Common use of Indemnification for Loss Clause in Contracts

Indemnification for Loss. Notwithstanding anything contained herein to the contrary, if the Borrower shall fail to borrow or convert on a Borrowing Date or Conversion Date after it shall have given notice to do so in which it shall have requested a Eurodollar Advance, or if a Eurodollar Advance shall be terminated for any reason 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 for any reason (including as a result of acceleration or illegality or the application of Section 2.6) 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 on demand directly to such Lender, any loss or expense suffered by such Lender as a result of such failure to borrow or convert, termination, repayment or prepayment, including an amount, if greater than zero, equal to: A x (B-C) x D --- where:

Appears in 1 contract

Samples: Credit Agreement (Ects a Scenic Technology Co Inc)

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Indemnification for Loss. (a) Notwithstanding anything contained herein to the contrary, if the Borrower shall fail to borrow or convert on a Borrowing Date or to convert on a proposed Conversion Date Date, as the case may be, after it shall have given notice to do so in which it shall have requested a Eurodollar Advanceso, or if a Eurodollar Advance shall be terminated for any reason prior to the last day of the Interest Eurodollar Period applicable thereto, or if, while a Eurodollar Advance is outstanding, any repayment or prepayment of such Eurodollar Advance is made for any reason (including including, without limitation, as a result of acceleration or illegality or the application of Section 2.6illegality) on a date which is prior to the last day of the Interest Eurodollar Period applicable thereto, the Borrower agrees agree to indemnify each the Lender against, and to pay on demand directly to such the Lender, any loss or expense suffered by such the Lender as a result of such failure to borrow or convertborrow, termination, repayment prepayment or prepaymentrepayment, including without limitation, an amount, if greater than zero, equal to: A x (B-C) x D --- 360 where: "A" equals the Lender's Affected Principal Amount;

Appears in 1 contract

Samples: Revolving Credit Agreement (LNR Property Corp)

Indemnification for Loss. Notwithstanding anything contained herein to the contrary, if the Borrower shall fail to borrow or convert on a Borrowing Date or Conversion Date after it shall have given notice to do so in which it shall have requested a Eurodollar Advance, or if a Eurodollar Advance shall be terminated for any reason 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 for any reason (including including, without limitation, as a result of acceleration or illegality or the application of Section 2.6illegality) 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 on demand directly to such Lender, any loss or expense suffered by such Lender as a result of such failure to borrow or convert, termination, repayment or prepayment, including including, without limitation, an amount, if greater than zero, equal to: A x (B-C) x D --- 360 where:

Appears in 1 contract

Samples: Credit Agreement (Bisys Group Inc)

Indemnification for Loss. Notwithstanding anything contained herein to the contrary, if the a Borrower shall fail to borrow or convert on a Borrowing Date or Conversion Date after it shall have given notice to do so in which it shall have requested a Eurodollar Advance, or if a Eurodollar Advance shall be terminated for any reason 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 for any reason (including as a result of acceleration or illegality or the application of Section 2.6illegality) on a date which is prior to the last day of the Interest Period applicable thereto, the such Borrower agrees to indemnify each Lender against, and to pay on demand directly to such Lender, any loss or expense suffered by such Lender as a result of such failure to borrow or convert, termination, repayment or prepayment, including an amount, if greater than zero, equal to: A x (B-C) x D --- 360 where:

Appears in 1 contract

Samples: Credit Agreement (Gp Strategies Corp)

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Indemnification for Loss. Notwithstanding anything contained herein to the contrary, if the any Borrower shall fail to borrow or convert on a Borrowing Date or Conversion Date after it shall have given notice to do so in which it shall have requested a Eurodollar Advance, or if a Eurodollar Advance shall be terminated for any reason 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 for any reason (including as a result of acceleration or illegality or the application of Section 2.6illegality) on a date which is prior to the last day of the Interest Period applicable thereto, the Borrower agrees Borrowers agree, jointly and severally, to indemnify each Lender against, and to pay on demand directly to such Lender, any loss or expense suffered by such Lender as a result of such failure to borrow or convert, termination, repayment or prepayment, including 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 (Gp Strategies Corp)

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