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

Funding Losses; Eurodollar Rate Advances. The Borrowers shall compensate each Bank, upon its written request to the Borrowers’ Agent, 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 and including loss of anticipated profits) which such Bank may sustain: (i) 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 therefor in the Borrowers’ Agent’s request or notice as to such Advance under Section 2.2 or 2.4, or (ii) 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 2.22, 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 manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Cabelas Inc), Credit Agreement (Cabelas Inc)

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Funding Losses; Eurodollar Rate Advances. The Borrowers -------------- ------------------------ shall compensate each Bank, upon its written request to Omega, on behalf of the Borrowers’ Agent, 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-re- employment of such funds and including loss of anticipated profits) which such Bank may sustain: (i) 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 therefor in the Borrowers’ Agent’s Omega's request or notice as to such Advance under Section 2.2 or 2.4, or (ii) 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 2.222.23, occurs on any day other than the last day of the Interest Period applicable thereto. A Bank’s 's written request for compensation shall set forth the basis for the amount requested and the method of computation and shall be final, conclusive and binding, absent manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Panther Transport Inc), Credit Agreement (Omega Cabinets LTD)

Funding Losses; Eurodollar Rate Advances. The Borrowers Borrower ---------------------------------------- shall compensate each Bank, upon its written request to the Borrowers’ Agentrequest, 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 and including loss of anticipated profits, in each case to the extent not recovered by such Bank in connection with the re-employment of such funds and including loss of anticipated profitsfunds) which such Bank may sustain: (i) 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 therefor in the Borrowers’ Agent’s Borrower's request or notice as to such Advance under Section 2.2 or 2.4, or (ii) 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 2.22, 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 manifest error.

Appears in 1 contract

Samples: Credit Agreement (Buca Inc /Mn)

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Funding Losses; Eurodollar Rate Advances. The Borrowers Borrower -------------- ------------------------ shall compensate each Bank, upon its written request to the Borrowers’ Agentrequest, 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 and including loss of anticipated profits, in each case to the extent not recovered by such Bank in connection with the re-employment of such funds and including loss of anticipated profitsfunds) which such Bank may sustain: (i) 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 therefor in the Borrowers’ Agent’s Borrower's request or notice as to such Advance under Section 2.2 or 2.4, or (ii) 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 2.22, 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 manifest error.

Appears in 1 contract

Samples: Credit Agreement (Buca Inc /Mn)

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