Common use of Funding Loss Clause in Contracts

Funding Loss. (a) Notwithstanding anything contained herein to the contrary, if the Borrower shall fail to borrow or convert or continue on a Credit Extension Date or Conversion/Continuation Date after the Borrower shall have given notice to do so in which it shall have requested a Eurodollar Advance pursuant to Section 2.2(a) or 3.3 or if a Eurodollar Advance shall be terminated for any reason (subject to the penultimate sentence of Section 3.3(b)), prior to the last day of the Interest Period applicable thereto, or if, while a Eurodollar Advance is outstanding, any repayment or prepayment of such Eurodollar Advance is made or deemed made for any reason (including, without limitation, as a result of acceleration or illegality) on a date which is prior to the last day of the Interest Period applicable thereto, the Borrower agrees to indemnify each Lender against, and to pay directly to such Lender within ten days after such Lender's demand therefor, any loss or expense suffered by such Lender as a result of such failure to borrow, termination or repayment, including without limitation, an amount, if greater than zero, equal to: A x (B-C) x D --- 360 where: "A" equals such Lender's pro rata share of the Affected Principal Amount;

Appears in 1 contract

Samples: Credit Agreement (Arch Communications Group Inc /De/)

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Funding Loss. (a) Notwithstanding anything contained herein to the contrary, if the Borrower shall fail to borrow or convert or continue on a Credit Extension Date or Conversion/Continuation Date after the Borrower shall have given notice to do so in which it shall have requested a Eurodollar Advance pursuant to Section 2.2(a) or 3.3 or if a Eurodollar Advance shall be terminated for any reason (subject to the penultimate sentence of Section 3.3(b)), prior to the last day of the Interest Period applicable thereto, or if, while a Eurodollar Advance is outstanding, any repayment or prepayment of such Eurodollar Advance is made or deemed made for any reason (including, without limitation, as a result of acceleration or illegality) on a date which is prior to the last day of the Interest Period applicable thereto, the Borrower agrees to indemnify each Lender against, and to pay directly to such Lender within ten days after such Lender's demand therefor, any loss or expense suffered by such Lender as a result of such failure to borrow, termination or repayment, including without limitation, an amount, if greater than zero, equal to: A x (B-C) x D --- 360 where: "A" equals such Lender's pro rata share of the Affected Principal Amount;

Appears in 1 contract

Samples: Credit Agreement (Arch Communications Group Inc /De/)

Funding Loss. (a) Notwithstanding anything contained herein to the contrary, if the Borrower shall fail to borrow or convert or continue on a Credit Extension Date or Conversion/Continuation Date after the Borrower shall have given notice to do so in which it shall have requested a Eurodollar Advance pursuant to Section 2.2(a) or 3.3 or if a Eurodollar Advance shall be terminated for any reason (subject to the penultimate sentence of Section 3.3(b)), prior to the last day of the Interest Period applicable thereto, or if, while a Eurodollar Advance is outstanding, any repayment or prepayment of such Eurodollar Advance is made or deemed made for any reason (including, without limitation, as a result of acceleration or illegality) on a date which is prior to the last day of the Interest Period applicable thereto, the Borrower agrees to indemnify each Lender against, and to pay directly to such Lender within ten days after such Lender's demand therefor, any loss or expense suffered by such Lender as a result of such failure to borrow, termination or repayment, including without limitation, an amount, if greater than zero, equal to: A x (B-C) x D --- - 360 where: "A" equals such Lender's pro rata share of the Affected Principal Amount;

Appears in 1 contract

Samples: Credit Agreement (Arch Wireless Inc)

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Funding Loss. (a) Notwithstanding anything contained herein to the contrary, if the Borrower shall fail to borrow or convert or continue on a Credit Extension Date or Conversion/Continuation Date after the Borrower shall have given notice to do so in which it shall have requested a Eurodollar Advance pursuant to Section 2.2(a) or 3.3 or if a Eurodollar Advance shall be terminated for any reason (subject to the penultimate sentence of Section 3.3(b)), prior to the last day of the Interest Period applicable thereto, or if, while a Eurodollar Advance is outstanding, any repayment or prepayment of such Eurodollar Advance is made or deemed made for any reason (including, without limitation, as a result of acceleration or illegality) on a date which is prior to the last day of the Interest Period applicable thereto, the Borrower agrees to indemnify each Lender against, and to pay directly to such Lender within ten days after such Lender's demand therefor, any loss or expense suffered by such Lender as a result of such failure to borrow, termination or repayment, including without limitation, an amount, if greater than zero, equal to: A x (B-C) x D --- D__ 360 where: "A" equals such Lender's pro rata share of the Affected Principal Amount;

Appears in 1 contract

Samples: Credit Agreement (Arch Communications Group Inc /De/)

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