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

Discretion of Bank as to Manner of Funding. 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 determinations under Section 2.20), shall be made as if the Bank had actually funded and maintained each Eurodollar Rate 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 3 contracts

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

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Discretion of Bank as to Manner of Funding. The 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 including, but not limited to, determinations under Section 2.20), 2.26) shall be made as if the such Bank had actually funded and maintained each Eurodollar Rate Advance Advances 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 (Life Time Fitness Inc), Credit Agreement (Life Time Fitness Inc), Credit Agreement (Life Time Fitness Inc)

Discretion of Bank as to Manner of Funding. 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 including, but not limited to, determinations under Section 2.20), 2.15) shall be made as if the Bank had actually funded and maintained each Eurodollar Rate Advance Advances 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 1 contract

Samples: Loan Agreement (Piper Jaffray Companies Inc)

Discretion of Bank as to Manner of Funding. 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 including, but not limited to, determinations under Section 2.20), 2.18) shall be made as if the Bank had actually funded and maintained each Eurodollar Rate Advance Advances 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 1 contract

Samples: Credit Agreement (RTW Inc /Mn/)

Discretion of Bank as to Manner of Funding. 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 including, but not limited to, determinations under Section 2.20), 2.17) shall be made as if the Bank had actually funded and maintained each Fixed Eurodollar Rate Advance Advances 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 1 contract

Samples: Credit Agreement (Piper Jaffray Companies Inc)

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Discretion of Bank as to Manner of Funding. 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 including, but not limited to, determinations under Section 2.20), 2.19) shall be made as if the Bank had actually funded and maintained each Eurodollar Rate 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 1 contract

Samples: Credit Agreement (California Community Bancshares Inc)

Discretion of Bank as to Manner of Funding. The 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 determinations under Section 2.20), shall be made as if the Bank had actually funded and maintained each Eurodollar Rate Advance Loan during the each Interest Period for such Advance Revolving Loan through the purchase of deposits, 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)

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