Break Amount definition

Break Amount is defined in Section 15.05(b) of the Trust Indenture.

Break Amount. Has the meaning specified in each relevant Indenture.

Break Amount means, as of any date of determination and for the Junior Notes, the amount, if any, equal to the sum of (i) LIBOR Break Amount and (ii) Swap Breakage Loss.

Examples of Break Amount in a sentence

• In the event of the payment of a Deposit Break Amount by the Company to the Trustee under the NPA, such notice shall be mailed, together with the notice by the Escrow Paying Agent under Section 2.07 of the Escrow Agreement, not less than 15 days prior to the Special Distribution Date for such amount.

• On each day when one or more Special Payments are made to the Trustee under the Intercreditor Agreement and upon the payment of the Deposit Break Amount to the Trustee under the NPA, the Trustee, upon receipt thereof, shall immediately deposit the aggregate amount of such Special Payments in the Special Payments Account.

• This clause9 does not limit the Customer's liability for any fees or charges payable under this Agreement, including any Deferred Charge, or Break Amount.

• On the date of any prepayment of such Senior Loan Certificates, the Borrower may request that each Senior Loan Participant advise the Security Trustee and the Borrower by 11:00 a.m., New York time, on such date of the Swap Break Amount applicable to such event.

• The parties acknowledge and agree that the relevant Break Amount and Refund Amount are reasonable pre-estimates of loss resulting from a termination or cancellation of this Agreement, any Deal Module or any Technology Change (as the case may be).

More Definitions of Break Amount

Break Amount means an amount equal to the net funding loss or additional expense which any Holder of a Series SWA 1995 Trust N602SW-I Certificate sustains or incurs or will sustain or incur as a result of any payment, prepayment, acceleration, redemption, refinancing or purchase (whether by mandatory or voluntary prepayment, optional purchase, acceleration or otherwise) of any principal of its Series SWA 1995 Trust N602SW-I Certificate on a date other than the last day of an Interest Period, as reasonably determined by such Holder and set forth in a certificate of such Holder which includes in reasonable detail the basis or the calculations of the amount being claimed.

Break Amount means, as of any date of payment, redemption or acceleration of any Note (the "APPLICABLE DATE"), an amount determined by the Reference Agent on the date that is two Business Days prior to the Applicable Date pursuant to the formula set forth below; PROVIDED, HOWEVER, that no Break Amount will be payable (x) if the Break Amount, as calculated pursuant to the formula set forth below, is equal to or less than zero or (y) on or in respect of any Applicable Date that is an Interest Payment Date (or, if such an Interest Payment Date is not a Business Day, the next succeeding Business Day) Break Amount = Z-Y Where:

Break Amount shall have the meaning specified therefor in Section 15.05(b).

Break Amount. Has the meaning specified in the Indentures.

Break Amount means the amounts payable by the Owner Trustee (with funds provided by the Lessee as Supplemental Rent) from time to time under Section 9.3 of the Participation Agreement on the terms and conditions of such Section 9.3.

Break Amount shall have the meaning set forth in the Indentures.

Break Amount means, as at any date of determination and for the Loan Certificates of any Tranche, the amount, if any, equal to the sum of (i) LIBOR Break Amount, (ii) in the case of a Type A Loan Certificate, Liquidity Break Amount and (iii) in the case of a Fixed Rate Loan, Hedge Breakage Loss.