03C Prepayment indemnity Clause Samples
The 03C Prepayment Indemnity clause requires a borrower to compensate the lender for any losses or costs incurred if the borrower repays a loan before its scheduled maturity date. Typically, this clause applies to fixed-rate loans, where early repayment can result in the lender losing expected interest income or incurring breakage costs due to changes in market rates. By including this clause, the agreement discourages premature loan repayment and ensures the lender is protected from financial disadvantages caused by early settlement.
03C Prepayment indemnity. In the case of an Indemnifiable Prepayment Event, the indemnity, if any, shall be determined in accordance with Article 4.02B.
03C Prepayment indemnity. In the case of an lndemnifiable Prepayment Event, the indemnity, if any, shall be determined in accordance with Article 4.02B. If, moreover, pursuant to any provision of Article 4.03A the Borrower prepays a Tranche on a date other than a relevant Payment Date, the Borrower shall indemnify the Bank in such amount as the Bank shall certify is required to compensate it for receipt of funds otherwise than on a relevant Payment Date.
03C Prepayment indemnity. In the case of prepayment upon an event mentioned under Article 4.03A, other than paragraphs 4.03A(1) and 4.03A(2), (each such event herein referred to as an “Indemnifiable Prepayment Event”), the indemnity, if any, shall be determined in accordance with Article 4.02B. If, moreover, pursuant to any provision of Article 4.03B the Borrower prepays a Tranche on a date other than a relevant Payment Date, the Borrower shall indemnify the Bank in such amount as the Bank shall certify is required to compensate it for receipt of funds otherwise than on a relevant Payment Date.
03C Prepayment indemnity. In the case of an Indemnifiable Prepayment Event, the inde- mnity, if any, shall be determined in accordance with Article 4.02B for a Fixed Rate Tranche. Za potrebe ovog članka, »zajam« uključuje bilo kakav zajam, obvezu ili drugi oblik financijskog duga ili bilo koju obvezu plaćanja ili otplate novca. Takav pojam isključuje zaduženost u obliku javno emitiranih obveznica.