Breakage Costs. Without limiting its generality, Clause 20.1 covers any claim, expense, liability or loss, including a loss of a prospective profit, incurred by the Lender: (a) in liquidating or employing deposits from third parties acquired or arranged to fund or maintain all or any part of the Loan and/or any overdue amount (or an aggregate amount which includes the Loan or any overdue amount); and (b) in terminating, or otherwise in connection with, any interest and/or currency swap or any other transaction entered into (whether with another legal entity or with another office or department of the Lender) to hedge any exposure arising under this Agreement or a number of transactions of which this Agreement is one.
Appears in 19 contracts
Sources: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Quintana Shipping Ltd.)
Breakage Costs. Without limiting its generality, Clause 20.1 covers any claim, expense, liability or loss, including a loss of a prospective profit, incurred by the Lender:
(a) in liquidating or employing deposits from third parties acquired or arranged to fund or maintain all or any part of the Loan and/or any overdue amount (or an aggregate amount which includes the Loan or any overdue amount); and
(b) in terminating, or otherwise in connection with, any interest and/or currency swap or any other transaction entered into (whether with another legal entity or with another office or department of the Lender) to hedge any exposure arising under this Agreement or a number of transactions of which this Agreement is one.
Appears in 3 contracts
Sources: Amending and Restating Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.), Loan Agreement (Star Bulk Carriers Corp.)
Breakage Costs. Without limiting its generality, Clause 20.1 19.1 covers any claim, expense, liability or loss, including a loss of a prospective profit, incurred by the Lender:
(a) in liquidating or employing deposits from third parties acquired or arranged to fund or maintain all or any part of the Loan and/or any overdue amount (or an aggregate amount which includes the Loan or any overdue amount); and
(b) in terminating, or otherwise in connection with, any interest and/or currency swap or any other transaction entered into (whether with another legal entity or with another office or department of the Lender) to hedge any exposure arising under this Agreement or a number of transactions of which this Agreement is one.
Appears in 1 contract
Sources: Loan Agreement (Pyxis Tankers Inc.)
Breakage Costs. Without limiting its generality, Clause 20.1 20,1 covers any claim, expense, liability or loss, including a loss of a prospective profit, incurred by the Lender:
(a) in liquidating or employing deposits from third parties acquired or arranged to fund or maintain all or any part of the Loan and/or any overdue amount (or an aggregate amount which includes the Loan or any overdue amount); and
(b) in terminating, or otherwise in connection with, any interest and/or currency swap or any other transaction entered into (whether with another legal entity or with another office or department of the Lender) to hedge any exposure arising under this Agreement or a number of transactions of which this Agreement is one.
Appears in 1 contract
Breakage Costs. Without limiting its generality, Clause 20.1 19.1 covers any claim, expense, liability or loss, including a loss of a prospective profit, incurred by the Lender:
(a) in liquidating or employing deposits from third parties acquired or arranged to fund or maintain all or any part of the Loan and/or any overdue amount (or an aggregate amount which includes the Loan or any overdue amount); and
(b) in terminating, or otherwise in connection with, any interest and/or currency swap or any other transaction entered into (whether with another legal entity or with another office or department of the Lender) to hedge any exposure arising under this Agreement or a number of transactions of which this Agreement is one.,
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Breakage Costs. Without limiting its generality, Clause 20.1 21.1 covers any claim, expense, liability or loss, including a loss of a prospective profit, incurred by the Lender:
(a) in liquidating or employing deposits from third parties acquired or arranged to fund or maintain all or any part of the Loan and/or any overdue amount (or an aggregate amount which includes the Loan or any overdue amount); and
(b) in terminating, or otherwise in connection with, any interest and/or currency swap or any other transaction entered into (whether with another legal entity or with another office or department of the Lender) to hedge any exposure arising under this Agreement or a number of transactions of which this Agreement is one.
Appears in 1 contract
Sources: Loan Agreement (Pyxis Tankers Inc.)
Breakage Costs. Without limiting its generality, Clause 20.1 covers any claim, expense, liability or loss, including a loss of a prospective profit, profit incurred by the Lender:
(a) in liquidating or employing deposits from third parties acquired or arranged to fund or maintain all or any part of the Loan and/or any overdue amount (or an aggregate amount which includes the Loan or any overdue amount); and
(b) in terminating, or otherwise in connection with, any interest and/or currency swap or any other transaction entered into (whether with another legal entity or with another office or department of the Lender) to hedge any exposure arising under this Agreement or a number of transactions of which this Agreement is one.
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Breakage Costs. Without limiting its generality, Clause 20.1 covers any claim, expense, liability or loss, including a loss of a prospective profit, incurred by the Lender:
(a) in liquidating or employing deposits from third parties acquired or arranged to fund or maintain all or any part of the Loan Advances and/or any overdue amount (or an aggregate amount which includes the Loan Advances or any overdue amount); and
(b) in terminating, or otherwise in connection with, any interest and/or currency swap or any other transaction entered into (whether with another legal entity or with another office or department of the Lender) to hedge any exposure arising under this Agreement or a number of transactions of which this Agreement is one.
Appears in 1 contract
Breakage Costs. Without limiting its generality, Clause 20.1 21.1 covers any claimliability, expense, liability expense or loss, including a loss of a prospective profit, incurred by the Lender:
(a) in liquidating or employing deposits from third parties acquired or arranged to fund or maintain all or any part of the Loan and/or any overdue amount (or an aggregate amount which includes the Loan or any overdue amount); and
(b) in terminating, or otherwise in connection with, any interest and/or currency swap or any other transaction entered into (whether with another legal entity or with another office or department of the Lender) to hedge any exposure arising under this Agreement or a number of transactions of which this Agreement is one.
Appears in 1 contract