Payment Not at End of Interest Period. The Borrower shall pay the Agent, for the credit of the Lenders, such amount or amounts as shall compensate each Lender for any loss, cost or expense 44 incurred by such Lender as a result of:
Payment Not at End of Interest Period. Borrower shall immediately pay each Lender, on demand, the amount that shall compensate such Lender for any actual loss incurred by such Lender as a result of (a) any payment of a LIBOR Loan prior to the last day of the applicable Interest Period, or (b) any failure by Borrower to borrow a LIBOR Loan on the effective date specified in the relevant Interest Rate Election Notice. Such loss shall be the amount, without duplication, reasonably determined by such Lender as the excess, if any, of (A) the amount of interest that would have accrued to such Lender on the amount so paid or not borrowed at a rate of interest equal to the LIBOR Rate applicable to such LIBOR Loan for the period from the date of such payment or failure to borrow to the last day (x) in the case of a payment prior to the last day of the Interest Period, of the then current Interest Period, or (y) in the case of such failure to borrow, of the Interest Period for such LIBOR Loan that would have commenced on the date of such failure to borrow, over (B) the amount that would have been realized by such Lender in reemploying the funds received in prepayment or not advanced during the period referred to above by placing such amount on deposit for a comparable period with leading banks in the interbank Eurodollar market.
