Funding Reimbursement. In the event any Lender shall incur any loss, cost, or expense (including, without limitation, any loss, cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired or contracted to be acquired by such Lender to make any Term Loan bearing interest at the Fixed LIBO Rate or the relending or reinvesting of such deposits or other funds or amounts paid or prepaid to the Administrative Agent, for the benefit of the Lenders) as a result of (i) any failure by the Authority to borrow any Term Loan bearing interest at the Fixed LIBO Rate on any Advance Date for any reason, including without limitation, any termination of the Commitment prior to the related Advance Date pursuant to the terms hereof or (ii) any optional payment or prepayment of any Term Loan bearing interest at the Fixed LIBO Rate on a date other than the last day of the related Rate Period for such Term Loan for any reason, whether before or after default, then upon demand of the Administrative Agent, the Authority shall pay to the Administrative Agent, for the benefit of such Lenders a payment or prepayment premium, as applicable, in such amount as will reimburse such Lenders for such loss, cost, or expense. If the Administrative Agent requests such payment or prepayment premium, as applicable, it shall provide to the Authority a certificate setting forth the computation of the loss, cost, or expense giving rise to the request for such payment or prepayment premium, as applicable in reasonable detail and such certificate shall be conclusive absent manifest error.
Funding Reimbursement. Except for the funding of any Committed Loan, or the funding of any Purchased Loan which contemplates the periodic fundings of advances for construction or rehabilitation and renovation or improvements, the Sellers are under no obligation to make any future advance to any mortgagor under any Purchased Loan or Committed Loan.
Funding Reimbursement. If (a) any payment of a SOFR Loan occurs on a date that is not the last day of an Interest Period for such SOFR Loan, whether because of demand for payment, acceleration, mandatory prepayment, optional prepayment or otherwise, (b) any SOFR Loan requested by the Borrower is not made on the date specified by Borrower in any notice delivered pursuant hereto for any reason other than default by Lender, (c) any SOFR Loan is not prepaid or converted on the date specified in any notice delivered pursuant hereto, (d) any SOFR Loan is not continued as such pursuant to the proviso to Section 2.03(b) or (e) any Base Rate Loan is not converted to a SOFR Loan on the date specified in any notice delivered pursuant hereto, then, in each such case, Borrower shall reimburse Lender for any loss or cost (excluding lost profits) incurred by it resulting therefrom, including (but not limited to) any loss or cost in liquidating or employing deposits acquired to fund or maintain such SOFR Loan. Such reimbursement, if any, shall in no case be deemed to be an amount less than $200.
Funding Reimbursement. If any payment of a Eurodollar Loan occurs on a date that is not the last day of an Interest Period for such Eurodollar Loan, whether because of demand for payment, acceleration, mandatory prepayment, optional prepayment or otherwise (including a Cleanup Payment), or a Eurodollar Loan is not made on the date specified by Borrower for any reason other than default by Lender, Borrower shall reimburse each Lender for any loss or cost (excluding lost profits) incurred by such Lender resulting therefrom, including (but not limited to) any loss or cost in liquidating or employing deposits acquired to fund or maintain such Eurodollar Loan.
Funding Reimbursement. (a) Subject to and contingent upon Subrecipient complying with all requirements of this Agreement, and subject to the availability of HOME funds for the Program, City agrees to reimburse Subrecipient for eligible Program expenses in an amount not to exceed in the aggregate Five-Hundred and Seventy-Five Thousand Dollars (U.S. $575,000).
Funding Reimbursement. In the event the Bank shall incur any loss, cost, or expense (including, without limitation, any loss, cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired or contracted to be acquired by the Bank to make any Revolving Loan bearing interest at the Adjusted Term SOFR Rate or the relending or reinvesting of such deposits or other funds or amounts paid or prepaid to the Bank) as a result of (i) any failure by the Authority to borrow any Revolving Loan bearing interest at the Adjusted Term SOFR Rate on any Advance Date for any reason, including without limitation, any termination of the Commitment prior to the related Advance Date pursuant to the terms hereof, (ii) the conversion of any Revolving Loan bearing interest at the Adjusted Term SOFR Rate other than on the last day of the Rate Period applicable thereto or (iii) any optional payment or prepayment of any Revolving Loan bearing interest at the Adjusted Term SOFR Rate on a date other than the last day of the related Rate Period for such Revolving Loan for any reason, whether before or after default, then upon demand of the Bank, the Authority shall pay to the Bank a payment or prepayment premium, as applicable, in such amount as will reimburse the Bank for such loss, cost, or expense. If the Bank requests such payment or prepayment premium, as applicable, it shall provide to the Authority a certificate setting forth the computation of the loss, cost, or expense giving rise to the request for such payment or prepayment premium, as applicable in reasonable detail and such certificate shall be conclusive absent manifest error.
Funding Reimbursement. In the event the Bank shall incur any loss, cost, or expense (including, without limitation, any loss, cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired or contracted to be acquired by the Bank to make any Revolving Loan bearing interest at the Fixed LIBO Rate or the relending or reinvesting of such deposits or other funds or amounts paid or prepaid to the Bank) as a result of (i) any failure by the Authority to borrow any Revolving Loan bearing interest at the Fixed LIBO Rate on any Advance Date for any reason, including without limitation, any termination of the Commitment prior to the related Advance Date pursuant to the terms hereof or (ii) any optional payment or prepayment of any Revolving Loan bearing interest at the Fixed LIBO Rate on a date other than the last day of the related Rate Period for such Revolving Loan for any reason, whether before or after default, then upon demand of the Bank, the Authority shall pay to the Bank a payment or prepayment premium, as applicable, in such amount as will reimburse the Bank for such loss, cost, or expense. If the Bank requests such payment or prepayment premium, as applicable, it shall provide to the Authority a certificate setting forth the computation of the loss, cost, or expense giving rise to the request for such payment or prepayment premium, as applicable in reasonable detail and such certificate shall be conclusive absent manifest error.
Funding Reimbursement. (a) Through December 31, 1998, Xxxx-Xxxxx shall advance funds necessary for the TV Affiliates to conduct their business in its ordinary course. Such amounts advanced, including the allocated costs of central services provided by Xxxx-Xxxxx, shall be repaid to Xxxx-Xxxxx by MAC America; provided, however, MAC America has approved the level of funding, such approval not to be unreasonably withheld. Such funding shall be reviewed each quarter in advance and Xxxx-Xxxxx shall present a detailed annual plan and quarterly plan to MAC America at least 30 days prior to the start of each calendar quarter. MAC America shall promptly respond to such plans. All amounts expended that are not contemplated in such plans and approved by MAC America will be for Xxxx-Xxxxx' accounts. Reimbursement shall be made at the end of each calendar year commencing with the year ending December 31, 1997, or in the event Xxxx-Xxxxx exercises its option in Section 6 below prior to the end of any year, be set off against the option price or at such time as this agreement is terminated by either party if such termination is prior to the end of a calendar year. Reimbursement shall also include interest at the 30 day Libor rate (in effect for each month) plus 0.5 percent.
Funding Reimbursement. Etc. Notwithstanding anything contained in any L/C Agreement to the contrary: (i) except for the Collateral and as otherwise provided in Section 3.4 hereof, in the absence of an Event of Default, the Issuer will not call for the funding by the Company of any amount under an L/C issued for the Company's account, or for any other form of collateral security for the Company's obligations in connection with such L/C, before being presented with a drawing thereunder, and (ii) if the Issuer is not timely reimbursed for the amount of any drawing under an L/C on the date such drawing is paid, the Company's obligation to reimburse the Issuer for the amount of such drawing shall bear interest at the default rate specified in Section 2.2 hereof. If the Issuer issues any L/C with an expiration date that is automatically extended unless the Issuer gives notice that the expiration date will not so extend beyond its then scheduled expiration date, the Issuer will give such notice of non-renewal before the time necessary to prevent such automatic extension if before such required notice date (i) the expiration date of such L/C if so extended would be after the Revolving Credit Termination Date, or (ii) the Revolving Credit Commitment has been terminated.
Funding Reimbursement. In the event the Bank shall incur any loss, cost, or expense (including, without limitation, any loss, cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired or contracted to be acquired by the Bank to make any Revolving Loan bearing interest at the Daily SOFR Rate or the relending or reinvesting of such deposits or other funds or amounts paid or prepaid to the Bank) as a result of
