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

Right of Lenders to Fund through Other Offices. Each Lender may, if it so elects, fulfill its commitment as to any Eurodollar Tranche by causing a foreign branch or affiliate of such Lender to maintain or fund such Tranche, provided that in such event for the purposes of this Agreement such Tranche shall be deemed to have been maintained and funded by such Lender and the obligation of the Company to repay such Lender's Loan shall nevertheless be to such 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: Term Loan Agreement, Term Loan Agreement (United Rentals Inc /De)

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Right of Lenders to Fund through Other Offices. Each Lender may, if ---------------------------------------------- it so elects, fulfill its commitment as to any Eurodollar Tranche by causing a foreign branch or affiliate of such Lender to maintain or fund such Tranche, provided that in such event for the purposes of this Agreement such Tranche -------- shall be deemed to have been maintained and funded by such Lender and the obligation of the Company to repay such Lender's Loan shall nevertheless be to such 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: Term Loan Agreement, Term Loan Agreement (United Rentals Inc)

Right of Lenders to Fund through Other Offices. Each Lender may, if it so ---------------------------------------------- elects, fulfill its commitment as to any Eurodollar Tranche by causing a foreign branch or affiliate of such Lender to maintain or fund such Tranche, provided -------- that in such event for the purposes of this Agreement such Tranche shall be deemed to have been maintained and funded by such Lender and the obligation of the Company to repay such Lender's Loan shall nevertheless be to such 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: Intercreditor Agreement (United Rentals North America Inc), Term Loan Agreement (United Rentals North America Inc)

Right of Lenders to Fund through Other Offices. Each Subject to ---------------------------------------------- clause (a) of Section 8.7, each Lender may, if it so elects, fulfill its ----------- commitment as to any Eurodollar Tranche Loan by causing a foreign branch or affiliate of such Lender to maintain or fund make such TrancheLoan, provided that in such event for the purposes of -------- this Agreement such Tranche Loan shall be deemed to have been maintained and funded made by such Lender and the obligation of the Company to repay such Lender's Loan shall nevertheless be to such Lender 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 (Global Industrial Technologies Inc)

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Right of Lenders to Fund through Other Offices. Right of Banks -------------------------------------------------------------- to Fund through Other Offices. Each Lender may, if it so elects, fulfill its ----------------------------- commitment as to any Eurodollar Tranche Loan by causing a foreign branch or affiliate Affiliate of such Lender to maintain or fund make such Tranche, Loan; provided that in such event for the purposes of this Agreement such Tranche Loan shall be deemed to have been maintained and funded made by such Lender and the obligation of the Company Borrower to repay such Lender's Loan shall nevertheless be to such 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: Loan and Security Agreement (Material Sciences Corp)

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