Common use of Break Costs Clause in Contracts

Break Costs. (a) 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 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 Company details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 7 contracts

Samples: Facilities Agreement (Preem Holdings Ab Publ), Credit Facility Agreement (PPL Corp), Credit Facility Agreement (PPL Corp)

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Break Costs. (a) The Company 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 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 Company relevant Borrower details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 5 contracts

Samples: Loan Agreement (Smith & Nephew PLC), Multicurrency Credit Facilities Agreement (Alfa Laval Special Finance Ab), Facility Agreement (Smith & Nephew PLC)

Break Costs. (a) The Company 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 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 Company Borrower details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 3 contracts

Samples: Credit Facility Agreement (PPL Corp), Credit Facility Agreement (Centex Corp), Credit Agreement (Galen Holdings PLC)

Break Costs. (a) The Company Borrower must pay to each Lender its Break CostsCosts in accordance with this Agreement. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest which that Lender would have received for the period from the date of receipt of any part payment of its share in a Loan or an overdue amount to the last day of the applicable current 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 Company Borrower details of the amount of any Break Costs claimed by it under this SubclauseClause.

Appears in 2 contracts

Samples: Credit Facility Agreement, Credit Facility Agreement (Seaspan CORP)

Break Costs. (a) 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 which that Lender would have received for the period from the date of receipt of any part of its share in a the Loan or an overdue amount to the last day of the applicable Term for that the 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 Company details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Samples: Credit Facility Agreement (EnerSys)

Break Costs. (a) The Company must pay to each Lender its Break Costs. (b) Break Costs are the amount (if any) reasonably determined by the relevant Lender concerned by which: (i) the interest 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 promptly supply to the Facility Agent for the Company details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Samples: Facility Agreement (United States Steel Corp)

Break Costs. (a) 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 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 (iii) 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 Company details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Samples: Credit Facility Agreement (Telesystem International Wireless Inc)

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Break Costs. (a) The Company Each Borrower must pay to each the Lender its Break CostsCosts in accordance with this Agreement. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest which that the Lender would have received for the period from the date of receipt of any part payment of its share in a Loan or an overdue amount to the last day of the applicable current 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 the 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 The Lender must supply to the Facility Agent for the Company Borrowers details of the amount of any Break Costs claimed by it under this SubclauseClause.

Appears in 1 contract

Samples: Credit Facility Agreement (Danaos Corp)

Break Costs. (a) The Company must pay to each the Lender its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest which that the Lender would have received for the period from the date of receipt of any part of its share in a the 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 the 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 The Lender must supply to the Facility Agent for the Company details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Samples: Bridge Facility Agreement (Professional Staff PLC)

Break Costs. (a) The Company must pay to each the Lender its Break Costs. (b) Break Costs are the amount (if any) determined by the relevant Lender by which: (i) the interest which that the 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 the 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 The Lender must supply to the Facility Agent for the Company details of the amount of any Break Costs claimed by it under this Subclause.

Appears in 1 contract

Samples: Credit Facility Agreement (United Auto Group Inc)

Break Costs. (a) The Company 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 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 Company relevant Borrower details of the amount of any Break Costs claimed by it under this SubclauseClause.

Appears in 1 contract

Samples: Multicurrency Revolving Credit and Guarantee Facility (Rhodia)

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