Common use of No Requirement to Actually Obtain Funds Clause in Contracts

No Requirement to Actually Obtain Funds. Notwithstanding the fact that the Interest Rate pursuant to the Loan may be calculated based upon Bank’s cost of funds, Borrower agrees that Bank shall not be required actually to obtain funds from such source at any time.

Appears in 5 contracts

Samples: Credit Agreement (CNL Healthcare Properties II, Inc.), Credit Agreement (CNL Healthcare Properties, Inc.), Credit Agreement (CNL Healthcare Properties, Inc.)

AutoNDA by SimpleDocs

No Requirement to Actually Obtain Funds. Notwithstanding the fact that the Interest Rate pursuant to the Loan Loans may be calculated based upon Bank’s 's cost of funds, Borrower agrees that Bank shall not be required actually to obtain funds from such source at any time.

Appears in 3 contracts

Samples: Credit Agreement (CNL Healthcare Properties, Inc.), Credit Agreement (Forward Air Corp), Credit Agreement (Cole Credit Property Trust II Inc)

No Requirement to Actually Obtain Funds. Notwithstanding the fact that the Interest Rate pursuant to the any Loan may be calculated based upon Bank’s cost of funds, each Borrower agrees that Bank shall not be required actually to obtain funds from such source at any time.

Appears in 3 contracts

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

No Requirement to Actually Obtain Funds. Notwithstanding the fact that the Interest Rate interest rate pursuant to the Loan may be calculated based upon Bank’s 's cost of funds, Borrower agrees that Bank shall not be required actually to obtain funds from such source at any time.

Appears in 2 contracts

Samples: Credit Agreement (American Realty Capital Healthcare Trust Inc), Credit Agreement (Astec Industries Inc)

No Requirement to Actually Obtain Funds. Notwithstanding the fact that the Interest Rate pursuant to the Loan Loans may be calculated based upon BankLender’s cost of funds, Borrower agrees Borrowers agree that Bank Lender shall not be required actually to obtain funds from such source at any time.

Appears in 2 contracts

Samples: Credit Agreement (Pemco Aviation Group Inc), Credit Agreement (KMG Chemicals Inc)

No Requirement to Actually Obtain Funds. Notwithstanding the fact that the Interest Rate pursuant to the Loan may be calculated based upon Bank’s 's cost of funds, Borrower agrees that Bank shall not be required actually to obtain funds from such source at any time.

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

No Requirement to Actually Obtain Funds. Notwithstanding the fact that the Interest Rate interest rate pursuant to the Loan Loans may be calculated based upon Bank’s cost of funds, Borrower agrees that Bank shall not be required actually to obtain funds from such source at any time.

Appears in 1 contract

Samples: Credit Agreement (CNL Growth Properties, Inc.)

AutoNDA by SimpleDocs

No Requirement to Actually Obtain Funds. Notwithstanding the fact that the Interest Rate pursuant to the Loan Loans may be calculated based upon Bank’s cost of funds, Borrower agrees Borrowers agree that Bank shall not be required actually to obtain funds from such source at any time.

Appears in 1 contract

Samples: Credit Agreement (KMG Chemicals Inc)

No Requirement to Actually Obtain Funds. Notwithstanding the fact that the Interest Rate pursuant to the Loan may be calculated based upon Bank’s Lenders' cost of funds, Borrower agrees that Bank Lenders shall not be required actually to obtain funds from such source at any time.

Appears in 1 contract

Samples: Credit Agreement (National Health Investors Inc)

No Requirement to Actually Obtain Funds. Notwithstanding the fact --------------------------------------- that the Interest Rate pursuant to the Loan may be calculated based upon Bank’s 's cost of funds, Borrower agrees agree that Bank shall not be required actually to obtain funds from such source at any time.

Appears in 1 contract

Samples: Credit Agreement (Jones Financial Companies Lp LLP)

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