Redeployment Loss Sample Clauses

Redeployment Loss. Borrower may prepay all or any portion of the principal amount of the Loans bearing interest at a LIBOR Rate, provided that if Borrower makes any such prepayment other than on the last day of an Interest Period (except pursuant to Section 3.14(a)(ii)), Borrower (a) with such prepayment, shall pay all accrued interest on the principal amount prepaid (unless less than all of the principal amount of the Loan is being prepaid, in which case such interest shall be due and payable on the next scheduled interest payment date), (b) with such prepayment, shall pay an administrative fee of $250.00 to each Bank, and (c) on demand, shall reimburse the Banks and hold the Banks harmless from all losses and expenses incurred by the Banks as a result of such prepayment (the "Redeployment Loss"), including, without limitation, any losses and expenses arising from the liquidation or reemployment of deposits acquired to fund or maintain the principal amount prepaid. Such reimbursement shall be calculated as though each Bank funded the principal amount prepaid through the purchase of U.S. Dollar deposits in the London, England interbank market having a maturity corresponding to such Interest Period and bearing an interest rate equal to the LIBOR Rate for such Interest Period, whether in fact that is the case or not. Each Bank's determination of the amount of such reimbursement shall be conclusive in the absence of manifest error.

Redeployment Loss. The Borrower shall pay to each Bank on demand against any Redeployment Loss (defined below) arising as a consequence of any payment, prepayment, failure to borrow or convert to a LIBOR Borrowing after giving notice of its intent to so borrow or convert pursuant to Sections 2.3(b) or 2.11, or conversion of a LIBOR Borrowing required by any other provision of this Agreement or otherwise made or deemed made on a date other than the last day of the Interest Period applicable thereto. "Redeployment Loss" shall mean, in each circumstance, the amount which is the sum of the discounted monthly differences for each month from the month of prepayment through the month in which such LIBOR Borrowing matures, calculated as follows for each such month:

Redeployment Loss. The Borrower shall pay to each Bank on demand against any Redeployment Loss (defined below) arising as a consequence of any payment, prepayment or conversion of a LIBOR Borrowing required by any other provision of this Agreement or otherwise made or deemed made on a date other than the last day of the Interest Period applicable thereto. "Redeployment Loss" shall mean, in each circumstance, the amount, if any, equal to the product of (i) the Average Lost Daily Interest Income and (ii) the number of days from the date of prepayment or conversion to the Borrowing Maturity Date, discounted to present value at the Discount Rate over the number of days in (ii) above. As used in the preceding paragraph:

Redeployment Loss. The Borrower shall pay to each Bank on demand against any Redeployment Loss (defined below) arising as a consequence of any payment, prepayment or conversion of a LIBOR Borrowing required by any other provision of this Agreement or otherwise made or deemed made on a date other than the last day of the Interest Period applicable thereto. "Redeployment Loss" shall mean, in each circumstance, the amount which is the sum of the discounted monthly differences for each month from the month of prepayment through the month in which such LIBOR Borrowing matures, calculated as follows for each such month:

Redeployment Loss. 25 3.13 Taxes............................................................ 26 3.14 Termination or Assignment of Commitments Under Certain Circumstances.................................................... 29 3.15