Common use of Prepayment of LIBO Rate Loans Clause in Contracts

Prepayment of LIBO Rate Loans. In the event that any prepayment of a Loan accruing interest on a variable rate based on a LIBO Rate on a date other than the last Banking Day of the then current LIBO Rate Interest Period with respect thereto, Borrower shall indemnify Lender for any increase costs to Lender resulting from such prepayment.”

Prepayment of LIBO Rate Loans. In the event that any prepayment of a Loan accruing interest on a variable rate based on a LIBO Rate on a date other than the last Banking Day of the then current LIBO Rate Interest Period with respect thereto, Borrower the Company shall indemnify Lender the Bank for any increase costs to Lender the Bank resulting from such prepayment.”