Break Funding Costs. In the event that, on any date specified for the making of an Advance in any Drawdown Notice, the Lenders shall not be obliged under this Agreement to make such Advance available under this Agreement, the Borrower shall indemnify and hold the Lenders or any of them, fully harmless against any losses which they may sustain as a result of borrowing or agreeing to borrow funds to meet the drawdown requirement in respect thereof and the certificate of such Lender, absent manifest error, shall be conclusive and binding on the Borrower as to the extent of any such losses.
Appears in 4 contracts
Samples: Senior Secured Revolving Credit Facility (Seacor Holdings Inc /New/), Revolving Credit Facility (Seacor Holdings Inc /New/), Revolving Credit Facility Agreement (Seacor Smit Inc)
Break Funding Costs. In the event that, on any date specified for the making of an Advance in any Drawdown Notice, the Lenders shall not be obliged under this Agreement to make such Advance advance available under this Agreement, the Borrower Borrowers shall indemnify and hold the Lenders Lenders, or any of them, fully harmless against any losses which they the Lenders, or any of them, may sustain as a result of borrowing or agreeing to borrow funds to meet the drawdown requirement in respect thereof and the certificate of such LenderLender or Lenders shall, absent manifest error, shall be conclusive and binding on the Borrower Borrowers as to the extent of any such losses.
Appears in 1 contract
