Examples of Funding Losses in a sentence
In the event of any such payment, each Lender which had funded the Term SOFR Rate Loan or Quoted Rate Loan being paid shall, promptly after being notified of such payment, send written notice (“Funding Loss Notice”) to the Administrative Agent by telecopier or electronic transmission setting forth the amount of attributable Funding Losses.
The Administrative Agent shall notify Borrower in writing of the amount of such Funding Losses in the form of a certificate from such Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section 4.7. A determination by a Lender as to the amounts payable pursuant to this Section 4.7 shall be conclusive absent manifest error.
CHANGE IN CIRCUMSTANCES 78 4.1 Taxes 78 4.2 Illegality 82 4.3 Inability to Determine Rates 83 4.4 Permanent Discontinuance of SOFR and Other Benchmarks 83 4.5 Increased Cost and Capital Adequacy 87 4.6 Funding Losses 89 4.7 Requests for Compensation 89 4.8 Survival 90 4.9 Mitigation Obligations; Replacement of Lenders 90 4.10 Cash Collateral 91 5.