Common use of Notional Funding Clause in Contracts

Notional Funding. Each Lender shall have the right from time to time, prospectively or retrospectively, without notice to the Borrower, to deem any branch, subsidiary or affiliate of such Lender to have made, maintained or funded any part of the Euro-Rate Portion at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional Euro-Rate Funding Office." Such Lender shall deem any part of the Euro-Rate Portion of the Loans or the funding therefor to have been transferred to a different Notional Euro-Rate Funding Office if such transfer would avoid or cure an event or condition described in Section 2.08(e)(ii) hereof or would lessen compensation payable by the Borrower under Sections 2.14(a), 2.16(a) or 2.16(b) hereof, and provided that such Lender determines in its reasonable discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Loans, such Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be selected by such Lender without regard to such Lender's actual methods of making, maintaining or funding Loans or any sources of funding actually used by or available to such Lender.

Appears in 1 contract

Samples: Credit Agreement (Foster Wheeler Corp)

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Notional Funding. Each Lender shall have the right from time ---------------- to time, prospectively or retrospectively, without notice to the Borrower, to deem any branch, subsidiary or affiliate of such Lender to have made, maintained or funded any part of the Euro-Rate Portion at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional Euro-Rate Funding Office." Such Lender shall deem any part of the Euro-Rate Portion of the Loans or the funding therefor to have been transferred to a different Notional Euro-Rate Funding Office if such transfer would avoid or cure an event or condition described in Section 2.08(e)(ii2.4(e)(ii) hereof or would lessen compensation payable by the Borrower under Sections 2.14(a), 2.16(a) or 2.16(bSection 2.11(a) hereof, and provided that if such Lender determines in its reasonable sole discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Loans, such Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be selected by such Lender without regard to such Lender's actual methods of making, maintaining or funding Loans or any sources of funding actually used by or available to such Lender.

Appears in 1 contract

Samples: Credit Agreement (Korn Ferry International)

Notional Funding. Each The Lender shall have the right from time to time, prospectively or retrospectively, without notice to the Borrower, to deem any branch, subsidiary or affiliate of such the Lender to have made, maintained or funded any part of the Euro-Rate Portion at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional Euro-Rate Funding Office." Such The Lender shall deem any part of the Euro-Rate Portion of the Revolving Credit Loans or the funding therefor to have been transferred to a different Notional Euro-Rate Funding Office if such transfer would avoid or cure an event or condition described in Section 2.08(e)(ii2.04(e)(ii) hereof or would lessen compensation payable by the Borrower under Sections 2.14(a), 2.16(a) or 2.16(bSection 2.10(a) hereof, and provided that such if the Lender determines in its reasonable sole discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Revolving Credit Loans, such the Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be selected by such the Lender without regard to such the Lender's actual methods of making, maintaining or funding Revolving Credit Loans or any sources of funding actually used by or available to such the Lender.

Appears in 1 contract

Samples: Omnibus Credit Facility Agreement (Black Box Corp)

Notional Funding. Each The Lender shall have the right from time to time, prospectively or retrospectively, without notice to the Borrower, to deem any branch, subsidiary or affiliate of such the Lender to have made, maintained or funded any part of the Euro-Rate Portion at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional Euro-Rate Funding Office." Such The Lender shall deem any part of the Euro-Rate Portion of the Loans or the funding therefor to have been transferred to a different Notional Euro-Rate Funding Office if such transfer would avoid or cure an event or condition described in Section 2.08(e)(ii2.04(e)(ii) hereof or would lessen compensation payable by the Borrower under Sections 2.14(a), 2.16(a) or 2.16(bSection 2.10(a) hereof, and provided that such if the Lender determines in its reasonable sole discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Loans, such the Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be selected by such the Lender without regard to such the Lender's actual methods of making, maintaining or funding Revolving Credit Loans or any sources of funding actually used by or available to such the Lender.

Appears in 1 contract

Samples: Credit Agreement (Black Box Corp)

Notional Funding. Each Lender shall have the right from time to time, prospectively or retrospectively, without notice to the Borrower, to deem any branch, subsidiary or affiliate of such Lender to have made, maintained or funded any part of the Euro-Rate Portion at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional Euro-Rate Funding Office." Such Lender shall deem any part of the Euro-Rate Portion of the Loans or the funding therefor to have been transferred to a different Notional Euro-Rate Funding Office if such transfer would avoid or cure an event or condition described in Section 2.08(e)(ii) hereof or would lessen compensation payable by the Borrower under Sections 2.14(a), 2.16(a) or 2.16(b) hereof, and provided that such Lender determines in its reasonable discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Loans, such Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be selected by such Lender without regard to such Lender's actual methods of making, maintaining or funding Loans or any sources of funding actually used by or available to such Lender.. (b)

Appears in 1 contract

Samples: Pledge Agreement Pledge Agreement (Foster Wheeler Corp)

Notional Funding. Each Lender shall have the right from time to time, prospectively or retrospectively, without notice to the Borrower, to deem any branch, subsidiary or affiliate of such Lender to have made, maintained or funded any part of the Euro-Rate Portion at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional Euro-Rate Funding Office." Such Lender shall deem any part of the Euro-Rate Portion of the Loans or the funding therefor to have been transferred to a different Notional Euro-Rate Funding Office if such transfer would avoid or cure an event or condition described in Section 2.08(e)(ii) hereof or would lessen compensation payable by the Borrower under Sections 2.14(a), 2.16(a) or 2.16(b) hereof, and provided that such Lender determines in its reasonable discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Loans, such Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be selected by such Lender without regard to such Lender's actual methods of making, maintaining or funding Loans or any sources of funding actually used by or available to such Lender.. 41 50 (b)

Appears in 1 contract

Samples: Pledge Agreement (Foster Wheeler Corp)

Notional Funding. Each The Lender shall have the right from time to time, prospectively or retrospectively, without notice to the BorrowerBorrowers, to deem any branch, subsidiary or affiliate of such the Lender to have made, maintained or funded any part of the Euro-Rate Portion of the Loans at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional Euro-Rate Funding Office." Such ". The Lender shall deem any part of the Euro-Rate Portion of the Loans or the funding therefor therefore to have been transferred to a different Notional Euro-Euro- Rate Funding Office if such transfer would avoid or cure an event a situation in which the Lender declines to permit the Borrowers to select the Euro-Rate Option because it (i) is unascertainable or condition described in Section 2.08(e)(iiimpracticable for the Lender to provide the same or (ii) hereof or would lessen any compensation or indemnity payable by to the Borrower Lender under Sections 2.14(a), 2.16(a) or 2.16(b) Article II hereof, and provided that such if the Lender determines in its reasonable sole discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Loans, such the Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion of the Loans is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be selected by such the Lender without regard to such the Lender's actual methods of making, maintaining or funding the Loans or any sources of funding actually used by or available to such the Lender.

Appears in 1 contract

Samples: Loan Agreement (Uni Marts Inc)

Notional Funding. Each Lender shall have the right from time to time, prospectively or retrospectively, without notice to the Borrower, to deem any branch, subsidiary or affiliate of such Lender to have made, maintained or funded any part of the Euro-Rate Portion at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional Euro-Rate Funding Office." Such Lender shall deem any part of the Euro-Rate Portion of the Loans or the funding therefor to have been transferred to a different Notional Euro-Rate Funding Office if such transfer would avoid or cure an event or condition described in Section 2.08(e)(ii2.03(e)(ii) hereof or would lessen compensation payable by the Borrower under Sections 2.14(a), 2.16(a) or 2.16(bSection 2.10(a) hereof, and provided that if such Lender determines in its reasonable sole discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Loans, such Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be selected by such Lender without regard to such Lender's actual methods of making, maintaining or funding Loans or any sources of funding actually used by or available to such Lender.

Appears in 1 contract

Samples: Agreement (Primark Corp)

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Notional Funding. Each Lender shall have the right from time to time, prospectively or retrospectively, without notice to the Company or any other Borrower, to deem any branch, subsidiary or affiliate of such Lender to have made, maintained or funded any part of the Euro-Rate Portion at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional EuroNOTIONAL EURO-Rate Funding OfficeRATE FUNDING OFFICE." Such Lender shall deem any part of the Euro-Rate Portion of the Loans or the funding therefor to have been transferred to a different Notional Euro-Rate Funding Office if such transfer would avoid or cure an event or condition described in Section 2.08(e)(ii2.06(e)(ii) hereof or would lessen compensation payable by the a Borrower under Sections 2.14(a2.14(A), 2.16(a) or 2.16(b) hereof, and provided that such Lender determines in its reasonable discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Loans, such Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be he selected by such Lender without regard to such Lender's actual methods of making, maintaining or funding Loans or any sources of funding actually used by or available to such Lender.

Appears in 1 contract

Samples: Credit Agreement (Foster Wheeler LTD)

Notional Funding. Each Lender shall have the right from time to time, prospectively or retrospectively, without notice to the Company or any other Borrower, to deem any branch, subsidiary or affiliate of such Lender to have made, maintained or funded any part of the Euro-Rate Portion at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional Euro-Rate Funding Office." Such Lender shall deem any part of the Euro-Rate Portion of the Loans or the funding therefor to have been transferred to a different Notional Euro-Rate Funding Office if such transfer would avoid or cure an event or condition described in Section 2.08(e)(ii) hereof or would lessen compensation payable by the a Borrower under Sections 2.14(a), 2.16(a) or 2.16(b) hereof, and provided that such Lender determines in its reasonable discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Loans, such Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be selected by such Lender without regard to such Lender's actual methods of making, maintaining or funding Loans or any sources of funding actually used by or available to such Lender.

Appears in 1 contract

Samples: Pledge Agreement (Foster Wheeler Corp)

Notional Funding. Each Lender shall have the right from time to time, prospectively or retrospectively, without notice to the BorrowerBorrowers, to deem any branch, subsidiary or affiliate of such Lender to have made, maintained or funded any part of the Euro-Rate Portion at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional Euro-Rate Funding Office." Such Lender shall deem any part of the Euro-Rate Portion of the Loans or the funding therefor to have been transferred to a different Notional Euro-Rate Funding Office if such transfer would avoid or cure an event or condition described in Section 2.08(e)(ii2.4(d) hereof or would lessen compensation payable by the Borrower under Sections 2.14(a), 2.16(a) or 2.16(bSection 2.12(a) hereof, and provided that such Lender determines in its reasonable sole discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Loans, such Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be selected by such Lender without regard to such Lender's actual methods of making, maintaining or funding Loans or any sources of funding actually used by or available to such Lender.

Appears in 1 contract

Samples: Pledge Agreement (Genesis Health Ventures Inc /Pa)

Notional Funding. Each Lender shall have the right from time to time, prospectively or retrospectively, without notice to the Borrower, to deem any branch, subsidiary or affiliate of such Lender to have made, maintained or funded any part of the Euro-Rate Portion at any time. Any branch, subsidiary or -44- affiliate so deemed shall be known as a "Notional Euro-Rate Funding Office." Such Lender shall deem any part of the Euro-Rate Portion of the Loans or the funding therefor to have been transferred to a different Notional Euro-Rate Funding Office if such transfer would avoid or cure an event or condition described in Section 2.08(e)(ii) hereof or would lessen compensation payable by the Borrower under Sections 2.14(a), 2.16(a) or 2.16(b) hereof, and provided that such Lender determines in its reasonable discretion that such transfer would be practicable and would not have a material adverse effect on such part of the Loans, such Lender or any Notional Euro-Rate Funding Office (it being assumed for purposes of such determination that each part of the Euro-Rate Portion is actually made or maintained by or funded through the corresponding Notional Euro-Rate Funding Office). Notional Euro-Rate Funding Offices may be selected by such Lender without regard to such Lender's actual methods of making, maintaining or funding Loans or any sources of funding actually used by or available to such Lender.

Appears in 1 contract

Samples: Credit Agreement (Foster Wheeler Corp)

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