Common use of Borrowing Options Clause in Contracts

Borrowing Options. The Term Loans and the Revolving Loans shall, at the option of Borrower except as otherwise provided in this Agreement, be (i) Base Rate Loans, (ii) Eurodollar Loans, or (iii) part Base Rate Loans and part Eurodollar Loans. As to any Eurodollar Loan, any Lender may, if it so elects, fulfill its commitment by causing a foreign branch or affiliate to make or continue such Loan, provided that in such event that Lender's Commitment Percentage of the Loan shall, for the purposes of this Agreement, be considered to have been made by that Lender and the obligation of Borrower to repay that Lender's Commitment Percentage of the Loan shall nevertheless be to that Lender and shall be deemed held by that Lender, for the account of such branch or affiliate.

Appears in 1 contract

Sources: Credit Agreement (BMC Industries Inc/Mn/)

Borrowing Options. The Term Loans and the Revolving Loans shall, at the option of Borrower Company except as otherwise provided in ------------------ this Agreement, be (i) Base Rate Loans, (ii) Eurodollar Eurocurrency Loans, or (iii) part Base Rate Loans and part Eurodollar Eurocurrency Loans. As to any Eurodollar Eurocurrency Loan, any Lender may, if it so elects, fulfill its commitment by causing a foreign branch or affiliate to make or continue such Loan, provided that in such event that Lender's Commitment Percentage of the Loan shall, for the purposes of this Agreement, be considered to have been made by that Lender and the obligation of Borrower Company to repay that Lender's Commitment Percentage of the Loan shall nevertheless be to that Lender and shall be deemed held by that Lender, for the account of such branch or affiliate.

Appears in 1 contract

Sources: Credit Agreement (Us Can Corp)

Borrowing Options. The Term Loans and the Revolving Loans denominated in Dollars shall, at the option of each Borrower except as otherwise provided in this Agreement, be (i) Base Rate Loans, (ii) Eurodollar Eurocurrency Loans, or (iii) part Base Rate Loans and part Eurodollar Eurocurrency Loans. As to any Eurodollar Eurocurrency Loan, any Lender may, if it so elects, fulfill its commitment by causing a foreign branch or affiliate to make or continue such Loan, provided that in such event that Lender's Commitment Percentage of the Loan shall, for the purposes of this Agreement, be considered to have been made by that Lender and the obligation of the respective Borrower to repay that Lender's Commitment Percentage of the Loan shall nevertheless be to that Lender and shall be deemed held by that Lender, for the account of such branch or affiliate.

Appears in 1 contract

Sources: Credit Agreement (Huntsman Advanced Materials (UK) LTD)