Payments Before End of Interest Period. The Borrower agrees to -------------------------------------- indemnify and hold the Bank harmless from and against any loss, cost or expense (including interest or fees payable to Banks of funds obtained by it in order to maintain any Eurodollar Loans less reinvestment income, and in any event ---- excluding loss of anticipated profits) it may sustain as a consequence of (a) the Borrower's failure to pay the principal amount of any Eurodollar Loan as and when due (whether at the Expiration Date, by reason of demand or otherwise) or the payment of any Eurodollar Loan on a date that is not the last day of the Interest Period applicable thereto, (b) default by the Borrower in making a borrowing or conversion after the Borrower has given a notice relating thereto, or (c) the making of any payment of a Eurodollar Loan or the making of any conversion of any such Eurodollar Loan to a Base Rate Loan on a day that is not the last day of the applicable Interest Period with respect thereto, including interest or fees payable to Banks of funds obtained in order to maintain any such Eurodollar Loans. The Borrower shall pay such amount within 15 days after presentation by the Bank of a statement setting forth the amount and the Bank's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent demonstrable error.
Payments Before End of Interest Period. If the Borrower for any reason makes any payment or prepayment of principal with respect to any Eurodollar Loan on any day other than the last day of the applicable Interest Period, or fails to borrow, continue or convert to a Eurodollar Loan after giving a Loan request, or if any Eurodollar Loan is accelerated pursuant to Section 8, the Borrower shall pay to the Administrative Agent for the account of the Lenders a makewhole payment pursuant to the following formula: L = (R — T) x P x D 360 L = amount payable to the Administrative Agent for the account of the Lenders R = interest rate on such Loan (excluding the Applicable Margin) T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at the Administrative Agent’s sole discretion, maturing on or near the last day of the then applicable Interest Period and in approximately the same amount as such Loan can be purchased by the Lenders on the day of such payment of principal or failure to borrow, continue or convert P = the amount of principal prepaid or the amount of the requested Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrower shall pay such amount on the last day of the next occurring Interest Period, unless the Borrower is prepaying the Loans, in which case such amount shall be paid on the date of such prepayment. The Administrative Agent shall, on or prior to the first date of such next occurring Interest Period or such date of prepayment, as applicable, present to the Borrower a statement setting forth the Administrative Agent’s calculation of such amount pursuant hereto, which statement shall be deemed true and correct absent manifest error.
