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

Discretion of the 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 Eurodollar Loans in any manner it sees fit; it being understood, however, that for purposes of this Agreement, all determinations hereunder shall be made as if such Bank had actually funded and maintained each Eurodollar Loan during the Interest Period for such Loan through the purchase of deposits having a term corresponding to such Interest Period and bearing an interest rate equal to LIBOR for such Interest Period (whether or not such Bank shall have granted any participations in such Eurodollar Loan). The Funds and Portfolios acknowledge that the Banks may fund all or any part of the Loans by sales of participations to various participants; provided such participants are Eligible Lenders.

Discretion of the 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 an part of its Eurodollar Loans in any manner it sees fit; it being understood, however, that for purposes of this Agreement, all determinations hereunder shall be made as if such Bank had actually funded and maintained each Eurodollar Loan during the Interest Period for such Loan through the purchase of deposits having a term corresponding to such Interest Period and bearing an interest rate equal to LIBOR the Interbank Rate for such Interest Period (whether or not such Bank shall have granted any participations in such Eurodollar Loan). The Funds and Portfolios acknowledge that the Banks may fund all or any part of the Loans by sales of participations to various participants; provided , PROVIDED such participants are Eligible Lenders.

Discretion of the 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 Eurodollar Loans in any manner it sees fit; it being understood, however, that for purposes of this Agreement, all determinations hereunder shall be made as if such Bank had actually funded and maintained each Eurodollar Loan during the Interest Period for such Loan through the purchase of deposits having a term corresponding to such Interest Period and bearing an interest rate equal to LIBOR the Interbank Rate for such Interest Period (whether or not such Bank shall have granted any participations in such Eurodollar Loan). The Funds and Portfolios acknowledge that the Banks may fund all or any part of the Loans by sales of participations to various participants; , provided such participants are Eligible Lendersbanks.