Common use of Notices Irrevocable Clause in Contracts

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender against any loss, out-of-pocket cost, or expense incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III including any loss (including any loss of anticipated profits), cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 14 contracts

Samples: Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Callon Petroleum Co), Credit Agreement (Abraxas Petroleum Corp)

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Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender against any loss, out-of-pocket cost, or expense incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III including including, without limitation, any loss (including any loss of anticipated profits), cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 13 contracts

Samples: Credit Agreement (Silver Run Acquisition Corp II), Credit Agreement (Alta Mesa Holdings, LP), Credit Agreement (Alta Mesa Holdings, LP)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender Bank against any loss, out-of-pocket cost, or expense incurred by such Lender Bank as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III including including, without limitation, any loss (including any loss of anticipated profits)loss, cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender Bank to fund the Advance to be made by such Lender Bank as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 5 contracts

Samples: Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the each Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower Borrowers shall indemnify each Lender against any loss, out-of-pocket cost, or expense incurred by such Lender as a result of any failure by the any Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III including including, without limitation, any loss (including any loss of anticipated profits)loss, cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 4 contracts

Samples: Credit Agreement (Mariner Energy Inc), Credit Agreement (Mariner Energy Resources, Inc.), Credit Agreement (Contango Oil & Gas Co)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation Continuation, once delivered, shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender Bank against any loss, out-of-pocket cost, cost or expense incurred by such Lender Bank as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing Borrowing, the applicable conditions set forth in Article III including III, including, without limitation, any loss (including any loss of anticipated profits), cost, cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender Bank to fund the Advance to be made by such Lender Bank as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 4 contracts

Samples: Credit Agreement (Crosstex Energy Lp), Credit Agreement (Crosstex Energy Lp), Credit Agreement (Crosstex Energy Lp)

Notices Irrevocable. Each Notice of Borrowing and each Notice of Continuation/Conversion or Continuation delivered by the Borrower shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Continuation/Conversion specifying Eurodollar Rate AdvancesLoans, the Borrower shall indemnify each applicable Lender against any loss, out-of-pocket cost, cost or expense actually incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the Borrowing Date or the date specified in such Notice of Borrowing Continuation/Conversion for such Borrowing Loan the applicable conditions precedent set forth in Article III including III, including, without limitation, any loss (including any loss of anticipated profits)loss, cost, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance Loan to be made by such Lender as part of such Borrowing when such AdvanceLoan, as a result of such failure, is not made on such date.

Appears in 3 contracts

Samples: Credit Agreement (Vantage Drilling International), Credit Agreement, Credit Agreement

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation Continuation, once delivered, shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender against any loss, reasonable out-of-pocket cost, cost or expense incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing Borrowing, the applicable conditions set forth in Article III including that are not otherwise waived in writing, including, without limitation, any loss (including any loss of anticipated profits), cost, cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 3 contracts

Samples: Credit Agreement (Holly Energy Partners Lp), Credit Agreement (Holly Energy Partners Lp), Security Agreement (Holly Energy Partners Lp)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Term Benchmark Advances, the Borrower shall indemnify each Lender against any loss, out-of-pocket cost, or expense incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III including any loss (including any loss of anticipated profits), cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 2 contracts

Samples: Credit Agreement (TXO Partners, L.P.), Credit Agreement (MorningStar Partners, L.P.)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation Continuation, once delivered, shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate SOFR Advances, the Borrower shall indemnify each Lender against any loss, reasonable out-of-pocket cost, cost or expense incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing Borrowing, the applicable conditions set forth in Article III including that are not otherwise waived in writing, including, without limitation, any loss (including any loss of anticipated profits), cost, cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 2 contracts

Samples: Credit Agreement (HF Sinclair Corp), Credit Agreement (Holly Energy Partners Lp)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall shall, and does hereby, indemnify each Lender against any loss, out-of-pocket cost, or expense incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III including any loss (including any loss of anticipated profits)loss, cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 2 contracts

Samples: Credit Agreement (Continental Resources Inc), Credit Agreement (Continental Resources Inc)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Eurocurrency Rate AdvancesLoans, the Borrower shall indemnify each Lender against any loss, out-of-pocket cost, cost or expense (other than any anticipated lost profits) actually incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the requested date of such Borrowing specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III including III, including, without limitation, any loss (including any loss of anticipated profits)such loss, cost, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance Loan to be made by such Lender as part of such Borrowing when such AdvanceLoan, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group, Inc.\NEW\)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender against any loss, out-of-pocket cost, or expense incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III including including, without limitation, any loss (including any loss of anticipated profits), cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Credit Agreement (Delta Petroleum Corp/Co)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall shall, and does hereby, indemnify each Lender against any loss, out-of-pocket cost, or expense incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III including any loss (including any loss of anticipated profits), cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Credit Agreement (Edge Petroleum Corp)

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Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender against any loss, out-of-pocket cost, or expense incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III including including, without limitation, any loss (including any loss of anticipated profits), cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.. 35

Appears in 1 contract

Samples: Credit Agreement (Alta Mesa Holdings, LP)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation Continuation, once delivered, shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender Bank against any loss, out-of-pocket cost, cost or expense incurred by such Lender Bank as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing Borrowing, the applicable conditions set forth in Article III including that are not otherwise waived in writing, including, without limitation, any loss (including any loss of anticipated profits), cost, cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender Bank to fund the Advance to be made by such Lender Bank as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Security Agreement (Holly Energy Partners Lp)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Revolving Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender Bank against any loss, out-of-pocket cost, or expense incurred by such Lender Bank as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Revolving Borrowing the applicable conditions set forth in Article III including including, without limitation, any loss (including any loss of anticipated profits), cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender Bank to fund the Advance to be made by such Lender Bank as part of such Revolving Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Credit Agreement (RLP Gulf States LLC)

Notices Irrevocable. Each Notice of Borrowing and each Notice of Conversion or Continuation delivered by a Borrower shall be irrevocable and binding on the such Borrower. In the case of the initial Borrowing or any Borrowing for which the related Notice of Borrowing Continuation specifies is to be comprised of Eurodollar Rate Advances, the each Borrower shall indemnify each Lender against any loss, out-of-pocket cost, cost or expense actually incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the Borrowing Date or the date specified in such Notice of Borrowing Continuation for such Borrowing the applicable conditions set forth in Article III including III, including, without limitation, any loss (including any loss of anticipated profits)loss, cost, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Credit Agreement (Vantage Drilling CO)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Revolving Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender Bank against any loss, out-of-pocket cost, or expense incurred by such Lender Bank as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Revolving Borrowing the applicable conditions set forth in Article III including including, without limitation, any loss (including any loss of anticipated profits), cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender Bank to fund the Revolving Advance to be made by such Lender Bank as part of such Revolving Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Credit Agreement (Ram Energy Inc/Ok)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender Bank against any loss, out-of-pocket cost, or expense incurred by such Lender Bank as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III including including, without limitation, any loss (including any loss of anticipated profits), cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender Bank to fund the Advance to be made by such Lender Bank as part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Credit Agreement (Stone Energy Corp)

Notices Irrevocable. Each Notice of Borrowing and Notice of Conversion or Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing for which the related Notice of Borrowing Conversion or Continuation specifies is to be comprised of Eurodollar Eurocurrency Rate AdvancesLoans, the Borrower shall indemnify each Lender against any loss, out-of-pocket cost, cost or expense (other than any anticipated lost profits) actually incurred by such Lender as a result of any failure by the Borrower to fulfill on or before the date specified in such Notice of Borrowing Conversion or Continuation for such Borrowing the applicable conditions set forth in Article III including III, including, without limitation, any loss (including any loss of anticipated profits)such loss, cost, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance Loan to be made by such Lender as part of such Borrowing when such AdvanceLoan, as a result of such failure, is not made on such date.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group, Inc.\NEW\)

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