Common use of Manner of Funding; Alternate Funding Offices Clause in Contracts

Manner of Funding; Alternate Funding Offices. Each Lender shall be entitled to fund and maintain its funding of all or any part of its Loans in a manner determined by it, in its sole discretion. Each Lender may, if it so elects, fulfill its commitment to make any LIBOR Loan by causing any branch or Affiliate of such Lender to make such Loan; provided that in such event for the purposes of this Agreement such Loan shall be deemed to have been made by such Lender and the obligation of Borrower to repay such Loan shall nevertheless be to such Lender and shall be deemed held by it, to the extent of such Loan, for the account of such branch or Affiliate.

Appears in 2 contracts

Samples: Credit Agreement (American Coin Merchandising Inc), Assignment Agreement (American Coin Merchandising Inc)

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Manner of Funding; Alternate Funding Offices. Each Notwithstanding any provision of this Agreement to the contrary, each Lender shall be entitled to fund and maintain its funding of all or any part of its Loans in a any manner determined by it, in as it may determine at its sole discretion. Each Lender may, if it so elects, fulfill its commitment to make any LIBOR Loan by causing any branch or Affiliate of such Lender to make such Loan; provided that in such event for the purposes of this Agreement such Loan shall be deemed to have been made by such Lender and the obligation of Borrower to repay such Loan shall nevertheless be to such Lender and shall be deemed held by it, to the extent of such Loan, for the account of such branch or Affiliate.

Appears in 1 contract

Samples: Credit Agreement (Dwyer Group Inc)

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Manner of Funding; Alternate Funding Offices. Each β€Œ Notwithstanding any provision of this Agreement to the contrary, each Lender shall be entitled to fund and maintain its funding of all or any part of its Loans in a any manner determined by it, in it may determine at its sole discretion. Each Lender mayshall, if it so elects, fulfill its commitment to make any LIBOR XXXXX Loan by causing any branch or Affiliate of such Lender to make such Loan; provided that in such event for the purposes of this Agreement such Loan shall be deemed to have been made by such Lender and the obligation of Borrower the Borrowers to repay such Loan shall nevertheless be to such Lender and shall be deemed held by it, to the extent of such Loan, for the account of such branch or Affiliate.

Appears in 1 contract

Samples: Credit Agreement

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