Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation delivered by a Borrower shall be irrevocable and binding on the Borrowers. In the case of any Borrowing which the related Notice of Borrowing or Notice of Conversion or Continuation specifies is to be comprised of Eurodollar Advances, the Company shall indemnify each Lender against any loss, out-of-pocket cost or expense actually incurred by such Lender as a result of any failure to fulfill on or before the date specified in such Notice of Borrowing or such Notice of Conversion or Continuation for such Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.
Appears in 4 contracts
Samples: Credit Agreement (Global Industries LTD), Credit Agreement (Global Industries LTD), Credit Agreement (Global Industries LTD)
Notices Irrevocable. Each Notice of Borrowing and each Notice of Conversion or Continuation delivered by a the Borrower shall be irrevocable and binding on the BorrowersBorrower. In the case of the initial Borrowing or any Borrowing which the related Notice of Borrowing or Notice of Conversion or Continuation specifies is to be comprised of Eurodollar Advances, the Company Borrower shall indemnify each Lender against any loss, out-of-pocket cost or expense actually incurred by such Lender as a result of any failure to fulfill on or before the Borrowing Date or the date specified in such Notice of Borrowing or such Notice of Conversion or Continuation for such Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.
Appears in 4 contracts
Samples: Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.)
Notices Irrevocable. Each Notice of Borrowing and each Notice of Conversion or Continuation delivered by a Borrower shall be irrevocable and binding on the Borrowerssuch Borrower. In the case of the initial Borrowing or any Borrowing which the related Notice of Borrowing or Notice of Conversion or Continuation specifies is to be comprised of Eurodollar Advances, the Company Borrowers shall indemnify each Lender against any loss, out-of-pocket cost or expense actually incurred by such Lender as a result of any failure to fulfill on or before the Borrowing Date or the date specified in such Notice of Borrowing or such Notice of Conversion or Continuation for such Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Revolving Advance to be made by such Lender as part of such Borrowing when such Revolving Advance, as a result of such failure, is not made on such date.
Appears in 4 contracts
Samples: Credit Agreement (MxEnergy Holdings Inc), Credit Agreement (Total Gas & Electricity (PA) Inc), Credit Agreement (MxEnergy Holdings Inc)
Notices Irrevocable. Each Notice of Borrowing and each Notice of Conversion or Continuation delivered by a the Borrower shall be irrevocable and binding on the BorrowersBorrower. In the case of the initial Borrowing or any Borrowing which the related Notice of Borrowing or Notice of Conversion or Continuation specifies is to be comprised of Eurodollar Advances, the Company Borrower shall indemnify each Lender against any loss, out-of-pocket cost or expense actually incurred by such Lender as a result of any failure to fulfill on or before the Borrowing Date or the date specified in such Notice of Borrowing or such Notice of Conversion or Continuation for such Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Revolving Advance to be made by such Lender as part of such Borrowing when such Revolving Advance, as a result of such failure, is not made on such date.
Appears in 2 contracts
Samples: Credit Agreement (Diamondback Energy Services, Inc.), Credit Agreement (Diamondback Energy Services, Inc.)
Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation delivered by a Borrower shall be irrevocable and binding on the BorrowersBorrowers delivering such notice. In the case of any Borrowing which the related Notice of Borrowing or Notice of Conversion or Continuation specifies is to be comprised of Eurodollar Fixed Rate Advances, the Company each Borrower shall indemnify each Lender Bank against any loss, out-of-pocket cost or expense actually incurred by such Lender Bank as a result of any failure to fulfill on or before the date specified in such Notice of Borrowing or such Notice of Conversion or Continuation for such Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender Bank to fund the Advance to be made by such Lender Bank as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.
Appears in 1 contract
Samples: Credit Agreement (Schweitzer Mauduit International Inc)
Notices Irrevocable. Each The Notice of Borrowing and each Notice of Conversion or Continuation delivered by a the Borrower shall be irrevocable and binding on the BorrowersBorrower. In the case of the initial Borrowing or any Borrowing which the related Notice of Borrowing or Notice of Conversion or Continuation specifies is to be comprised of Eurodollar AdvancesLoans, the Company Borrower shall indemnify each Term Lender against any loss, out-of-pocket cost or expense actually incurred by such Term Lender as a result of any failure to fulfill on or before the Borrowing Date or the date specified in such Notice of Borrowing or such Notice of Conversion or Continuation for such Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Term Lender to fund the Advance Term Loan to be made by such Term Lender as part of such Borrowing when such AdvanceTerm Loan, as a result of such failure, is not made on such date.
Appears in 1 contract
Notices Irrevocable. Each The Notice of Borrowing and each Notice of Conversion or Continuation delivered by a the Borrower shall be irrevocable and binding on the BorrowersBorrower. In the case of the initial Borrowing or any Borrowing for which the related Notice of Borrowing or Notice of Conversion or Continuation specifies is to be comprised of Eurodollar AdvancesLoans, the Company Borrower shall indemnify each Lender against any loss, out-of-pocket cost or expense actually incurred by such Lender as a result of any failure on the part of the Borrower to fulfill on or before the Borrowing Date or the date specified in such Notice of Borrowing or such Notice of Conversion or Continuation for such Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance Loan to be made by such Lender as part of such Borrowing when such AdvanceLoan, as a result of such failure, is not made on such date.
Appears in 1 contract
Samples: Revolving Credit Agreement (McDermott International Inc)