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

Discretion of Lender as to Manner of Funding. Notwithstanding any provision of this Agreement to the contrary, the Lender shall be entitled to fund and maintain its funding of all or any part of the Notes in any manner it sees fit (provided the same is in accordance with this Agreement), it being understood, however, that for purposes of this Agreement all determinations hereunder with respect to LIBOR Portions (including, without limitation, determinations under Sections 2.6, 2.7 and 2.8 hereof) shall be made as if the Lender had actually funded and maintained each LIBOR Portion during each Interest Period applicable thereto through the purchase of deposits in the relevant market in the amount of such LIBOR Portion, having a maturity corresponding to such Interest Period, and bearing an interest rate equal to the LIBOR for such Interest Period.

Appears in 6 contracts

Samples: Credit Agreement (Maf Bancorp Inc), Credit Agreement (Maf Bancorp Inc), Credit Agreement (Maf Bancorp Inc)

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Discretion of Lender as to Manner of Funding. Notwithstanding any provision of this Agreement to the contrary, the Lender shall be entitled to fund and maintain its funding of all or any part of the Notes its Note in any manner it sees fit (provided the same is in accordance with this Agreement)fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder with respect to LIBOR Portions (including, without limitation, determinations under Sections 2.62.7, 2.7 2.8 and 2.8 2.9 hereof) shall be made as if the such Lender had actually funded and maintained each LIBOR Portion during each Interest Period applicable thereto through the purchase of deposits in the relevant market in the amount of such LIBOR Portion, having a maturity corresponding to such Interest Period, Period and bearing an interest rate equal to the LIBOR for such Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Homeservices Com Inc)

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Discretion of Lender as to Manner of Funding. Notwithstanding any provision of this Agreement to the contrary, the each Lender shall be entitled to fund and maintain its funding of all or any part of the Notes its Note in any manner it sees fit (fit; provided the same such funding is in accordance with the terms of this Agreement), it being understood, however, that for the purposes of this Agreement all determinations hereunder with respect to LIBOR Portions (including, without limitation, determinations under Sections 2.62.7, 2.7 2.8 and 2.8 2.9 hereof) shall be made as if the such Lender had actually funded and maintained each LIBOR Portion during each Interest Period applicable thereto through the purchase of deposits in the relevant market in the amount of such LIBOR Portion, having a maturity corresponding to such Interest Period, Period and bearing an interest rate equal to the LIBOR for such Interest Period.

Appears in 1 contract

Samples: Pledge Agreement (Homeservices Com Inc)

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