Yield Periods. At any time when the Seller shall select, convert to or renew a BSBY Rate Option, the Seller shall notify the Administrator thereof at least three (3) Business Days prior to the effective date of such BSBY Rate Option by delivering an Investment Notice. The notice shall specify a Yield Period during which such Yield Rate Option shall apply. Notwithstanding the preceding sentence, the following provisions shall apply to any selection of, renewal of, or conversion to a BSBY Rate Option:
Appears in 1 contract
Sources: Receivables Purchase Agreement (Peabody Energy Corp)
Yield Periods. At any time when the Seller shall select, convert to or renew a BSBY Rate Option, the Seller shall notify the Administrator Administrative Agent thereof at least three (3) Business Days prior to the effective date of such BSBY Rate Option by delivering an Investment NoticeRequest. The notice shall specify a Yield Period during which such Yield Rate Option shall apply. Notwithstanding the preceding sentence, the following provisions shall apply to any selection of, renewal of, or conversion to a BSBY Rate Option:
Appears in 1 contract
Sources: Receivables Purchase Agreement (Exela Technologies, Inc.)