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

Discretion of Bank as to Manner of Funding. Each Bank shall be entitled to fund and maintain its funding of Eurodollar Rate Advances in any manner it may elect, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, but not limited to, determinations under Section 2.26) shall be made as if such Bank had actually funded and maintained each Eurodollar Rate Advances during the Interest Period for such Advance through the purchase of deposits having a maturity corresponding to the last day of the Interest Period and bearing an interest rate equal to the Eurodollar Rate for such Interest Period.

Appears in 3 contracts

Samples: Credit Agreement (Life Time Fitness Inc), Credit Agreement (Life Time Fitness Inc), Credit Agreement (Life Time Fitness Inc)

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Discretion of Bank as to Manner of Funding. Each The Bank shall be entitled to fund and maintain its funding of Eurodollar Rate Advances in any manner it may elect, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, but not limited to, including determinations under Section 2.26) 2.20), shall be made as if such the Bank had actually funded and maintained each Eurodollar Rate Advances Advance during the Interest Period for such Advance through the purchase of deposits deposits, having a maturity corresponding to the last day of the Interest Period and bearing an interest rate equal to the Eurodollar Rate for such Interest Period.

Appears in 3 contracts

Samples: Credit Agreement (Piper Jaffray Companies Inc), Credit Agreement (Piper Jaffray Companies Inc), Credit Agreement (Piper Jaffray Companies Inc)

Discretion of Bank as to Manner of Funding. Each Notwithstanding any provision of this Agreement to the contrary, each Bank shall be entitled to fund and maintain its funding of Eurodollar Rate Advances all or any part of its Loans in any manner it may electsees fit, it being understood, understood however, that for the purposes of this Agreement all determinations hereunder (including, but not limited to, determinations under Section 2.26) shall be made as if such Bank the Banks had actually funded and maintained each Eurodollar Fixed Rate Advances Loan during the each Interest Period for such Advance Loan through the purchase of deposits in the relevant interbank market having a maturity corresponding to the last day of the such Interest Period and bearing an interest rate equal to 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. Each The Bank shall be entitled to fund and maintain its funding of Eurodollar Rate Advances in any manner it may elect, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, but not limited to, determinations under Section 2.262.19) shall be made as if such the Bank had actually funded and maintained each Eurodollar Rate Advances Advance during the Interest Period for such Advance through the purchase of deposits having a maturity corresponding to the last day of the Interest Period and bearing an interest rate equal to the Eurodollar Rate for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (California Community Bancshares Inc)

Discretion of Bank as to Manner of Funding. Each Notwithstanding any ------------------------------------------ provision of this Agreement to the contrary, the Bank shall be entitled to fund and maintain its funding of Eurodollar Rate Advances all or any part of its Loans in any manner it may electsees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, but not limited to, determinations under Section 2.26) shall be made as if such the Bank had actually funded and maintained each Eurodollar Rate Advances Loan during the each Interest Period for such Advance Loan through the purchase of deposits having a maturity corresponding to the last day of the such Interest Period and bearing an interest rate equal to 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. Each The Bank shall be entitled to fund and maintain its funding of Eurodollar Rate Advances in any manner it may elect, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, but not limited to, determinations under Section 2.262.17) shall be made as if such the Bank had actually funded and maintained each Fixed Eurodollar Rate Advances during the Interest Period for such Advance through the purchase of deposits having a maturity corresponding to the last day of the Interest Period and bearing an interest rate equal to the Eurodollar Rate for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Piper Jaffray Companies Inc)

Discretion of Bank as to Manner of Funding. Each The Bank shall be entitled to fund and maintain its funding of Eurodollar Rate Advances in any manner it may elect, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, but not limited to, determinations under Section 2.262.18) shall be made as if such the Bank had actually funded and maintained each Eurodollar Rate Advances during the Interest Period for such Advance through the purchase of deposits having a maturity corresponding to the last day of the Interest Period and bearing an interest rate equal to the Eurodollar Rate for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (RTW Inc /Mn/)

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Discretion of Bank as to Manner of Funding. Each Notwithstanding any ------------------------------------------ provisions of this Agreement to the contrary, each Bank shall be entitled to fund and maintain its funding of Eurodollar Rate Advances all or any part of its Loan in any manner it may electsees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, but not limited to, determinations under Section 2.26) shall be made as if such each Bank had actually funded and maintained each Eurodollar Rate Advances during the Interest Period for such Advance Loan through the purchase of deposits having a maturity corresponding to the last day of the Eurodollar Interest Period applicable to such Eurodollar Loan and bearing an interest rate equal to the Eurodollar Rate applicable interest rate for such Interest Eurodollar Period.

Appears in 1 contract

Samples: Credit Agreement (Wiser Oil Co)

Discretion of Bank as to Manner of Funding. Each Notwithstanding any provision of this Agreement to the contrary, the Bank shall be entitled to fund and maintain its funding of Eurodollar Rate Advances all or any part of the Revolving Loans in any manner it may electsees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, but not limited to, determinations under Section 2.26) shall be made as if such the Bank had actually funded and maintained each Eurodollar Rate Advances Loan during the each Interest Period for such Advance Revolving Loan through the purchase of deposits having a maturity corresponding to the last day of the such Interest Period and bearing an interest rate equal to the Eurodollar Rate for such Interest Period.

Appears in 1 contract

Samples: Secured Revolving Loan Agreement (Riverside Partners Et Al)

Discretion of Bank as to Manner of Funding. Each The Bank shall be entitled to fund and maintain its funding of Eurodollar Rate Advances in any manner it may elect, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, but not limited to, determinations under Section 2.262.15) shall be made as if such the Bank had actually funded and maintained each Eurodollar Rate Advances during the Interest Period for such Advance through the purchase of deposits having a maturity corresponding to the last day of the Interest Period and bearing an interest rate equal to the Eurodollar Rate for such Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Piper Jaffray Companies Inc)

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