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

Assumptions Concerning Funding of LIBOR Loans. The ------------- --------------------------------------------- calculation of all amounts payable to the Lenders under this Section 2.9 shall ----------- be made as though each Lender actually funded its relevant Libor Loans through the purchase of a deposit in the London interbank market bearing interest at the Libor Rate in an amount equal to that Libor Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such deposit from an offshore office of such Lender to a domestic office of such Lender 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 solely for the calculation of amounts payable under this Section 2.9. -----------

Appears in 2 contracts

Samples: Loan Agreement (Somera Communications Inc), Loan Agreement (Talentpoint Inc)

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Assumptions Concerning Funding of LIBOR Loans. The ------------- --------------------------------------------- ---------------------------------------- ----- calculation of all amounts payable to the Lenders under this Section 2.9 shall ----------- be made as though each Lender actually funded its relevant Libor Loans through the purchase of a deposit in the London interbank market bearing interest at the Libor Rate in an amount equal to that Libor Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such deposit from an offshore office of such Lender to a domestic office of such Lender 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 solely for the calculation of amounts payable under this Section 2.9. -----------

Appears in 1 contract

Samples: Loan Agreement (Boron Lepore & Associates Inc)

Assumptions Concerning Funding of LIBOR Loans. The ------------- --------------------------------------------- calculation of --------------------------------------------- all amounts payable to the Lenders under this Section 2.9 2.12 shall ----------- be made as though each Lender actually funded its relevant Libor Loans through the purchase of a deposit in the London interbank market bearing interest at the Libor Rate in an amount equal to that Libor Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such deposit from an offshore office of such Lender to a domestic office of such Lender 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 solely for the calculation purpose of calculating amounts payable under this Section 2.9. -----------2.12.

Appears in 1 contract

Samples: Loan Agreement (Cornerstone Brands Inc)

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Assumptions Concerning Funding of LIBOR Loans. The ------------- --------------------------------------------- calculation of all amounts payable to the Lenders under this Section 2.9 shall ----------- be made as though each Lender actually funded its relevant Libor Loans through the purchase of a deposit in the London interbank market bearing interest at the Libor Rate in an amount equal to that Libor Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such deposit from an offshore office of such Lender to a domestic office of such Lender 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 solely for the calculation of amounts payable under this Section 2.9. -----------, but in no event shall Borrower be liable for any ----------- additional tax as a result of such Lender's funding decisions.

Appears in 1 contract

Samples: Loan Agreement (Nxtrend Technology Inc)

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