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 will be. 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. 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. 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. Some Risks associated with Exchange Traded Funds (“ETFs”)
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. (a) Breakage. The Transferor agrees to indemnify each Purchaser and to hold each Purchaser harmless from any loss or expense arising from interest or fees payable by such Purchaser to lenders of funds obtained by it to purchase or maintain that portion of its Commitment hereunder with respect to which VFCC's Cost of Funds is determined by reference to the CP Rate (as defined in the Note Purchase Agreement) or the LIBOR Rate (as defined in the Note Purchase Agreement) as a consequence of (i) default by the Transferor in the performance of its obligations hereunder or under the Agreement, (ii) the occurrence of a Servicer Default or an event which would, with the giving of notice or the passage of time, constitute a Servicer Default, (iii) default by the Transferor in effecting an increase in the Aggregate Principal Amount on an Increase Date after having given notice of such Increase, or (iv) any prepayment of the Principal Amount prior to the termination of the applicable Tranche Period. A certificate as to any additional amounts payable pursuant to the foregoing sentence submitted by any Purchaser to the Servicer shall show the additional amounts payable in reasonable detail and shall be conclusive absent manifest error.
Funding costs. (a) If the Company:
Funding costs. (i) Seller shall compensate Buyer, upon written request by Buyer (which request shall set forth the basis for requesting such amounts), for all Funding Costs.
