Common use of Selection of Tranche Periods Clause in Contracts

Selection of Tranche Periods. At any time while TPF is not a Pool-Funded Conduit, Borrower may from time to time (after consultation with the TPF Agent) request specific maturity dates for the Related Commercial Paper. The TPF Agent shall accept such request unless it determines, in its sole discretion, that the related tranche period is unavailable or commercially undesirable.

Appears in 1 contract

Sources: Credit and Security Agreement (Mohawk Industries Inc)

Selection of Tranche Periods. At any time while TPF is not a Pool-Funded Conduit, Borrower the Seller may from time to time (after consultation with the TPF Agent) request specific maturity dates for the Related Commercial Paper. The TPF Agent shall accept such request unless it determines, in its sole discretion, that the related tranche period is unavailable or commercially undesirable.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Eastman Chemical Co)