Funding costs Clause Examples

Funding costs. The Borrower shall indemnify the Finance Parties from time to time on demand against all losses and costs incurred or sustained by any Finance Party if, for any reason due to a default or other action by the Borrower, any Drawing is not advanced to the Borrower after the relevant Drawdown Notice has been given to the Agent, or is advanced on a date other than that requested in the Drawdown Notice, including (without limitation) any Break Costs.

Funding costs. 6.1.1.5.1 The issue price of a CBBC includes funding costs charged upfront for the entire period from launch to normal expiry. When a CBBC is called, the CBBC holders (investors) will lose the funding cost for the remaining period even though the actual period of funding for the CBBC turns out to be shorter. Further, the funding costs of a CBBC after launch may vary during its life.

Funding costs. The issue price of a CBBC includes funding costs and issuers will specify the formula for calculating the funding costs of their CBBC at launch in the listing documents. Since the funding costs for each CBBC issue may be different as it includes the issuer’s financing/stock borrowing costs after adjustment for expected ordinary dividend of the stock plus the issuer’s profit margin, investors are advised to compare the funding costs of different issuers for CBBC with similar underlying assets and terms. Funding costs are gradually reduced over time as the CBBC moves towards expiry. The longer the duration of the CBBC, the higher the total funding costs. When a CBBC is called, the CBBC holders (investors) will lose the funding cost for the full period since the funding cost is built into the CBBC price upfront at launch even though with the MCE, the actual period of funding for the CBBC turns out to be shorter.

Funding costs. The Borrower shall indemnify each Facility Beneficiary, by payment to the Facility Agent (for the account of that Facility Beneficiary) on the Facility Agent’s written demand, against all losses and costs incurred or sustained by that Facility Beneficiary if, for any reason due to a default or other action by the Borrower, an Advance is not made to the Borrower after the relevant Drawdown Notice has been given to the Facility Agent, or is advanced on a date other than that requested in the Drawdown Notice.

Funding costs. (a) Borrower shall compensate Lender, upon written request by Lender (which request shall set forth the basis for requesting such amounts), for all Funding Costs. (b) Lender shall deliver to Borrower a statement setting forth the amount and basis of determination of any Funding Cost, it being agreed that such statement and the method of calculation shall be conclusive and binding on Borrower, absent manifest error. In addition, in the event Borrower provides Lender not less than five (5) Business Days prior written notice of a proposed voluntary prepayment hereunder, Lender shall deliver to Borrower a non-binding good faith estimate of the applicable components and amount of Funding Costs which would be incurred by Borrower if Borrower were to make a voluntary prepayment hereunder; provided, however, that Borrower shall remain liable for all Funding Costs shown on the statement referred to in the first sentence of this subsection (b), notwithstanding such good faith estimate. (c) In lieu of prepaying the Loan when and as otherwise required or permitted by this Loan Agreement, Borrower may on any Business Day (a "Deposit Funding Date") instead deposit with Lender an amount equal to the applicable prepayment, to be held by Lender (the "Prepayment Deposit") until such date as application of the Prepayment Deposit on account of the Loan would not cause Lender to suffer Funding Costs (the "Deposit Application Date"). Any Prepayment Deposit held by Lender shall: (a) constitute additional security for the Loan, for which the parties shall enter into such security documents (and account establishment and administration documents) as Lender shall require; (b) be held by Lender in an interest-bearing account selected and controlled solely by Lender, interest on which shall be added to principal and applied in the same manner as principal; (c) at Lender's option, be accompanied by a payment (as estimated by Lender) equal to the difference between the interest to be earned on the Prepayment Deposit and the interest that will accrue on a portion of the Loan equal to the Prepayment Deposit during the period from the Deposit Funding Date to the Deposit Application Date; (d) with respect to the Collateral, entitle Borrower to the same rights and benefits (including the right to releases, if any) that would have been available to Borrower if Borrower had prepaid the Loan (and designated Asset-Specific Loan Balance(s)) by an amount equal to the Prepayment Deposit; and (e) b...

Funding costs. The parties shall each be solely responsible for any and all costs associated with their responsibilities under this MOA.

Funding costs. With regard to amounts payable by the Company pursuant to Section 3.16 of the Special Conditions of the IFC Investment Agreement, IFC shall pay to the Participant (but only out of any amounts received by IFC thereunder) such amounts as are attributable to the Relevant Participation. The Participant agrees to use reasonable efforts, in its discretion, to minimize any costs, expenses or losses of the nature referred to in the said Section 3.16 and relevant to the Relevant Participation, and the Participant agrees that promptly after any such costs, expenses or losses have been incurred, it will notify IFC of such fact and the amount and calculation thereof.

Funding costs. (a) If the Effective Date does not occur on the Proposed Effective Date the Company must pay to the Facility Agent interest on each Funding Amount received by the Facility Agent for the period each such Funding Amount remains credited to the account of the Facility Agent (for the account of the Funding Lenders which have complied with their obligations under Clause 6(c)(ii) (Closing procedure)) at the one week HIBOR rate which would have been payable if: (i) each such Funding Amount was a participation in a Term Loan with consecutive Terms of one week commencing on the Proposed Effective Date; and (ii) the Funding Lenders were Lenders under the Term Loan Facility, and the Facility Agent must, at the request of the relevant Funding Lender, remit to that Funding Lender on the date of such request or as soon as practicable thereafter, the Funding Amount which has been received by the Facility Agent from that Funding Lender. (b) All interest payable under this Clause shall be paid by the Company to the Facility Agent on the last day of each of the consecutive Terms referred to in subparagraph 11(a)(i) above.

Funding costs. 7 SECTION 2.14 MAINTENANCE AMOUNT.........................................7 SECTION 2.15 ILLEGALITY.................................................9