Break Amount definition

Break Amount is defined in Section 15.05(b) of the Trust Indenture.

Break Amount. Has the meaning specified in each relevant Indenture.

Break Amount means, as of any date of determination and for the Junior Notes, the amount, if any, equal to the sum of (i) LIBOR Break Amount and (ii) Swap Breakage Loss.

Examples of Break Amount in a sentence

• No Holder shall have any further interest in, or other right with respect to, the mortgage and security interests created by the Trust Indenture when and if the outstanding principal amount of, Break Amount, if any, Premium, if any, and interest on all Certificates held by such Holder and all other sums payable to such Holder hereunder, under the Trust Indenture and under such Certificates shall have been paid in full.

• Without limitation of subsections 15.05(d) and 15.05(e), the Indenture Trustee shall exclude and withhold from each distribution of principal, Premium, if any, Break Amount, if any, and interest and other amounts due hereunder or under the Certificates any and all withholding taxes applicable thereto as required by law.

• Lessee shall pay (or cause to be paid) to or on behalf of Lessor an amount of Supplemental Rent equal to the Break Amount (if any) or the Premium (if any) payable on the Certificates, amounts due pursuant to Section 15.05 of the Trust Indenture and each other amount required to be paid (other than principal and interest on the Certificates) by Lessor as Owner Trustee under the Trust Indenture, on the same date that such amounts are due under the Trust Indenture, and as provided in Section 3.6.

• On each day when one or more Special Payments are made to the Trustee under the Intercreditor Agreement and upon the payment of the Deposit Break Amount to the Trustee under the NPA, the Trustee, upon receipt thereof, shall immediately deposit the aggregate amount of such Special Payments in the Special Payments Account.

• A certificate setting forth and explaining in reasonable detail the amount of such Swap Break Amount submitted to the Borrower by the affected Lender shall be conclusive and binding for all purposes, except in case of manifest error.

More Definitions of Break Amount

Break Amount means an amount equal to the net funding loss or additional expense which any Holder of a Series SWA 1995 Trust N396SW-I Certificate sustains or incurs or will sustain or incur as a result of any payment, prepayment, acceleration, redemption, refinancing or purchase (whether by mandatory or voluntary prepayment, optional purchase, acceleration or otherwise) of any principal of its Series SWA 1995 Trust N396SW-I Certificate on a date other than the last day of an Interest Period, as reasonably determined by such Holder and set forth in a certificate of such Holder which includes in reasonable detail the basis or the calculations of the amount being claimed.

Break Amount shall have the meaning specified therefor in Section 15.05(b).

Break Amount means, as of any date of payment, redemption or acceleration of any Note (the "APPLICABLE DATE"), an amount determined by the Reference Agent on the date that is two Business Days prior to the Applicable Date pursuant to the formula set forth below; PROVIDED, HOWEVER, that no Break Amount will be payable (x) if the Break Amount, as calculated pursuant to the formula set forth below, is equal to or less than zero or (y) on or in respect of any Applicable Date that is an Interest Payment Date (or, if such an Interest Payment Date is not a Business Day, the next succeeding Business Day) Break Amount = Z-Y Where:

Break Amount. Has the meaning specified in the Indentures.

Break Amount means the amounts payable by the Owner Trustee (with funds provided by the Lessee as Supplemental Rent) from time to time under Section 9.3 of the Participation Agreement on the terms and conditions of such Section 9.3.

Break Amount shall have the meaning set forth in the Indentures.

Break Amount. If applicable, has the meaning specified therefor in the Indentures.