Funding costs. The issue price of a CBBC includes funding costs. Funding costs are gradually reduced over time as the CBBC moves towards expiry. The longer the duration of the CBBC, the higher the total funding costs. In the event that a CBBC is called, investors will lose the funding costs for the entire lifespan of the CBBC. The formula for calculating the funding costs are stated in the listing documents.
Funding costs. The Borrower shall indemnify the Finance Parties from time to time on demand against all losses and costs incurred or sustained by any Finance Party if, for any reason due to a default or other action by the Borrower, any Drawing is not advanced to the Borrower after the relevant Drawdown Notice has been given to the Agent, or is advanced on a date other than that requested in the Drawdown Notice, including (without limitation) any Break Costs.
Funding costs. The issue price of a CBBC includes funding costs and issuers will specify the formula for calculating the funding costs of their CBBC at launch in the listing documents. Since the funding costs for each CBBC issue may be different as it includes the issuer’s financing/stock borrowing costs after adjustment for expected ordinary dividend of the stock plus the issuer’s profit margin, investors are advised to compare the funding costs of different issuers for CBBC with similar underlying assets and terms. Funding costs are gradually reduced over time as the CBBC moves towards expiry. The longer the duration of the CBBC, the higher the total funding costs. When a CBBC is called, the CBBC holders (investors) will lose the funding cost for the full period since the funding cost is built into the CBBC price upfront at launch even though with the MCE, the actual period of funding for the CBBC turns out to be shorter.
Funding costs. 6.1.1.5.1 The issue price of a CBBC includes funding costs charged upfront for the entire period from launch to normal expiry. When a CBBC is called, the CBBC holders (investors) will lose the funding cost for the remaining period even though the actual period of funding for the CBBC turns out to be shorter. Further, the funding costs of a CBBC after launch may vary during its life.
Funding costs. The Borrower shall indemnify each Facility Beneficiary, by payment to the Facility Agent (for the account of that Facility Beneficiary) on the Facility Agent’s written demand, against all losses and costs incurred or sustained by that Facility Beneficiary if, for any reason due to a default or other action by the Borrower, an Advance is not made to the Borrower after the relevant Drawdown Notice has been given to the Facility Agent, or is advanced on a date other than that requested in the Drawdown Notice.
Funding costs. (a) Borrower shall compensate Lender, upon written request by Lender (which request shall set forth the basis for requesting such amounts), for all Funding Costs.
Funding costs. With regard to amounts payable by the Company pursuant to Section 3.16 of the Special Conditions of the IFC Investment Agreement, IFC shall pay to the Participant (but only out of any amounts received by IFC thereunder) such amounts as are attributable to the Relevant Participation. The Participant agrees to use reasonable efforts, in its discretion, to minimize any costs, expenses or losses of the nature referred to in the said Section 3.16 and relevant to the Relevant Participation, and the Participant agrees that promptly after any such costs, expenses or losses have been incurred, it will notify IFC of such fact and the amount and calculation thereof.
Funding costs. The Parties shall each be solely responsible for any and all costs associated with their responsibilities under this MOU as described above. Each Party shall bear legal and financial responsibility for the actions of its respective employees, officers, agents, representatives and contractors until otherwise allocated under related Definitive Agreements, including without limitation operating or management agreements for Licensed Entities.
Funding costs. 7 SECTION 2.14 MAINTENANCE AMOUNT.........................................7 SECTION 2.15 ILLEGALITY.................................................9
Funding costs. If, as a result of (a) any failure by the Borrower to pay when due the principal amount of or interest on any Loan (or portion thereof), (b) any failure by the Borrower to make a borrowing of any Loan after the Borrower has made a request for disbursement, (c) any failure by the Borrower to make any prepayment of any Loan after the Borrower has given any notice required hereunder regarding such prepayment or (d) the making of a payment or prepayment (including, without limitation, on acceleration) on a day which is not the last day of an Interest Period with respect thereto, the Lender shall incur any costs, expenses or losses, then the Borrower shall pay, upon request by the Lender, the amount which the Lender shall notify the Borrower as being the aggregate of such costs, expenses and losses. For the purposes of the preceding sentence, "costs, expenses or losses" shall include, without limitation, any interest paid or payable to carry any unpaid amount and any loss, premium, penalty or expense which may be incurred in liquidating or employing deposits of or borrowings from third parties in order to make, maintain or fund the Loans or any portion thereof.
