Common use of BROKEN PERIODS Clause in Contracts

BROKEN PERIODS. If the EUR Agent receives or recovers all or any part of a EUR Revolving Loan otherwise than on the last day of the Term thereof, the EUR Borrower shall pay to the EUR Agent, for the benefit of the Lenders, on demand an amount equal to the amount (if any) by which (a) the additional interest which would have been payable on the amount so received or recovered had it been received or recovered on the last day of that Term exceeds (b) the amount of interest which in the opinion of the EUR Agent would have been payable to the Lenders on the last day of that Term in respect of a deposit in the currency of the amount so received or recovered placed by it with a prime bank in London for a period starting on the third business day following the date of such receipt or recovery and ending on the last day of that Term.

BROKEN PERIODS. If any Bank or the EUR Agent on its behalf receives or recovers all or any part of a EUR Revolving Loan such Bank’s share of an Advance otherwise than on the last day of the Term thereof, the EUR Borrower shall pay to the EUR Agent, for the benefit of the Lenders, Agent on demand for account of such Bank an amount equal to the amount (if any) by which (a) the additional interest which would have been payable on the amount so received or recovered had it been received or recovered on the last day of that the Term thereof exceeds (b) the amount of interest which in the opinion of the EUR Agent would have been payable to the Lenders Agent on the last day of that the Term thereof in respect of a dollar deposit in the currency of equal to the amount so received or recovered placed by it with a prime bank in London for a period starting on the third business day following the date of such receipt or recovery and ending on the last day of that Termthe Term thereof.

BROKEN PERIODS. If any Bank or the EUR Agent on its behalf receives or recovers all or any part of a EUR Revolving Loan such Bank's share of an Advance otherwise than on the last day of the Term thereof, the EUR Borrower shall pay to the EUR Agent, for the benefit of the Lenders, Agent on demand for account of such Bank an amount equal to the amount (if any) by which (a) the additional interest which would have been payable on the amount so received or recovered had it been received or recovered on the last day of that the Term thereof exceeds (b) the amount of interest which in the opinion of the EUR Agent would have been payable to the Lenders Agent on the last day of that the Term thereof in respect of a dollar deposit in the currency of equal to the amount so received or recovered placed by it with a prime bank in London for a period starting on the third business day following the date of such receipt or recovery and ending on the last day of that Termthe Term thereof.