Payments

Group banks serve businesses and shoppers throughout the nation. Finance ministers from 34 nations of the Americas and the Caribbean are expected to attend a excessive-degree assembly on October 11 with executives of the Inter-American Improvement (IDB), the International Financial Fund (IMF) and the World Financial institution (WB) to debate policy choices for monetary inclusion and regional commerce integration.

Subject to the satisfaction of the circumstances precedent set forth in Section Six and as long as no Default or Event of Default then exists, every Lender severally, but not collectively, agrees, upon Debtors’ request every now and then on any Enterprise Day in the course of the interval from the date hereof to the Maturity Date, to make revolving loans (the “Revolving Loans”) to Borrowers, in amounts not to exceed (aside from Financial institution of America with respect to Non-Ratable Loans and apart from the Agent with respect to Agent Advances) such Lender’s Pro Rata Share of the Debtors’ Availability.

Notwithstanding something to the contrary contained in this Settlement, except so directed by Debtors, or unless an Occasion of Default has occurred and is constant, neither Agent nor any Lender shall apply any payments which it receives to any LIBOR Revolving Loan, except (a) on the expiration date of the Interest Interval applicable to any such LIBOR Revolving Loan, or (b) in the event, and solely to the extent, that there are not any outstanding Base Charge Revolving Loans.

Mortgage Documents shall mean this Agreement, the Notes, the Letters of Credit score and the purposes therefor, the Guaranties, the Pledges, the Collateral Project, the Price Letters, the Intercreditor Settlement, the Collection Account Agreements, Compliance Certificates, and all different agreements, devices, and paperwork heretofore, now or hereafter evidencing, securing, guaranteeing or in any other case relating to the Obligations, the Collateral, the security interest within the Collateral, or every other side of the transactions contemplated by this Agreement.

Adjusted Tangible Belongings shall mean all assets except: (a) emblems, tradenames, franchises, goodwill, and other similar intangibles; (b) assets situated and notes and receivables due from obligors domiciled exterior the United States of America, Puerto Rico, or Canada; and (c) accounts, notes, and different receivables due from Affiliates or staff of Debtors, together with, with out limitation, any funding in or loan to the Particular Objective Subsidiary.