Common use of Discretion of Lender as to Manner of Funding Clause in Contracts

Discretion of Lender as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Lender shall be entitled to fund and maintain its funding of all or any part of its Advances in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder shall be made as if each Lender had actually funded and maintained each Eurocurrency Rate Advance and each Eurodollar Rate Auction Advance through the purchase of deposits in the eurocurrency interbank market having a maturity corresponding to such Advance's Interest Period or term, as applicable, and bearing an interest rate equal to the Eurodollar Rate for such Interest Period or term, as applicable.

Appears in 2 contracts

Samples: Louisville Gas & Electric Co /Ky/, Louisville Gas & Electric Co /Ky/

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Discretion of Lender as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Lender shall be entitled to fund and maintain its funding of all or any part of its Advances Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder with respect to EurodollarEurocurrency Loans shall be made as if each Lender had actually funded and maintained each Eurocurrency Rate Advance and each Eurodollar Rate Auction Advance EurodollarEurocurrency Loan through the purchase of deposits in the eurocurrency applicable interbank market eurodollarmarket having a maturity corresponding to such Advance's Loan’s Interest Period or term, as applicablePeriod, and bearing an interest rate equal to the Eurodollar Rate LIBOR or CDOR, as applicable, for such Interest Period or term, as applicablePeriod.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Sparton Corp)

Discretion of Lender as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Lender shall be entitled to fund and maintain its funding of all or any part of its Advances Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder with respect to EurodollarTerm SOFR Rate Loans shall be made as if each Lender had actually funded and maintained each Eurocurrency EurodollarTerm SOFR Rate Advance and each Eurodollar Rate Auction Advance Loan through the purchase of deposits in the eurocurrency interbank eurodollar market having a maturity corresponding to such Advance's Loan’s Interest Period or term, as applicablePeriod, and bearing an interest rate equal to the Eurodollar Rate LIBORTerm SOFR for such Interest Period or term, as applicablePeriod.

Appears in 1 contract

Samples: Credit Agreement (CTO Realty Growth, Inc.)

Discretion of Lender as to Manner of Funding. Notwithstanding any other -------------------------------------------- provision of this AgreementAgreement to the contrary, each Lender shall be entitled to fund and maintain its funding of all or any part of its Advances Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder (including with respect to subsections 8.5 above) shall be made as if each Lender had actually funded and maintained each Eurocurrency Rate Advance and Eurodollar Loan during each Eurodollar Rate Auction Advance Interest Period for such Loan through the purchase of deposits in the eurocurrency interbank market having a maturity corresponding to such Advance's Interest Period or term, as applicable, and bearing an interest rate equal to the Eurodollar Rate for such Interest Period or term, as applicablePeriod.

Appears in 1 contract

Samples: Credit Agreement (College Television Network Inc)

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Discretion of Lender as to Manner of Funding. Notwithstanding any other provision of this AgreementAgreement to the contrary, each the Lender shall be entitled to fund and maintain its funding of all or any part of its Eurodollar Advances in any manner it sees deems fit, it being understoodprovided, however, that for the purposes of this Agreement (specifically including, without limitation, Section 2.11) all determinations hereunder shall be made as if each the Lender had actually funded and maintained each Eurocurrency Rate Eurodollar Advance and during each Interest Period for such Eurodollar Rate Auction Advance through the purchase of deposits in the eurocurrency interbank market having a maturity corresponding to such Advance's Interest Period or term, as applicable, and bearing an interest rate equal to the appropriate Eurodollar Rate for such Interest Period or term, as applicablePeriod.

Appears in 1 contract

Samples: Credit and Security Agreement (Eagle Geophysical Inc)

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