Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to a Lender under this Article IV shall be made as though such Lender had actually funded LIBOR Rate Loans through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Rate Loans in an amount equal to the amount of the LIBOR Rate Loans and having a maturity comparable to the relevant Interest Period; provided, however, that each Lender may fund each of its LIBOR Rate Loans in any manner it sees fit and the foregoing assumption shall be used only for calculation of amounts payable under this Article IV.
Appears in 14 contracts
Samples: Revolving Credit and Term Loan Agreement (Columbia Property Trust, Inc.), Term Loan Agreement (Columbia Property Trust, Inc.), Term Loan Agreement (Columbia Property Trust, Inc.)
Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to a Lender the Lenders under this Article IV 4 shall be made as though such each Lender had actually funded or committed to fund its LIBOR Rate Loans through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Rate Loans an underlying deposit in an amount equal to the amount of the LIBOR Rate Loans such ratable share and having a maturity comparable to the relevant Interest PeriodPeriod for such LIBOR Rate Loan; provided, however, that each Lender may fund each of its LIBOR Rate 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 IV4.
Appears in 2 contracts
Samples: Loan and Security Agreement (Syratech Corp), Loan and Security Agreement (American Aircarriers Support Inc)
Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to a Lender Bank under this Article IV Section 3 shall be made as though such Lender Bank had actually funded LIBOR Rate Loans through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Rate Loans in an amount equal to the amount of the LIBOR Rate Loans and having a maturity comparable to the relevant Interest Period; provided, however, that each Lender Bank may fund each of its LIBOR Rate Loans in any manner it sees fit and the foregoing assumption shall be used only for calculation of amounts payable under this Article IVSection 3.
Appears in 1 contract
Samples: Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.)
Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to a Lender Bank under this Article IV shall be made as though such Lender Bank had actually funded LIBOR Rate Loans through the purchase of deposits in the relevant market bearing interest at the rate applicable to such LIBOR Rate Loans in an amount equal to the amount of the LIBOR Rate Loans and having a maturity comparable to the relevant Interest Period; provided, however, that each Lender Bank may fund each of its LIBOR Rate Loans in any manner it sees fit and the foregoing assumption shall be used only for calculation of amounts payable under this Article IVArticle.
Appears in 1 contract
Samples: Credit Agreement (Price Legacy Corp)