Common use of Option to Fund Clause in Contracts

Option to Fund. Each Lender has indicated that, if any Borrower requests a Eurodollar Advance or a Core Currency Euro Advance, or such Lender makes a Bid Loan to any Borrower, as the case may be, such Lender may wish to purchase one or more deposits in order to fund or maintain its funding of its Commitment Percentage of such Eurodollar Advance or Core Currency Euro Advance or its Bid Loan, as the case may be, during the Euro Interest Period or Bid Interest Period, as the case may be, applicable thereto; it being understood that the provisions of this Agreement relating to such funding are included only for the purpose of determining the rate of interest to be paid in respect of such Eurodollar Advance, Core Currency Euro Advance or Bid Loan, as the case may be, and any amounts owing under Sections 3.4 and 3.6. Each Lender shall be entitled to fund and maintain its funding of all or any part of each Eurodollar Advance, each Core Currency Euro Advance and each Bid Loan, as the case may be, in any manner it sees fit, but all such determinations under Sections 3.4 and 3.6 shall be made as if each Lender had actually funded and maintained its Commitment Percentage of each such Eurodollar Advance or such Core Currency Euro Advance, or the amount of its Bid Loan, as the case may be, during the applicable Euro Interest Period or Bid Interest Period, as the case may be, through the purchase of deposits in an amount equal to the amount of its Commitment Percentage of such Eurodollar Advance or such Core Currency Euro Advance, or the amount of its Bid Loan, as the case may be, having a maturity corresponding to such Euro Interest Period or Bid Interest Period, as the case may be. Any Lender may fund its Commitment Percentage of each Eurodollar Advance or Core Currency Euro Advance, or each Bid Loan, as the case may be, from or for the account of any branch, office, affiliate, or correspondent bank of such Lender as such Lender may choose from time to time.

Option to Fund. Each Lender has indicated that, if any the Borrower requests a Eurodollar Advance or a Core Currency Euro Advance, or such Lender makes a Competitive Bid Loan to any the Borrower, as the case may be, such Lender may wish to purchase one or more deposits in order to fund or maintain its funding of its Commitment Percentage of such Eurodollar Advance or Core Currency Euro Advance or its Competitive Bid LoanLoans, as the case may be, during the Euro Interest Period or Bid Interest Period, as the case may be, applicable with respect thereto; it being understood that the provisions of this Agreement relating to such funding are included only for the purpose of determining the rate of interest to be paid in respect of such Eurodollar Advance, Core Currency Euro Advance or Bid Loan, as the case may be, and any amounts owing under Sections 3.4 3.5 and 3.63.7. Each Lender shall be entitled to fund and maintain its funding of all or any part of each Eurodollar Advance, each Core Currency Euro Advance and each Competitive Bid Loan, as the case may be, Loan in any manner it sees fit, but all such determinations under Sections 3.4 Section 3.5 and 3.6 3.7 shall be made as if each Lender had actually funded and maintained its Commitment Percentage of each such Eurodollar Advance or such Core Currency Euro Advance, or the amount of its Competitive Bid LoanLoans, as the case may be, during the applicable Euro Interest Period or Bid Interest Period, as the case may be, through the purchase of deposits in an amount equal to the amount of its Commitment Percentage of such Eurodollar Advance or such Core Currency Euro Advance, or the amount of its Competitive Bid LoanLoans, as the case may be, having a maturity corresponding to such Euro Interest Period or Bid Interest Period, as the case may be. Any Lender may fund its Commitment Percentage of each Eurodollar Advance or Core Currency Euro Advance, or each its Competitive Bid LoanLoans, as the case may be, from or for the account of any branch, office, affiliate, branch or correspondent bank office of such Lender as such Lender may choose from time to time.

Option to Fund. Each Lender has indicated that, if any the Borrower requests a Eurodollar Advance or a Core Currency Euro Advance, or such Lender makes a Competitive Bid Loan to any the Borrower, as the case may be, such Lender may wish to purchase one or more deposits in order to fund or maintain its funding of its Commitment Percentage of such Eurodollar Advance or Core Currency Euro Advance or its Competitive Bid Loan, as the case may be, during the Euro Interest Period or Bid Interest Period, as the case may be, applicable thereto; it being understood that the provisions of this Agreement relating to such funding are included only for the purpose of determining the rate of interest to be paid in respect of such Eurodollar Advance, Core Currency Euro Advance or Competitive Bid Loan, as the case may be, and any amounts owing under Sections 3.4 3.5 and 3.63.7. Each Lender shall be entitled to fund and maintain its funding of all or any part of each Eurodollar Advance, each Core Currency Euro Advance and each Competitive Bid Loan, as the case may be, in any manner it sees fit, but all such determinations under Sections 3.4 3.5 and 3.6 3.7 shall be made as if each Lender had actually funded and maintained its Commitment Percentage of each such Eurodollar Advance or such Core Currency Euro Advance, or the amount of its Competitive Bid Loan, as the case may be, during the applicable Euro Interest Period or Bid Interest Period, as the case may be, through the purchase of deposits in an amount equal to the amount of its Commitment Percentage of such Eurodollar Advance or such Core Currency Euro Advance, or the amount of its Competitive Bid Loan, as the case may be, having a maturity corresponding to such Euro Interest Period or Bid Interest Period, as the case may be. Any Lender may fund its Commitment Percentage of each Eurodollar Advance or Core Currency Euro Advance, or each its Competitive Bid Loan, as the case may be, from or for the account of any branch, office, affiliate, branch or correspondent bank office of such Lender as such Lender may choose from time to time.

Option to Fund. Each Lender (including the Swing Line Lender) has indicated that, if any the Borrower requests a Eurodollar Advance or a Core Currency Euro Advance, or such Lender makes a Competitive Bid Loan to any the Borrower or the Swing Line Lender makes a Swing Line Negotiated Rate Advance to the Borrower, as the case may be, such Lender may wish to purchase one or more deposits in order to fund or maintain its funding of its Commitment Percentage of such Eurodollar Advance Advance, its Competitive Bid Loans or Core Currency Euro Advance or its Bid LoanSwing Line Negotiated Rate Advances, as the case may be, during the Euro Interest Period or Bid Interest Period, as the case may be, applicable thereto; it being understood that the provisions of this Agreement relating to such funding are included only for the purpose of determining the rate of interest to be paid in respect of such Eurodollar Advance, Core Currency Euro Advance or Competitive Bid LoanLoan and Swing Line Negotiated Rate Advance, as the case may be, and any amounts owing under Sections 3.4 3.5 and 3.63.7. Each Lender shall be entitled to fund and maintain its funding of all or any part of each Eurodollar Advance, each Core Currency Euro Advance and each Competitive Bid LoanLoan or Swing Line Negotiated Rate Advance, as the case may be, in any manner it sees fit, but all such determinations under Sections 3.4 3.5 and 3.6 3.7 shall be made as if each Lender had actually funded and maintained its Commitment Percentage of each such Eurodollar Advance or such Core Currency Euro Advance, or the amount of each of its Competitive Bid LoanLoans or Swing Line Negotiated Rate Advances, as the case may be, during the applicable Euro Interest Period or Bid Interest Period, as the case may be, through the purchase of deposits in an amount equal to the amount of its Commitment Percentage of such Eurodollar Advance or such Core Currency Euro Advance, or the amount of its Competitive Bid LoanLoan or Swing Line Negotiated Rate Advance, as the case may be, having a maturity corresponding to such Euro Interest Period or Bid Interest Period, as the case may be. Any Lender may fund its Commitment Percentage of each Eurodollar Advance or Core Currency Euro Advance, Competitive Bid Loan or each Bid LoanSwing Line Negotiated Rate Advance, as the case may be, from or for the account of any branch, office, affiliate, branch or correspondent bank office of such Lender as such Lender may choose from time to time.

Option to Fund. Each Lender (including the Swing Line Lender) has indicated that, if any the Borrower requests a Eurodollar Advance, Alternate Currency Euro Advance or a Core Currency Euro Swing Line Negotiated Rate Advance, or such Lender makes a Bid Loan to any Borrower, as the case may be, such Lender may wish to purchase one or more deposits in order to fund or maintain its funding of its Commitment Percentage of such Eurodollar Advance or Core Advance, Alternate Currency Euro Advance or its Bid Loansuch Swing Line Negotiated Rate Advance, as the case may be, during the Euro Interest Period or Bid Interest Period, as the case may be, applicable with respect thereto; it being understood that the provisions of this Agreement relating to such funding are included only for the purpose of determining the rate of interest to be paid in respect of such Eurodollar Advance, Core Alternate Currency Euro Advance or Bid LoanSwing Line Negotiated Rate Advance, as the case may be, and any amounts owing under Sections 3.4 3.5 and 3.63.7. Each Lender (including the Swing Line Lender) shall be entitled to fund and maintain its funding of all or any part of each Eurodollar Advance, each Core Alternate Currency Euro Advance and each Bid Loanor Swing Line Negotiated Rate Advance, as the case may be, in any manner it sees fit, but all such determinations under Sections 3.4 and 3.6 hereunder shall be made as if each Lender had actually funded and maintained its Commitment Percentage of each such Eurodollar Advance or such Core Advance, Alternate Currency Euro Advance and the Swing Line Lender had actually funded and maintained each Swing Line Negotiated Rate Advance, or the amount of its Bid Loan, as the case may be, during the applicable Euro Interest Period or Bid Interest Period, as the case may be, through the purchase of deposits in an amount equal to the amount of its Commitment Percentage of such Eurodollar Advance or such Core Currency Euro Advance, or the amount of Alternate Currency Euro Advance or its Bid LoanSwing Line Negotiated Rate Advance, as the case may be, having a maturity corresponding to such Euro Interest Period or Bid Interest Period, as the case may be. Any Lender may fund its Commitment Percentage of each Eurodollar Advance or Core Alternate Currency Euro Advance, or each Bid Advance and the Swing Line Lender may fund a Swing Line Loan, as the case may be, from or for the account of any branch, office, affiliate, branch or correspondent bank office of such Lender or the Swing Line Lender, as the case may be, as such Lender or the Swing Line Lender, as the case may be, may choose from time to time.