Prepayment indemnity. If the Borrower shall make a prepayment on a Business Day other than the last day of an Interest Period, it shall pay to the Agent on behalf of the Banks such amount which is necessary to compensate the Banks for any Break Costs incurred by the Agent or any of the Banks as a result of the prepayment in question.
Appears in 10 contracts
Samples: Loan Facility Agreement, Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc)
Prepayment indemnity. If the Borrower shall shall, subject always to Clause 6.2, make a prepayment on a Business Day other than the last day of an Interest Period, it shall pay to the Agent on behalf of the Banks such any amount which is necessary to compensate the Banks for any Break Costs incurred by the Agent or any of the Banks as a result of the prepayment in question.
Appears in 5 contracts
Samples: Deed of Amendment and Restatement (Stolt Offshore S A), Loan Agreement (Stolt Nielsen S A), Loan Agreement (Stolt Comex Seaway S A)
Prepayment indemnity. If the Borrower shall make a prepayment on a Business Day other than the last day of an Interest Period, it shall pay to the Agent on behalf of the Banks such Lenders any amount which is necessary to compensate the Banks Lenders for any Break Costs incurred by the Agent or any of the Banks Lenders as a result of the prepayment in questionquestion but otherwise without penalty or premium, Provided always that the Borrower shall be entitled to payment by the Lenders of any Break Gains while no Event of Default has occurred which is continuing unremedied or unwaived.
Appears in 4 contracts
Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
Prepayment indemnity. If the Borrower Borrowers shall make a prepayment on a Business Day other than the last day of an Interest Period, it they shall pay to the Agent on behalf of the Banks such Lenders any amount which is necessary to compensate the Banks Lenders for any Break Costs incurred by the Agent or any of the Banks Lenders as a result of the prepayment in question.
Appears in 2 contracts
Samples: Facility Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
Prepayment indemnity. If the Borrower shall Borrowers shall, subject always to Clause 5.2, make a prepayment on a Business Day other than the last day of an Interest Period, it they shall pay to the Agent on behalf of the Banks such any amount which is necessary to compensate the Banks for any Break Costs incurred by the Agent or any of the Banks as a result of the prepayment in question.
Appears in 2 contracts
Samples: Secured Reducing Revolving Loan Facility Agreement, Secured Reducing Revolving Loan Facility Agreement (Teekay LNG Partners L.P.)
Prepayment indemnity. If the Borrower shall shall, subject always to Clause 5.3, make a prepayment on a Business Day other than the last day of an Interest Period, it shall shall, in addition to the amount prepaid and accrued interest, pay to the Agent on behalf of the Banks such any amount which the Agent may certify is necessary to compensate the Agent and the Banks for any Break Costs incurred by the Agent or any of the Banks as a result of the making of the prepayment in question.
Appears in 1 contract
Prepayment indemnity. If the Borrower Borrowers shall make a prepayment on a Business Day other than the last day of an Interest Period, it they shall pay to the Agent on behalf of the Banks such any amount which is necessary to compensate the Banks for any Break Costs incurred by the Agent or any of the Banks as a result of the prepayment in question.
Appears in 1 contract
Samples: Secured Reducing Revolving Loan Facility Agreement (Teekay Shipping Corp)
