Common use of Unwinding Costs Clause in Contracts

Unwinding Costs. (a) If IFC or any Participant incurs any cost, expense or loss as a result of the Borrower: (i) failing to borrow in accordance with a request for Disbursement made pursuant to Section 2.02 (Disbursement Procedure); (ii) failing to prepay in accordance with a notice of prepayment; (iii) prepaying all or any portion of the Loan on a date other than an Interest Payment Date; or (iv) after acceleration of the Loan, paying all or a portion of the Loan on a date other than an Interest Payment Date, then the Borrower shall immediately pay to IFC the amount that IFC from time to time notifies to the Borrower as being the amount of those costs, expenses and losses incurred. (b) For the purposes of this Section, “costs, expenses or losses” include any premium, penalty or expense incurred to liquidate or obtain third party deposits, borrowings, hxxxxx or swaps in order to make, maintain, fund or hedge all or any part of any Disbursement or prepayment of the Loan, or any payment of all or part of the Loan upon acceleration.

Appears in 2 contracts

Samples: Loan Agreement (Logistic Properties of the Americas), Loan Agreement (Logistic Properties of the Americas)

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Unwinding Costs. (a) If IFC or any Participant incurs any cost, expense or loss as a result of the BorrowerBorrowers: (i) failing to borrow in accordance with a request for Disbursement made pursuant to Section 2.02 (Disbursement Procedure); (ii) failing to prepay in accordance with a notice of prepayment; (iii) prepaying all or any portion of the Loan on a date other than an Interest Payment Date; or (iv) after acceleration of the Loan, paying all or a portion of the Loan on a date other than an Interest Payment Date, ; then the Borrower Borrowers shall immediately pay to IFC the amount that IFC from time to time notifies to the Borrower Borrowers as being the amount of those costs, expenses and losses incurred. (b) For the purposes of this Section, "costs, expenses or losses" include any premium, penalty or expense incurred to liquidate or obtain third party deposits, borrowings, hxxxxx or swaps in order to make, maintain, fund or hedge all or any part of any Disbursement or prepayment of the Loan, or any payment of all or part of the Loan upon acceleration.

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

Unwinding Costs. (a) If IFC or any Participant incurs any cost, expense or loss (other than loss of the Relevant Spread) as a result of the Borrower: Borrowers: (i) failing to borrow in accordance with a request for Disbursement made pursuant to Section 2.02 (Disbursement Procedure); ; (ii) failing to prepay in accordance with a notice of prepayment; ; (iii) prepaying all or any portion of the Loan Loans; or (iv) after acceleration of the Loans, paying all or a portion of the Loans on a date other than an Interest Payment Date; or (iv) after acceleration of the Loan, paying all or a portion of the Loan on a date other than an Interest Payment Date, then the Borrower Borrowers shall immediately promptly pay to IFC the amount that IFC from time to time notifies to the Borrower Borrowers as being the amount of those costs, expenses and losses incurred. (b) For the purposes of this Section, “costs, expenses or losses” include any premium, penalty or expense incurred to liquidate or obtain third party deposits, borrowings, hxxxxx xxxxxx or swaps in order to make, maintain, fund or hedge all or any part of any Disbursement Loan or prepayment of the any Loan, or any payment of all or part of the Loan Loans upon acceleration.

Appears in 1 contract

Samples: Loan Agreement (BPZ Resources, Inc.)

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Unwinding Costs. (a) If IFC OFID or any Participant incurs any cost, expense or loss as a result of the BorrowerBorrowers: (i) failing to borrow in accordance with a request for Disbursement made pursuant to Section 2.02 (Disbursement Procedure); (ii) failing to prepay in accordance with a notice of prepayment; (iii) prepaying all or any portion of the Loan on a date other than an Interest Payment Date; or (iv) after acceleration of the Loan, paying all or a portion of the Loan on a date other than an Interest Payment Date, ; then the Borrower Borrowers shall immediately pay to IFC OFID the amount that IFC OFID from time to time notifies to the Borrower Borrowers as being the amount of those costs, expenses and losses incurred. (b) For the purposes of this Section, "costs, expenses or losses" include any premium, penalty or expense incurred to liquidate or obtain third party deposits, borrowings, hxxxxx xxxxxx or swaps in order to make, maintain, fund or hedge all or any part of any Disbursement or prepayment of the Loan, or any payment of all or part of the Loan upon acceleration.

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

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