No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither Agent, nor any Lender, nor any participant is required actually to acquire eurodollar deposits to fund or otherwise match fund any Advances 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 Advances 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 Advances.
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Samples: Loan and Security Agreement (Guitar Center Inc), Loan and Security Agreement (Guitar Center Inc), Loan Agreement (Philip Services Corp/De)
No Requirement of Matched Funding. Anything to the contrary ------------------------------------- contained herein notwithstanding, neither Agent, nor any Lender, nor any participant of their Participants, is required actually to acquire eurodollar deposits to fund or otherwise match fund any Advances Obligation as to which interest accrues at the LIBOR Rate. The provisions of this Section shall apply as if each Lender or its participants Participants had match funded any Advances 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 AdvancesLoans.
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No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither Agent, nor any Lender, Lender nor any participant is required actually to acquire eurodollar deposits to fund or otherwise match fund any Advances 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 Advances 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 Advances.
Appears in 1 contract
Samples: Loan and Security Agreement (Majestic Star Casino LLC)
No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, neither none of Agent, nor any Lenderthe Lender Group, nor or any participant thereof is required actually to acquire eurodollar deposits to fund or otherwise match fund any 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 Group, and the participants thereof had match funded any Advances 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 Advances.
Appears in 1 contract
Samples: Loan and Security Agreement (Star Telecommunications Inc)