Compensation for Breakage and Other Costs Sample Clauses

Compensation for Breakage and Other Costs. In the event that (i) a drawing is made under an LC Facility Letter of Credit or Synthetic Letter of Credit, (ii) an LC Facility Letter of Credit is cancelled or (iii) the face amount of an LC Facility Letter of Credit is reduced, in each case on a date other than the last day of an interest period or period of investment with respect to the Lender Deposits relating to such Letter of Credit, Borrower shall compensate Administrative Agent, upon written request by Administrative Agent pursuant to subsection 2.8, for all reasonable losses, expenses and liabilities (including any interest paid by Administrative Agent to lenders of funds borrowed by it to make or carry any payments to an Issuing Lender while any investments with respect to a Lender Deposit were being liquidated) that the Administrative Agent may sustain as a result of such event. In addition, Borrower shall pay to Administrative Agent from time to time upon demand the Administrative Agent’s actual and reasonable administrative costs for investing the Lender Deposits. Without limiting the obligations of the Lenders under subsection 9.4 of this Agreement, and without limiting the obligations of Borrower under this paragraph, all amounts payable by Borrower under this paragraph shall be indemnified by the holders of the affected Lender Deposits in proportion to the amount of their respective affected Lender Deposits to the extent not paid by Borrower.
Sample 1
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Compensation for Breakage and Other Costs. In the event that (i) a drawing is made under an LC Facility Letter of Credit or Synthetic Letter of Credit, (ii) an LC Facility Letter of Credit is cancelled or (iii) the face amount of an LC Facility Letter of Credit is reduced, in each case on a date other than the last day of an interest period or period of investment with respect to the Lender Deposits relating to such Letter of Credit, Borrower shall compensate Administrative Agent, upon written request by Administrative Agent pursuant to subsection 2.8, for all reasonable losses, expenses and liabilities (including any interest paid by Administrative Agent to lenders of funds borrowed by it to make or carry any payments to an Issuing Lender while any investments with respect to a Lender Deposit were being liquidated) that Administrative Agent may sustain as a result of such event. Without limiting the foregoing, if any Lender Deposits previously withdrawn as provided herein shall be subsequently reimbursed by Borrower or any other Loan Party other than on the last day of a period of investment with respect to the Lender Deposits, Administrative Agent shall invest the amount so reimbursed in overnight or short-term cash equivalent investments until the end of such period of investment and Borrower shall pay to Administrative Agent, upon Administrative Agent’s request therefor, the amount, if any, by which the interest accrued on a like amount of the Lender Deposits at the Adjusted LIBOR Rate for such period of investment shall exceed the interest earned through the investment of the amount so reimbursed for the period from the date of such reimbursement through the end of such period of investment, as determined by Administrative Agent (such determination to be conclusive absent manifest error) and set forth in the request for payment delivered to Borrower. If Borrower shall fail to pay an amount due under the preceding sentence, the interest payable by Administrative Agent to the applicable Lenders on their Lender Deposits under subsection 3.6B shall be correspondingly reduced and each such Lender shall without further act succeed, ratably in accordance with its Pro Rata Share, to the rights of Administrative Agent with respect to such amount. In addition, Borrower shall pay to Administrative Agent from time to time upon demand Administrative Agent’s actual and reasonable administrative costs for investing the Lender Deposits. Without limiting the obligations of the Lenders under subsection 9.4 of t...
Sample 1

Related to Compensation for Breakage and Other Costs

  • COMPENSATION AND OTHER FEES As compensation for the services provided by Xxxxxx xxxxxxxxx, the Company agrees to pay to Xxxxxx:

  • Servicing and Other Compensation The Servicer, as compensation for its activities hereunder, shall be entitled to receive, on or prior to each Distribution Date, the amounts provided for as the Servicing Fee and as reimbursement for Nonrecoverable Advances, Servicing Advances and reimbursement for Advances, all as specified by Section 5.09. The amount of compensation or reimbursement provided for shall be accounted for on a Mortgage Loan-by-Mortgage Loan basis. Additional servicing compensation in the form of assumption fees, prepayment fees and late payment charges shall be retained by the Servicer, to the extent permitted by applicable law. The Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder (including the fees and expenses of the Trustee and any Sub-Servicer) and shall not be entitled to reimbursement therefor except as specifically provided in Sections 5.09 and 5.21.

  • Fees and Other Charges (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each Fee Payment Date after the issuance date. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each Fee Payment Date after the issuance date.

  • Attorneys’ Fees and Other Costs If either party breaches this Agreement, or if a dispute arises between the parties based on or involving this Agreement, the party that prevails in the resolution of such dispute is entitled to recover from the other party its reasonable attorneys’ fees, court costs, and expenses incurred in enforcing such rights or resolving such dispute. For purposes of this Section 10.11, the finder of fact shall be requested to answer affirmatively as to whether a party “prevailed” in order to recoup attorneys’ fees and other costs pursuant to this Section 10.11.

  • Handling Fees and Other Expenses All fees and out of pocket expenses relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax and any other taxes and fees, shall be borne by Party C.

  • Compensation and Other Benefits Subject to the provisions of this Agreement, the Company shall pay and provide the following compensation and other benefits to the Executive during the Term as compensation for services rendered hereunder:

  • Administrative and Other Fees The Borrower agrees to pay the administrative and other fees of the Administrative Agent as provided in the Fee Letter and as may be otherwise agreed to in writing from time to time by the Borrower and the Administrative Agent.

  • Fees, Expenses and Other Payments (a) Except as otherwise provided in this Section 7.3, whether or not the Merger is consummated, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby (including, without limitation, fees and disbursements of counsel, financial advisors and accountants) shall be borne solely and entirely by the party which has incurred such costs and expenses (with respect to such party, its "Expenses").

  • Legal Fees and Other Expenses The Company will pay all reasonable fees and expenses, if any, (including, without limitation, legal fees and expenses) that are incurred by the Executive to enforce this Agreement and that result from a breach of this Agreement by the Company.

  • Royalties and Other Payments A. For the rights, privileges and exclusive license granted hereunder, Licensee shall pay to CMCC the following amounts in the manner hereinafter provided. Unless expressly stated otherwise in this Agreement, periodic payment obligations listed below shall endure through the Term of this Agreement, unless this Agreement shall be sooner terminated as hereinafter provided.

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