Common use of Rate Quote Clause in Contracts

Rate Quote. Not later than five Business Days after the Issuers shall have given Prudential a Request for Purchase pursuant to paragraph 2A(3), Prudential may but shall be under no obligation to, provide to the Issuers by telephone or electronic mail transmission or facsimile, in each case between 9:30 A.M. and 1:30 P.M. New York City time (or such later time as Prudential may elect) interest rate quotes for the several principal amounts, maturities, principal prepayment schedules, and interest payment periods of Shelf Notes specified in such Request for Purchase. Each quote shall represent the interest rate per annum payable on the outstanding principal balance of such Shelf Notes at which a Prudential Affiliate would be willing to purchase such Shelf Notes at 100% of the principal amount thereof.

Appears in 1 contract

Sources: Private Shelf Agreement (Winmark Corp)

Rate Quote. Not later than five Business Days after the Issuers Company shall have given Prudential a Request for Purchase pursuant to paragraph 2A(3Section 2.3(d), Prudential may may, but shall be under no obligation to, provide to the Issuers Company by telephone or electronic mail transmission or facsimile, in each case between 9:30 A.M. and 1:30 P.M. New York City time (or such later time as Prudential may elect) interest rate quotes for the several principal amounts, maturities, principal prepayment schedules, currencies, and interest payment periods of Shelf Notes specified in such Request for Purchase. Each quote shall represent the interest rate per annum payable on the outstanding principal balance of such Shelf Notes at which a Prudential Affiliate would be willing to purchase such Shelf Notes at 100% of the principal amount thereof.

Appears in 1 contract

Sources: Multi Currency Note Purchase and Private Shelf Agreement (Waters Corp /De/)