Common use of Funding Procedure Clause in Contracts

Funding Procedure. The Banks may fund any portion of a Loan subject to a Eurodollar Pricing Option out of any funds available to the Banks. Regardless of the source of the funds actually used by any of the Banks to fund any portion of such Loan subject to a Eurodollar Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Loan and the amounts payable under Sections 3.2.4, 3.5, 3.6, 3.7 and 3.8, shall be computed as if each Bank had actually funded such Bank's Percentage Interest in such portion of such Loan through the purchase of deposits in such amount of the type by which the Eurodollar Basic Rate was determined with a maturity the same as the applicable Eurodollar Interest Period relating thereto and through the transfer of such deposits from an office of the Bank having the same location as the applicable Eurodollar Office to one of such Bank's offices in the United States of America.

Appears in 4 contracts

Samples: Credit Agreement (Energy Transfer Partners Lp), Credit Agreement (Energy Transfer Partners Lp), Credit Agreement (Heritage Propane Partners L P)

AutoNDA by SimpleDocs

Funding Procedure. The Banks may fund any portion of a Loan subject to a Eurodollar Pricing Option out of any funds available to the Banks. Regardless of the source of the funds actually used by any of the Banks to fund any portion of such Loan subject to a Eurodollar Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Loan and the amounts payable under Sections 3.2.4, 3.5, 3.6, 3.7 and 3.8, shall be computed as if each Bank had actually funded such Bank's ’s Percentage Interest in such portion of such Loan through the purchase of deposits in such amount of the type by which the Eurodollar Basic Rate was determined with a maturity the same as the applicable Eurodollar Interest Period relating thereto and through the transfer of such deposits from an office of the Bank having the same location as the applicable Eurodollar Office to one of such Bank's ’s offices in the United States of America.

Appears in 1 contract

Samples: Credit Agreement (Energy Transfer Partners, L.P.)

Funding Procedure. The Banks Lenders may fund any portion of a the Loan subject to a Eurodollar Pricing Option out of any funds available to the BanksLenders. Regardless of the source of the funds actually used by any of the Banks Lenders to fund any portion of such the Loan subject to a Eurodollar Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Loan and the amounts payable under Sections 3.2.4, 3.5, 3.6, 3.7 and 3.8, shall be computed as if each Bank Lender had actually funded such Bank's Lender’s Percentage Interest in such portion of such the Loan through the purchase of deposits in such amount of the type by which the Eurodollar Basic Rate was determined with a maturity the same as the applicable Eurodollar Interest Period relating thereto and through the transfer of such deposits from an office of the Bank Lender having the same location as the applicable Eurodollar Office to one of such Bank's Lender’s offices in the United States of America.

Appears in 1 contract

Samples: Credit Agreement (Transmontaigne Inc)

Funding Procedure. The Banks Lenders may fund any portion of a the Loan subject to a Eurodollar Pricing Option out of any funds available to the BanksLenders. Regardless of the source of the funds actually used by any of the Banks Lenders to fund any portion of such the Loan subject to a Eurodollar Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Loan and the amounts payable under Sections 3.2.4, 3.5, 3.6, 3.7 and 3.8, shall be computed as if each Bank Lender had actually funded such BankLender's Percentage Interest in such portion of such the Loan through the purchase of deposits in such amount of the type by which the Eurodollar Basic Rate was determined with a maturity the same as the applicable Eurodollar Interest Period relating thereto and through the transfer of such deposits from an office of the Bank Lender having the same location as the applicable Eurodollar Office to one of such BankLender's offices in the United States of America.

Appears in 1 contract

Samples: Credit Agreement (Ameripath Inc)

AutoNDA by SimpleDocs

Funding Procedure. The Banks Lenders may fund any portion of a the Loan subject to a Eurodollar Eurocurrency Pricing Option out of any funds available to the BanksLenders. Regardless of the source of the funds actually used by any of the Banks Lenders to fund any portion of such the Loan subject to a Eurodollar Eurocurrency Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Loan and the amounts payable under Sections 3.2.4, 3.5, 3.3.4 and 3.6, 3.7 and 3.8, shall be computed as if each Bank Lender had actually funded such BankLender's Percentage Interest in such portion of such the Loan through the purchase of deposits in such amount of the type by which the Eurodollar Eurocurrency Basic Rate was determined with a maturity the same as the applicable Eurodollar Eurocurrency Interest Period relating thereto and through the transfer of such deposits from an office of the Bank Lender having the same location as the applicable Eurodollar Eurocurrency Office to one of such BankLender's offices in the United States of America.

Appears in 1 contract

Samples: Credit Agreement (Marquee Group Inc)

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