Common use of LIBOR Breakage Fee Clause in Contracts

LIBOR Breakage Fee. Upon (i) any default by any Borrower in making any borrowing of, conversion into or continuation of any LIBOR Loan following Borrower Representative's delivery to Agent of any LIBOR Loan request in respect thereof or (ii) any payment of a LIBOR Loan, or conversion of a LIBOR Loan into an Index Rate Loan pursuant to Section 1.8, in each instance, on any day that is not the last day of the LIBOR Period applicable thereto (regardless of the source of such prepayment or reason for such conversion and whether voluntary, by acceleration or otherwise), Borrowers shall pay Agent, for the ratable benefit of all Lenders that funded or were prepared to fund any such LIBOR Loan, the LIBOR Breakage Fee.

LIBOR Breakage Fee. Upon (i) any default by any Borrower in making any borrowing of, conversion into or continuation of any LIBOR Loan following Borrower Representative's delivery to Agent of any LIBOR Loan request in respect thereof or (ii) any payment of a LIBOR Loan, or conversion of a LIBOR Loan into an Index Rate Loan pursuant to Section 1.8, in each instance, on any day that is not the last day of the LIBOR Period applicable thereto (regardless of the source of such prepayment or reason for such conversion and whether voluntary, by acceleration or otherwise), Borrowers shall pay Agent, for the ratable benefit of all Lenders that funded or were prepared to fund any such LIBOR Loan, the LIBOR Breakage Fee.