No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither Administrative Agent, nor any Lender, nor any of their Participants, is required actually to acquire Eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. The provisions of this Section shall apply as if each Lender or its Participants had match funded any Obligation as to which interest is accruing at the LIBOR Rate by acquiring Eurodollar deposits for each Interest Period in the amount of the LIBOR Rate Loans.
Appears in 2 contracts
Samples: Loan Agreement (Ram Energy Resources Inc), Loan Agreement (Ram Energy Resources Inc)
No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither Administrative Agent, nor any Lender, nor any of their Participants, is required actually to acquire Eurodollar eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. The provisions of this Section shall apply as if each Lender or its Participants had match funded any Obligation as to which interest is accruing at the LIBOR Rate by acquiring Eurodollar eurodollar deposits for each Interest Period in the amount of the LIBOR Rate Loans.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Ascendia Brands, Inc.), Credit Agreement (Transtechnology Corp)
No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither Administrative Agent, nor any Lender, nor any of their its Participants, is required actually to acquire Eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. The provisions of this Section shall apply as if each Lender or its Participants had match funded any Obligation as to which interest is accruing at the LIBOR Rate by acquiring Eurodollar deposits for each Interest Period in the amount of the LIBOR Rate Loans.
Appears in 1 contract
No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither Administrative none of Agent, nor the Lender Group, or any Lender, nor any of their Participants, participant thereof is required actually to acquire Eurodollar eurodollar deposits to fund or otherwise match fund any Obligation Advances as to which interest accrues at the LIBOR Rate. The provisions of this Section shall apply as if each Agent, the Lender or its Participants Group, and the participants thereof had match funded any Obligation Advances as to which interest is accruing at the LIBOR Rate by acquiring Eurodollar eurodollar deposits for each Interest Period in the amount of the LIBOR Rate LoansAdvances.
Appears in 1 contract
Samples: Loan and Security Agreement (Star Telecommunications Inc)
No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither Administrative Agent, Canadian Agent, nor any Lender, nor any of their Participants, is required actually to acquire Eurodollar eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. The provisions of this Section shall apply as if each Lender or its Participants had match funded any Obligation as to which interest is accruing at the LIBOR Rate by acquiring Eurodollar eurodollar deposits for each Interest Period in the amount of the LIBOR Rate Loans.
Appears in 1 contract
No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither Administrative Agent, nor any Lender, nor any of their Participants, is required actually to acquire Eurodollar eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. The provisions of this Section section shall apply as if each Lender or its Participants had match funded any Obligation as to which interest is accruing at the LIBOR Rate by acquiring Eurodollar eurodollar deposits for each Interest Period in the amount of the LIBOR Rate Loans.
Appears in 1 contract
Samples: Loan and Security Agreement (Ultimate Electronics Inc)
No Requirement of Matched Funding. Anything to the contrary ------------------------------------- contained herein notwithstanding, neither Administrative Agent, nor any Lender, nor any of their Participants, is required actually to acquire Eurodollar eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. The provisions of this Section shall apply as if each Lender or its Participants had match funded any Obligation as to which interest is accruing at the LIBOR Rate by acquiring Eurodollar eurodollar deposits for each Interest Period in the amount of the LIBOR Rate Loans.
Appears in 1 contract
