Common use of Funding Loss Clause in Contracts

Funding Loss. Borrower shall indemnify each Lender against, and pay to it upon demand, any Funding Loss of that Lender. When any Lender demands that Borrower pay any Funding Loss, that Lender shall deliver to Borrower and Administrative Agent a certificate setting forth in reasonable detail the basis for imposing Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of and undertakings and indemnification in this section survive the satisfaction and payment of the Obligation and termination of this agreement.

Appears in 3 contracts

Samples: Second Lien Term Loan Agreement (Goodrich Petroleum Corp), Second Lien Term Loan Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)

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Funding Loss. Borrower shall indemnify each Lender against, and pay to it upon demand, any Funding Loss of that Lender. When any Lender demands that Borrower pay any Funding Loss, that Lender shall deliver to Borrower and Administrative Agent a certificate setting forth in reasonable detail the basis for imposing Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of and undertakings and indemnification in this section survive the satisfaction and payment of the Obligation and termination of this agreement.

Appears in 2 contracts

Samples: Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)

Funding Loss. Borrower shall indemnify each Agrees To Indemnify Each Lender againstAgainst, and pay to it upon demandAnd Pay To It Upon Demand, any Any Funding Loss of that Of Such Lender. When any Lender demands that Borrower pay any Funding Loss, that such Lender shall deliver to Borrower and Administrative Agent a certificate setting forth in reasonable detail the basis for imposing Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of and undertakings and indemnification in this section Section 3.15 shall survive the satisfaction and payment of the Obligation and termination of this agreementAgreement.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

Funding Loss. Borrower shall agrees to indemnify each Lender against, ------------ and pay to it upon demand, any Funding Loss of that Lender. When any Lender demands that Borrower pay any Funding Loss, that Lender shall deliver to Borrower and Administrative Agent a certificate setting forth in reasonable detail the basis for imposing Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of and undertakings and indemnification set forth in this section paragraph shall survive the satisfaction and payment of the Obligation and termination of this agreementAgreement.

Appears in 1 contract

Samples: Credit Agreement (Vail Resorts Inc)

Funding Loss. Subject to Section 3.11, Borrower shall indemnify each Agrees To Indemnify Each Lender againstAgainst, and pay to it upon demandAnd Pay To It Upon Demand, any Any Funding Loss of that Of That Lender. When any Lender demands that Borrower pay any Funding Loss, that Lender shall deliver to Borrower and Administrative Agent who shall promptly deliver to Borrower a certificate setting forth stating in reasonable detail the basis for imposing Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest errorshall be presumed correct. The provisions of and undertakings and indemnification in this section survive This Section 3.12 survives the satisfaction and payment of the Obligation and termination of this agreementthe Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Matrix Bancorp Inc)

Funding Loss. Borrower shall indemnify each Agrees To Indemnify Each Lender againstAgainst, and pay to it upon demandAnd Pay To It Upon Demand, any Any Funding Loss of that Of Such Lender. When any Lender demands that Borrower pay any Funding Loss, that such Lender shall deliver to Borrower and Administrative Agent a certificate setting forth in reasonable detail the basis for imposing incurring Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of and undertakings and indemnification in this section Section 3.17 shall survive the satisfaction and payment of the Obligation and termination of this agreementAgreement.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

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Funding Loss. Borrower shall borrower agrees to indemnify each Lender lender against, and pay to it upon demand, any Funding Loss funding loss of that Lender. such lender When any Lender demands that Borrower pay any Funding Loss, that such Lender shall deliver to Borrower and Administrative Agent a certificate setting forth in reasonable detail the basis for imposing incurring Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of and undertakings and indemnification in this section Section 3.17 shall survive the satisfaction and payment of the Obligation and termination of this agreementAgreement.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

Funding Loss. Borrower shall indemnify each Agrees To Indemnify Each Lender againstAgainst, and pay to it upon demandAnd Pay To It Upon Demand, any Any Funding Loss of that Of Each Lender. When any Lender demands that Borrower pay any Funding Loss, that such Lender shall deliver to Borrower and Administrative Agent a certificate setting forth in reasonable detail the basis for imposing Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of and undertakings and indemnification set forth in this section paragraph shall survive the satisfaction and payment of the Obligation and termination of this agreementAgreement.

Appears in 1 contract

Samples: Credit Agreement (Security Capital Industrial Trust)

Funding Loss. Borrower shall Borrowers jointly and severally agree to indemnify each Lender against, and pay to it upon demand, any Funding Loss of that LenderLoss. When any Lender demands that Borrower Borrowers pay any Funding Loss, that Lender shall deliver to Borrower and Administrative Agent Borrowers a certificate setting forth in reasonable detail the basis for imposing Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of and undertakings and indemnification set forth in this section Section 3.17 survive the satisfaction and payment of the Obligation and termination of this agreement.

Appears in 1 contract

Samples: Credit Agreement (Kaneb Pipe Line Partners L P)

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