Common use of Option to Fund Clause in Contracts

Option to Fund. The Banks shall each have the option if Borrowers elect a Eurodollar Loan, to purchase one or more deposits in order to fund or maintain its funding of the principal balance of its Note to which such Eurodollar Loan is applicable during the Interest Period in question; 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 under such Eurodollar Loan and any amounts owing hereunder and under the Notes. Any Bank shall be entitled to fund and maintain its funding of all or any part of that portion of the principal balance of the Notes in any manner it sees fit, but all such determinations hereunder shall be made as if such Bank have actually funded and maintained that portion of the principal balance of the Notes to which a Eurodollar Loan is applicable during the applicable Interest Period through the purchase of deposits in an amount equal to the principal balance of the Notes to which such Eurodollar Loan is applicable and having a maturity corresponding to such Interest Period. Any Bank may fund the outstanding principal balance of the Notes which is to be subject to any Eurodollar Loan from any branch or office of such Bank as any Bank may designate from time to time.

Option to Fund. The Banks Bank shall each have the option if Borrowers the Borrower elect a Eurodollar Fixed Rate Loan, to purchase one or more deposits in order to fund or maintain its funding of the principal balance of its the Note to which such Eurodollar Fixed Rate Loan is applicable during the Interest Period in question; 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 under such Eurodollar Fixed Rate Loan and any amounts owing hereunder and under the NotesNote. Any The Bank shall be entitled to fund and maintain its funding of all or any part of that portion of the principal balance of the Notes Note in any manner it sees fit, but all such determinations hereunder shall be made as if such the Bank have actually funded and maintained that portion of the principal balance of the Notes Note to which a Eurodollar Fixed Rate Loan is applicable during the applicable Interest Period through the purchase of deposits in an amount equal to the principal balance of the Notes Note to which such Eurodollar Fixed Rate Loan is applicable and having a maturity corresponding to such Interest Period. Any The Bank may fund the outstanding principal balance of the Notes Note which is to be subject to any Eurodollar Fixed Rate Loan from any branch or office of such the Bank as any the Bank may designate from time to time.

Option to Fund. The Banks Bank shall each have the option if Borrowers elect Borrower elects a Eurodollar -------------- Loan, to purchase one or more deposits in order to fund or maintain its funding of the principal balance of its a Note to which such Eurodollar Loan is applicable during the Eurodollar Interest Period in question; 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 under such Eurodollar Loan and any amounts owing hereunder and under the Noteshereunder. Any Bank shall be entitled to fund and maintain its funding of all or any part of that portion of the principal balance of the Notes either Note in any manner it sees fit, but all such determinations hereunder shall be made as if such Bank have actually funded and maintained that portion of the principal balance of the Notes either Note to which a Eurodollar Loan is applicable during the applicable Eurodollar Interest Period through the purchase of deposits in an amount equal to the principal balance of the Notes Note to which such Eurodollar Loan is applicable and having a maturity corresponding to such Eurodollar Interest Period. Any Bank may fund the outstanding principal balance of the Notes either Note which is to be subject to any Eurodollar Loan from any branch or office of such Bank as any Bank may designate from time to time.

Option to Fund. The Banks shall each have the option if Borrowers elect Borrower elects a Eurodollar Loan, to purchase one or more deposits in order to fund or maintain its funding of the principal balance of its Note to which such Eurodollar Loan is applicable during the Interest Period in question; 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 under such Eurodollar Loan and any amounts owing hereunder and under the Notes. Any Bank shall be entitled to fund and maintain its funding of all or any part of that portion of the principal balance of the Notes in any manner it sees fit, but all such determinations hereunder shall be made as if such Bank have actually funded and maintained that portion of the principal balance of the Notes to which a Eurodollar Loan is applicable during the applicable Interest Period through the purchase of deposits in an amount equal to the principal balance of the Notes to which such Eurodollar Loan is applicable and having a maturity corresponding to such Interest Period. Any Bank may fund the outstanding principal balance of the Notes which is to be subject to any Eurodollar Loan from any branch or office of such Bank as any Bank may designate from time to time.

Option to Fund. The Banks shall each have the option if Borrowers elect the Borrower elects a Eurodollar Loan, to purchase one or more deposits in order to fund or maintain its funding of the principal balance of its Note to which such Eurodollar Loan is applicable during the Interest Period in question; 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 under such Eurodollar Loan and any amounts owing hereunder and under the Notes. Any Bank shall be entitled to fund and maintain its funding of all or any part of that portion of the principal balance of the Notes in any manner it sees fit, but all such determinations hereunder shall be made as if such Bank have actually funded and maintained that portion of the principal balance of the Notes to which a Eurodollar Loan is applicable during the applicable Interest Period through the purchase of deposits in an amount equal to the principal balance of the Notes to which such Eurodollar Loan is applicable and having a maturity corresponding to such Interest Period. Any Bank may fund the outstanding principal balance of the Notes which is to be subject to any Eurodollar Loan from any branch or office of such Bank as any Bank may designate from time to time.