LIBOR Rate Loan Prepayment Fee definition
Examples of LIBOR Rate Loan Prepayment Fee in a sentence
The resulting amount of these calculations shall be the LIBOR Rate Loan Prepayment Fee.
If the result of this calculation is zero or a negative number, then there shall be no LIBOR Rate Loan Prepayment Fee.
If the result of the foregoing calculation is zero or a negative number, then there shall be no LIBOR Rate Loan Prepayment Fee.
Borrower further agrees to pay the LIBOR Rate Loan Prepayment Fee and other funding losses, if any, whether or not Lender elects to purchase, sell and/or match funds.
Borrower understands, agrees and acknowledges that (i) Lender does not have any obligation to purchase, sell and/or match funds in connection with the use of the LIBOR Rate as a basis for calculating the rate of interest on a LIBOR Rate Loan, (ii) the LIBOR Rate may be used merely as a reference in determining such rate, and (iii) Borrower has accepted the LIBOR Rate as a reasonable and fair basis for calculating such rate, the LIBOR Rate Loan Prepayment Fee, and other funding losses incurred by Lender.
The Borrowers further agree to pay the LIBOR Rate Loan Prepayment Fee and other funding losses, if any, whether or not the Administrative Agent and/or the Lenders elect to purchase, sell and/or match funds.
Any prepayment premium due and owing to the Bank pursuant to this Section 21 shall be in addition to any LIBOR Rate Loan Prepayment Fee due and owing pursuant to Section 5 hereof.
Except for the prepayment fee referred to in this Section 20(b), the LIBOR Rate Loan Prepayment Fee, the obligations provided for under the terms of any Hedging Contract that relates to a prepaid LIBOR Rate Loan, and any other fees specified under this Agreement, Loans may be prepaid without penalty or premium at any time.
The resulting amount of these calculations shall be the then applicable LIBOR Rate Loan Prepayment Fee.
If the result of the calculation in subsection 0 is zero or a negative number, then there shall be no LIBOR Rate Loan Prepayment Fee.