No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, Lender is not required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. The provisions of this Section shall apply as if Lender had match funded any Obligation as to which interest is accruing at the LIBOR Rate by acquiring eurodollar deposits for each Interest Period in the amount of the LIBOR Rate Loans.
Appears in 4 contracts
Samples: Loan and Security Agreement (Harvey Electronics Inc), Loan and Security Agreement (Paradyne Networks Inc), Loan and Security Agreement (Microstrategy Inc)
No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, Lender is not required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at based upon the LIBOR Rate. The provisions of this Section shall apply as if Lender had match funded any Obligation as to which interest is accruing at based upon the LIBOR Rate by acquiring eurodollar deposits for each Interest Period in the amount of the LIBOR Rate Loans.
Appears in 2 contracts
Samples: Loan Agreement (Firstcity Financial Corp), Loan Agreement (Firstcity Financial Corp)
No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, Lender Bank is not required to actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. The provisions of this Section shall apply as if Lender Bank had match funded any Obligation as to which interest is accruing at the LIBOR Rate by acquiring eurodollar deposits for each Interest Period in the amount of the LIBOR Rate Loans.
Appears in 2 contracts
Samples: Loan and Security Agreement (California Amplifier Inc), Loan Agreement (Ess Technology Inc)
No Requirement of Matched Funding. Anything to the contrary contained herein notwithstanding, Lender is not required actually to acquire eurodollar Eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. The provisions of this Section shall apply as if Lender had match funded any Obligation as to which interest is accruing at the LIBOR Rate by acquiring eurodollar Eurodollar deposits for each Interest Period in the amount of the LIBOR Rate Loans.
Appears in 1 contract
