Common use of Breakage Fee Clause in Contracts

Breakage Fee. In the event Borrower provides Lender Notice that Loan principal is to be prepaid, after which Borrower revokes such Notice, then Borrower shall immediately pay Lender, on demand, a Breakage Fee in an amount calculated on a make-whole basis, consistent with the procedure described in Exhibit C hereof.

Appears in 3 contracts

Sources: Master Loan Agreement (Pope Resources LTD Partnership), Master Loan Agreement (Pope Resources LTD Partnership), Loan Agreement (Pope Resources LTD Partnership)