumulated and you can delinquent attract owing with regards to the Loan;
(ii) 2nd, versus restricting the latest legal rights of Financial less than Point 2.05, into payment off dominant meet up with people Credit Base Lack owing with regards to the Loan;
