Common use of Funding Losses; Eurodollar Rate Advances Clause in Contracts

Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate each Bank, upon its written request, for all losses, expenses and liabilities (including any interest paid by such Bank to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by such Bank in connection with the re-employment of such funds, but excluding loss of anticipated profits) which such Bank may sustain: (a) if for any reason, other than a default by such Bank, a funding of a Eurodollar Rate Advance does not occur on the date specified therefore in the Borrower’s request or notice as to such Advance under Section 2.2, or (b) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 2.24, occurs on any day other than the last day of the Interest Period applicable thereto. A Bank’s request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 3 contracts

Samples: Credit Agreement (Life Time Fitness Inc), Credit Agreement (Life Time Fitness Inc), Credit Agreement (Life Time Fitness Inc)

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Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate each Bank, upon its written request, for all losses, expenses and liabilities (including any interest paid by such Bank to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by such Bank in connection with the re-employment of such funds, but excluding funds and including loss of anticipated profits) which such Bank may sustain: (ai) if for any reason, other than a default by such Bank, a funding of a Eurodollar Rate Advance does not occur on the date specified therefore therefor in the Borrower’s 's request or notice as to such Advance under Section 2.22.1(a) or 2.3, or (bii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 2.242.15, occurs on any day other than the last day of the Interest Period applicable thereto. A Bank’s 's request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 2 contracts

Samples: Credit Agreement (Alleghany Corp /De), Credit Agreement (Alleghany Corp /De)

Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate each Bank, upon its written request, for all losses, expenses and liabilities (including any interest paid by such Bank to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by such Bank in connection with the re-employment of such funds, but excluding funds and including loss of anticipated profits) which such Bank may sustain: (ai) if for any reason, other than a default by such Bank, a funding of a Eurodollar Rate Advance does not occur on the date specified therefore therefor in the Borrower’s 's request or notice as to such Advance under Section 2.22.2 or 2.4, or (bii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 2.242.15, occurs on any day other than the last day of the Interest Period applicable thereto. A Bank’s 's request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 1 contract

Samples: Pledge Agreement (Graco Inc)

Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate each BankLender, upon its written request, for all losses, expenses and liabilities (including any interest paid by such Bank Lender to lenders Lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by such Bank Lender in connection with the re-employment of such funds, but excluding funds and including loss of anticipated profits) which such Bank Lender may sustain: (ai) if for any reason, other than a default by such BankLender, a funding of a Eurodollar Rate Advance does not occur on the date specified therefore therefor in the Borrower’s 's request or notice as to such Advance under Section 2.2, or (bii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 2.242.15, occurs on any day other than the last day of the Interest Period applicable thereto. A Bank’s Lender's request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Reliastar Financial Corp)

Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate each BankLender, upon its written request, for all actual losses, expenses and liabilities (including any interest paid by such Bank Lender to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by such Bank Lender in connection with the re-employment of such funds, but excluding funds and including loss of anticipated profits) which such Bank Lender may sustain: (ai) if for any reason, other than a default by such BankLender, a funding of a Eurodollar Rate Advance does not occur on the date specified therefore therefor in the Borrower’s 's request or notice as to such Eurodollar Rate Advance under Section 2.2hereunder, or (bii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances the principal balance of the Loan following an Event event of Defaultdefault), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 2.24I.8, occurs on any day other than the last day of the Interest Period applicable thereto. A Bank’s Lender's request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 1 contract

Samples: Loan Agreement (CBL & Associates Properties Inc)

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Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate each the Bank, upon its written request, for all losses, expenses and liabilities (including any interest paid by such the Bank to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by such the Bank in connection with the re-employment of such funds, but excluding funds and including loss of anticipated profits) which such the Bank may sustain: (ai) if for any reason, other than a default by such the Bank, a funding of a Eurodollar Rate Advance does not occur on the date specified therefore therefor in the Borrower’s 's request or notice as to such Advance under Section 2.22.2 or 2.4, or (bii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 2.242.13, occurs on any day other than the last day of the Interest Period applicable thereto. A The Bank’s 's request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 1 contract

Samples: Loan Agreement (Piper Jaffray Companies Inc)

Funding Losses; Eurodollar Rate Advances. The Borrower Borrowers shall compensate each Bank, upon its written request, for all losses, expenses and liabilities (including any interest paid by such Bank to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by such Bank in connection with the re-employment of such funds, but excluding loss of anticipated profits) which such Bank may sustain: (ai) if for any reason, other than a default by such Bank, a funding of a Eurodollar Rate Advance does not occur on the date specified therefore in the BorrowerBorrowers’ Agent’s request or notice as to such Advance under Section 2.22.2 or 2.4, or (bii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 2.24X, occurs on any day other than the last day of the Interest Period applicable thereto. A Bank’s request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 1 contract

Samples: Credit Agreement (Dolan Media CO)

Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate each the Bank, upon its written request, for all losses, expenses and liabilities (including any interest paid by such the Bank to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by such the Bank in connection with the re-employment of such funds, but excluding funds and including loss of anticipated profits) which such the Bank may sustain: (ai) if for any reason, other than a default by such the Bank, a funding of a Eurodollar Rate Advance does not occur on the date specified therefore therefor in the Borrower’s 's request or notice as to such Advance under Section 2.22.2 or 2.4, or (bii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 2.242.15, occurs on any day other than the last day of the Interest Period applicable thereto. A The Bank’s 's request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 1 contract

Samples: Credit Agreement (Piper Jaffray Companies Inc)

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