Common use of Funding Loss Clause in Contracts

Funding Loss. BORROWER AGREES TO INDEMNIFY EACH LENDER AGAINST, AND PAY TO IT UPON DEMAND, ANY FUNDING LOSS OF SUCH LENDER. When any Lender demands that Borrower pay any Funding Loss, such Lender shall deliver to Borrower and Administrative Agent a certificate setting forth in reasonable detail the basis for incurring Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of this Section 3.17 shall survive the satisfaction and payment of the Obligation and termination of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

AutoNDA by SimpleDocs

Funding Loss. BORROWER AGREES TO INDEMNIFY EACH LENDER AGAINST, AND PAY TO IT UPON DEMAND, ANY FUNDING LOSS OF SUCH LENDER. When any Lender demands that Borrower pay any Funding Loss, such Lender shall deliver to Borrower and Administrative Agent a certificate setting forth in reasonable detail the basis for incurring imposing Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of this Section SECTION 3.17 shall survive the satisfaction and payment of the Obligation and termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

Funding Loss. BORROWER AGREES TO INDEMNIFY EACH LENDER AGAINST, AND PAY TO IT UPON DEMAND, ANY FUNDING LOSS OF SUCH LENDER. When any Lender demands that Borrower pay any Funding Loss, such Lender shall deliver to Borrower and Administrative Agent a certificate setting forth in reasonable detail the basis for incurring imposing Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of this Section 3.17 SECTION 3.15 shall survive the satisfaction and payment of the Obligation and termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

Funding Loss. BORROWER AGREES TO INDEMNIFY EACH LENDER AGAINST, AND PAY TO IT UPON DEMAND, ANY FUNDING LOSS OF SUCH LENDER. When any Lender demands that Borrower pay any Funding Loss, such Lender shall deliver to Borrower and Administrative Agent a certificate setting forth in reasonable detail the basis for incurring imposing Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of this Section 3.17 3.15 shall survive the satisfaction and payment of the Obligation and termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

AutoNDA by SimpleDocs

Funding Loss. BORROWER AGREES TO INDEMNIFY EACH LENDER AGAINST, AND PAY TO IT UPON DEMAND, ANY FUNDING LOSS OF SUCH LENDER. When any Lender demands that Borrower pay any Funding Loss, such Lender shall deliver to Borrower and the Administrative Agent a certificate setting forth in reasonable detail the basis for incurring imposing Funding Loss and the calculation of the amount, which calculation is conclusive and binding absent manifest error. The provisions of this Section SECTION 3.17 shall survive the satisfaction and payment of the Obligation and termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

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