Conversion; Prepayment. Borrowers may convert LIBOR Rate Loans and LIBOR Index Rate Loans to Base Rate Loans or prepay LIBOR Rate Loans and LIBOR Index Rate Loans at any time; provided, that in the event that LIBOR 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 2.4(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, each 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 2.12 (b)(ii).
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Sources: Abl Credit Agreement (Cross Country Healthcare Inc)
Conversion; Prepayment. Borrowers may convert LIBOR Rate Loans and LIBOR Index Rate RateSOFR Loans to Base Rate Loans or prepay LIBOR Rate Loans and LIBOR Index Rate SOFR Loans at any time; provided, however, that in the event that LIBOR Rate 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 automatic prepayment through the required application by Administrative Agent of any payments or proceeds of Collateral Borrowers’ and their Subsidiaries’ CollectionsCollateral in accordance with Section 2.4(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, each 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 2.12 (b)(ii).
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