Common use of Advance Requests Clause in Contracts

Advance Requests. Subject to the terms of this Series 2013-B Supplement, including satisfaction of the Funding Conditions, the aggregate principal amount of the Series 2013-B Notes may be increased from time to time. On any Business Day during the Series 2013-B Revolving Period, HVF II, subject to this Section 2.2, may increase the Series 2013-B Principal Amount (such increase, including any increase resulting from an Investor Group Maximum Principal Increase Amount or an Additional Investor Group Initial Principal Amount, is referred to as an “Advance”), by issuing, at par, additional principal amounts of the Series 2013-B Notes allocated in accordance with Section 2.2(d). (i) Whenever HVF II wishes a Conduit Investor, or if there is no Conduit Investor with respect to any Investor Group, the Committed Note Purchaser with respect to such Investor Group, to make an Advance, HVF II shall notify the Administrative Agent, the related Funding Agent and the Trustee by providing written notice delivered to the Administrative Agent, the Trustee and such Funding Agent (with a copy of such notice delivered to the Committed Note Purchasers) no later than 11:30 a.m. (New York City time) on the second Business Day prior to the proposed Advance (which notice may be combined with the notice delivered pursuant to Section 2.1(b), in the case of an Advance in connection with an Additional Investor Group Initial Principal Amount, or pursuant to Section 2.1(c), in the case of an Advance in connection with an Investor Group Maximum Principal Increase Amount). Each such notice shall be irrevocable and shall in each case refer to this Series 2013-B Supplement and specify the aggregate amount of the requested Advance to be made on such date; provided, however, if HVF II receives a Delayed Funding Notice in accordance with Section 2.2(e) by 6:00 p.m. (New York time) on the second Business Day prior to the date of any proposed Advance, HVF II shall have the right to revoke the Advance Request by providing the Administrative Agent and each Funding Agent (with a copy to the Trustee and each Committed Note Purchaser) written notice, by telecopy or electronic mail, of such revocation no later than 10:00 a.m. (New York time) on the Business Day prior to the proposed date of such Advance. (ii) Each Funding Agent shall promptly advise its related Conduit Investor, or if there is no Conduit Investor with respect to any Investor Group, its related Committed Note Purchaser, of any notice given pursuant to Section 2.2(a) and, if there is a Conduit Investor with respect to any Investor Group, shall promptly thereafter (but in no event later than 11:00 a.m. (New York City time) on the proposed date of the Advance), notify HVF II and the related Committed Note Purchaser(s), whether such Conduit Investor has determined to make such Advance.

Advance Requests. Subject to the terms of this Series 2013-B A Supplement, including satisfaction of the Funding Conditions, the aggregate principal amount of the Series 2013-B A Notes may be increased from time to time. On any Business Day during the Series 2013-B A Revolving Period, HVF II, subject to this Section 2.2, may increase the Series 2013-B A Principal Amount (such increase, including any increase resulting from an Investor Group Maximum Principal Increase Amount or an Additional Investor Group Initial Principal Amount, is referred to as an “Advance”), by issuing, at par, additional principal amounts of the Series 2013-B A Notes allocated in accordance with Section 2.2(d). (i) Whenever HVF II wishes a Conduit Investor, or if there is no Conduit Investor with respect to any Investor Group, the Committed Note Purchaser with respect to such Investor Group, to make an Advance, HVF II shall notify the Administrative Agent, the related Funding Agent and the Trustee by providing written notice delivered to the Administrative Agent, the Trustee and such Funding Agent (with a copy of such notice delivered to the Committed Note Purchasers) no later than 11:30 a.m. (New York City time) on the second Business Day prior to the proposed Advance (which notice may be combined with the notice delivered pursuant to Section 2.1(b), in the case of an Advance in connection with an Additional Investor Group Initial Principal Amount, or pursuant to Section 2.1(c), in the case of an Advance in connection with an Investor Group Maximum Principal Increase Amount). Each such notice shall be irrevocable and shall in each case refer to this Series 2013-B A Supplement and specify the aggregate amount of the requested Advance to be made on such date; provided, however, if HVF II receives a Delayed Funding Notice in accordance with Section 2.2(e) by 6:00 p.m. (New York time) on the second Business Day prior to the date of any proposed Advance, HVF II shall have the right to revoke the Advance Request by providing the Administrative Agent and each Funding Agent (with a copy to the Trustee and each Committed Note Purchaser) written notice, by telecopy or electronic mail, of such revocation no later than 10:00 a.m. (New York time) on the Business Day prior to the proposed date of such Advance. (ii) Each Funding Agent shall promptly advise its related Conduit Investor, or if there is no Conduit Investor with respect to any Investor Group, its related Committed Note Purchaser, of any notice given pursuant to Section 2.2(a) and, if there is a Conduit Investor with respect to any Investor Group, shall promptly thereafter (but in no event later than 11:00 a.m. (New York City time) on the proposed date of the Advance), notify HVF II and the related Committed Note Purchaser(s), whether such Conduit Investor has determined to make such Advance.

Advance Requests. Subject to the terms of this Series 20132014-B A Supplement, including satisfaction of the Funding Conditions, the aggregate principal amount of the Series 20132014-B A Notes may be increased from time to time. On any Business Day during the Series 20132014-B A Revolving Period, HVF II, subject to this Section 2.2, may increase the Series 20132014-B A Principal Amount (such increase, including any increase resulting from an Investor Group Maximum Principal Increase Amount or an Additional Investor Group Initial Principal Amount, is referred to as an “Advance”), by issuing, at par, additional principal amounts of the Series 20132014-B A Notes allocated in accordance with Section 2.2(d). (i) Whenever HVF II wishes a Conduit Investor, or if there is no Conduit Investor with respect to any Investor Group, the Committed Note Purchaser with respect to such Investor Group, to make an Advance, HVF II shall notify the Administrative Agent, the related Funding Agent and the Trustee by providing written notice delivered to the Administrative Agent, the Trustee and such Funding Agent (with a copy of such notice delivered to the Committed Note Purchasers) no later than 11:30 a.m. (New York City time) on the second Business Day prior to the proposed Advance (which notice may be combined with the notice delivered pursuant to Section 2.1(b), in the case of an Advance in connection with an Additional Investor Group Initial Principal Amount, or pursuant to Section 2.1(c), in the case of an Advance in connection with an Investor Group Maximum Principal Increase Amount). Each such notice shall be irrevocable and shall in each case refer to this Series 20132014-B A Supplement and specify the aggregate amount of the requested Advance to be made on such date; provided, however, if HVF II receives a Delayed Funding Notice in accordance with Section 2.2(e) by 6:00 p.m. (New York time) on the second Business Day prior to the date of any proposed Advance, HVF II shall have the right to revoke the Advance Request by providing the Administrative Agent and each Funding Agent (with a copy to the Trustee and each Committed Note Purchaser) written notice, by telecopy or electronic mail, of such revocation no later than 10:00 a.m. (New York time) on the Business Day prior to the proposed date of such Advance. (ii) Each Funding Agent shall promptly advise its related Conduit Investor, or if there is no Conduit Investor with respect to any Investor Group, its related Committed Note Purchaser, of any notice given pursuant to Section 2.2(a) and, if there is a Conduit Investor with respect to any Investor Group, shall promptly thereafter (but in no event later than 11:00 a.m. (New York City time) on the proposed date of the Advance), notify HVF II and the related Committed Note Purchaser(s), whether such Conduit Investor has determined to make such Advance.