Common use of LIBO Breakage Fee Clause in Contracts

LIBO Breakage Fee. If and upon (i) any Default by Borrower and acceleration of the Loan by Lendex, xx (ii) any payment of or upon the Loan is made on any day that is not the last day of the Interest Period applicable thereto (regardless of the source of that prepayment and whether voluntary, by acceleration or otherwise), Borrower shall pay a LIBO Breakage Fee in addition to all other sums payable by Borrower at that time.

LIBO Breakage Fee. If and upon (i) any Default by Borrower and acceleration of the Loan by LendexXxxxxx, xx or (ii) any payment of or upon the Loan is made on any day that is not the last day of the Interest Period applicable thereto (regardless of the source of that prepayment and whether voluntary, by acceleration or otherwise), Borrower shall pay a LIBO Breakage Fee in addition to all other sums payable by Borrower at that time.