break cost definition
break cost means, in relation to debt securities and qualifying debt securities, any fee payable by the issuer of the securities on the early redemption of the securities, the amount of which is determined by any loss or liability incurred by the holder of the securities in connection with such redemption;
break cost means, in respect of an Instalment Receipt where the Interest Rate is fixed, the amount payable by the Holder:
break cost means a break cost calculated in accordance with clause 7;
More Definitions of break cost
break cost means the amount to be settled in cases where (i) the Loan is not made on the Drawdown Date, or where (ii) in the case of the principal having been repaid or set off before the Payment Date of the Individual Loans, and the Reinvestment Rate falls below the Base Rate, and is calculated by multiplying the difference between the Reinvestment Rate and the Base Rate relating to such Loan and the actual number of days of the Remaining Period by, in the case of (i), the amount of the Total Loan Amount less the Individual Loan Amount made (if any) or by, in the case of (ii), the principal amount repaid or set-off. "Remaining Period" means the period to the next Interest Payment Date from, in the case of (i), the Drawdown Date and from, in the case of (ii), the date on which the repayment or set-off is made, and "Reinvestment Rate" means the interest rate reasonably determined by the Lender as the interest rate to be applied on the assumption that, in the case of (i), the amount of the Total Loan Amount less the Individual Loan Amount made (if any) or, in the case of (ii), the repaid or off-set principal amount will be reinvested in the Tokyo Interbank Market during the Remaining Period. The calculation method for such Break Cost shall be on a per diem basis, inclusive of the first day and exclusive of the last day, assuming that there are 365 days per year, wherein divisions shall be done at the end of the calculation, and fractions less than one yen shall be rounded down.
break cost has the meaning given in clause B1.5.1(d) and B3.8. Building Works includes any development, sub-division, infrastructure, civil, construction or building works. Business Day means each day we are open for general banking business in the Relevant State excluding Saturdays, Sundays and Australian national public holidays.
break cost means the “Break Costs” as such term is defined in the NOK Facility.
break cost means any funding or carrying costs and/or losses in connection with the re-employment of funds during the remainder of any Interest Period (as defined in the Bond Issue Agreement) or such other period when moneys remain unpaid.
break cost means the Margin which would have accrued from the date of prepayment of a Loan until the Loan Maturity Date had the Loan not been prepaid, together with other documented costs and expenses;
break cost. “prepayment fee” and “redemption premium” are defined in the ITA as follows: “break cost”, in relation to debt securities and qualifying debt securities, means any fee payable by the issuer of the securities on the early redemption of the securities, the amount of which is determined by any loss or liability incurred by the holder of the securities in connection with such redemption; “prepayment fee”, in relation to debt securities and qualifying debt securities, means any fee payable by the issuer of the securities on the early redemption of the securities, the amount of which is determined by the terms of the issuance of the securities; and “redemption premium”, in relation to debt securities and qualifying debt securities, means any premium payable by the issuer of the securities on the redemption of the securities upon their maturity. References to “break cost”, “prepayment fee” and “redemption premium” in this Singapore tax disclosure have the same meaning as defined in the ITA. Notwithstanding that the relevant Issuer is permitted to make payments of interest, discount income, prepayment fee, redemption premium and break cost in respect of the Relevant Notes without deduction or withholding for tax under Section 45 or Section 45A of the ITA, any person whose interest, discount income, prepayment fee, redemption premium or break cost derived from the Relevant Notes is not exempt from tax is required to include such income in a return of income made under the ITA. The Qualifying Debt Securities Plus Scheme (“QDS Plus Scheme”) has also been introduced as an enhancement of the Qualifying Debt Securities Scheme. Under the QDS Plus Scheme, subject to certain conditions having been fulfilled (including the submission by the issuer, or such other person as the Comptroller may direct, of a return on debt securities in respect of the qualifying debt securities within such period as the Comptroller may specify and such other particulars in connection with the qualifying debt securities as the Comptroller may require to the Comptroller and the MAS), income tax exemption is granted on interest, discount income (not including discount income arising from secondary trading), prepayment fee, redemption premium and break cost derived by any investor from qualifying debt securities (excluding Singapore Government Securities) which:
break cost has the meaning specified in the Original Indenture. ----------