Examples of Break Funding Amount in a sentence
Any provision in this Lease or any other Operative Document to the contrary notwithstanding, Lessor shall not be obligated to make any such transfer until Lessor and the Participants have received all Rent and other amounts due and owing hereunder and under the other Operative Documents including any Break Funding Amount.
The Class A-1 Revolving Notes may be repaid (in whole or in part) at the option of the Issuer (at the direction of the Collateral Manager) from the liquidation of Eligible Investments in the Principal Collateral Account on any Business Day; provided, that the related Break Funding Amount, if any, shall be payable in accordance with the Quarterly Priority of Payments or the Maturity Date Priority of Payments, as applicable.
Please note that the Redemption Prices have been calculated using an estimate for the Break Funding Amount that utilizes the most recently available LIBOR in lieu of the LIBOR referenced in the definition of Break Funding Amount.
The Lessee further agrees to pay to the Lessor, as Supplemental Rent, an amount equal to any LIBOR Break Funding Amount payable under the Finance Lease as and whenever due thereunder (except as a result of an Event of Default which is not a Lease Event of Default).
As such, the Redemption Prices may be updated when the applicable LIBOR is available for purposes of finalizing the calculation of the Break Funding Amount.