Right of Banks to Fund through Other Offices Sample Clauses

Right of Banks to Fund through Other Offices. Each Bank may, if it so elects, fulfill its commitment as to any Eurodollar Loan by causing a foreign branch or affiliate of such 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 such Bank and the obligation of the Company to repay such Loan shall nevertheless be to such Bank and shall be deemed held by it, to the extent of such Loan, for the account of such branch or affiliate.
AutoNDA by SimpleDocs
Right of Banks to Fund through Other Offices. Each Bank may perform its Commitment to fund its pro rata share of any Eurocurrency Rate Loan or, with respect to the Swing Line Bank, any Swing Line Loan to the Borrowers by causing an affiliate of such Bank to provide such funds in accordance with the terms of this Agreement. For all purposes of this Agreement, any amounts so advanced shall be deemed to have been advanced by such Bank, and the obligation of the Borrowers to repay such amounts shall be as provided in this Agreement.
Right of Banks to Fund through Other Offices. Each Bank may, if it so elects, fulfill its commitment as to any LIBOR Loan by causing a foreign branch or Affiliate of such Bank to make such Loan; provided, in such event for the purposes of this Agreement such Loan shall be deemed to have been made by such Bank and the obligation of the Company to repay such Loan shall nevertheless be to such Bank and shall be deemed held by it, to the extent of such Loan, for the account of such branch or Affiliate.
Right of Banks to Fund through Other Offices. Each Bank may, if it so elects, fulfill its commitment as to any Offshore Rate Loans by causing any of its Lending Offices to make such Offshore Rate Loans; provided, that in such event for the purposes of this Agreement, such Loan shall be deemed to have been made by such Bank and the obligation of the Borrower to repay such Offshore Rate Loan shall nevertheless be to such Bank and shall be deemed held by it, to the extent of such Offshore Rate Loan, for the account of such branch or affiliate.
Right of Banks to Fund through Other Offices. Each Bank may, if it so elects, fulfill its commitment as to any Eurodollar Loan by causing a foreign branch or Affiliate of such Bank to make such Eurodollar Loan, PROVIDED that in such event for the purposes of this Agreement such Eurodollar Loan shall be deemed to have been made by such Bank and the obligation of the Company to repay such Eurodollar Loan shall nevertheless be to such Bank and shall be deemed held by it, to the extent of such Eurodollar Loan, for the account of such branch or Affiliate.
Right of Banks to Fund through Other Offices. Each Bank, if it so elects, may fulfill its agreements hereunder with respect to any LIBOR Rate Advance by causing a foreign branch or affiliate of such Bank to make such LIBOR Rate Advance; provided, that in such event the obligation of the Borrowers to repay such LIBOR Rate Advance shall nevertheless be to such Bank and such LIBOR Rate Advance shall be deemed held by such Bank for the account of such branch or affiliate.
Right of Banks to Fund through Other Offices. Each Bank may, if it so elects, fulfill its commitment as to any Fixed Rate Loan by causing a foreign branch or affiliate of such 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 such Bank and the obligation of the applicable Borrower to repay such Loan shall nevertheless be to such Bank and shall be deemed held by it, to the extent of such Loan, for the account of such branch or affiliate.
AutoNDA by SimpleDocs
Right of Banks to Fund through Other Offices. 35 3.7 Discretion of Banks as to Manner of Funding. . . . . 36 3.8 Conclusiveness of Statements; Survival of Provisions . . . . . . . . . . . . . . . . . . . . . 36 3.9
Right of Banks to Fund through Other Offices. Each Bank may perform its Commitment to fund its PRO RATA share of any Loan or, with respect to the Swing Line Bank, any Swing Line Loan to the Borrowers by causing an affiliate of such Bank to provide such funds in accordance with the terms of this Agreement. For all purposes of this Agreement, any amounts so advanced shall be deemed to have been advanced by such Bank, and the obligation of the Borrowers to repay such amounts shall be as provided in this Agreement.
Right of Banks to Fund through Other Offices. Each Bank, if it so elects, may fulfill its agreements hereunder with respect to any Funding or the creation and discounting of any Acceptance by causing a foreign branch or affiliate of such Bank to make such Funding or create and discount any Acceptance; PROVIDED, that the obligation of a Borrower to repay such Funding or Acceptance shall nevertheless be to such Bank, and such Funding or Acceptance shall be deemed held by such Bank for the account of such branch or affiliate. If either Borrower is required to pay additional amounts to or for the account of any Bank as a result of an election by such Bank pursuant to this SECTION 4.16 to fund through an office which is not located in the United States, with respect to US Banks, or which is not located in Canada, with respect to Canadian Banks, then (i) such Bank will change the jurisdiction of such funding office if, in the reasonable judgment of such Bank, such change (x) will eliminate or reduce any such additional payment which may hereafter accrue and (y) it is not otherwise disadvantageous to such Bank or (ii) if such Bank does not change the jurisdiction of its funding office established pursuant to this SECTION 4.16, the Borrower shall have the right to require that such Bank assign its Commitments and Notes to a substitute Bank pursuant to the terms and conditions, and subject to the approvals required, in SECTION 10.2.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!