Conversion; Prepayment. Borrower may convert SOFR Advances to Base Rate Advances or prepay SOFR Advances at any time in accordance with the provisions of Section 2.6(b) and Section 2.7; provided, that in the event that SOFR Advances 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 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 2.11(b)(ii).
Appears in 2 contracts
Sources: Credit Agreement (Select Water Solutions, Inc.), Credit Agreement (Select Energy Services, Inc.)