Common use of Assumptions Concerning Funding of LIBOR Advances Clause in Contracts

Assumptions Concerning Funding of LIBOR Advances. Calculation of all amounts payable to a Funding Party under this Section 7.5 shall be made as though such Funding Party had actually funded its relevant LIBOR Advances through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Advances in an amount equal to the amount of the LIBOR Advances and having a maturity comparable to the relevant Rent Period and through the transfer of such LIBOR Advances from an offshore office of that Funding Party to a domestic office of that Funding Party in the United States of America; provided, however, that each Funding Party may fund each of its LIBOR Advances in any manner it sees fit and the foregoing assumption shall be used only for calculation of amounts payable under this Section 7.5.

Appears in 2 contracts

Samples: Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc)

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Assumptions Concerning Funding of LIBOR Advances. Calculation of all amounts payable to a Funding an Affected Party under this Section 7.5 shall be made as though such Funding that Affected Party had actually funded its relevant LIBOR Advances through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Advances in an amount equal to the amount of the LIBOR Advances and having a maturity comparable to the relevant Rent Period and through the transfer of such LIBOR Advances from an offshore office of that Funding Affected Party to a domestic office of that Funding Affected Party in the United States of America; provided, however, however that each Funding Affected Party may fund each of its LIBOR Advances in any manner it sees fit and the foregoing assumption shall be used only for calculation of amounts payable under this Section 7.5.

Appears in 1 contract

Samples: Master Agreement (Dollar General Corp)

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Assumptions Concerning Funding of LIBOR Advances. Calculation of all amounts payable to a Funding Party under this Section 7.5 shall be made as though such that Funding Party had actually funded its relevant LIBOR Advances through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Advances in an amount equal to the amount of the LIBOR Advances and having a maturity comparable to the relevant Rent Period and through the transfer of such LIBOR Advances from an offshore office of that Funding Party to a domestic office of that Funding Party in the United States of America; provided, provided however, that each Funding Party may fund each of its LIBOR Advances in any manner it sees fit and the foregoing assumption shall be used only for calculation of amounts payable under this Section 7.5the Operative Documents.

Appears in 1 contract

Samples: Master Agreement (Choicepoint Inc)

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