Common use of Funding Procedure Clause in Contracts

Funding Procedure. The Lenders may fund any portion of the Revolving Credit Loans subject to a LIBOR Pricing Option out of any funds available to the Lenders. Regardless of the source of the funds actually used by any of the Lenders to fund any portion of the Revolving Credit Loans subject to a LIBOR Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Revolving Credit Loans and the amounts payable under Sections 3.2.4 and 3.5, will be computed as if each Lender had actually funded such Lender’s Percentage Interest in such portion of the Revolving Credit Loans through the purchase of deposits in such amount of the type by which the LIBOR Base Rate was determined, with a maturity the same as the applicable Interest Period relating thereto and through the transfer of such deposits from an office of the Lender having the same location as the applicable LIBOR Office to one of such Lender’s offices in the United States.

Appears in 3 contracts

Samples: Ch2m Hill Companies (Ch2m Hill Companies LTD), Agreement (Ch2m Hill Companies LTD), Revolving Credit Agreement (Ch2m Hill Companies LTD)

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Funding Procedure. The Lenders may fund any portion of the ----------------- Revolving Credit Loans Loan subject to a LIBOR Eurodollar Pricing Option out of any funds available to the Lenders. Regardless of the source of the funds actually used by any of the Lenders to fund any portion of the Revolving Credit Loans Loan subject to a LIBOR Eurodollar Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Revolving Credit Loans Loan and the amounts payable under Sections 3.2.4 and 3.5, will shall be computed as if each Lender had actually funded such Lender’s 's Percentage Interest in such portion of the Revolving Credit Loans Loan through the purchase of deposits in such amount of the type by which the LIBOR Base Eurodollar Basic Rate was determined, determined with a maturity the same as the applicable Eurodollar Interest Period relating thereto and through the transfer of such deposits from an office of the Lender having the same location as the applicable LIBOR Eurodollar Office to one of such Lender’s 's offices in the United StatesStates of America.

Appears in 1 contract

Samples: Credit Agreement (Westower Corp)

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Funding Procedure. The Lenders may fund any portion of the Revolving Credit Loans Loan subject to a LIBOR Pricing Option out of any funds available to the Lenders. Regardless of the source of the funds actually used by any of the Lenders to fund any portion of the Revolving Credit Loans Loan subject to a LIBOR Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Revolving Credit Loans Loan and the amounts payable under Sections 3.2.4 3.2.4, 3.7, 3.8, 3.9 and 3.53.10, will shall be computed as if each Lender had actually funded such Lender’s 's Percentage Interest in such portion of the Revolving Credit Loans Loan through the purchase of deposits in such amount of the type by which the LIBOR Base Basic Rate was determined, determined with a maturity the same as the applicable LIBOR Interest Period relating thereto and through the transfer of such deposits from an office of the Lender having the same location as the applicable LIBOR Office to one of such Lender’s 's offices in the United StatesStates of America.

Appears in 1 contract

Samples: Credit Agreement (Buckeye Cellulose Corp)

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