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

Right of Lender to Fund through Other Offices. The Lender may, if it so elects, fulfill its commitment as to any Eurodollar Loan by causing a foreign branch or affiliate of the Lender 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 Lender and the obligation of the Borrower to repay such Loan shall nevertheless be to the Lender and shall be deemed held by it, to the extent of such Loan, for the account of such branch or affiliate.

Appears in 2 contracts

Samples: Credit Agreement (Cabot Microelectronics Corp), Credit Agreement (Cabot Microelectronics Corp)

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Right of Lender to Fund through Other Offices. The Lender may, if it so --------------------------------------------- elects, fulfill its commitment as to any Eurodollar Loan by causing a foreign branch or affiliate Affiliate of the Lender 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 Lender and the obligation of the Borrower Company to repay such Loan shall nevertheless be to the Lender 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 (College Television Network Inc)

Right of Lender to Fund through Other Offices. The Lender may, if it so elects, fulfill its commitment as to any Eurodollar Eurocurrency Loan by causing a foreign branch or affiliate Affiliate of the Lender 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 Lender and the obligation of the Company or the Designated Borrower to repay such Loan shall nevertheless be to the Lender 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 (SPSS Inc)

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Right of Lender to Fund through Other Offices. The Lender may, if it so elects, fulfill its commitment as to any Eurodollar Loan by causing a foreign branch or affiliate Affiliate of the Lender 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 Lender and the obligation of the Borrower Company to repay such Loan shall nevertheless be to the Lender 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 (CTN Media Group Inc)

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