Funding Losses definition
Examples of Funding Losses in a sentence
All prepayments under this Section 2.08 and Section 2.09 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a SOFR Loan on a date other than the last day of an Interest Period therefor, Funding Losses.
Borrower shall have the right, without premium or penalty but subject to Section 2(r) (Funding Losses), to prepay all or a portion of the Advances together with any accrued and unpaid interest thereon; provided that each optional partial prepayment shall be in an aggregate amount not less than $[ ] (or such other amount as Lender may accept).
Each notice of prepayment shall be revocable, provided that, within five Business Days of receiving a written demand for such reimbursement which sets forth the calculation of such Funding Losses in reasonable detail, the Borrowers shall reimburse the Lenders for all Funding Losses associated with the revocation of any notice of prepayment.