Common use of Discretion of Bank as to Manner of Funding Clause in Contracts

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 15 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Federal Signal Corp /De/)

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Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Eurocurrency Loan through the purchase of deposits of U.S. Dollars in the eurodollar eurocurrency interbank market having a maturity corresponding to such Loan’s 's Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 8 contracts

Samples: Credit Agreement (NRG Energy Inc), Credit Agreement (Jones Lang Lasalle Inc), Credit Agreement (NRG Energy Inc)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder with respect to Eurodollar Loans shall be made as if each Bank had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the interbank eurodollar interbank market having a maturity corresponding to such Loan’s 's Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 7 contracts

Samples: Credit Agreement (Diamond Home Services Inc), Credit Agreement (Sycamore Park Convalescent Hospital), Credit Agreement (Vision Twenty One Inc)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, ; it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 6 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s 's Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 6 contracts

Samples: Day Credit Agreement (Black Hills Corp /Sd/), Day Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR the LIBO Rate for such Interest Period.

Appears in 5 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/), Term Loan Credit Agreement (Black Hills Corp /Sd/)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Eurocurrency Loan through the purchase of deposits in the eurodollar eurocurrency interbank market having a maturity corresponding to such Loan’s 's Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 3 contracts

Samples: Credit Agreement (Maytag Corp), Maytag Corp, Maytag Corp

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the interbank eurodollar interbank market having a maturity corresponding to such Loan’s 's Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Information Resources Inc), Information Resources Inc

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this AgreementAgreement to the contrary, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, understood however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank the Banks had actually funded and maintained each Eurodollar Fixed Rate Loan during each Interest Period for such Loan through the purchase of deposits in the eurodollar relevant interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR the Adjusted Eurodollar Rate for such Interest Period.

Appears in 2 contracts

Samples: Secured Credit Agreement (Pilgrims Pride Corp), Secured Credit Agreement (Pilgrims Pride Corp)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 2 contracts

Samples: Revolving Credit Agreement (World Acceptance Corp), Revolving Credit Agreement (World Acceptance Corp)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its the Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder with respect to LIBOR Rate Loans shall be made as if each Bank had actually funded and maintained each Eurodollar LIBOR Rate Loan through the purchase of deposits in the interbank eurodollar interbank market having a maturity corresponding to such Loan’s 's Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Lazare Kaplan International Inc), Revolving Credit Agreement (Lazare Kaplan International Inc)

Discretion of Bank as to Manner of Funding. Notwithstanding any other ------------------------------------------ provision of this AgreementAgreement to the contrary, each the Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each the Bank had actually funded and maintained each Eurodollar Loan during each Interest Period for such Loan through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR the Eurodollar Rate for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (World Fuel Services Corp)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this AgreementAgreement to the contrary, each the Bank shall be entitled to fund and maintain its funding of all or any part of its Loans the Advance in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each the Bank had actually funded and maintained the Advance during each Eurodollar Loan Interest Period through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR the Eurorate for such Interest Period.

Appears in 1 contract

Samples: Term Loan Agreement (Pentair Inc)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Eurocurrency Loan through the purchase of deposits of U.S. Dollars in the eurodollar eurocurrency interbank market having a maturity corresponding to such Loan’s 's Interest Period and bearing an interest rate equal to Adjusted LIBOR for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Gallagher Arthur J & Co)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Loan through the purchase of deposits of U.S. Dollars in the London eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Transport Corporation of America Inc)

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Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this AgreementAgreement to the contrary, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar IBOR Loan during each Interest Period for such Loan through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR the IBOR Rate for such Interest Period.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Universal Electronics Inc)

Discretion of Bank as to Manner of Funding. (a) Notwithstanding any other provision of this AgreementAgreement to the contrary, each the Bank shall be entitled to fund and maintain its funding of all or any part of its Loans the Loan in any manner it sees fit, ; it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each the Bank had actually funded and maintained the Loan during each Eurodollar Loan Interest Period through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s Eurodollar Interest Period and bearing an interest rate equal to LIBOR for such Interest Periodat the Eurodollar Rate.

Appears in 1 contract

Samples: Term Loan Agreement (Montgomery Ward Holding Corp)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder with respect to LIBOR Rate Loans shall be made as if each Bank had actually funded and maintained each Eurodollar LIBOR Rate Loan through the purchase of deposits in the interbank eurodollar interbank market having a maturity corresponding to such Loan’s 's Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lazare Kaplan International Inc)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder with respect to LIBOR Rate Loans shall be made as if each Bank had actually funded and maintained each Eurodollar LIBOR Rate Loan through the purchase of deposits in the interbank eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.

Appears in 1 contract

Samples: Line of Credit Agreement (Lazare Kaplan International Inc)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s 's Interest Period and bearing an interest rate equal to the LIBOR for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Allen Group Inc)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this AgreementAgreement to the contrary, each the Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each the Bank had actually funded and maintained each Eurodollar Offshore Rate Loan during each Interest Period for such Loan through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR the Offshore Rate for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Hub International LTD)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder under this Agreement shall be made as if each Bank had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the eurodollar interbank relevant market having a maturity corresponding to such Loan’s 's Interest Period and bearing an interest rate equal to the LIBOR Rate for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Phoenix Companies Inc/De)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this AgreementAgreement to the contrary, each the Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each the Bank had actually funded and maintained each Eurodollar Loan during each Interest Period for such Loan through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR the Eurodollar Rate for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Navteq Corp)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Bank shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Bank had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the eurodollar interbank market having a maturity corresponding to such Loan’s Interest Period and bearing an interest rate equal to LIBOR for such Interest Period.the

Appears in 1 contract

Samples: Allen Group Inc

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