Examples of Funding Losses in a sentence
Such Lender’s determination of the amount of such Funding Losses and out-of- pocket expenses, absent manifest error, shall be binding and conclusive.
To each Syndication Party its share of the amount of any Funding Losses paid by Borrower to the Administrative Agent in accordance with the Funding Loss Notice such Syndication Party provided to the Administrative Agent, no later than 3:00 P.M. (London time) on the same Banking Day that payment of such Funding Losses is received by the Administrative Agent, if received no later than 1:00 P.M. (London time), or the next Banking Day if received by the Administrative Agent thereafter.
The Administrative Agent shall notify Borrower orally or in writing of the amount of such Funding Losses.
In the event of any such payment, each Syndication Party which had funded the Advance being paid shall, promptly after being notified of such payment, send written notice (“Funding Loss Notice”) to the Administrative Agent by facsimile or electronic mail setting forth the amount of attributable Funding Losses.
Such Lender’s determination of the amount of such Funding Losses and out-of-pocket expenses, absent manifest error, shall be binding and conclusive.