Common use of Certain Compensation Clause in Contracts

Certain Compensation. The Borrowers shall pay to the Agent for the account of each Bank, upon the request of such Bank through the Agent, such amount or amounts as shall be sufficient (in the reasonable opinion of such Bank) to compensate it for any loss, cost or expense which such Bank determines is attributable to: (a) any payment, prepayment, conversion or renewal of a Fixed Rate Loan made by such Bank on a date other than the last day of an Interest Period for such Loan (whether by reason of acceleration or otherwise); or (b) any failure by the Borrowers to borrow, convert into or renew a Fixed Rate Loan to be made, converted into or renewed by such Bank on the date specified therefor in the relevant notice under Section 2.4, 2.5 or 2.6, as the case may be. Without limiting the foregoing, such compensation shall include an amount equal to the excess, if any, of: (i) the amount of interest which otherwise would have accrued on the principal amount so paid, prepaid, converted or renewed or not borrowed, converted or renewed for the period from and including the date of such payment, prepayment or conversion or failure to borrow, convert or renew to but excluding the last day of the then current Interest Period for such Loan (or, in the case of a failure to borrow, convert or renew, to but excluding the last day of the Interest Period for such Loan which would have commenced on the date specified therefor in the relevant notice) at the applicable rate of interest for such Loan provided for herein; over (ii) the amount of interest (as reasonably determined by such Bank) such Bank would have bid in the London interbank market for Dollar deposits for amounts comparable to such principal amount and

Appears in 1 contract

Sources: Credit Agreement (Amscan Holdings Inc)

Certain Compensation. The Borrowers Borrower shall pay to the Agent for the account of each Bank, upon the request of such Bank through the AgentBank, such amount or amounts as shall be sufficient (in the reasonable opinion of such the Bank) to compensate it for any loss, cost or expense which such the Bank determines is attributable to: (a1) any payment, prepayment, conversion Conversion or renewal Continuation of a Fixed Rate LIBOR Loan made by such the Bank on a date other than the last day of an Interest Period for such Loan (whether by reason of acceleration or otherwise); or (b2) any failure by the Borrowers Borrower for any reason to borrow, convert into Convert or renew Continue a Fixed Rate LIBOR Loan to be made, converted into Converted or renewed Continued by such the Bank on the date specified therefor in the relevant notice under Section 2.4, 2.5 or 2.6, as issued by the case may beBorrower. Without limiting the foregoing, such compensation shall include an amount equal to the excess, if any, of: of (i1) the amount of interest which otherwise would have accrued on the principal amount so paid, prepaid, converted Converted or renewed Continued or not borrowed, converted Converted or renewed Continued for the period from and including the date of such payment, prepayment prepayment, Conversion or conversion Continuation or failure to borrow, convert Convert or renew Continue to but excluding the last day of the then current Interest Period for such LIBOR Loan (or, in the case of a failure to borrow, convert or renew, to but excluding the last day of the Interest Period for such Loan which would have commenced on the date specified therefor in the relevant notice) at the applicable rate of interest for such Loan provided for herein; over (ii) the amount of interest (as reasonably determined by such Bank) such Bank would have bid in the London interbank market for Dollar deposits for amounts comparable to such principal amount andcase

Appears in 1 contract

Sources: Credit Agreement (Unitel Video Inc/De)

Certain Compensation. The Borrowers shall pay to the Agent for the account of each Bank, upon the request of such Bank through the AgentBank, such amount or amounts as shall be sufficient (in the reasonable opinion of such the Bank) to compensate it for any loss, cost or expense which such the Bank determines is attributable to: (a) any payment, prepayment, conversion or renewal of a Fixed Rate LIBOR Loan made by such Bank on a date other than the last day of an Interest Period for such Revolving Loan (whether by reason of acceleration or otherwise); or (b) any failure by the Borrowers to borrow, convert into or renew a Fixed Rate LIBOR Loan to be made, converted into or renewed by such the Bank on the date specified therefor in the relevant notice under Section 2.4, 2.5 or 2.62.13, as the case may be. Without limiting the foregoing, such compensation shall include an amount equal to the excess, if any, of: (i) the amount of interest which otherwise would have accrued on the principal amount so paid, prepaid, converted or renewed or not borrowed, converted or renewed for the period from and including the date of such payment, prepayment or conversion or failure to borrow, convert or renew to but excluding the last day of the then current Interest Period for such Revolving Loan (or, in the case of a failure to borrow, convert or renew, to but excluding the last day of the Interest Period for such Loan which would have commenced on the date specified therefor in the relevant notice) at the applicable rate of interest for such Loan provided for herein; over (ii) the amount of interest (as reasonably determined by such Bank) such Bank would have bid in the London interbank market for Dollar deposits for amounts comparable to such principal amount and18 17

Appears in 1 contract

Sources: Credit Agreement (Transact Technologies Inc)

Certain Compensation. The Borrowers shall pay to the Agent for the account of each Bank, upon the request of such Bank through the AgentBank, such amount or amounts as shall be sufficient (in the reasonable opinion of such the Bank) to compensate it for any loss, cost or expense which such the Bank determines is attributable to: (a) any payment, prepayment, conversion or renewal of a Fixed Rate LIBOR Loan made by such Bank on a date other than the last day of an Interest Period for such Revolving Loan (whether by reason of acceleration or otherwise); or (b) any failure by the Borrowers to borrow, convert into or renew a Fixed Rate LIBOR Loan to be made, converted into or renewed by such the Bank on the date specified therefor in the relevant notice under Section 2.4, 2.5 or 2.62.13, as the case may be. Without limiting the foregoing, such compensation shall include an amount equal to the excess, if any, of: (i) the amount of interest which otherwise would have accrued on the principal amount so paid, prepaid, converted or renewed or not borrowed, converted or renewed for the period from and including the date of such payment, prepayment or conversion or failure to borrow, convert or renew to but excluding the last day of the then current Interest Period for such Revolving Loan (or, in the case of a failure to borrow, convert or renew, to but excluding the last day of the Interest Period for such Loan which would have commenced on the date specified therefor in the relevant notice) at the applicable rate of interest for such Loan provided for herein; over (ii) the amount of interest (as reasonably determined by such Bank) such Bank would have bid in the London interbank market for Dollar deposits for amounts comparable to such principal amount and,

Appears in 1 contract

Sources: Credit Agreement (Tridex Corp)