Common use of Interest, Funding Losses, Etc Clause in Contracts

Interest, Funding Losses, Etc. All prepayments under this Section 2.05 (i) shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurocurrency Rate Loan on a date prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurocurrency Rate Loan pursuant to Section 3.05 and (ii) subject to Section 2.20 with respect to prepayments under Section 2.05(b)(iv), shall be without premium or penalty. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurocurrency Rate Loans is required to be made under this Section 2.05 prior to the last day of the Interest Period therefor, in lieu of making 121 any payment pursuant to this Section 2.05 in respect of any such Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit an amount sufficient to make any such prepayment otherwise required to be made hereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.

Interest, Funding Losses, Etc. All prepayments under this Section 2.05 (i) shall be accompanied by all accrued and unpaid interest thereon, together with, in the case of any such prepayment of a Eurocurrency Rate LIBOR Loan (other than a Synthetic L/C Loan to the extent such prepayment is applied to increase the Credit-Linked Deposits) on a date prior to other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurocurrency Rate LIBOR Loan pursuant to Section 3.05 and (ii) subject to Section 2.20 with respect to prepayments under Section 2.05(b)(iv), shall be without premium or penalty3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurocurrency Rate LIBOR Loans is required to be made under this Section 2.05 prior to the last day of the Interest Period therefor, in lieu of making 121 any payment pursuant to this Section 2.05 in respect of any such Eurocurrency Rate LIBOR Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit an the amount sufficient to make of any such prepayment otherwise required to be made hereunder together with accrued interest to the last day of such Interest Period thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.

Interest, Funding Losses, Etc. All prepayments under this Section 2.05 (i) shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurocurrency Rate Term Benchmark Loan on a date prior to other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurocurrency Rate Loan Term Benchmark Loan, as applicable, pursuant to Section 3.05 and (ii) subject to Section 2.20 with respect to prepayments under Section 2.05(b)(iv), shall be without premium or penalty3.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurocurrency Rate Term Benchmark Loans is required to be made under this Section 2.05 2.05, prior to the last day of the Interest Period therefor, in lieu of making 121 any payment pursuant to this Section 2.05 in respect of any such Eurocurrency Rate Term Benchmark Loan prior to the last day of the Interest Period therefor, the applicable Borrower may, in its sole discretion, deposit an with the applicable Administrative Agent in the currency in which such Loan is denominated the amount sufficient to make of any such prepayment otherwise required to be made hereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the applicable Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Upon Such deposit shall constitute cash collateral for the occurrence and during Term Benchmark Loans to be so prepaid, provided that the continuance of applicable Borrower may at any Event of Default, time direct that such deposit be applied to make the Administrative Agent shall also be authorized (without any further action by or notice applicable payment required pursuant to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.

Interest, Funding Losses, Etc. All prepayments under this Section 2.05 (i) shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurocurrency Rate Loan on a date prior to other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurocurrency Rate Loan pursuant to Section 3.05 and (ii) subject to Section 2.20 with respect to prepayments under Section 2.05(b)(iv), shall be without premium or penalty3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurocurrency Rate Loans is required to be made under this Section 2.05 prior to the last day of the Interest Period therefortherefor and less than three months are remaining in such Interest Period, in lieu of making 121 any payment pursuant to this Section 2.05 in respect of any such Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit an the amount sufficient to make of any such prepayment otherwise required to be made hereunder together with accrued interest to the last day of such Interest Period thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the US-DOCS\79529473.13 Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.

Interest, Funding Losses, Etc. All prepayments under this Section 2.05 (i) shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurocurrency Rate Loan on a date prior to other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurocurrency Rate Loan pursuant to Section 3.05 and (ii) subject to Section 2.20 with respect to prepayments under Section 2.05(b)(iv), shall be without premium or penalty3.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurocurrency Rate Loans is required to be made under this Section 2.05 2.05, prior to the last day of the Interest Period therefor, in lieu of making 121 any payment pursuant to this Section 2.05 in respect of any such Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit an with the Administrative Agent in the currency in which such Loan is denominated the amount sufficient to make of any such prepayment otherwise required to be made hereunder together with accrued interest to the last day of such Interest Period thereunder into a Cash Collateral Account hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the any Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Upon Such deposit shall constitute cash collateral for the occurrence and during the continuance of any Event of DefaultEurocurrency Rate Loans to be so prepaid, the Administrative Agent shall also be authorized (without any further action by or notice to or from provided that the Borrower or Representative may at any other Loan Party) time direct that such deposit be applied to apply such amount make the applicable payment required pursuant to the prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.