Examples of Breakage Event in a sentence
Each Lender shall provide a certificate setting forth any amount or amounts which such Lender is entitled to receive pursuant to this Section 2.16 to the Borrower within 180 days after the Breakage Event and such certificate shall be conclusive absent manifest error.
Failure or delay on the part of any Lender to demand indemnification under this Section 2.16 shall not constitute a waiver of such right to demand such indemnification; provided that the Borrowers shall not be under any obligation to indemnify any Lender under this Section 2.16 for any claim made more than 180 days after the applicable Breakage Event.
The Requisite Lenders hereby waive the application of Section 2.16(a) with respect to any Breakage Event that may occur as a result of any Fixed Rate Revolving Loan outstanding under the Existing Credit Agreement immediately prior to the Restatement Date being repaid on the Restatement Date.
A certificate of any Lender setting forth in reasonable detail (i) the calculation of any amount or amounts which such Lender is entitled to receive pursuant to this Section 2.16 and (ii) the facts and circumstances giving rise to such entitlement, shall be delivered to the Borrower (in the case of a claim under clause (a) above, within 60 days of the applicable Breakage Event) and shall be conclusive absent manifest error.
The Borrower agrees to indemnify each Lender and to hold each Lender harmless from and against any Breakage Costs arising out of, or related to, a Breakage Event.