Conditions Applicable. Prepayment of the Loan made under Clauses 6.6 or 6.7 will be made together with accrued interest to the date of prepayment together with all other amounts which may be payable under this Agreement and the other Security Documents. On any such prepayment the Borrower will additionally pay such further amount as will indemnify the Agents and the Lenders against all funding or other fees, costs, charges, losses, demands and expenses sustained or incurred as a consequence of such prepayment, including (but not limited to) any such sustained or incurred in liquidating deposits taken to fund the amount so prepaid or sustained or incurred in connection with the cancellation, reduction or re-arrangement of any interest rate swap, hedge transaction or other funding or financing agreement or arrangement which the Agents and/or any of the Lenders may have arranged or entered into for the purpose of funding the amount so prepaid (and the Borrower hereby acknowledges that the Agents and the Lenders may effect such arrangements as the Agents and/or any of the Lenders may in their discretion consider appropriate), and the certificate of the relevant Agent or Lender as to the amount of such fees, costs, charges, losses, demands, expenses and shall in the absence of manifest error be final and conclusive and binding on the Borrower.
Appears in 2 contracts
Sources: Loan Agreement (Pride International Inc), Loan Agreement (Pride International Inc)