Common use of Payments Not at End of Interest Period Clause in Contracts

Payments Not at End of Interest Period. If the Borrowers make any -------------------------------------- payment of principal with respect to any Eurodollar Loan on any day other than the last day of the Interest Period applicable to such Eurodollar Loan, then Borrowers shall reimburse the Banks on demand for any loss, cost or expense incurred by the Banks as a result of the timing of such payment or in redepositing such principal amount, including the sum of (i) the cost of funds to the Banks in respect of such principal amount so paid, for the remainder of the Interest Period applicable to such sum, reduced, if any Bank is able to redeposit such principal amount so paid for the balance of the Interest Period, by the interest earned by such Bank as a result of so redepositing such principal amount, plus (ii) any expense or penalty incurred by the Bank in redepositing such principal amount. A certificate of any Bank setting forth the basis for the determination of the amount owed by Borrowers pursuant to this Section 5(g) shall be delivered to the Borrowers and shall be conclusive in the absence of manifest error.

Appears in 1 contract

Samples: Loan Agreement (Gothic Energy Corp)

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Payments Not at End of Interest Period. If the Borrowers Borrower make any -------------------------------------- payment of principal with respect to any Eurodollar Fixed Rate Loan on any day other than the last day of the Interest Period applicable to such Eurodollar Fixed Rate Loan, then Borrowers Borrower shall reimburse the Banks Bank on demand for any loss, cost or expense incurred by the Banks Bank as a result of the timing of such payment or in redepositing such principal amount, including the sum of (i) the cost of funds to the Banks Bank in respect of such principal amount so paid, for the remainder of the Interest Period applicable to such sum, reduced, if any the Bank is able to redeposit such principal amount so paid for the balance of the Interest Period, by the interest earned by such Bank as a result of so redepositing such principal amount, plus (ii) any expense or penalty incurred by the Bank in redepositing such principal amount. A certificate of any Bank setting forth the basis for the determination of the amount owed by Borrowers Borrower pursuant to this Section 5(g) shall be delivered to the Borrowers Borrower and shall be conclusive in the absence of manifest error.

Appears in 1 contract

Samples: Loan Agreement (Maynard Oil Co)

Payments Not at End of Interest Period. If the Borrowers Borrower make any -------------------------------------- payment of principal with respect to any Eurodollar Loan on any day other than the last day of the Interest Period applicable to such Eurodollar Loan, then Borrowers Borrower shall reimburse the Banks on demand for any loss, cost or expense incurred by the Banks as a result of the timing of such payment or in redepositing such principal amount, including the sum of (i) the cost of funds to the Banks in respect of such principal amount so paid, for the remainder of the Interest Period applicable to such sum, reduced, if any Bank is the Banks are able to redeposit such principal amount so paid for the balance of the Interest Period, by the interest earned by such Bank Banks as a result of so redepositing such principal amount, plus (ii) any expense or penalty incurred by the Bank Banks in redepositing such principal amount. A certificate of any Bank setting forth the basis for the determination of the amount owed by Borrowers Borrower pursuant to this Section 5(g) shall be delivered to the Borrowers Borrower and shall be conclusive in the absence of manifest error.

Appears in 1 contract

Samples: Senior Secured Loan Agreement (Southwest Royalties Holdings Inc)

Payments Not at End of Interest Period. If the Borrowers make Borrower makes any -------------------------------------- payment of principal with respect to any Eurodollar Loan on any day other than the last day of the Interest Period applicable to such Eurodollar Loan, then Borrowers Borrower shall reimburse the Banks on demand for any loss, cost or expense incurred by the Banks as a result of the timing of such payment or in redepositing such principal amount, including the sum of (i) the cost of funds to the Banks in respect of such principal amount so paid, for the remainder of the Interest Period applicable to such sum, reduced, if any Bank is able to redeposit such principal amount so paid for the balance of the Interest Period, by the interest earned by such Bank as a result of so redepositing such principal amount, plus (ii) any expense or penalty incurred by the Bank in redepositing such principal amount. A certificate of any Bank setting forth the basis for the determination of the amount owed by Borrowers Borrower pursuant to this Section 5(g5(f) shall be delivered to the Borrowers Borrower and shall be conclusive in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (Atwood Oceanics Inc)

Payments Not at End of Interest Period. If the Borrowers make Borrower makes any -------------------------------------- payment of principal with respect to any Eurodollar Loan on any day other than the last day of the Interest Period applicable to such Eurodollar Loan, then Borrowers Borrower shall reimburse the Banks Bank on demand for any loss, cost or expense incurred by the Banks Bank as a result of the timing of such payment or in redepositing such principal amount, including the sum of (i) the cost of funds to the Banks Bank in respect of such principal amount so paid, for the remainder of the Interest Period applicable to such sum, reduced, if any the Bank is able to redeposit such principal amount so paid for the balance of the Interest Period, by the interest earned by such Bank as a result of so redepositing such principal amount, plus (ii) any expense or penalty incurred by the Bank in redepositing such principal amount. A certificate of any Bank setting forth the basis for the determination of the amount owed by Borrowers Borrower pursuant to this Section 5(g) shall be delivered to the Borrowers Borrower and shall be conclusive in the absence of manifest error.

Appears in 1 contract

Samples: Loan Agreement (Brigham Exploration Co)

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Payments Not at End of Interest Period. If the Borrowers Borrower make any -------------------------------------- payment of principal with respect to any Eurodollar Loan on any day other than the last day of the Interest Period applicable to such Eurodollar Loan, then Borrowers Borrower shall reimburse the Banks Bank on demand for any loss, cost or expense incurred by the Banks Bank as a result of the timing of such payment or in redepositing such principal amount, including the sum of (i) the cost of funds to the Banks Bank in respect of such principal amount so paid, for the remainder of the Interest Period applicable to such sum, reduced, if any the Bank is able to redeposit such principal amount so paid for the balance of the Interest Period, by the interest earned by such Bank as a result of so redepositing such principal amount, plus (ii) any expense or penalty incurred by the Bank in redepositing such principal amount. A certificate of any Bank setting forth the basis for the determination of the amount owed by Borrowers Borrower pursuant to this Section 5(g) shall be delivered to the Borrowers Borrower and shall be conclusive in the absence of manifest error.

Appears in 1 contract

Samples: Loan Agreement (Mallon Resources Corp)

Payments Not at End of Interest Period. If the Borrowers make Borrower makes any -------------------------------------- payment of principal with respect to any Eurodollar Loan on any day other than the last day of the Interest Period applicable to such Eurodollar Loan, then Borrowers Borrower shall reimburse the Banks on demand for any loss, cost or expense incurred by the Banks as a result of the timing of such payment or in redepositing such principal amount, including the sum of (i) the cost of funds to the Banks in respect of such principal amount so paid, for the remainder of the Interest Period applicable to such sum, reduced, if any Bank is able to redeposit such principal amount so paid for the balance of the Interest Period, by the interest earned by such Bank as a result of so redepositing such principal amount, plus (ii) any expense or penalty incurred by the Bank in redepositing such principal amount. A certificate of any Bank setting forth the basis for the determination of the amount owed by Borrowers Borrower pursuant to this Section 5(g) shall be delivered to the Borrowers Borrower and shall be conclusive in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (Global Industries LTD)

Payments Not at End of Interest Period. If the Borrowers make any -------------------------------------- payment of principal with respect to any Eurodollar Loan on any day other than the last day of the Interest Period applicable to such Eurodollar Loan, then Borrowers shall reimburse the Banks on demand for any loss, cost or expense incurred by the Banks as a result of the timing of such payment or in redepositing such principal amount, including the sum of (i) the cost of funds to the Banks in respect of such principal amount so paid, for the remainder of the Interest Period applicable to such sum, reduced, if any Bank is able to redeposit such principal amount so paid for the balance of the Interest Period, by the interest earned by such Bank as a result of so redepositing such principal amount, plus (ii) any expense or penalty incurred by the Bank in redepositing such principal amount. A certificate of any Bank setting forth the basis for the determination of the amount owed by Borrowers pursuant to this Section 5(g5(f) shall be delivered to the Borrowers and shall be conclusive in the absence of manifest error.

Appears in 1 contract

Samples: Credit Agreement (Atwood Oceanics Inc)

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