Common use of Right of Bank to Fund through Other Offices Clause in Contracts

Right of Bank to Fund through Other Offices. The Bank may, if it so elects, fulfill its commitment as to any Eurodollar Loan by causing a foreign branch or Affiliate of the Bank to make such Loan; provided that in such event for the purposes of this Agreement such Loan shall be deemed to have been made by the Bank and the obligation of the Company to repay such Loan shall nevertheless be to the Bank and shall be deemed held by it, to the extent of such Loan, for the account of such branch or Affiliate.

Appears in 1 contract

Samples: Credit Agreement (Navteq Corp)

AutoNDA by SimpleDocs

Right of Bank to Fund through Other Offices. The Bank may, if it so elects, fulfill its commitment as to any Eurodollar Loan by causing a foreign branch or Affiliate affiliate of the Bank to make such Loan; , provided that in such event for the purposes of this Agreement such Loan shall be deemed to have been made by the Bank and the obligation of the Company to repay such Loan shall nevertheless be to the Bank and shall be deemed held by it, to the extent of such Loan, for the account of such branch or Affiliateaffiliate.

Appears in 1 contract

Samples: Credit Agreement (Weston Roy F Inc)

Right of Bank to Fund through Other Offices. The Bank may, if it so elects, fulfill its commitment Commitment as to any Eurodollar Rate Loan by causing a foreign branch or Affiliate of the Bank its Lending Office to make such Revolving Loan; provided provided, that in such event for the purposes of this Agreement Agreement, such Revolving Loan shall be deemed to have been made by the Bank and the obligation of the Company Borrower to repay such Loan shall nevertheless be to the Bank and shall be deemed held by it, to the extent of such Loan, for the account of such branch or Affiliateaffiliate.

Appears in 1 contract

Samples: Secured Revolving Loan Agreement (Riverside Partners Et Al)

AutoNDA by SimpleDocs

Right of Bank to Fund through Other Offices. The Bank may, if it so ------------------------------------------- elects, fulfill its commitment as to any Eurodollar Loan by causing a foreign branch or Affiliate of the Bank to make such Loan; provided that in such event -------- for the purposes of this Agreement such Loan shall be deemed to have been made by the Bank and the obligation of the Company to repay such Loan shall nevertheless be to the Bank and shall be deemed held by it, to the extent of such Loan, for the account of such branch or Affiliate.

Appears in 1 contract

Samples: Credit Agreement (World Fuel Services Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.