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 as a result of: (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 15 contracts

Samples: Revolving Credit Agreement (Northwest Airlines Corp), Revolving Credit Agreement (Northwest Airlines Inc /Mn), Revolving Credit Agreement (Northwest Airlines Inc /Mn)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!