Common use of Funding Method Clause in Contracts

Funding Method. Each Lender shall be entitled to fund all or any portion of its Primary Percentage Share of Primary Loans and refund its Primary Percentage Share of Swing Loans, and each Swing Lender shall be entitled to fund all or any portion of its Swing Line Percentage Share of Swing Loans in any manner it may determine in its sole discretion, including, without limitation, in the Grand Cayman inter-bank market, the eurocurrency inter-bank market and within the United States, but all calculations and transactions hereunder shall be conducted as though all Lenders actually fund Eurodollar Loans funded by them hereunder through the purchase of offshore dollar deposits in such amounts with maturities corresponding to the applicable Interest Periods.

Appears in 1 contract

Sources: Revolving Credit Agreement (Countrywide Credit Industries Inc)

Funding Method. Each Lender shall be entitled to fund and maintain all or any portion of its Primary Percentage Share of Primary Loans and refund and maintain its Primary Percentage Share of Swing Loans, and each Swing Lender shall be entitled to fund and maintain all or any portion of its Swing Line Percentage Share of Swing Loans Loans, in any manner it may determine in its sole discretion, including, without limitation, in the Grand Cayman inter-bank market, the eurocurrency inter-bank market and within the United States, but all calculations and transactions hereunder shall be conducted as though all Lenders actually fund and maintain Eurodollar Loans funded by them hereunder through the purchase of offshore dollar deposits in such amounts with maturities corresponding to the applicable Interest Periods.

Appears in 1 contract

Sources: Credit Agreement (Countrywide Credit Industries Inc)