Common use of Affiliates; Lending Offices Clause in Contracts

Affiliates; Lending Offices. (a) Any Bank may, if it so elects, fulfill any obligation to make a Eurodollar Loan or Competitive Loan by causing a branch, foreign or otherwise, or Affiliate of such Bank to make such Loan and may transfer and carry such Loan at, to or for the account of any branch office or Affiliate of such Bank; provided that, in such event for the purposes of this Agreement such Loan shall be deemed to have been made by such Bank and the obligation of the Company to repay such Loan shall nevertheless be to such Bank and shall be deemed to be held by such Bank and, to the extent of such Loan, to have been made for the account of such branch or Affiliate.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Ocean Energy Inc /Tx/), 364 Day Credit Agreement (Ocean Energy Inc /Tx/), Credit Agreement (Seagull Energy Corp)

AutoNDA by SimpleDocs

Affiliates; Lending Offices. (a) Any Bank may, if it so elects, fulfill its Commitment as to any obligation to make a Eurodollar Loan or Competitive Loan by causing a branch, foreign or otherwise, or Affiliate of such Bank to make such Loan and may transfer and carry such Loan at, to or for the account of any branch office or Affiliate of such Bank; provided that, PROVIDED that in such event event, for the purposes of this Agreement Agreement, such Loan shall be deemed to have been made by such Bank and the obligation of the Company to repay such Loan shall nevertheless be to such Bank and shall be deemed to be held by such Bank andBank, to the extent of such Loan, to have been made for the account of such branch or Affiliate.

Appears in 4 contracts

Samples: Credit Agreement (Santa Fe Energy Resources Inc), Credit Agreement (Monterey Resources Inc), Credit Agreement (Santa Fe Snyder Corp)

Affiliates; Lending Offices. (a) Any Bank may, if it so elects, fulfill any obligation to make a Eurodollar Loan its lending or Competitive Loan payment obligations by causing a branch, foreign or otherwise, or an Affiliate of such Bank to make such Loan or payment and may transfer and carry such Loan at, to or for the account of any branch office or Affiliate of such Bank; provided thatprovided, that in such event event, for the purposes of this Agreement Agreement, such Loan shall be deemed to have been made by such Bank and the obligation of the Company Borrowers to repay such Loan shall nevertheless be to such Bank and shall be deemed to be held by such Bank andBank, to the extent of such Loan, to have been made for the account of such branch or Affiliate.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group Inc)

Affiliates; Lending Offices. (a) Any Bank Lender may, if it so elects, fulfill any obligation to make a Eurodollar Loan or Competitive Rate Loan by causing a branch, foreign or otherwise, or Affiliate of such Bank Lender to make such Loan and may transfer and carry such Loan at, to or for the account of any branch office or Affiliate of such BankLender; provided that, in such event for the purposes of this Credit Agreement such Loan shall be deemed to have been made by such Bank Lender and the obligation of the Company Borrower to repay such Loan shall nevertheless be to such Bank Lender and shall be deemed to be held by such Bank Lender and, to the extent of such Loan, to have been made for the account of such branch or Affiliate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Barrett Resources Corp)

AutoNDA by SimpleDocs

Affiliates; Lending Offices. (a) Any Bank Lender may, if it so elects, fulfill any obligation to make a Eurodollar Loan or Competitive Loan by causing a branch, foreign or otherwise, or Affiliate of such Bank Lender to make such Loan and may transfer and carry such Loan at, to or for the account of any branch office or Affiliate of such BankLender; provided that, in such event for the purposes of this Agreement such Loan shall be deemed to have been made by such Bank Lender and the obligation of the Company to repay such Loan shall nevertheless be to such Bank Lender and shall be deemed to be held by such Bank Lender and, to the extent of such Loan, to have been made for the account of such branch or Affiliate.

Appears in 1 contract

Samples: Guaranty Agreement (Ocean Energy Inc /Tx/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!