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

Discretion of Banks as to Manner of Funding. Notwithstanding any provision contained in this Agreement to the contrary, each Bank shall be entitled to fund and maintain its funding of all or any part of its LIBOR Loans in any manner it elects, it being understood, however, that for purposes of this Agreement all determinations hereunder (including, without limitation, the determination of each Bank’s funding losses and expenses under Section 2.10) shall be made as if such Bank had actually funded and maintained each LIBOR Loan through the purchase of deposits having a maturity corresponding to the maturity of the applicable Interest Period relating to the applicable LIBOR Loan and bearing an interest rate equal to the applicable LIBOR Base Rate.

Appears in 9 contracts

Samples: Loan Agreement (Spire Alabama Inc), Loan Agreement (Laclede Gas Co), Loan Agreement (Laclede Gas Co)

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Discretion of Banks as to Manner of Funding. Notwithstanding any provision contained in of this Agreement to the contrary, each Bank shall be entitled to fund and maintain its funding of all or any part of its LIBOR Loans in any manner it electssees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, without limitation, the determination of each Bank’s funding losses and expenses under Section 2.10) shall be made as if such Bank had actually funded and maintained each LIBOR Loan during each Interest Period for such Loan through the purchase of deposits having a maturity corresponding to the maturity of the applicable such Interest Period relating to the applicable LIBOR Loan and bearing an interest rate equal to the applicable LIBOR Base Ratefor such Interest Period.

Appears in 4 contracts

Samples: Credit Agreement (Energy West Inc), Credit Agreement (Energy West Inc), Credit Agreement (Energy West Inc)

Discretion of Banks as to Manner of Funding. Notwithstanding any provision contained in of this Agreement to the contrary, each Bank shall be entitled to fund and maintain its funding of all or any part of its LIBOR Loans in any manner it electssees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, without limitation, the determination of each Bank’s funding losses and expenses under Section 2.10) shall be made as if such Bank had actually funded and maintained each LIBOR Loan during each Interest Period for such Loan through the purchase of deposits having a maturity corresponding to the maturity of the applicable such Interest Period relating to the applicable LIBOR Loan and bearing an interest rate equal to the applicable LIBOR Base RateRate for such Interest Period.

Appears in 4 contracts

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

Discretion of Banks as to Manner of Funding. Notwithstanding any provision contained in this Agreement to the contrary, each Bank shall be entitled to fund and maintain its funding of all or any part of its LIBOR Loans in any manner it elects, it being understood, however, that for purposes of this Agreement all determinations hereunder (including, without limitation, the determination of each Bank’s funding losses and expenses under Section 2.10) shall be made as if such Bank had actually funded and maintained each LIBOR Loan through the purchase of deposits having a maturity corresponding to the maturity of the applicable Interest Period relating to the applicable LIBOR Loan and bearing an interest rate equal to the applicable LIBOR Base Rate.

Appears in 3 contracts

Samples: Loan Agreement (Spire Missouri Inc), Loan Agreement (Spire Inc), Loan Agreement (Spire Missouri Inc)

Discretion of Banks as to Manner of Funding. Notwithstanding any provision contained in this Agreement to the contrary, each Bank shall be entitled to fund and maintain its funding of all or any part of its LIBOR Loans in any manner it elects, it being understood, however, that for purposes of this Agreement all determinations hereunder (including, without limitation, the determination of each Bank’s 's funding losses and expenses under Section 2.10) shall be made as if such Bank had actually funded and maintained each LIBOR Loan through the purchase of deposits having a maturity corresponding to the maturity of the applicable Interest Period relating to the applicable LIBOR Loan and bearing an interest rate equal to the applicable LIBOR Base Rate.

Appears in 2 contracts

Samples: Loan Agreement (Laclede Gas Co), Loan Agreement (Laclede Gas Co)

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Discretion of Banks as to Manner of Funding. Notwithstanding any provision contained in this Agreement to the contrary, each Each Bank shall be entitled to fund and maintain its funding of all or any part of its LIBOR Loans Advances in any manner it electsmay elect, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including, without limitationbut not limited to, the determination of each Bank’s funding losses and expenses determinations under Section 2.102.27) shall be made as if such Bank had actually funded and maintained each LIBOR Loan Advances during the Interest Period for such Advance through the purchase of deposits having a maturity corresponding to the maturity last day of the applicable Interest Period relating to the applicable LIBOR Loan and bearing an interest rate equal to the applicable LIBOR Base Ratefor such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Marten Transport LTD)

Discretion of Banks as to Manner of Funding. Notwithstanding ------------------------------------------- any provision contained in this Agreement to the contrary, each Bank shall be entitled to fund and maintain its funding of all or any part of its LIBOR Loans in any manner it elects, it being understood, however, that for purposes of this Agreement all determinations hereunder (including, without limitation, the determination of each Bank’s 's funding losses and expenses under Section 2.10) shall be made as if such Bank had actually funded and maintained each LIBOR Loan through the purchase of deposits having a maturity corresponding to the maturity of the applicable Interest Period relating to the applicable LIBOR Loan and bearing an interest rate equal to the applicable LIBOR Base Rate.

Appears in 1 contract

Samples: Loan Agreement (Laclede Group Inc)

Discretion of Banks as to Manner of Funding. Notwithstanding any provision contained in this Agreement to the contrary, each Bank shall be entitled to fund and maintain its funding of all or any part of its LIBOR Loans in any manner it elects, it being understood, however, that for purposes of this Agreement all determinations hereunder (including, without limitation, the determination of each Bank’s 's funding losses and expenses under Section 2.102.12) shall be made as if such Bank had actually funded and maintained each LIBOR Loan through the purchase of deposits in Dollars having a maturity corresponding to the maturity of the applicable Interest Period relating to the applicable LIBOR Loan and bearing an interest rate equal to the applicable LIBOR Base Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cpi Corp)

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