Common use of Interbank Market Presumption Clause in Contracts

Interbank Market Presumption. For all purposes of this Agreement with respect to any aspects of the Euro-Rate, any Loan under the Euro-Rate Option or any Optional Currency, each Lender and Agent shall be presumed to have obtained rates, funding, currencies, deposits, and the like in the applicable interbank market regardless whether it did so or not; and, each Lender's and Agent's determination of amounts payable under, and actions required or authorized by, Sections 3.4 and 4.6 shall be calculated, at each Lender's and Agent's option, as though each Lender and Agent funded its Ratable Share of each Borrowing Tranche of Loans under the Euro-Rate Option through the purchase of deposits of the types and maturities corresponding to the deposits used as a reference in accordance with the terms hereof in determining the Euro-Rate applicable to such Loans, whether in fact that is the case.

Appears in 2 contracts

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

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Interbank Market Presumption. For all purposes of this Agreement and each Note with respect to any aspects of the Euro-Rate, any Loan under the Euro-Rate Option or any Optional Currency, each Lender Bank and the Agent shall be presumed to have obtained rates, funding, currencies, deposits, and the like in the applicable interbank market regardless whether it did so or not; and, each LenderBank's and the Agent's determination of amounts payable under, and actions required or authorized by, Sections 3.4 4.4 and 4.6 5.6 and shall be calculated, at each LenderBank's and the Agent's option, as though each Lender Bank and Agent funded its Ratable Share of each Borrowing Tranche of Loans under the Euro-Rate Option through the purchase of deposits of the types and maturities corresponding to the deposits used as a reference in accordance with the terms hereof in determining the Euro-Rate applicable to such Loans, whether in fact that is the case.

Appears in 1 contract

Samples: Loan Documents (Tb Woods Corp)

Interbank Market Presumption. For all purposes of this Agreement and each Note with respect to any aspects of the Euro-Rate, any Loan under the Euro-Rate Option or any Optional CurrencyCurrency Loan, each Lender Bank and the Agent shall be presumed to have obtained rates, funding, currencies, deposits, and the like in the applicable interbank market regardless whether it did so or not; and, each Lender's Bank’s and the Agent's ’s determination of amounts payable under, and actions required or authorized by, Sections 3.4 and 4.6 by this Agreement shall be calculated, at each Lender's Bank’s and the Agent's ’s option, as though each Lender Bank and the Agent funded its Ratable Share of each Borrowing Tranche Segment of Loans under the Euro-Rate Option through the purchase of deposits of the types and maturities corresponding to the deposits used as a reference in accordance with the terms hereof in determining the Euro-Rate applicable to such Loans, whether in fact that is the case.

Appears in 1 contract

Samples: Credit Agreement (Cooper Tire & Rubber Co)

Interbank Market Presumption. For all purposes of this ---------------------------- Agreement and each Note with respect to any aspects of the Euro-Rate, any Loan under the Euro-Rate Option or any Optional Currency, each Lender and the Agent shall be presumed to have obtained rates, funding, currencies, deposits, and the like in the applicable interbank market regardless whether it did so or not; and, each Lender's and the Agent's determination of amounts payable under, and actions required or authorized by, Sections 3.4 and 4.6 by this Agreement shall be calculated, at each Lender's and the Agent's option, as though each Lender and the Agent funded its Ratable Share of each Borrowing Tranche Portion of Loans under the Euro-Rate Option through the purchase of deposits of the types and maturities corresponding to the deposits used as a reference in accordance with the terms hereof in determining the Euro-Rate applicable to such Loans, whether in fact that is the case.

Appears in 1 contract

Samples: Credit Agreement (Mastech Corp)

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Interbank Market Presumption. For all purposes of this Agreement and each Note with respect to any aspects of the Euro-Rate, any Loan under the Revolving Credit Euro-Rate Option or any Optional CurrencyOption, each Lender Bank and Agent shall be presumed to have obtained rates, funding, currencies, deposits, and the like in the applicable interbank market regardless whether it did so or not; and, each LenderBank's and Agent's determination of amounts payable under, and actions required or authorized by, Sections 3.4 and 4.6 shall be calculated, at each LenderBank's and Agent's option, as though each Lender Bank and Agent funded its Ratable Share share of each Borrowing Tranche of Loans under the Revolving Credit Euro-Rate Option through the purchase of deposits of the types and maturities corresponding to the deposits used as a reference in accordance with the terms hereof in determining the Euro-Rate applicable to such Loans, whether in fact that is the case.

Appears in 1 contract

Samples: Credit Agreement (Cuno Inc)

Interbank Market Presumption. For Except as otherwise expressly provided herein, for all purposes of this Agreement and each Note with respect to any aspects of the Euro-Rate, Rate or any Loan under the Euro-Rate Option or any Optional CurrencyOption, each Lender and the Agent shall be presumed to have obtained rates, funding, currencies, deposits, and the like in the applicable London interbank market regardless whether it did so or not; and, each Lender's ’s and the Agent's ’s determination of amounts payable under, and actions required or authorized by, by Sections 3.4 4.4 and 4.6 shall be calculated5.6, at each Lender's ’s and Agent's ’s option, as though each Lender and Agent funded its Ratable Share pro rata share of each Borrowing Tranche of Loans under the Euro-Rate Option through the purchase of deposits of the types and maturities corresponding to the deposits used as a reference in accordance with the terms hereof in determining the Euro-Rate applicable to such Loans, whether in fact that is the case.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

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