Common use of Notional Funding Clause in Contracts

Notional Funding. Each Bank shall have the right from time to time, without notice to the Borrower, to deem any branch, Subsidiary, or Affiliate (which for the purposes of this Section 10.5 shall mean any corporation or association which is directly or indirectly controlled by or is under direct or indirect common control with any corporation or association which directly or indirectly controls such Bank) of such Bank to have made, maintained, or funded any Loan to which the Euro-Rate Option applies at any time, provided that immediately -------- following (on the assumption that a payment were then due from the Borrower to such other office), and as a result of such change, the Borrower would not be under any greater financial obligation pursuant to Section 4.6 than it would have been in the absence of such change. Notional funding offices may be selected by each Bank without regard to such Bank's actual methods of making, maintaining, or funding the Loans or any sources of funding actually used by or available to such Bank.

Appears in 1 contract

Samples: Credit Agreement (Ptek Holdings Inc)

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Notional Funding. Each The Bank shall have the right from time to time, without notice to the Borrower, to deem any branch, Subsidiary, subsidiary or Affiliate entity (which for the purposes of this Section 10.5 11.5 shall mean any corporation or association which is directly or indirectly controlled by or is under direct or indirect common control with any corporation or association which directly or indirectly controls such the Bank) of such the Bank to have made, maintained, maintained or funded any portion of the Loan to which the Euro-Rate Option applies at any time, provided that immediately -------- following (on the assumption that a payment were was then due from the Borrower to such other office), and as a result of such change, the Borrower would not be under any greater financial obligation pursuant to Section 4.6 3.12 than it would have been in the absence of such change. Notional funding offices may be selected by each the Bank without regard to such the Bank's actual methods of making, maintaining, maintaining or funding the Loans Loan or any sources of funding actually used by or available to such the Bank.

Appears in 1 contract

Samples: Loan Agreement (Interstate Hotels Corp)

Notional Funding. Each Bank shall have the right from time to time, without notice to the BorrowerBorrowers, to deem any branch, Subsidiary, Subsidiary or Affiliate (which for the purposes of this Section 10.5 11.5 shall mean any corporation or association which is directly or indirectly controlled by or is under direct or indirect common control with any corporation or association which directly or indirectly controls such Bank) of such Bank to have made, maintained, maintained or funded any Loan to which the a Euro-Rate Option applies at any time, provided PROVIDED that immediately -------- following (on the assumption that a payment were then due from the applicable Borrower to such other office), and as a result of such change, the applicable Borrower would not be under any greater financial obligation pursuant to Section 4.6 5.6 than it would have been in the absence of such change. Notional funding offices may be selected by each Bank without regard to such Bank's actual methods of making, maintaining, maintaining or funding the Loans or any sources of funding actually used by or available to such Bank.

Appears in 1 contract

Samples: Credit Agreement (Commercial Intertech Corp)

Notional Funding. Each The Bank shall have the right from time to time, without notice to the BorrowerLoan Parties, to deem any branch, Subsidiary, subsidiary or Affiliate affiliate (which for the purposes of this Section 10.5 11.5 shall mean any corporation or association which is directly or indirectly controlled by or is under direct or indirect common control with any corporation or association which directly or indirectly controls such the Bank) of such the Bank to have made, maintained, maintained or funded any Revolving Credit Loan to which the Revolving Credit Euro-Rate Option applies at any time, provided that immediately -------- following (on the assumption that a payment were then due from the Borrower Borrowers to such other office), ) and as a result of such change, change the Borrower Borrowers would not be under any greater financial obligation pursuant to Section 4.6 5.4 than it they would have been in the absence of such change. Notional funding offices may be selected by each the Bank without regard to such the Bank's actual methods of making, maintaining, maintaining or funding the Loans or any sources of funding actually used by or available to such the Bank.

Appears in 1 contract

Samples: Credit Agreement (Integra Inc)

Notional Funding. Each Bank shall have the right from time to time, without notice to the Borrower, to deem any branch, Subsidiary, Subsidiary or Affiliate (which for the purposes of this Section 10.5 9.14 shall mean any corporation or association which is directly or indirectly controlled by or is under direct or indirect common control with any corporation or association which directly or indirectly controls such Bank) of such Bank to have made, maintained, maintained or funded any Loan in Dollars or in any Optional Currency to which the Euro-Rate Option applies at any time, provided that immediately -------- following (on the assumption that a payment were was then due from the Borrower to such other office), ) and as a result of such change, change the Borrower would not be under any greater financial obligation pursuant to Section 4.6 than it would have been in the absence of such change. Notional funding offices may be selected by each Bank without regard to such the Bank's ’s actual methods of making, maintaining, maintaining or funding the Loans or any sources of funding actually used by or available to such Bank.

Appears in 1 contract

Samples: Credit Agreement (Cooper Tire & Rubber Co)

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Notional Funding. Each Bank shall have the right from time to time, without notice to the BorrowerBorrowers, to deem any branch, Subsidiary, Subsidiary or Affiliate (which for the purposes of this Section 10.5 11.5 shall mean any corporation or association which is directly or indirectly controlled by or is under direct or indirect common control with any corporation or association which directly or indirectly controls such Bank) of such Bank to have made, maintained, maintained or funded any Revolving Credit Loan to which the Euro-Rate Option applies at any time, provided that immediately -------- following (on the assumption that a payment were then due from the Borrower Borrowers to such other office), and as a result of such change, the Borrower Borrowers would not be under any greater financial obligation pursuant to Section 4.6 5.6 than it would have been in the absence of such change. Notional funding offices may be selected by each Bank without regard to such the Bank's actual methods of making, maintaining, maintaining or funding the Revolving Credit Loans or any sources of funding actually used by or available to such Bank.

Appears in 1 contract

Samples: Credit Agreement (Phymatrix Corp)

Notional Funding. 74 80 Each Bank shall have the right from time to time, without notice to the Borrower, to deem any branch, Subsidiary, Subsidiary or Affiliate (which for the purposes of this Section 10.5 shall mean any corporation or association which is directly or indirectly controlled by or is under direct or indirect common control with any corporation or association which directly or indirectly controls such Bank) of such Bank to have made, maintained, maintained or funded any Loan to which the Revolving Credit Euro-Rate Option applies at any time, provided PROVIDED that immediately -------- following (on the assumption that a payment were then due from the Borrower to such other office), and as a result of such change, the Borrower would not be under any greater financial obligation pursuant to Section 4.6 4.5 than it would have been in the absence of such change. Notional funding offices may be selected by each Bank without regard to such Bank's actual methods of making, maintaining, maintaining or funding the Loans or any sources of funding actually used by or available to such Bank.; and

Appears in 1 contract

Samples: Credit Agreement (Consolidated Stores Corp /De/)

Notional Funding. Each Bank shall have the right from time to time, without notice to the Borrower, to deem any branch, Subsidiary, Subsidiary or Affiliate (which for the purposes of this Section 10.5 shall mean any corporation or association which is directly or indirectly controlled by or is under direct or indirect common control with any corporation or association which directly or indirectly controls such Bank) of such Bank to have made, maintained, maintained or funded any Loan to which the Revolving Credit Euro-Rate Option applies at any time, provided that immediately -------- following (on the assumption that a payment were then due from the Borrower to such other office), and as a result of such change, the Borrower would not be under any greater financial obligation pursuant to Section 4.6 4.5 than it would have been in the absence of such change. Notional funding offices may be selected by each Bank without regard to such Bank's actual methods of making, maintaining, maintaining or funding the Loans or any sources of funding actually used by or available to such Bank.; and

Appears in 1 contract

Samples: Credit Agreement (Cuno Inc)

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