Compensating Amount has the meaning set out in Section 6.2;
Compensating Amount means an amount determined by the Bank to be the net cost, if any, incurred by the Bank as a direct result of the payment of any amount owing in respect of a Banker’s Acceptance on any date other than the date of maturity for such Banker’s Acceptance, including, without limitation, the loss or expense sustained or incurred by the Bank relating to such payment. A certificate of a manager or account manager of the Bank shall, absent manifest error, be conclusive evidence of the Compensating Amount from time to time;
Compensating Amount has the meaning set out in Section 6.2.
Examples of Compensating Amount in a sentence
Breaker must pay the Compensating Amount to the Bidder within 10 Business Days of receipt of the demand.
The payment by the Borrower of such Compensating Amount is not, and shall not be deemed to be or construed as, a repayment on account of any Outstanding Principal Obligations.
The obligation to pay such a Compensating Amount for subsequent periods will continue, subject as herein provided, until the earlier of the payment in full of the Obligations owed to the Lender and the lapse or cessation of the event giving rise to the Compensating Amount.
The maximum aggregate liability of Normandy under clause 4.2 is the Compensating Amount.
The certificate of a Lender with respect to the Compensating Amount shall be final and conclusive in the absence of manifest error.
More Definitions of Compensating Amount
Compensating Amount means an amount determined by the Bank to be the net cost, if any, incurred by the Bank as a direct result of the repayment of all or a portion of a Loan accruing interest based on LIBOR, on a date other than the expiration of the selected interest period or LIBOR Period, respectively, including, without limitation, the loss or expense sustained or incurred by the Bank relating to such payment based on the rate at which the Bank can lend the amount prepaid into the wholesale market for balance of the said interest period or LIBOR Period. A certificate of a manager or account manager of the Bank shall, absent manifest error, be conclusive evidence of the Compensating Amount from time to time.
Compensating Amount means an amount determined by the Lessor to be the net cost, if any, incurred by the Lessor as a direct result of the prepayment of all or a portion of a Lease in which the additional payment set forth at Section 10.4 accrues interest based on LIBOR on a date other than the expiration of the applicable LIBOR period including, without limitation, the loss or expense sustained or incurred by the Lessor relating to such payment based on the rate at which the Lessor can lend the amount prepaid into the wholesale market for the balance of the applicable LIBOR period. A certificate of the Lessor setting forth the Compensating Amount in reasonable detail shall, absent manifest error, be conclusive evidence of the Compensating Amount.
Compensating Amount means an amount equal to the cumulative amount of cash dividends that would have been paid in respect of the Notional Number of QMI Shares had such shares participated in each and every cash dividend paid or declared in respect of QMI Shares to all or substantially all the holders of the QMI Shares after September 30, 2003, through the Applicable Valuation Date. For purposes of the foregoing, the Notional Number shall be determined as of the record date of each such cash dividend and the amount included in the Compensating Amount shall be such Notional Number multiplied by the cash dividend per share paid to holders of QMI Shares.
Compensating Amount means an amount determined by the Bank to be the net cost, if any, incurred by the Bank as a direct result of the repayment of all or a portion of a Loan accruing interest based on the Bank's Fixed Cost of Funds or LIBOR, or with respect to any portion of the Loans drawn down by way of Bankers Acceptances or Interest Rate Swap Agreement on a date other than the expiration of the selected interest period or LIBOR Period or maturity date of a Bankers Acceptance or an Interest Rate Swap Agreement, respectively, including, without limitation, the loss or expense sustained or incurred by the Bank relating to such payment. A certificate of a manager or account manager of the Bank shall, absent manifest error, be conclusive evidence of the Compensating Amount from time to time;
Compensating Amount means an amount of $250,000.
Compensating Amount is replaced in its entirety by the following:
Compensating Amount means an amount determined by the Lessor to be the net cost, if any, incurred by the Lessor as a direct result of the prepayment of all or a portion of a Lease in which the additional payment set forth at Section 10.4 accrues interest based on i) LIBOR on a date other than the expiration of the applicable LIBOR period including, without limitation, the loss or expense sustained or incurred by the Lessor relating to such payment based on the rate at which the Lessor can lend the amount prepaid into the wholesale market for the balance of the applicable LIBOR period; or ii) the CDOR Rate on a date other than the expiration of the applicable 90 day CDOR period including, without limitation, the loss or expense sustained or incurred by the Lessor relating to such payment based on the rate at which the Lessor can lend the amount prepaid into the wholesale market for the balance of the applicable 90 day period. A certificate of the Lessor setting forth the Compensating Amount in reasonable detail shall, absent manifest error, be conclusive evidence of the Compensating Amount.”