Common use of Funding Loss Indemnification Clause in Contracts

Funding Loss Indemnification. The Borrower shall pay to the ---------------------------- Liquidity Provider, upon the request of the Liquidity Provider, such amount or amounts as shall be sufficient (in the reasonable opinion of the Liquidity Provider) to compensate it for any loss, cost, or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by the Liquidity Provider to fund or maintain any LIBOR Advance (but excluding loss of anticipated profits) incurred as a result of: [Revolving Credit Agreement] (1) Any repayment of a LIBOR Advance on a date other than the last day of the Interest Period for such Advance; or (2) Any failure by the Borrower to borrow a LIBOR Advance on the date for borrowing specified in the relevant notice under Section 2.02.

Appears in 5 contracts

Samples: Revolving Credit Agreement (United Air Lines Inc), Revolving Credit Agreement (United Air Lines Inc), Revolving Credit Agreement (United Air Lines Inc)

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Funding Loss Indemnification. The Borrower shall pay to the ---------------------------- Liquidity Provider, upon the request of the Liquidity Provider, such amount or amounts as shall be sufficient (in the reasonable opinion of the Liquidity Provider) to compensate it for any loss, cost, or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by the Liquidity Provider to fund or maintain any LIBOR Advance (but excluding loss of anticipated profits) incurred as a result of: [Revolving Credit Agreement]: (1) Any repayment of a LIBOR Advance or conversion of a LIBOR Advance to a Base Rate Advance on a date other than the last day of the Interest Period for such Advance; or (2) Any failure by the Borrower to borrow a LIBOR Advance on the date for borrowing specified in the relevant notice under Section 2.02.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Us Airways Inc), Revolving Credit Agreement (Us Airways Inc), Revolving Credit Agreement (Us Airways Inc)

Funding Loss Indemnification. The Borrower shall pay to the ---------------------------- Liquidity Provider, upon the request of the Liquidity Provider, such amount or amounts as shall be sufficient (in the reasonable opinion of the Liquidity Provider) to compensate it for any loss, cost, or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by the Liquidity Provider to fund or maintain any LIBOR Advance (but excluding loss of anticipated profits) incurred as a result of: [Revolving Credit Agreement]: (1) Any repayment of a LIBOR Advance, or any conversion of a LIBOR Advance to a Base Rate Advance, on a date other than the last day of the Interest Period for such Advance; or (2) Any failure by the Borrower to borrow a LIBOR Advance on the date for borrowing specified in the relevant notice under Section 2.02.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Continental Airlines Inc /De/), Revolving Credit Agreement (Continental Airlines Inc /De/), Revolving Credit Agreement (Continental Airlines Inc /De/)

Funding Loss Indemnification. The Borrower shall pay to the ---------------------------- Primary Liquidity Provider, upon the request of the Primary Liquidity Provider, such amount or amounts as shall be sufficient (in the reasonable opinion of the Primary Liquidity Provider) to compensate it for any loss, cost, cost or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by the Primary Liquidity Provider to fund or maintain any LIBOR Advance (but excluding loss of the Applicable Margin or anticipated profits) incurred as a result of: [Revolving Credit Agreement]: (1) Any repayment of a LIBOR Advance on a date other than the last day of the Interest Period for such Advance; or (2) Any failure by the Borrower to borrow a LIBOR Advance on the date for borrowing specified in the relevant notice under Section 2.02.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Delta Air Lines Inc /De/), Revolving Credit Agreement (American Airlines Inc)

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Funding Loss Indemnification. The Subject to Sections 2.07 and 2.09 hereof, the Borrower shall pay to the ---------------------------- Liquidity Provider, upon the request of the Liquidity Provider, such amount or amounts as shall be sufficient (in the reasonable opinion of the Liquidity Provider) to compensate it for any loss, cost, or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by the Liquidity Provider to fund or maintain any LIBOR Advance (but excluding loss of anticipated profits) incurred as a result of: [Revolving Credit Agreement]: (1) Any repayment of a LIBOR Advance on a date other than the last day of the Interest Period for such Advance; oror Revolving Credit Agreement (2) Any failure by the Borrower to borrow a LIBOR Advance on the date for borrowing specified in the relevant notice under Section 2.02.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Airlines Inc)

Funding Loss Indemnification. The Borrower shall pay to the ---------------------------- Liquidity Provider, upon the request of the Liquidity Provider, such amount or amounts as shall be sufficient (in the reasonable opinion of the Liquidity Provider) to compensate it for any loss, cost, cost or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by the Liquidity Provider to fund or maintain any LIBOR LIBORSOFR Advance (but excluding loss of the Applicable Margin or anticipated profits) incurred as a result of: [Revolving Credit Agreement]: (1) Any repayment of a LIBOR LIBORSOFR Advance on a date other than the last day of the Interest Period for such Advance; or (2) Any failure by the Borrower to borrow a LIBOR LIBORSOFR Advance on the date for borrowing specified in the relevant notice under Section 2.02.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fedex Corp)

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