Interest Compensation Sum definition
Interest Compensation Sum means an amount equal to the sum of (i) the amount by which (1) exceeds (2) wherein (1) is the amount of interest that would have been paid hereunder for the balance of the term of the applicable Interest Period on the amount being prepaid, and (2) is the amount of interest that would be earned by Lender on deposits placed by Lender in the London interbank market at 11:00 a.m. (London time) (or as soon thereafter as practicable) on the first Business Day after the prepayment in an amount approximately equal or comparable to the amount being prepaid and having a maturity equal or approximately equal to the unexpired portion of the applicable Interest Period and (ii) all actual, out-of-pocket costs and expenses of Lender incurred as a result of such prepayment. If Lender shall not, for whatever reason, be able to place deposits in the London interbank market as provided above in an amount equal or approximately equal to the amount being prepaid and having a maturity equal or approximately equal to the unexpired portion of the applicable Interest Period, then the Interest Compensation Sum shall be (x) an amount equal to the amount by which (1) above exceeds the amount of interest paid by the United States Government upon United States Government securities backed by the full faith and credit of the United States Government in an amount equal or approximately equal to the amount being prepaid and having a maturity equal or approximately equal to the unexpired portion of the applicable Interest Period and (y) all other reasonable actual, out-of-pocket costs and expenses of Lender incurred as a result of such prepayment.
Interest Compensation Sum means an amount equal to (1) the amount of the Loan being prepaid, multiplied by (2) the Libor Rate, multiplied by (3) a fraction, the numerator of which is the number of days from and including the date of prepayment to and including the last day of the then current Interest Period and the denominator of which is 360.
Interest Compensation Sum means an amount equal to the sum of (i) the greater of (A) the amount by which (1) exceeds (2) wherein (1) is the amount of interest which would have been paid hereunder for the balance of the respective Interest Period applicable to the portion of the Loan being prepaid, and (2) is the amount of interest which would be earned by Lender on deposits placed by Lender in the London interbank market at 11:00 a.m. (London time) (or as soon thereafter as practicable) on the date of the prepayment in an amount approximately equal or comparable to the amount of the Loan being prepaid and having a maturity equal or approximately equal to the unexpired portion of such Interest Period or (B) the product of (1) the Applicable Margin and (2) the portion of the Loan being prepaid, multiplied by (3) a fraction, the numerator of which is the number of days from and including the date of prepayment to and including the last day of the then current Interest Period and the denominator of which is 360, plus (ii) all other costs and expenses of Lender incurred as a result of such prepayment. If Lender shall not, for reasons not within the control of Lender, be able to place deposits in the London interbank market as provided above in an amount equal or approximately equal to the amount of the Loan being prepaid and having a maturity equal or approximately equal to the unexpired portion of the respective Interest Period applicable to such portion of the Loan, then the amount described in clause (i)(A) of this Section 1.03(a)(xv) shall be replaced with an amount equal to the amount by which (1) in said clause (i)(A) exceeds the amount of interest paid by the United States Government upon United States Government securities backed by the full faith and credit of the United States Government in an amount equal or approximately equal to the amount of the Loan being prepaid and having a maturity equal or approximately equal to the unexpired portion of the Interest Period applicable to such portion of the Loan.