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

Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to each Bank under Section 2.12(c) shall be made as though each Bank had actually funded its relevant Libor Rate Loan through the purchase of a Libor deposit bearing interest at the Libor Rate in an amount equal to the amount of that Libor Rate Loan and having maturity comparable to the relevant Interest Period and through the transfer of such Libor deposit from an offshore office to a domestic office in the United States of America; provided, however, that each Bank may fund each of its Libor Rate Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under Section 2.12(c).

Appears in 5 contracts

Samples: Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp)

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Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to each the Bank under Section 2.12(c2.11(c) shall be made as though each the Bank had actually funded its relevant Libor Rate Loan through the purchase of a Libor deposit bearing interest at the Libor Rate in an amount equal to the amount of that Libor Rate Loan and having maturity comparable to the relevant Interest Period and through the transfer of such Libor deposit from an offshore office to a domestic office in the United States of America; provided, however, that each the Bank may fund each of its Libor Rate Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under Section 2.12(c2.11(c).

Appears in 3 contracts

Samples: Loan Agreement (Mastech Holdings, Inc.), Loan Agreement (Igate Corp), Loan Agreement (Igate Corp)

Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to each Bank under Section 2.12(c2.11(c) shall be made as though each Bank had actually funded its relevant Libor Rate Loan through the purchase of a Libor deposit bearing interest at the Libor Rate in an amount equal to the amount of that Libor Rate Loan and having maturity comparable to the relevant Interest Period and through the transfer of such Libor deposit from an offshore office to a domestic office in the United States of America; provided, however, that each Bank may fund each of its Libor Rate Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under Section 2.12(c2.11(c).

Appears in 3 contracts

Samples: Credit Agreement (Baker Michael Corp), Loan Agreement (Baker Michael Corp), Loan Agreement (Baker Michael Corp)

Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to each the Bank under Section 2.12(c) shall be made as though each the Bank had actually funded its relevant Libor Rate Loan through the purchase of a Libor deposit bearing interest at the Libor Rate in an amount equal to the amount of that Libor Rate Loan and having maturity comparable to the relevant Interest Period and through the transfer of such Libor deposit from an offshore office to a domestic office in the United States of America; provided, however, that each the Bank may fund each of its Libor Rate Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under Section 2.12(c).

Appears in 2 contracts

Samples: Loan Agreement (Mastech Holdings, Inc.), Loan Agreement (Mastech Holdings, Inc.)

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Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to each Bank under Section 2.12(c3.2(c) shall be made as though each Bank had actually funded its relevant Libor Rate Loan through the purchase of a Libor deposit bearing interest at the Libor Rate in an amount equal to the amount of that Libor Rate Loan and having maturity comparable to the relevant Interest Period and through the transfer of such Libor deposit from an offshore office to a domestic office in the United States of America; provided, however, that each Bank may fund each of its Libor Rate Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under Section 2.12(c3.2(c).

Appears in 1 contract

Samples: Financing Agreement (Northwestern Corp)

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