Common use of Assumptions Concerning Funding of Eurodollar Loans Clause in Contracts

Assumptions Concerning Funding of Eurodollar Loans. Calculation of all amounts payable to a Lender under this Article shall be made as though such Lender had actually funded Eurodollar Loans through the purchase of deposits in the relevant market bearing interest at the rate applicable to such Eurodollar Loans (excluding any Applicable Margin) in an amount equal to the amount of the Eurodollar Loans and having a maturity comparable to the relevant Interest Period; provided that each Lender may fund each of its Eurodollar Loans in any manner it sees fit and the foregoing assumption shall be used only for calculation of amounts payable under this Article.

Appears in 2 contracts

Samples: Term Loan Agreement (Spirit Realty, L.P.), Term Loan Agreement (Spirit Realty Capital, Inc.)

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Assumptions Concerning Funding of Eurodollar Loans. Calculation of all amounts payable to a Lender under this Article III shall be made as though such Lender had actually funded Eurodollar Loans through the purchase of deposits in the relevant market bearing interest at the rate applicable to such Eurodollar Loans (excluding any Applicable Margin) in an amount equal to the amount of the Eurodollar Loans and having a maturity comparable to the relevant Interest Period; provided provided, however, that each Lender may fund each of its Eurodollar Loans in any manner it sees fit and the foregoing assumption shall be used only for calculation of amounts payable under this ArticleArticle III.

Appears in 2 contracts

Samples: Credit Agreement (CNL Retirement Properties Inc), Credit Agreement (CNL Retirement Properties Inc)

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