Breakage Payments definition

Breakage Payments is defined in the Note Purchase Agreement. -----------------
View Source

Examples of Breakage Payments in a sentence

  • Prior to 2:00 p.m. (New York City time) on the date of such repurchase, DFC shall pay the Agent for the account of each applicable APA Purchaser in immediately available funds in Dollars, by depositing to an account designated by the Agent in New York City, the Repurchase Amount, plus any applicable Breakage Payments, for each Repurchased Interest.

  • If and to the extent that any Additional Amounts (other than Breakage Payments) or Non-Use Fee shall remain outstanding after payment by the Seller pursuant to the preceding sentence on any Distribution Date, NFC shall be required to make such payments within 10 days after demand therefor by the Administrative Agent or the applicable payee.

  • If and to the extent that any Additional Amounts (other than Breakage Payments) or Non-Use Fee shall remain outstanding after payment by the Transferor pursuant to the preceding sentence on any Distribution Date, NFC shall be required to make such payments within 10 days after demand therefor by the Administrative Agent or the applicable payee.

  • Increased Costs; Capital Adequacy; Illegality; Breakage Payments 64 Section 2.13.

  • The Purchaser and the Administrative Agent acknowledge that no Breakage Payments or deposits into the Commercial Paper Funding Account will be required with respect to Notes redeemed and reissued on the same day.

  • Increased Costs; Capital Adequacy; Illegality; Breakage Payments 69 Section 2.13.

  • Increased Costs; Capital Adequacy; Illegality; Breakage Payments" \f C \l "2" .

  • Breakage Payments...........................................................

  • Breakage Payments.........................................................................

  • Breakage Payments and Increased Costs under Certificate Purchase Agreement and Program Facility.

Related to Breakage Payments

  • Breakage Costs shall have the meaning set forth in Section 2.2.3(h) hereof.

  • Breakage Fee means (i) for any Interest Period for which Interest is computed by reference to the CP Rate and a reduction of Capital is made for any reason on any day other than a Settlement Date or (ii) to the extent that the Borrower shall for any reason, fail to borrow on the date specified by the Borrower in connection with any request for funding pursuant to Article II of this Agreement, the amount, if any, by which (A) the additional Interest (calculated without taking into account any Breakage Fee or any shortened duration of such Interest Period pursuant to the definition thereof) which would have accrued during such Interest Period (or, in the case of clause (i) above, until the maturity of the underlying Note) on the reductions of Capital relating to such Interest Period had such reductions not been made (or, in the case of clause (ii) above, the amounts so failed to be borrowed or accepted in connection with any such request for funding by the Borrower), exceeds (B) the income, if any, received by the applicable Lender from the investment of the proceeds of such reductions of Capital (or such amounts failed to be borrowed by the Borrower). A certificate as to the amount of any Breakage Fee (including the computation of such amount) shall be submitted by the affected Lender (or applicable Group Agent on its behalf) to the Borrower and shall be conclusive and binding for all purposes, absent manifest error.

  • Breakage Amount has the meaning set forth in Section 3.06 of the Series 2019-1 Class A-1 Note Purchase Agreement.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to: