Common use of Break Costs Clause in Contracts

Break Costs. (a) Each Borrower must pay to each Lender its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding Margin and Mandatory Costs) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term for that Loan or overdue amount if the principal or overdue amount received had been paid on the last day of that Term; exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Term. (c) Each Lender must supply to the Facility Agent for the relevant Borrower details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 3 contracts

Sources: Credit Facilities Agreement (Liberty Global, Inc.), Credit Facilities Agreement (Liberty Global, Inc.), Credit Facilities Agreement (Liberty Global, Inc.)

Break Costs. (a) Each Borrower must pay to each Lender its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding the Margin and any Mandatory CostsCost) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term for that Loan or overdue amount if the principal or overdue amount received had been paid on the last day of that Term; exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Term. (c) Each Lender must supply to the Facility Agent for the relevant Borrower details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 3 contracts

Sources: Facilities Agreement (Mittal Steel Co N.V.), Bridge Facility Agreement (Mittal Steel Co N.V.), Credit Facility (Mittal Steel Co N.V.)

Break Costs. (a) Each Borrower The Company must pay to each Lender its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding Margin and Mandatory Costswithout taking into account the Margin) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term for that Loan or overdue amount if the principal or overdue amount received had been paid on the last day of that Term; exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Term. (c) Each Lender must supply to the Facility Agent for the relevant Borrower Company details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 2 contracts

Sources: Credit Facility (Tele2 Ab), Credit Facility (Tele2 Ab)

Break Costs. (a) Each Borrower The Company must pay to each Lender its Break Costs. (b) In this Agreement, Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding Margin and Mandatory Coststhe Margin) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term for that Loan or overdue amount if the principal or overdue amount received had been paid on the last day of that Term; exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Term. (c) Each Lender must supply to the Facility Agent for the relevant Borrower Company details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 2 contracts

Sources: Syndicated Facilities Agreement (Bayer Aktiengesellschaft), Bridge Facilities Agreement (Bayer Aktiengesellschaft)

Break Costs. (a) Each Borrower must pay to each Lender Bank its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding Margin and Mandatory Coststhe Margin) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term current Interest Period for that Loan or overdue amount if the principal or overdue amount received had been paid on the last day of that TermInterest Period; exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate London interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Termrelevant Interest Period. (c) Each Lender must supply to the Facility Agent for the relevant Borrower details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 2 contracts

Sources: Supplemental Agreement (Enodis PLC), Credit Facilities Agreement (Enodis PLC)

Break Costs. (a) Each Borrower must pay to each Lender its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding without taking into account the Margin and Mandatory Costs) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term for that Loan or overdue amount if the principal or overdue amount received had been paid on the last day of that Term; exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Term. (c) Each Lender must supply to the Facility Agent for the relevant Borrower details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Sources: Credit Facility Agreement (Valentia Telecommunications)

Break Costs. (a) Each Borrower must pay to each Lender its Break CostsCosts in respect of the borrowings made by such Borrower. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding Margin and Mandatory CostsMargin) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term for that Loan or overdue amount if the principal or overdue amount received had been paid on the last day of that Term; exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Term. (c) Each Lender must supply to the Facility Agent for the relevant Borrower details of the amount and basis of calculation of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Sources: Credit Facilities Agreement (Royal Ahold)

Break Costs. (a) Each Borrower must pay to each Lender its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding Margin and Mandatory Costswithout taking into account the Margin) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term for that Loan or overdue amount if the principal or overdue amount received had been paid on the last day of that Term; exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Term. (c) Each Lender must supply to the Facility Agent for the relevant Borrower details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Sources: Credit Facility Agreement (Valentia Telecommunications)

Break Costs. (a) Each Borrower The Obligors' Agent must pay to each Lender its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding Margin and Mandatory CostsMargin) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan Utilisation or an overdue amount to the last day of the applicable Term for that Loan Utilisation or overdue amount if the principal or overdue amount received had been paid on the last day of that Term; exceeds (ii) the amount which that Lender ▇▇▇▇▇▇ would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Term. (c) Each Lender must supply to the Facility Agent for the relevant Borrower Obligors' Agent details of the amount of any Break Costs claimed by it under this SubclauseClause 28.3.

Appears in 1 contract

Sources: Credit Facility Agreement (Terex Corp)

Break Costs. (a) Each Borrower must pay to each Lender its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding the Margin and any Mandatory CostsCost) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term for that Loan or overdue amount if the principal or overdue amount received had been paid on the last day of that Term; Table of Contents exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Term. (c) Each Lender must supply to the Facility Agent for the relevant Borrower details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Sources: Facilities Agreement (Mittal Steel Co N.V.)

Break Costs. (a) Each Borrower The Company must pay to each Lender its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding Margin and Mandatory Coststhe Applicable Spread) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term current Interest Period for that Loan or overdue amount if the principal or overdue amount received had been paid on the last day of that TermInterest Period; exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate London interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Termrelevant Interest Period. (c) Each Lender must supply to the Facility Agent for the relevant Borrower Company details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Sources: Bridge Loan Agreement (Enodis PLC)

Break Costs. (a) Each Borrower must pay to each Lender its Break Costs. (b) Break Costs are the amount (if any) determined (in good faith) by the relevant Lender by which: (i) the interest (excluding Margin and Mandatory Costs) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term for that Loan or overdue amount if the principal or overdue amount received had been paid on the last day of that Term; exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Term. (c) Each Lender must supply to the Facility Agent for the relevant Borrower details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Sources: Credit Facility Agreement (Converium Holding Ag)

Break Costs. (a) Each Borrower must pay to each Lender Bank its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest (excluding Margin and Mandatory Coststhe Margin) which that Lender would have received for the period from the date of receipt of any part of its share in a Loan or an overdue amount to the last day of the applicable Term current Interest Period for that Loan or overdue amount if the 116 principal or overdue amount received had been paid on the last day of that TermInterest Period; exceeds (ii) the amount which that Lender would be able to obtain by placing an amount equal to the amount received by it on deposit with a leading bank in the appropriate London interbank market for a period starting on the Business Day following receipt and ending on the last day of the applicable Termrelevant Interest Period. (c) Each Lender must supply to the Facility Agent for the relevant Borrower details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Sources: Credit Facility Agreement (Enodis PLC)