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 the Lender under this Section 3.1 and under Section 3.2 shall be made as though the Lender had actually funded each of the relevant LIBOR Rate Loans through the purchase of a LIBOR deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of LIBOR Rate in an amount equal to the amount of such LIBOR Rate Loans and having a maturity comparable to the relevant Interest Period; provided, however, that the Lender may fund each of its LIBOR Rate 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 3.1 and under Section 3.2.

Appears in 2 contracts

Samples: Credit Agreement (Hibbett Inc), Credit Agreement (Hibbett Inc)

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Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to the a Lender under this Section 3.1 and under Section 3.2 3 shall be made as though the such Lender had actually funded each of the relevant LIBOR Rate Loans through the purchase of a LIBOR deposit deposits in the relevant market bearing interest at the rate obtained pursuant applicable to clause (i) of the definition of such LIBOR Rate Loans in an amount equal to the amount of such the LIBOR Rate Loans and having a maturity comparable to the relevant Interest Period; provided, however, that the each Lender may fund each of its LIBOR Rate Loans in any manner it sees fit and the foregoing assumptions assumption shall be utilized used only for the purposes calculation of calculating amounts payable under this Section 3.1 and under Section 3.23.

Appears in 1 contract

Samples: Construction Loan and Security Agreement (Campus Crest Communities, Inc.)

Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to the a Lender under this Section 3.1 and under Section 3.2 3 shall be made as though the such Lender had actually funded each of the relevant LIBOR Rate Loans through the purchase of a LIBOR deposit deposits in the relevant market bearing interest at the rate obtained pursuant applicable to clause (i) of the definition of such LIBOR Rate Loans in an amount equal to the amount of such the LIBOR Rate Loans and having a maturity comparable to the relevant Interest Period; provided, however, that the each Lender may fund each of its LIBOR Rate Loans in any manner it sees fit (so long as such manner is in accordance with Applicable Law and this Agreement) and the foregoing assumptions assumption shall be utilized used only for the purposes calculation of calculating amounts payable under this Section 3.1 and under Section 3.23.

Appears in 1 contract

Samples: Construction Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)

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Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to the Lender under this Section 3.1 and under Section 3.2 3 shall be made as though the Lender had actually funded each of the relevant LIBOR Rate Loans through the purchase of a LIBOR deposit deposits in the relevant market bearing interest at the rate obtained pursuant applicable to clause (i) of the definition of such LIBOR Rate Loans in an amount equal to the amount of such the LIBOR Rate Loans and having a maturity comparable to the relevant Interest Period; provided, however, that the Lender may fund each of its LIBOR Rate Loans in any manner it sees fit and the foregoing assumptions assumption shall be utilized used only for the purposes calculation of calculating amounts payable under this Section 3.1 and under Section 3.23.

Appears in 1 contract

Samples: Promissory Note (Resource Innovation Office REIT, Inc.)

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