Examples of Broken Funding Costs in a sentence
The Borrower hereby agrees to pay to each applicable Lender, without duplication, (i) Breakage Costs, if any, if any Advance is not made on the date specified by the Borrower for any reason other than default by the Lenders, (ii) Liquidation Fees associated with a reduction of the principal balance of a Class A Advance or Class B Advance at any time and (iii) Broken Funding Costs in accordance with the definition thereof.
The Borrower shall not be responsible for any Liquidation Fees, any Broken Funding Costs or any other loss, cost, or expenses arising at the time of, and arising solely as a result of, any assignment made pursuant to Section 10.8 and the reallocation of any portion of a Class A Advance or Class B Advance of the applicable Lender making such assignment unless, in each case, such assignment is requested by the Borrower.
Concurrently with any reduction of the Aggregate Capital pursuant to this Section, Seller shall pay to the applicable Purchaser all Broken Funding Costs arising as a result of such reduction.