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With regards to an excellent ount out-of less than 5% of one’s a fantastic principal quantity of the loan (good

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New incapacity out of Financial, with the any one or higher period, to exercise the liberties hereunder, should not change or change the fine print to which this Arrangement are subject otherwise reduce proper away from Bank to do so at a later date

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(b) Notice delivered pursuant to Section 2.05(a) may be given by any written or electronic means. Reduced Percentage Margin Telephone 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) If a borrowing from the bank Feet Lack is present, Financial will get preserve any loans obtained from it to which Debtor do if not end up being entitled hereunder, and that loans (i) tends to be held of the Lender from the related Borrowing Foot Deficit or (ii) can be applied of the Bank contrary to the Mortgage. In spite of this, Lender holds the proper, within its just discernment, while making a good Margin Call in accordance on the specifications out-of that it Part dos.05.

Section 2.06 Commission Processes. 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 Applying of Repayments. (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) The brand new functions accept one prior to cancellation of your own CSFB Financing Contract, every quantity toward deposit regarding the Loyal Account are applied pursuant with the CSFB Loan Contract, and you can one amounts due to Bank or Borrower hereunder, just like the appropriate, is going to be proceeded financial obligation despite making use of amounts with the deposit this kind of Loyal Membership:

(c) On every Desire Commission Date numbers acquired due to Contribution Passion pledged hereunder should be applied below:

Debtor and you can Lender each agree that a failure otherwise impede of the Financial to work out their legal rights hereunder should maybe not restrict or waive Lender’s rights below so it Contract or otherwise established by-law otherwise in any way create most rights to have Borrower

(i) very first, towards percentage of all of the low-dominating amounts (along with, versus limitation, Expenses) apart from accumulated and you will delinquent appeal owing according to Loan;

(ii) 2nd, instead limiting the brand new legal rights regarding Financial significantly less than Section 2.05, on the fee of principal in order to satisfy people Credit Base Deficit due with respect to the Loan;

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  • With regards to an excellent ount out-of less than 5% of one’s a fantastic principal quantity of the loan (good

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