Waiver of Breakage Costs Sample Clauses

Waiver of Breakage Costs. Inasmuch as revolving loans are outstanding under the Existing Credit Agreement immediately prior to the Closing Date, the Borrowers must make prepayments and adjustments on such loans as are necessary to give effect to the Commitments of the Lenders hereunder. The Borrowers, in consultation with the Administrative Agent, have endeavored to manage the allocation of Commitments and the selection of Interest Periods with respect to Term SOFR Rate Loans outstanding on the Closing Date in such a manner as to minimize break-funding costs. Nonetheless, such prepayments of such loans under the Existing Credit Agreement likely will cause breakage costs. Notwithstanding the provisions of Section 2.17.3, each of the Lenders party hereto hereby waives its right to receive compensation or reimbursement for such breakage costs (a) in connection with the reallocation of Revolving Commitment Percentages on the Closing Date and (b) in connection with the resetting of the Interest Period for any Loan outstanding as of the Closing Date.
AutoNDA by SimpleDocs
Waiver of Breakage Costs. Inasmuch as loans are outstanding under the Existing Credit Agreement immediately prior to the Effective Date, the Borrower must make prepayments and adjustments on such loans as are necessary to give effect to the Commitments and Pro Rata Share of Loans of the Lenders set forth on Schedule I attached hereto. The Borrower, in consultation with the Administrative Agent, has endeavored to manage the allocation of Commitments and Loans and the selection of Interest Periods with respect to outstanding Eurodollar Loans in such a manner as to minimize break-funding costs. Nonetheless, such prepayments of such Loans under this Agreement likely will cause breakage costs. Notwithstanding anything to the contrary in the provisions of Section 2.19, each of the Lenders party hereto that was party to the Existing Credit Agreement hereby waives its right to receive compensation or reimbursement for such breakage costs: (a) in connection with the reallocation of Commitments and Pro Rata Share of Loans on the Effective Date; and (b) in connection with any resetting of the Interest Period for Loans outstanding as of the Effective Date.
Waiver of Breakage Costs. Each Second Amendment Consenting Lender waives any right to compensation pursuant to Section 3.05 of the Credit Agreement that such Second Amendment Consenting Lender would otherwise have a right to pursuant to the transactions described in this Amendment to occur on or about the Amendment No. 2 Effective Date.
Waiver of Breakage Costs. Inasmuch as Revolving Loans are outstanding at the time of the increase in the Aggregate Revolving Commitments and reallocation of Applicable Percentages pursuant to this Amendment, the Borrowers must make prepayments and adjustments on the Revolving Loans as are necessary to give effect to such increased Aggregate Revolving Commitments and reallocated Applicable Percentages. The Borrowers, in consultation with the Administrative Agent, have endeavored to manage the allocation of Applicable Percentages and the selection of Interest Periods with respect to outstanding Eurocurrency Rate Loans in such a manner as to minimize break-funding costs. Nonetheless, such prepayments of Revolving Loans likely will cause breakage costs. Notwithstanding the provisions of Section 3.05 of the Agreement, each of the Lenders party hereto hereby waives its right to receive compensation or reimbursement for such breakage costs.
Waiver of Breakage Costs. Inasmuch as the Revolving Loans and Term Loan are outstanding under the Credit Agreement immediately prior to the Second Amendment Effective Date, the Borrower must make prepayments and adjustments on such Loans as are necessary to give effect to the Revolving Commitments and Term Loan of the Lenders set forth on Schedule 2.01 attached hereto. The Borrower, in consultation with the Administrative Agent, has endeavored to manage the allocation of the Commitments, the Term Loan and the selection of Interest Periods with respect to outstanding Eurocurrency Rate Loans in such a manner as to minimize breakage costs. Nonetheless, such prepayments of such Loans under the Credit Agreement likely will cause breakage costs. Notwithstanding the provisions of Section 3.05 of the Credit Agreement, each of the Lenders party hereto hereby waives its right to receive compensation or reimbursement for such breakage costs (a) in connection with the reallocation of the Revolving Commitments and Term Loan on the Second Amendment Effective Date and (b) in connection with any resetting of the Interest Period for the Loans outstanding as of the Second Amendment Effective Date.
Waiver of Breakage Costs. In connection with the payment referred to in Section 3(b) of this First Amendment, each Existing Lender and the Exiting Xxxxxx agrees to waive any compensation for break funding required under Section 2.16 of the Credit Agreement.
Waiver of Breakage Costs. Inasmuch as Revolving Loans are outstanding immediately prior to the Effective Date and reallocation of Applicable Percentages pursuant to this Agreement, the Borrower must make prepayments and adjustments on the Revolving Loans as are necessary to give effect to such increased Revolving Commitments and reallocated Applicable Percentages. The Borrower, in consultation with the Administrative Agent, has endeavored to manage the allocation of Applicable Percentages and the selection of Interest Periods with respect to outstanding Eurodollar Rate Loans in such a manner as to minimize break-funding costs. Nonetheless, such prepayments of Revolving Loans likely will cause breakage costs. Notwithstanding the provisions of Section 3.05, each of the Lenders party hereto hereby waives its right to receive compensation or reimbursement for such breakage costs (a) in connection with the reallocation of Applicable Percentages on the Effective Date and (b) in connection with any resetting of the Interest Period for the Revolving Loans outstanding as of the Effective Date. 126
AutoNDA by SimpleDocs
Waiver of Breakage Costs. Inasmuch as the Revolving Loans and Term Loan are outstanding under the Credit Agreement immediately prior to the Third Amendment Effective Date, the Borrower must make prepayments, adjustments, and/or conversions of such Loans as are necessary to give effect to this Amendment. The Borrower, in consultation with the Administrative Agent, has endeavored to manage the selection of Interest Periods with respect to outstanding Eurocurrency Rate Loans (as defined in the Existing Credit Agreement) in such a manner as to minimize breakage costs. Nonetheless, such prepayments, adjustments, and/or conversions of such Loans under the Credit Agreement likely will cause breakage costs. Notwithstanding the provisions of Section 3.05 of the Credit Agreement, each of the Lenders party hereto hereby waives its right to receive compensation or reimbursement for such breakage costs in connection with any resetting of the Interest Period for the Loans outstanding as of the Third Amendment Effective Date.
Waiver of Breakage Costs. Reallocation of Revolving Commitments; Interest on Outstanding Loans Denominated in Alternative Currencies. CHAR1\0000000x0
Waiver of Breakage Costs. Inasmuch as any Loans (under and as defined in the Credit Agreement) are outstanding at the time of the advance of additional Borrowings on the date hereof and reallocation of Applicable Percentages pursuant to this Amendment, the Borrowers must make prepayments and adjustments on the applicable Loans (under and as defined in the Credit Agreement) as are necessary to give effect to such additional Borrowings and reallocated Applicable Percentages. The Borrowers, in consultation with the Administrative Agent, have endeavored to manage the allocation of Applicable Percentages and the selection of Interest Periods with respect to outstanding Eurodollar Rate Loans (under and as defined in the Credit Agreement) in such a manner as to minimize break-funding costs. Nonetheless, such prepayments of Loans (under and as defined in the Credit Agreement) likely will cause breakage costs. Notwithstanding the provisions of Section 3.05 of the Credit Agreement, to the extent applicable thereto, each Lender party hereto hereby waives its right to receive compensation or reimbursement for such breakage costs (i) in connection with the reallocation of Applicable Percentages on the date hereof pursuant to this Amendment and the transactions contemplated hereby, (ii) in connection with any resetting of the Interest Period for any Loans (under and as defined in the Credit Agreement) outstanding as of the date hereof and (iii) any other prepayment (or deemed prepayment) that occurs in connection with the transactions contemplated hereby to occur on the date hereof. This waiver is a one-time waiver and shall not be construed to be a waiver of, or in any way obligate any Lender to waive, compensation otherwise payable to such Lender under Section 3.05 of the Credit Agreement or Section 3.05 of the Amended Credit Agreement, in each case, in any other circumstance.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!