Common use of LIBOR Loan Prepayments Clause in Contracts

LIBOR Loan Prepayments. If, for any reason, a LIBOR Loan is paid prior to the last Business Day of any Interest Period, the Borrower agrees to indemnify the Bank against any loss (including any loss on redeployment of the funds repaid), cost or expense incurred by the Bank as a result of such prepayment.

Appears in 2 contracts

Samples: Loan and Security Agreement (Huron Consulting Group Inc.), Loan and Security Agreement (Huron Consulting Group Inc.)

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LIBOR Loan Prepayments. IfExcept as provided in Section 2.2(c), for any reasonif, a LIBOR Loan is paid prior to the last Business Day of any Interest Period, the Borrower agrees Borrowers agree to indemnify the Bank Agent and the Lenders against any loss (including any loss on redeployment of the funds repaid), cost or expense incurred by the Bank Agent or the Lenders as a result of such prepayment.

Appears in 2 contracts

Samples: Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/)

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