Breakage Cost means the replacement cost to the Bank resulting from a Prepayment as determined by the Bank.
Breakage Cost shall have the meaning set forth in Section 2.11.
Examples of Breakage Cost in a sentence
You are strongly advised to discuss potential Breakage Cost with us in advance of requesting an early termination of a Transaction.
More Definitions of Breakage Cost
Breakage Cost means the sum of money we charge you as a result of a termination of a Transaction before the Maturity Date. This cost
Breakage Cost as defined in Section 9.1 of the Funding Agreement.
Breakage Cost means any loss or cost that the Bank notifies the Borrower has been incurred by the Bank as a result of (i) any payment of the principal of the Loan at a time other than as scheduled hereunder (whether voluntarily, as a result of acceleration, demand or otherwise), or (ii) the Borrower’s failure to take any amount of principal of the Loan on the date agreed upon. Breakage Costs include, but are not limited to, any loss or cost (including loss of profit or margin) connected with the Bank’s re-employment of the amount so prepaid or of those funds acquired by the Bank to fund the Loan not taken on the agreed upon date and any costs arising from the termination or modification of any interest rate swap or option, cross currency swap or option, or any other funding contract or arrangement entered into for purposes of funding the Loan or any portion thereof or setting the rate thereon.
Breakage Cost. For any Lender with respect to any Breakage Event, any costs actually incurred by such Lender in connection with such Breakage Event, which shall be calculated as the difference (as reasonably determined by such Lender and set forth in a certificate of such Lender delivered to the Borrower) of (a) such Lender’s cost of obtaining funds for the LIBOR Rate Loan that is the subject of such Breakage Event for the period from the date of such Breakage Event to the last day of the Interest Period in effect (or that would have been in effect) for such LIBOR Rate Loan, minus (b) the amount of interest realized by such Lender in redeploying the funds returned or not utilized by reason of such Breakage Event for such period (or, if such funds are not so redeployed, the amount of interest likely to have been realized in the eurodollar interbank market).
Breakage Cost means any amount reasonably necessary to compensate the Lender for costs or expenses incurred by the Lender in connection with the payment or acceleration of the Loan, in whole or in part, whether voluntarily or involuntarily, on a date which is not the last date of the then applicable Interest Period for the portion of the Loan being paid, including (without limitation) any loss incurred in obtaining, liquidating or employing deposits from third parties.
Breakage Cost means, with respect to any prepayment or payment of the Advance, as of any Business Day, the aggregate amount obtained by the daily application of the Breakage Rate to the aggregate amount of the Advances bearing the Fixed Rate that are being prepaid or repaid, on a 360 day per year basis, for the actual number of days during the period commencing on (and including) such Business Day and ending on (but excluding) the fifth anniversary of the Funding Date.
Breakage Cost means any consent fee, change of control premium, termination fee, prepayment penalty, make-whole payment, “breakage” cost or similar payment or related cost, including the fees and expenses of the attorneys to the trustee, lenders or agents to the extent payable under the applicable indenture, credit agreement or credit facility, associated with the pay-off, unwinding, redemption, satisfaction or defeasance of (a) any and all Funded Debt, including (i) the Company Notes in accordance with the applicable indenture and (ii) the amounts under the credit agreements and facilities of the Company or any of its Subsidiaries and (b) any and all obligations under commodity swap agreements, commodity cap agreements, interest rate cap agreements, interest rate swap agreements, foreign currency exchange agreements and other similar agreements, in the case of each of clauses (a) and (b), outstanding or in existence as of the date of this Agreement and set forth in Section 1.1(a) of the Company Disclosure Letter.