Common use of Lending Branch Clause in Contracts

Lending Branch. The Bank may, at its option, elect to make, fund or maintain Portions of the Loans hereunder at such of its branches or offices as the Bank may from time to time elect. To the extent reasonably possible, the Bank shall designate an alternate branch or funding office with respect to the LIBOR Portions to reduce any liability of the Borrower to the Bank under Section 8.3 hereof or to avoid the unavailability of an interest rate option under Section 8.2 hereof, so long as such designation is not otherwise disadvantageous to the Bank.

Appears in 2 contracts

Sources: Credit Agreement (Cleveland Cliffs Inc), Credit Agreement (Cleveland Cliffs Inc)

Lending Branch. The Bank may, at its option, elect to make, fund or maintain Portions of the Loans hereunder at such of its branches or offices as the Bank may from time to time elect. To the extent reasonably possible, the Bank shall designate an alternate branch or funding office with respect to the LIBOR Portions to reduce any liability of the Borrower to the Bank under Section 8.3 2.7 hereof or to avoid the unavailability of an interest rate option under Section 8.2 2.6 hereof, so long as such designation is not otherwise disadvantageous to the Bank.

Appears in 2 contracts

Sources: Credit Agreement (Diamond Management & Technology Consultants, Inc.), Credit Agreement (Diamond Management & Technology Consultants, Inc.)

Lending Branch. The Bank may, at its option, elect to make, fund or maintain Portions of the Loans hereunder at such of its branches or offices as the Bank may from time to time elect. To the extent reasonably possible, the Bank shall designate an alternate branch or funding office with respect to the LIBOR Portions to reduce any liability of the relevant Borrower to the Bank under Section 8.3 2.7 hereof or to avoid the unavailability of an interest rate option under Section 8.2 2.6 hereof, so long as such designation is not otherwise disadvantageous to the Bank.

Appears in 1 contract

Sources: Credit Agreement (Midwest Banc Holdings Inc)