Common use of LIBOR Breakage Fee Clause in Contracts

LIBOR Breakage Fee. In the event of any payment of a LIBOR Loan on any day that is not the last day of the Interest Period applicable thereto (regardless of the source of such prepayment and whether voluntary, by acceleration or otherwise), Borrower shall pay Agent, for the benefit of all affected Lenders, an amount (the "LIBOR Breakage Fee") equal to the amount of any losses, expenses and liabilities (including, without limitation, any loss (including interest paid) sustained by each such affected Lender in connection with the re-employment of such funds) that any such affected Lender may sustain as a result of the payment of such LIBOR Loan on a day that is not the last day of the Interest Period applicable thereto. Agent, on behalf of all affected Lenders, shall submit a certificate to Borrower demonstrating in reasonable detail the calculation of any LIBOR Breakage Fee and requiring payment thereof to Agent for the benefit of the affected Lenders within ten (10) days after the date of such certificate.