Common use of Affiliates; Lending Offices Clause in Contracts

Affiliates; Lending Offices. (a) Any Bank may, if it so elects, fulfill its Commitment as to any Eurodollar 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 which is a resident of Canada under the Income Tax Act (Canada); 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.

Affiliates; Lending Offices. (a) Any Bank may, if it so elects, fulfill its Commitment as to any Eurodollar Loan lending or payment obligations by causing a branch, foreign or otherwise, or an Affiliate of such Bank to make any Loan or payment to be made by such Loan Bank hereunder and may transfer and carry any such Loan at, to or for the account of any branch office or Affiliate of such Bank which is a resident of Canada under the Income Tax Act (Canada)Bank; provided thatprovided, that in such event event, for the purposes of this Agreement Agreement, any such Loan shall be deemed to have been made by such Bank and the obligation of the Company applicable Borrower 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.