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

Discretion of Bank as to Manner of Funding. Notwithstanding any provision of this Agreement 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 (including determinations for the purposes of Section 9.4) shall be made as if the Banks had actually funded and maintained each Eurodollar Loan during each Interest Period for such Loan through the purchase of deposits in the relevant interbank market having a maturity corresponding to such Interest Period and bearing an interest rate equal to the Adjusted Eurodollar Rate for such Interest Period.

Appears in 2 contracts

Samples: Maverick Tube Corporation, Maverick Tube Corporation

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Discretion of Bank as to Manner of Funding. Notwithstanding any provision of this Agreement to the contrary, each the Bank shall be entitled to fund and maintain its funding of all or any part of its Loans Eurodollar Fundings in any manner it sees deems fit, it being understood understood, however, that for the purposes of this Agreement (specifically including, without limitation, Section 2.18 hereof) all determinations hereunder (including determinations for the purposes of Section 9.4) shall be made as if the Banks Bank had actually funded and maintained each Eurodollar Loan Funding during each Interest Period for such Loan Eurodollar Funding through the purchase of deposits in the relevant interbank market having a maturity corresponding to such Interest Period and bearing an interest rate equal to the Adjusted appropriate Eurodollar Rate for such Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (FCA Acquisition Corp.), Credit Agreement (FreightCar America, Inc.)

Discretion of Bank as to Manner of Funding. Notwithstanding any provision of this Agreement to the contrary, each the Bank shall be entitled to fund and maintain its funding of all or any part of its Loans Eurodollar Advances in any manner it sees deems fit, it being understood understood, however, that for the purposes of this Agreement (specifically including, without limitation, Section 2.19 hereof) all determinations hereunder (including determinations for the purposes of Section 9.4) shall be made as if the Banks Bank had actually funded and maintained each Eurodollar Loan Advance during each Interest Period for such Loan Eurodollar Advance through the purchase of deposits in the relevant interbank market having a maturity corresponding to such Interest Period and bearing an interest rate equal to the Adjusted appropriate Eurodollar Rate for such Interest Loan Period.

Appears in 1 contract

Samples: Revolving Credit Agreement (Iti Technologies Inc)

Discretion of Bank as to Manner of Funding. Notwithstanding any other provision of this Agreement to the contraryAgreement, 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 (including determinations for the purposes of Section 9.4) with respect to Eurodollar Loans shall be made as if the Banks Bank had actually funded and maintained each Eurodollar Loan during each Interest Period for such Loan through the purchase of deposits in the relevant interbank eurodollar market having a maturity corresponding to such Loan’s Interest Period and Period, and, in the case of any Eurodollar Loan, bearing an interest rate equal to the Adjusted Eurodollar Rate EURIBO for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Twin Disc Inc)

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Discretion of Bank as to Manner of Funding. Notwithstanding any provision of this Agreement to the contrary, each the Bank shall be entitled to fund and maintain its funding of all or any part of its Loans Eurodollar Advances in any manner it sees deems fit, it being understood understood, however, that for the purposes of this Agreement (specifically including, without limitation, Section 2.21 hereof) all determinations hereunder (including determinations for the purposes of Section 9.4) shall be made as if the Banks Bank had actually funded and maintained each Eurodollar Loan Advance during each Interest Period for such Loan Eurodollar Advance through the purchase of deposits in the relevant interbank market having a maturity corresponding to such Interest Period and bearing an interest rate equal to the Adjusted appropriate Eurodollar Rate for such Interest Loan Period.

Appears in 1 contract

Samples: Credit Agreement (Factual Data Corp)

Discretion of Bank as to Manner of Funding. Notwithstanding any provision of this Agreement to the contrary, each the Bank shall be entitled to fund and maintain its funding of all or any part of its Loans Eurodollar Rate Fundings in any manner it sees deems fit, it being understood understood, however, that for the purposes of this Agreement (specifically including, without limitation, Section 2.12 hereof) all determinations hereunder (including determinations for the purposes of Section 9.4) shall be made as if the Banks Bank had actually funded and maintained each Eurodollar Loan Rate Funding during each Interest Period for such Loan Eurodollar Rate Funding through the purchase of deposits in the relevant interbank market having a maturity corresponding to such Interest Period and bearing an interest rate equal to the Adjusted appropriate Eurodollar Base Rate for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Young America Holdings Inc)

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