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

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Discretion of Bank as to Manner of Funding. Notwithstanding any provision of this Agreement to the contrary, the each Bank shall be entitled to fund and maintain its funding of all or any part of its Eurodollar Fundings Loans in any manner it deems sees 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 Bank Banks had actually funded and maintained each Eurodollar Funding Loan during each Interest Period for such Eurodollar Funding 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 appropriate Adjusted Eurodollar Rate for such Interest Period.

Appears in 2 contracts

Samples: Secured Credit Agreement (Maverick Tube Corporation), Secured Credit Agreement (Maverick Tube Corporation)

AutoNDA by SimpleDocs

Discretion of Bank as to Manner of Funding. Notwithstanding any provision of this Agreement to the contrary, the Bank shall be entitled to fund and maintain its funding of all or any part of its Eurodollar Fundings Advances in any manner it deems fit, it being understood, however, that for the purposes of this Agreement (specifically including, without limitation, Section 2.18 2.21 hereof) all determinations hereunder shall be made as if the Bank had actually funded and maintained each Eurodollar Funding Advance during each Interest Period for such Eurodollar Funding Advance through the purchase of deposits having a maturity corresponding to such Interest Period and bearing an interest rate equal to the appropriate Eurodollar Rate for such Interest Loan Period.

Appears in 1 contract

Samples: Credit Agreement (Factual Data Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!