Funding Assumptions. Solely for purposes of calculating amounts payable by the Borrower to the Banks under this Article V, each Eurodollar Rate Loan made by a Bank (and any related reserve, special deposit or similar requirement) shall be conclusively deemed to have been funded at the Interbank Rate used in determining the Eurodollar Rate for such Eurodollar Rate Loan by a matching deposit or other borrowing in the interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan is in fact so funded.
Appears in 4 contracts
Samples: 364 Day Credit Agreement (Cadence Design Systems Inc), Credit Agreement (Lsi Logic Corp), Credit Agreement (Cadence Design Systems Inc)
Funding Assumptions. Solely for purposes of calculating amounts payable by the Borrower to the Banks Lenders under this Article VVI, each Eurodollar Rate Loan made by a Bank Lender (and any related reserve, special deposit or similar requirement) shall be conclusively deemed to have been funded at the Interbank Rate used in determining the Eurodollar Rate for such Eurodollar Rate Loan by a matching deposit or other borrowing in the interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan is in fact so funded.
Appears in 1 contract
Funding Assumptions. Solely for purposes of calculating amounts payable by the Borrower to the Banks Bank under this Article V, each Eurodollar Rate Loan made by a the Bank (and any related reserve, special deposit or similar requirement) shall be conclusively deemed to have been funded at the Interbank Rate used in determining the Eurodollar Rate for such Eurodollar Rate Loan by a matching deposit or other borrowing in the interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan is in fact so funded.a
Appears in 1 contract
Samples: Credit Agreement (Ceridian Corp)
Funding Assumptions. Solely for purposes of calculating amounts payable by the Borrower to the Banks Bank under this Article V, each Eurodollar Rate Loan made by a the Bank (and any related reserve, special deposit or similar requirement) shall be conclusively deemed to have been funded at the Interbank Rate used in determining the Eurodollar Rate for such Eurodollar Rate Loan by a matching deposit or other borrowing in the interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan is in fact so funded.
Appears in 1 contract
