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 Article 4 shall be made as though such Lender had actually funded LIBOR Loans through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Loans in an amount equal to the amount of the LIBOR Loans and having a maturity comparable to the relevant Interest Period provided, however, that each Lender may fund each of its LIBOR Loans in any manner it sees fit and the foregoing assumption shall be used only for calculation of amounts payable under this Article 4.

Appears in 3 contracts

Samples: Credit Agreement (Allied Capital Corp), Credit Agreement (Allied Capital Corp), Credit Agreement (Allied Capital Corp)

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Assumptions Concerning Funding of LIBOR Loans. Calculation of all amounts payable to a Lender the Lenders under this Article ARTICLE 4 shall be made as though such each Lender had actually funded or committed to fund its LIBOR Loans through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Loans an underlying deposit in an amount equal to the amount of the LIBOR Loans its Ratable share thereof and having a maturity comparable to the relevant Interest Period providedfor such LIBOR Loan; PROVIDED, howeverHOWEVER, that each Lender may fund each of its LIBOR Loans in any manner it sees deems fit and the foregoing assumption shall be used utilized only for the calculation of amounts payable under this Article ARTICLE 4.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tultex Corp), Loan and Security Agreement (Tultex Corp)

Assumptions Concerning Funding of LIBOR Loans. Calculation of all amounts payable to a Lender the Lenders under this Article 4 shall be made as though such each Lender had actually funded or committed to fund its LIBOR Loans through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Loans an underlying deposit in an amount equal to the amount of the LIBOR Loans its Ratable share thereof and having a maturity comparable to the relevant Interest Period for such LIBOR Loan; provided, however, that each Lender may fund each of its LIBOR Loans in any manner it sees deems fit and the foregoing assumption shall be used utilized only for the calculation of amounts payable under this Article 4.

Appears in 1 contract

Samples: Loan and Security Agreement (Safety Components International Inc)

Assumptions Concerning Funding of LIBOR Loans. Calculation of all amounts payable to a Lender the Lenders under this Article ARTICLE 4 shall be made as though such each Lender had actually funded or committed to fund its LIBOR Loans through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Loans an underlying deposit in an amount equal to the amount of the LIBOR Loans its Ratable share thereof and having a maturity comparable to the relevant Interest Period providedfor such LIBOR Loan; PROVIDED, however, that each Lender may fund each of its LIBOR Loans in any manner it sees deems fit and the foregoing assumption shall be used utilized only for the calculation of amounts payable under this Article 4.

Appears in 1 contract

Samples: Loan and Security Agreement (Tultex Corp)

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Assumptions Concerning Funding of LIBOR Loans. Calculation of all amounts payable to a Lender the Lenders under this Article 4 shall be made as though such each Lender had actually funded or committed to fund its LIBOR Loans through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Loans an underlying deposit in an amount equal to the amount of the LIBOR Loans such ratable share and having a maturity comparable to the relevant Interest Period for such LIBOR Loan; provided, however, that each Lender may fund each of its LIBOR Loans in any manner it sees deems fit and the foregoing assumption shall be used utilized only for the calculation of amounts payable under this Article 4.

Appears in 1 contract

Samples: Loan and Security Agreement (Collins Industries Inc)

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