Common use of Prepayment indemnity Clause in Contracts

Prepayment indemnity. If the Borrower 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 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: Facility Agreement (Stolt Nielsen S A), Stolt Comex (Stolt Offshore S A), Loan Facility Agreement (Stolt Comex Seaway S A)

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Prepayment indemnity. If the Borrower Borrowers shall, subject always to Clause 6.25.3, make a prepayment on a Business Day other than the last day of an Interest Period, it shall they shall, in addition to the amount prepaid and accrued interest, pay to the Agent on behalf of the Banks 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

Samples: Loan Agreement (Euroseas Ltd.)

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Prepayment indemnity. If the Borrower shall, subject always to Clause 6.25.2, make a prepayment on a Business Day other than the last day of an Interest PeriodPeriod in respect of the whole of the Loan, it shall they shall, in addition to the amount prepaid and accrued interest, pay to the Agent on behalf of the Banks any amount which the Agent may certify is necessary to compensate 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

Samples: Loan Agreement (Arlington Tankers Ltd.)

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