Compensation for Breakage Costs. The Borrowers shall pay to the Lenders or any thereof, upon the request of any thereof, such amount or amounts as shall be sufficient (in the reasonable opinion of the relevant Lenders) to compensate them for any loss, cost or expense incurred by them as a result of: (a) any payment or prepayment (including any such prepayment made pursuant to Sections 5.1, 5.2, 5.3 and 8.1) of the Loan on a date other than the last day of an Interest Period; or (b) any failure by the Borrowers to borrow (including without limitation any such failure resulting from a condition precedent set forth in Section 4) or prepay the Loan held by any Lender on the date for such borrowing or prepayment specified in the relevant request for such Loan or notice of prepayment delivered under Sections 3.2 or 5.2, respectively; such compensation to include, without limitation, an amount equal to the excess, if any, of (i) the amount of interest which would have accrued on the principal amount so paid, prepaid or not borrowed for the period from the date of such payment, prepayment or failure to borrow to the last day of the then current Interest Period for the Loan or, in the case of a failure to borrow, the Interest Period for the Loan which would have commenced on the date of such failure to borrow, in each case at the applicable rate of interest for the Loan provided for herein over (ii) the amount of interest which otherwise would have accrued on such principal amount at a rate per annum equal to the interest component (as reasonably determined by the relevant Lenders) of the amount (as reasonably determined by such Lenders) the Lenders would have bid in the Eurocurrency market for Dollar deposits of amounts comparable to such principal amount and maturities comparable to such Interest Period. Any certification of a relevant Lender shall, absent manifest error, be conclusive.
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Compensation for Breakage Costs. The Borrowers shall pay to the Lenders Banks, Participants or any thereof, upon the request of any thereof, thereof such amount or amounts as shall be sufficient (in the reasonable opinion of the relevant LendersBanks and/or Participants) to compensate them for any loss, cost or expense incurred by them as a result of:
: (a) any payment or prepayment (including any such prepayment made pursuant to Sections 5.1, 5.2, 5.3 4.2 and 8.19.1) of the Loan an Advance on a date other than the last day of an Interest PeriodPeriod for such Advance; or
or (b) any failure by the Borrowers to borrow (including without limitation any such failure resulting from a condition precedent set forth in Section 43) or prepay the Loan an Advance held by any Lender Banks and/or Participants on the date for such borrowing or prepayment specified in the relevant request for such Loan Advance or notice of prepayment delivered under Sections 3.2 2.2 or 5.24.2, respectively; such compensation to include, without limitation, an amount equal to the excess, if any, of (i) the amount of interest which would have accrued on the principal amount so paid, prepaid or not borrowed for the period from the date of such payment, prepayment or failure to borrow to the last day of the then current Interest Period for the Loan such Advance or, in the case of a failure to borrow, the Interest Period for the Loan such Advance which would have commenced on the date of such failure to borrow, in each case at the applicable rate of interest for the Loan such Advance provided for herein over (ii) the amount of interest which otherwise would have accrued on such principal amount at a rate per annum equal to the interest component (as reasonably determined by the relevant LendersBanks and/or Participants) of the amount (as reasonably determined by such LendersBanks and/or Participants) the Lenders Banks and/or Participants would have bid in the Eurocurrency market for Dollar deposits of amounts comparable to such principal amount and maturities comparable to such Interest Period. Any certification of a relevant Lender Bank or Participant shall, absent manifest error, be conclusiveconclusive and binding on the Borrowers as to the extent of any such losses.
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Compensation for Breakage Costs. The Borrowers shall pay to the Lenders Lenders, Participants or any thereof, upon the request of any thereof, thereof such amount or amounts as shall be sufficient (in the reasonable opinion of the relevant LendersLenders and/or Participants) to compensate them for any loss, cost or expense incurred by them as a result of:
(a) : any payment or prepayment (including any such prepayment made pursuant to Sections 5.12.10, 5.2, 5.3 4.2 and 8.111.1) of the Loan Advances on a date other than the last day of an Interest Period; or
(b) or any failure by the Borrowers to borrow (including without limitation any such failure resulting from a condition precedent set forth in Section 43) or prepay the Loan Advances held by any Lender Lenders and/or Participants on the date for such borrowing or prepayment specified in the relevant request for such Loan Advance or notice of prepayment delivered under Sections 3.2 2.2 or 5.24.2, respectively; such compensation to include, without limitation, an amount equal to the excess, if any, of (i) the amount of interest which would have accrued on the principal amount so paid, prepaid or not borrowed for the period from the date of such payment, prepayment or failure to borrow to the last day of the then current Interest Period for the Loan such Advance or, in the case of a failure to borrow, the Interest Period for the Loan such Advance which would have commenced on the date of such failure to borrow, in each case at the applicable rate of interest for the Loan such Advance provided for herein over (ii) the amount of interest which otherwise would have accrued on such principal amount at a rate per annum equal to the interest component (as reasonably determined by the relevant LendersLenders and/or Participants) of the amount (as reasonably determined by such LendersLenders and/or Participants) the Lenders and/or Participants would have bid in the Eurocurrency market for Dollar deposits of amounts comparable to such principal amount and maturities comparable to such Interest Period. Any certification of a relevant Lender or Participant shall, absent manifest error, be conclusiveconclusive and binding on the Borrowers as to the extent of any such losses.
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Compensation for Breakage Costs. The Borrowers Borrower shall pay to the Lenders Lenders, Participants or any thereof, upon the request of any thereof, thereof such amount or amounts as shall be sufficient (in the reasonable opinion of the relevant LendersLenders and/or Participants) to compensate them for any loss, cost or expense incurred by them as a result of:
(a) any payment or prepayment (including any such prepayment made pursuant to Sections 5.14.1, 5.2, 5.3 4.2 and 8.112.1) of the Loan an Advance on a date other than the last day of an the relevant Interest Period; or
(b) any failure by the Borrowers Borrower to borrow (including without limitation any such failure resulting from a condition precedent set forth in Section 43) or prepay the Loan Facility Balance held by any Lender Lenders and/or Participants on the date for such borrowing or prepayment specified in the relevant request for such Loan Advance or notice of prepayment delivered under Sections 3.2 2.2 or 5.24.1, respectively; such compensation to include, without limitation, an amount equal to the excess, if any, of (i) the amount of interest which would have accrued on the principal amount so paid, prepaid or not borrowed for the period from the date of such payment, prepayment or failure to borrow to the last day of the then current Interest Period for the Loan such Advance or, in the case of a failure to borrow, the Interest Period for the Loan such Advance which would have commenced on the date of such failure to borrow, in each case at the applicable rate of interest for the Loan such Advance provided for herein over (ii) the amount of interest which otherwise would have accrued on such principal amount at a rate per annum equal to the interest component (as reasonably determined by the relevant LendersLenders and/or Participants) of the amount (as reasonably determined by such LendersLenders and/or Participants) the Lenders and/or Participants would have bid in the Eurocurrency market for Dollar deposits of amounts comparable to such principal amount and maturities comparable to such Interest Period. Any certification of a relevant Lender or Participant shall, absent manifest demonstrative error, be conclusiveconclusive and binding on the Borrower as to the extent of any such losses.
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Samples: Senior Secured Revolving Credit Facility Agreement (OSG America L.P.)
Compensation for Breakage Costs. The Borrowers Borrower shall pay to the Lenders or any thereof, upon the request of any thereof, such amount or amounts as shall be sufficient (in the reasonable opinion of the relevant Lenders) to compensate them for any loss, cost or expense incurred by them as a result of:
(a) any payment or prepayment (including any such prepayment made pursuant to Sections 5.1, 5.2, 5.3 and 8.1) of the Loan Advance on a date other than the last day of an Interest Period; or
(b) any failure by the Borrowers Borrower to borrow (including without limitation any such failure resulting from a condition precedent set forth in Section 4) or prepay the Loan Advance held by any Lender Lenders on the date for such borrowing or prepayment specified in the relevant request for such Loan Advance or notice of prepayment delivered under Sections 3.2 or 5.2, respectively; such compensation to include, without limitation, an amount equal to the excess, if any, of (i) the amount of interest which would have accrued on the principal amount so paid, prepaid or not borrowed for the period from the date of such payment, prepayment or failure to borrow to the last day of the then current Interest Period for the Loan such Advance or, in the case of a failure to borrow, the Interest Period for the Loan such Advance which would have commenced on the date of such failure to borrow, in each case at the applicable rate of interest for the Loan such Advance provided for herein over (ii) the amount of interest which otherwise would have accrued on such principal amount at a rate per annum equal to the interest component (as reasonably determined by the relevant Lenders) of the amount (as reasonably determined by such Lenders) the Lenders would have bid in the Eurocurrency market for Dollar deposits of amounts comparable to such principal amount and maturities comparable to such Interest Period. Any certification of a relevant Lender shall, absent manifest error, be conclusive.
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Compensation for Breakage Costs. The Borrowers shall pay to the Lenders or any thereofBanks, upon the request of any thereof, the Banks such amount or amounts as shall be sufficient (in the reasonable opinion of the relevant LendersBanks) to compensate them for any loss, cost or expense incurred by them it as a result of:
(a) any payment payment, prepayment or prepayment conversion (including any such prepayment or conversion made pursuant to Sections 5.1, 5.2, 5.3 4.2 and 8.19.1) of the Loan a LIBOR Rate Advance on a date other than the last day of an Interest PeriodPeriod for such LIBOR Rate Advance; or
(b) any failure by the Borrowers to borrow (including without limitation any such failure resulting from a condition precedent set forth in Section 4) 3), convert or prepay the Loan a LIBOR Rate Advance held by any Lender the Banks on the date for such borrowing borrowing, conversion or prepayment specified in the relevant request for such Loan or LIBOR Rate Advance, notice of prepayment or Notice of Conversion or Continuation delivered under Sections 3.2 2.2, 4.2 or 5.24.3 hereof, respectively; such compensation to include, without limitation, an amount equal to the excess, if any, of (i) the amount of interest which would have accrued on the principal amount so paid, prepaid or converted or not borrowed for the period from the date of such payment, prepayment or conversion or failure to borrow to the last day of the then current Interest Period for the Loan such LIBOR Rate Advance or, in the case of a failure to borrow, the Interest Period for the Loan such LIBOR Rate Advance which would have commenced on the date of such failure to borrow, in each case ) at the applicable rate of interest for the Loan such LIBOR Rate Advance provided for herein over (ii) the amount of interest which otherwise would have accrued on such principal amount at a rate per annum equal to the interest component (as reasonably determined by the relevant LendersBanks) of the amount (as reasonably determined by such Lendersthe Banks) the Lenders Banks would have bid in the Eurocurrency market for Dollar deposits of amounts comparable to such principal amount and maturities comparable to such Interest Period. Any certification of a relevant Lender shall, absent manifest error, be conclusive.
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