Common use of Assumptions Concerning Funding of LIBOR Loans Clause in Contracts

Assumptions Concerning Funding of LIBOR Loans. Calculation of all --------------------------------------------- amounts payable to Lender under subsection 2.11 shall be made as though Lender --------------- had actually funded its relevant LIBOR Loan through the purchase of a LIBOR deposit bearing interest at LIBOR in an amount equal to the amount of that LIBOR Loan and having maturity comparable to the relevant Interest Period and through the transfer of such LIBOR deposit from an offshore office to a domestic office in the United States of America; provided, however, that Lender may fund each of its LIBOR Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under subsection 2.11. ---------------

Appears in 1 contract

Samples: Loan and Security Agreement (Right Start Inc /Ca)

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Assumptions Concerning Funding of LIBOR Loans. Calculation --------------------------------------------- of all --------------------------------------------- amounts payable to Lender under subsection 2.11 shall be made as though each Lender --------------- had actually funded its relevant LIBOR Loan through the purchase of a LIBOR deposit bearing interest at LIBOR in an amount equal to the amount of that LIBOR Loan and having maturity comparable to the relevant Interest Period and through the transfer of such LIBOR deposit from an offshore office to a domestic office in the United States of America; provided, however, that each Lender may fund each of its LIBOR Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under subsection 2.11. ---------------

Appears in 1 contract

Samples: Tender Offer Loan Agreement (Lund International Holdings Inc)

Assumptions Concerning Funding of LIBOR Loans. Calculation of all --------------------------------------------- amounts payable to any Lender under subsection 2.11 2.12 shall be made as though such --------------- Lender --------------- had actually funded its relevant LIBOR Loan through the purchase of a LIBOR deposit bearing interest at LIBOR in an amount equal to the amount of that LIBOR Loan and having maturity comparable to the relevant Interest Period and through the transfer of such LIBOR deposit from an offshore office to a domestic office in the United States of America; provided, however, that such Lender may fund each of its LIBOR Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under subsection 2.112.12. ---------------

Appears in 1 contract

Samples: Loan and Security Agreement (Tower Air Inc)

Assumptions Concerning Funding of LIBOR Loans. Calculation of --------------------------------------------- all --------------------------------------------- amounts payable to each Lender under subsection 2.11 2.12 shall be made as though --------------- each Lender --------------- had actually funded its relevant LIBOR Loan through the purchase of a LIBOR deposit bearing interest at LIBOR in an amount equal to the amount of that LIBOR Loan and having maturity comparable to the relevant Interest Period and through the transfer of such LIBOR deposit from an offshore office to a domestic office in the United States of America; provided, however, that each Lender -------- ------- may fund each of its LIBOR Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under subsection 2.112.12. ---------------

Appears in 1 contract

Samples: Loan and Security Agreement (Banctec Inc)

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Assumptions Concerning Funding of LIBOR Loans. Calculation of all --------------------------------------------- amounts payable to Lender Lenders under subsection 2.11 2.12 shall be made as though each --------------- Lender --------------- had actually funded its relevant LIBOR Loan through the purchase of a LIBOR deposit bearing interest at LIBOR in an amount equal to the amount of that LIBOR Loan and having maturity comparable to the relevant Interest Period and through the transfer of such LIBOR deposit from an offshore office to a domestic office in the United States of America; provided, however, that each Lender may -------- ------- fund each of its LIBOR Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under subsection 2.112.12. ---------------

Appears in 1 contract

Samples: Loan and Security Agreement (Hawker Pacific Aerospace)

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