Common use of Conversion; Prepayment Clause in Contracts

Conversion; Prepayment. Borrower may convert LIBOR RateSOFR Loans to Base Rate Loans or prepay SOFR Loans at any time; provided, that in the event that LIBOR RateSOFR Loans are converted or prepaid on any date that is not the last day of the Interest Period applicable thereto, including as a result of any prepayment through the required application by Administrative Agent of any payments or proceeds of Collateral in accordance with Section 10.03(b) or for any other reason, including early termination of the term of this Agreement or acceleration of all or any portion of the Obligations pursuant to the terms hereof, Borrower shall indemnify, defend, and hold Administrative Agent and the Lenders and their Participants harmless against any and all Funding Losses in accordance with Section 3.11(b)(ii).

Conversion; Prepayment. Any Borrower Group may convert LIBOR RateSOFR Rate Loans to Base Rate Loans or prepay SOFR LIBOR Rate Loans at any time; provided, that in the event that LIBOR RateSOFR Rate Loans are converted or prepaid on any date that is not the last day of the Interest Period applicable thereto, including as a result of any prepayment through the required application by Administrative Agent of any payments or proceeds of Collateral in accordance with Section 10.03(b2.4(b) or for any other reason, including early termination of the term of this Agreement or acceleration of all or any portion of the Obligations pursuant to the terms hereof, such Borrower Group shall indemnify, defend, and hold Administrative Agent and the Lenders and their Participants harmless against any and all Funding Losses in accordance with Section 3.11(b)(ii2.12 (b)(ii).

Conversion; Prepayment. A Borrower may convert its LIBOR RateSOFR Rate Loans to Base Rate Loans or prepay SOFR Loans Daily LIBOR Rate Loans, as the case may be, at any time; providedprovided that, that in the event that LIBOR RateSOFR Rate Loans are converted or prepaid on any date that is not the last day of the Interest Period applicable thereto, including as a result of any prepayment through the required application by Administrative Agent of any payments or proceeds of Collateral in accordance with Section 10.03(b2.4(b) or for any other reason, including early termination of the term of this Agreement or acceleration of all or any portion of the Obligations pursuant to the terms hereof, such Borrower shall indemnify, defend, and hold Administrative Agent and the Lenders and their Participants harmless against any and all Funding Losses in accordance with Section 3.11(b)(ii2.12(b)(ii).