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

Assumptions Concerning Funding of LIBOR Loans. Calculation of all amounts payable to a Lender under this Section 2.6 and under Sections 2.5A and 2.5C shall be made as though that Lender had actually funded each of its relevant LIBOR Loans through the purchase of a LIBOR deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of “LIBOR” in an amount equal to the amount of such LIBOR Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such LIBOR deposit from an offshore office of that Lender to a domestic office of that Lender in the United States of America; provided that each Lender may fund each of its LIBOR Loans in any manner it sees fit and the foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this Section 2.6 and under Sections 2.5A and 2.5C.

Appears in 5 contracts

Samples: Term Loan Agreement (Assurant Inc), Credit Agreement (Assurant Inc), Term Loan Agreement (Assurant Inc)

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Assumptions Concerning Funding of LIBOR Loans. Calculation of all amounts payable to a Lender under this Section 2.6 2.18 and under Sections 2.5A and 2.5C Section 2.19 shall be made as though that such Lender had actually funded each of its relevant LIBOR Loans through the purchase of a LIBOR Eurocurrency deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of “LIBOR” LIBOR Rate in an amount and currency equal to the amount of such LIBOR Loan and having a maturity comparable to the relevant Interest LIBOR Period and through the transfer of such LIBOR Eurocurrency deposit from an offshore office of that such Lender to a domestic office of that such Lender in the United States of America; provided that provided, however, each Lender may fund each of its LIBOR Loans in any manner it sees fit and the foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this Section 2.6 2.18 and under Sections 2.5A and 2.5C.Section 2.19.

Appears in 3 contracts

Samples: Second Lien Credit and Guaranty Agreement (Dura Automotive Systems Inc), Senior Secured Revolving Credit and Guaranty Agreement (Dura Automotive Systems Inc), Senior Secured Debtor in Possession Term Loan and Guaranty Agreement (Dura Automotive Systems Inc)

Assumptions Concerning Funding of LIBOR Loans. Calculation of all amounts payable to a Lender under this Section 2.6 2.18 and under Sections 2.5A and 2.5C Section 2.19(a) shall be made as though that such Lender had actually funded each of its relevant LIBOR Loans through the purchase of a LIBOR deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of “LIBOR” LIBOR Rate in an amount equal to the amount of such LIBOR Loan and having a maturity comparable to the relevant Interest LIBOR Period and through the transfer of such LIBOR deposit from an offshore office of that such Lender to a domestic office of that such Lender in the United States of America; provided that provided, however, each Lender may fund each of its LIBOR Loans in any manner it sees fit and the foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this Section 2.6 2.18 and under Sections 2.5A and 2.5C.Section 2.19(a).

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Amscan Holdings Inc), Credit and Guaranty Agreement (Amscan Holdings Inc)

Assumptions Concerning Funding of LIBOR Loans. Calculation of all amounts payable to a Lender under this Section subsection 2.6 and under Sections 2.5A and 2.5C subsection 2.7A shall be made as though that Lender had actually funded each of its relevant LIBOR Loans through the purchase of a LIBOR Eurodollar deposit bearing interest at the rate obtained pursuant to clause (i) of in accordance with the definition of “LIBOR” LIBOR in an amount equal to the amount of such LIBOR Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such LIBOR Eurodollar deposit from an offshore office of that Lender to a domestic office of that Lender in the United States of America; provided PROVIDED, HOWEVER, that each Lender may fund each of its LIBOR Loans in any manner it sees fit and the foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this Section subsection 2.6 and under Sections 2.5A and 2.5C.subsection 2.7A.

Appears in 1 contract

Samples: Credit Agreement (Oakley Inc)

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Assumptions Concerning Funding of LIBOR Loans. Calculation of all amounts payable to a Lender under this Section 2.6 and under Sections 2.5A and 2.5C shall be made as though that Lender had actually funded each of its relevant LIBOR Loans through the purchase of a LIBOR deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of “LIBOR” LIBOR in an amount equal to the amount of such LIBOR Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such LIBOR deposit from an offshore office of that Lender to a domestic office of that Lender in the United States of America; provided that each Lender may fund each of its LIBOR Loans in any manner it sees fit and the foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this Section 2.6 and under Sections 2.5A and 2.5C.

Appears in 1 contract

Samples: Credit Agreement (Assurant Inc)

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