Compensating Amount definition

Compensating Amount has the meaning set out in Section 6.2;

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Compensating Amount means an amount determined by the Bank to be the net cost, if any, incurred by the Bank as a direct result of the payment of any amount owing in respect of a Banker’s Acceptance on any date other than the date of maturity for such Banker’s Acceptance, including, without limitation, the loss or expense sustained or incurred by the Bank relating to such payment. A certificate of a manager or account manager of the Bank shall, absent manifest error, be conclusive evidence of the Compensating Amount from time to time;

Compensating Amount means an amount determined by the Bank to be the net cost, if any, incurred by the Bank as a direct result of the repayment of all or a portion of a Loan accruing interest based on LIBOR, on a date other than the expiration of the selected interest period or LIBOR Period, respectively, including, without limitation, the loss or expense sustained or incurred by the Bank relating to such payment based on the rate at which the Bank can lend the

Examples of Compensating Amount in a sentence

• The payment by the Borrower of such Compensating Amount is not, and shall not be deemed to be or construed as, a repayment on account of any Outstanding Principal Obligations.

• The obligation to pay such a Compensating Amount for subsequent periods will continue, subject as herein provided, until the earlier of the payment in full of the Obligations owed to the Lender and the lapse or cessation of the event giving rise to the Compensating Amount.

• The maximum aggregate liability of Normandy under clause 4.2 is the Compensating Amount.

• The obligation to pay such a Compensating Amount for subsequent periods will continue, subject as herein provided, until the earlier of the termination of the Facility affected by the event referred to in the notice given by such Lender to the Borrower or the lapse or cessation of the event giving rise to the Compensating Amount.

• The Borrower shall within thirty (30) days of receipt of such notice from a Lender pay to such Lender the Compensating Amount (or the estimated Compensating Amount) claimed but, if the Compensating Amount claimed and paid is greater or lesser than the Compensating Amount as finally determined, such Lender or the Borrower, as the case may be, shall pay to the other the amount required to adjust the payment to the Compensating Amount required to be paid.

More Definitions of Compensating Amount

Compensating Amount means an amount determined by the Lessor to be the net cost, if any, incurred by the Lessor as a direct result of the prepayment of all or a portion of a Lease in which the additional payment set forth at Section 9.4 accrues interest based on LIBOR on a date other than the expiration of the applicable LIBOR period including, without limitation, the loss or expense sustained or incurred by the Lessor relating to such payment based on the rate at which the Lessor can lend the amount prepaid into the wholesale market for the balance of the applicable LIBOR period. A certificate of the Lessor setting forth the Compensating Amount in reasonable detail shall, absent manifest error, be conclusive evidence of the Compensating Amount.

Compensating Amount means an amount equal to the cumulative amount of cash dividends that would have been paid in respect of the Notional Number of QMI Shares had such shares participated in each and every cash dividend paid or declared in respect of QMI Shares to all or substantially all the holders of the QMI Shares after September 30, 2003, through the Applicable Valuation Date. For purposes of the foregoing, the Notional Number shall be determined as of the record date of each such cash dividend and the amount included in the Compensating Amount shall be such Notional Number multiplied by the cash dividend per share paid to holders of QMI Shares.

Compensating Amount means an amount of $250,000.

Compensating Amount means an amount determined by the Bank to be the net cost, if any, incurred by the Bank as a direct result of the repayment of all or a portion of any advance under any of the Credit Facilities which bears interest at the Bank’s CAD Fixed Rate or Bank’s USD Fixed Rate or based on LIBOR or other rate, on a date other than the expiration of the selected Interest Period or LIBOR Period, including, without limitation, any unwinding costs and other losses or expenses or damages sustained or incurred by the Bank relating to such payment. A confirmation or certificate from the Bank shall, absent manifest error, be conclusive evidence of the Compensating Amount from time to time.

Compensating Amount means an amount determined by the Lessor to be the net cost, if any, incurred by the Lessor as a direct result of the prepayment of all or a portion of a Lease in which the additional payment set forth at Section 10.4 accrues interest based on i) LIBOR on a date other than the expiration of the applicable LIBOR period including, without limitation, the loss or expense sustained or incurred by the Lessor relating to such payment based on the rate at which the Lessor can lend the amount prepaid into the wholesale market for the balance of the applicable LIBOR period; or ii) the CDOR Rate on a date other than the expiration of the applicable 90 day CDOR period including, without limitation, the loss or expense sustained or incurred by the Lessor relating to such payment based on the rate at which the Lessor can lend the amount prepaid into the wholesale market for the balance of the applicable 90 day period. A certificate of the Lessor setting forth the Compensating Amount in reasonable detail shall, absent manifest error, be conclusive evidence of the Compensating Amount.”

Compensating Amount is replaced in its entirety by the following:

Compensating Amount has the meaning given by Section 13.1.