Examples of Corresponding Amount in a sentence
ECC shall however not be required to replace lost Custodial Allowances by Replacement Allowances or to compensate Member States by transferring the Corresponding Amount as provided in the previous paragraph, if and to the extent that ECC can prove that a Loss arose as a result of an external event beyond its control, the consequences of which would have been unavoidable despite all reasonable efforts to the contrary (“Force Majeure Loss”).
If such Term Lender or Revolving Lender, as the case may be, does not pay such Corresponding Amount forthwith upon Administrative Agent’s demand therefor, Administrative Agent shall promptly notify Borrower and Borrower shall immediately pay such Corresponding Amount to Administrative Agent together with interest thereon, for each day from such Credit Date until the date such amount is paid to Administrative Agent, at the rate payable hereunder for Base Rate Loans for such Loans.