Common use of Breakage Amount Clause in Contracts

Breakage Amount. Upon demand of the Alternative Rate Lender from time to time, the Borrower shall promptly compensate the Alternative Rate Lender for and hold the Alternative Rate Lender harmless from any Breakage Amount incurred by it as a result of any of the following, whether such events or failures are voluntary by the Borrower or are mandatory, involuntary or automatic occurrences pursuant to the terms of this Agreement or otherwise: (a) any continuation, conversion, payment or prepayment of any Loan other than continuations to successive Interest Periods during the Alternative Rate Period applicable to any Loan effected in accordance with Section 2.12(c); or (b) any failure to consummate an Alternative Rate Agreement, or to borrow the Loan described in the Alternative Rate Agreement, on the date notified by Borrower; or (c) any Loan as to which an Alternative Rate Agreement is in effect not being continued to successive Interest Periods of like duration during the applicable Alternative Rate Period; or (d) the occurrence of any event or condition described in Sections 2.18, 2.19 or 2.21 which causes a change in, or suspension or termination of, the Original Rate otherwise applicable to any Loan subject to an Alternative Rate Agreement; or (e) the occurrence of any Event of Default which shall not have been waived.