Funding Breakage Date definition

Funding Breakage Date shall have the meaning set forth in Section 2.10(b) hereof.
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Funding Breakage Date shall have the meaning set forth in Section 2.09(b) hereof.
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Funding Breakage Date means, in a case described in the first sentence of this Section 2.12(b), the date that any part of any Euro-Rate Portion becomes due, or is paid, prepaid or converted, as described in such sentence, or in a case described in the second sentence of this Section 2.12(b), the date for the conversion or renewal of the Euro-Rate Option, or for the making of a Loan, specified in the Standard Notice described in such sentence. In a case described in the first sentence of this Section 2.12(b), "Adjusted Contract Rate" for a particular principal amount of Loans shall mean the rate of interest (including the Applicable Margin) applicable to such principal amount on the Funding Breakage Date, less the Applicable Margin, and in a case described in the second sentence of this Section 2.12(b), "Adjusted Contract Rate" for a particular principal amount of to-be-made Loans shall mean the rate of interest (including the Applicable Margin) which would have applied to such principal amount on the Funding Breakage Date absent the failure to renew, convert or borrow, less the Applicable Margin. "Redeployment Rate" shall mean (x) so long as no determination described in Section 2.4(d) hereof is then applicable, a rate per annum equal to the Euro-Rate (without the Applicable Margin) determined by the Agent for the applicable principal amount using as the Funding Period a period as equal as practicable to the Redeployment Period (as hereinafter defined) or (y) if any determination described in Section 2.4(d) hereof is then applicable, a rate per annum equal to the Treasury Rate, in each case as of or as soon as practicable after the Funding Breakage Date. In each case, the amount determined as being payable pursuant to this Section 2.12(b) may be referred to as the "Funding Breakage Indemnity." The calculation of the Adjusted Contract Rate and the Redeployment Rate shall be made on the assumption that the Euro-Rate Reserve Percentage shall remain constant throughout the applicable Funding Period; in the event that such assumption proves to be inaccurate and the Lenders would have received greater indemnification absent such assumption, then the Lenders shall be entitled to receive such additional indemnification on demand. The Agent shall calculate each Lender's Funding Breakage Indemnity as follows:
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Examples of Funding Breakage Date in a sentence

  • In addition, the Borrower shall, on the due date for payment of any Funding Breakage Indemnity, pay to the Lender an additional amount equal to interest on such Funding Breakage Indemnity from the Funding Breakage Date to but not including such due date at the Base Rate Option (calculated on the basis of a year of 360 days and actual days elapsed).

  • In addition, the Borrower shall, on the due date for payment of any Funding Breakage Indemnity, pay to such Lender an additional amount equal to interest on such Funding Breakage Indemnity from the Funding Breakage Date to but not including such due date at the Floating Rate Option (calculated on the basis of a year of 360 days and actual days elapsed).

  • In addition, the Borrowers shall, on the due date for payment of any LIBOR Funding Breakage Indemnity, pay to the Lender an additional amount equal to interest on such LIBOR Funding Breakage Indemnity from the LIBOR Funding Breakage Date to but not including such due date at the Variable Rate LIBOR Option, or if then applicable, the Base Rate, calculated on the basis of a year of 360 days and actual days elapsed.

  • In addition, the Borrower shall, on the due date for payment of any Funding Breakage Indemnity, pay to the Lender an additional amount equal to interest on such Funding Breakage Indemnity from the Funding Breakage Date to but not including such due date at the Floating Rate Option (calculated on the basis of a year of 360 days and actual days elapsed).


More Definitions of Funding Breakage Date

Funding Breakage Date means, in a case described in the first sentence of this Section 5.16(b), the date that any part of any Equity Amount bearing Yield based upon the LIBO Rate becomes due, or is paid, prepaid or converted, as described in such sentence, or in a case described in the second sentence of this Section 5.16(b), the date for the conversion to or renewal of
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Funding Breakage Date has the meaning set forth in Section 2.12 of the Loan Agreement.
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Funding Breakage Date shall have the meaning set forth in Section 2.13(b) hereof. 12
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Related to Funding Breakage Date

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Hedge Breakage Costs means, for any Hedge Transaction, any amount payable by the Borrower for the early termination of that Hedge Transaction or any portion thereof.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the Facility Repayment Date.

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

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Prepayment Period With respect to any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.

  • Breakage Fee means (i) for any Interest Period for which Interest is computed by reference to Adjusted LIBOR 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 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 to the Borrower and shall be presumed correct absent manifest error.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Term B Loan Maturity Date means December 7, 2023.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Revolving Loan Maturity Date means January 1, 2011, unless extended by Lender pursuant to any modification, extension or renewal note executed by the Borrower and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Swing Loan Maturity Date means, with respect to any Swing Loan, the earlier of (i) the last day of the period for such Swing Loan as established by the Swing Line Lender and agreed to by the Borrower, which shall be less than 15 days, and (ii) the Revolving Facility Termination Date.

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.