Common use of Breakage Fee Clause in Contracts

Breakage Fee. Upon any repayment or payment of a LIBOR Loan or the Fixed Rate Loan on any day that is not the last day of the Interest Period or the Fixed Rate Period applicable thereto (regardless of the source of such repayment or prepayment and whether voluntary, mandatory, by acceleration or otherwise), Borrower shall pay to Administrative Agent, for the benefit of all affected Lenders, an amount (the “Breakage Fee”) equal to the greater of (i) $300 or (ii) the sum of (a) present value of any losses, expenses and liabilities (including any loss (including interest paid but excluding the loss of any applicable margin) sustained by each such affected Lender in connection with the good faith re-employment of such funds) that any such affected Lender may sustain as a result of the payment of such LIBOR Loan or the Fixed Rate Loan on such day plus (b) in the case of the Fixed Rate Loan only, a per annum yield of ½ of 1 percent (0.50%) on the amount of the Fixed Rate Loan for the remaining Fixed Rate Period.