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

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

Appears in 2 contracts

Samples: Term Loan Agreement (Federal Realty OP LP), Credit Agreement (LGI Homes, Inc.)

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

Appears in 2 contracts

Samples: First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), Second Lien Credit Agreement (Pennsylvania Real Estate Investment Trust)

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

Appears in 1 contract

Samples: Credit Agreement (HC Government Realty Trust, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (National Retail Properties, Inc.)

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