Payments Not at End of Interest Period. If the Borrowers for any reason make any payment of principal with respect to any LIBOR Rate Loan on any day other than the last day of the Interest Period applicable to such LIBOR Rate Loan, including without limitation by reason of acceleration, or fail to borrow a LIBOR Rate Loan after electing a LIBOR Pricing Option with respect thereto pursuant to Section 2.6, the Borrowers shall pay to the Agent, jointly and severally, for the ratable account of the Lenders, any amounts required to compensate the Lenders for any additional losses, costs or expenses which they may reasonably incur as a result of such payment or failure to borrow, including without limitation, any loss, including lost profits, costs or expenses incurred by reason of the liquidation, reutilization or reemployment of deposits or other funds acquired by the Lenders to fund or maintain such LIBOR Rate Loan. Such compensation may include, without limitation, an amount equal to (a) the amount of interest which would have accrued on the amount so paid or not borrowed, for the period from the date of such payment or failure to borrow, to the last day of the then current Interest Period for such LIBOR Rate Loan (or, in the case of a failure to borrow, to the last day of the Interest Period for the LIBOR Rate Loan which would have commenced on the date of such failure to borrow), at the applicable rate of interest for such LIBOR Rate Loan provided for herein MINUS (b) the amount of interest (as reasonably determined by the Agent), which would accrue and become payable to the Lenders during such period on the principal repaid or not borrowed if the Lenders, following such repayment or failure to borrow, were to reinvest such principal in U.S. Treasury securities selected by the Agent in an amount equal (as nearly as may be) to the principal so repaid or not borrowed and having a term equal (as near as may be) to such period. The Borrowers, jointly and severally, shall pay such amount upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.
Payments Not at End of Interest Period. If a Borrower for any reason makes any payment of principal with respect to any Eurodollar Loan or Bankers' Acceptance Loan on any day other than the last day of an Interest Period applicable to such Eurodollar Loan or Bankers' Acceptance Loan, or fails to borrow or continue or convert to a Eurodollar Loan or Bankers' Acceptance Loan after giving a Notice of Borrowing or Conversion pursuant to Section 2B.1, such Borrower shall pay to the Agent for the respective accounts of the U.S. Banks, or to the Canadian Bank, as applicable, an amount computed pursuant to the following formula: L = (R - T) x P x D --------------- 360 Where: L = amount payable to the Agent for the accounts of the U.S. Banks or to the Canadian Bank R = interest rate on such Revolving Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at the Agent's sole discretion, or other obligation of Canada, selected at the Canadian Bank's sole discretion, maturing on or near the last day of the then applicable Interest Period of such Revolving Loan and in approximately the same amount as such Revolving Loan can be purchased by the Agent or the Canadian Bank on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested Revolving 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 U.S. Borrower or Canadian Borrower, as the case may be, shall pay such amount upon presentation by the Agent or the Canadian Bank of a statement setting forth in reasonable detail the amount and the Agent's or the Canadian Bank's calculation thereof pursuant hereto, which statement shall be prima facie evidence thereof. In the event a Borrower elects to make any payment of principal with respect to any Eurodollar Loan or Bankers' Acceptance Loan prior to the last day of the applicable Interest Period, such payment shall be made solely upon at least three (3) days prior written notice of the Borrower's intention to make such payment.
Payments Not at End of Interest Period. If the Borrower make any payment of principal with respect to any Eurodollar Loan on any day other than the last day of the Interest Period applicable to such Eurodollar Loan, then Borrower shall reimburse the Bank on demand for any loss, cost or expense incurred by the Bank as a result of the timing of such payment or in redepositing such principal amount, including the sum of (i) the cost of funds to the Bank in respect of such principal amount so paid, for the remainder of the Interest Period applicable to such sum, reduced, if the Bank is able to redeposit such principal amount so paid for the balance of the Interest Period, by the interest earned by Bank as a result of so redepositing such principal amount, plus (ii) any expense or penalty incurred by the Bank in redepositing such principal amount. A certificate of Bank setting forth the basis for the determination of the amount owed by Borrower pursuant to this Section 5(g) shall be delivered to the Borrower and shall be conclusive in the absence of manifest error.
Payments Not at End of Interest Period. If the Company for any -------------------------------------- reason makes any payment of principal with respect to any Eurodollar Loan on any day other than the last day of the Interest Period applicable to such Eurodollar Loan, or fails to borrow a Eurodollar Loan after giving a Notice of Borrowing pursuant to Section 2.2, the Company shall pay to the Bank an amount computed pursuant to the following formula: L = (R - T) x P x D --------------- 360 L = amount payable to the Bank R = interest rate on such Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at the Bank's sole discretion, maturing on or near the last day of the Interest Period of such Loan and in approximately the same amount as such Loan can be purchased by the Bank on the day of such payment of principal or failure to borrow 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 Company shall pay such amount upon 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 manifest error.
Payments Not at End of Interest Period. If the Borrower for any reason makes any payment of principal with respect to any LIBOR Loan on any day other than the last day of an Interest Period applicable to such LIBOR Loan, or fails to borrow or continue or convert to a LIBOR Loan after giving a Notice of Borrowing or Conversion pursuant to Section 2.4, the Borrower shall pay to the Administrative Agent for the respective accounts of the Banks an amount computed pursuant to the following formula: L = (R - T) x P x D --------------- 360 L = amount payable to the Administrative Agent for the accounts of the Banks R = interest rate on such Loan T = yield to maturity of 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 of such Loan and in approximately the same amount as such Loan 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 upon presentation by the Administrative Agent of a statement setting forth the amount and the Administrative Agent's calculation thereof (in reasonable detail) pursuant hereto, which statement shall be deemed prima facia evidence of the amount owed.
Payments Not at End of Interest Period. If a Borrower for any reason makes any payment of principal with respect to any LIBOR Rate Loan on any day other than the last day of the Interest Period applicable to such LIBOR Rate Loan, including without limitation by reason of acceleration, or fails to borrow a LIBOR Rate Loan after electing a LIBOR Pricing Option with respect thereto pursuant to Section 2.2(a) or 2.8, the Borrowers, jointly and severally, shall pay to the Agent, for the account of the Banks, an amount computed pursuant to the following formula: L = (R - T) X P X D --------------- 360 L = amount payable to the Agent R = interest rate on such LIBOR Rate Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected in the Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such LIBOR Rate Loan and in approximately the same amount as such LIBOR Rate Loan can be purchased by the Agent on the day of such payment of principal or failure to borrow P = the amount of principal prepaid or the amount of the requested LIBOR Rate 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 Borrowers shall pay such amount upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.
Payments Not at End of Interest Period. If the Company for any reason makes any payment of principal with respect to any LIBOR Loan on any day other than the last day of an Interest Period applicable to such Loan or fails to borrow or continue, or convert to, a LIBOR Loan after giving a Notice of Borrowing or Notice of Continuation or Conversion, the Company shall pay to the Bank an amount equal to all Breakage Costs associated therewith (which amounts shall be disclosed to the Company in reasonable detail). The Company shall pay such amount within ten (10) Business Days of receipt by the Company of a statement therefor.
Payments Not at End of Interest Period. If the Borrowers make any -------------------------------------- payment of principal with respect to any Adjusted Libor Rate Loan on any day other than the last day of the Interest Period applicable to such Adjusted Libor Rate Loan, the Borrowers shall reimburse the Bank on demand the Consequential Loss incurred by the Bank as a result of the timing of such payment. A certificate of the Bank setting forth the basis for the determination of the amount of Consequential Loss shall be delivered to the Borrowers and shall, in the absence of manifest error, be conclusive and binding. Any conversion of an Adjusted Libor Rate Loan to a different Interest Option on any day other than the last day of the Interest Period for such Adjusted Libor Rate Loan shall be deemed a payment for purposes of this Section.
Payments Not at End of Interest Period. If Borrower makes any payment of principal with respect to any LIBOR Loan on any day other than the last day of an Interest Period applicable to such LIBOR Loan, then Borrower shall reimburse Lender on demand the Consequential Loss incurred by Lender as a result of the timing of such payment. A certificate of Lender setting forth in reasonable detail the basis for the determination of the amount of Consequential Loss shall be delivered to Borrower by Lender and shall, in the absence of demonstrable error, be conclusive and binding. Any Conversion of a LIBOR Loan to a Base Rate Loan on any day other than the last day of the Interest Period for such LIBOR Loan shall be deemed a payment for purposes of this subsection.
Payments Not at End of Interest Period. If Borrower makes any payment of principal with respect to any LIBOR Advance on any day other than the last day of an Interest Period applicable to such LIBOR Advance (other than any such payment required by Section 2.6(b)(ii)(B) hereof), then Borrower shall reimburse Lenders on demand the Consequential Loss incurred by Lenders as a result of the timing of such payment. A certificate of any Lender setting forth in reasonable detail the basis for the determination of the amount of Consequential Loss shall be delivered to Borrower by Agent and shall, in the absence of manifest error, be conclusive and binding. Any conversion of a LIBOR Advance to a Base Rate Advance on any day other than the last day of the Interest Period for such LIBOR Advance shall be deemed a payment for purposes of this Section 2.6(e).
