Break Fee definition

Break Fee means an amount to compensate a Proponent for some of the costs the Proponent had incurred in developing and submitting a Proposal in the event that the RFP Process is cancelled, as determined by the Sponsors in accordance with RFP Section 10.3.3;

Break Fee. Has the meaning given to it in Section 8.2.

Break Fee means the fee payable by you in respect of a Service with a Fixed Contract Period if you change a plan or if the Service is cancelled and unless stated otherwise in the Critical Information Summary, is calculated by multiplying the minimum monthly charge by the number of months remaining in the Fixed Contract Period as at the date of Service cancellation (months remaining x minimum monthly charge). This fee may also be called an early termination fee.

Examples of Break Fee in a sentence

• To the extent the City is unable to satisfy this obligation at the time or times set forth above from immediately available funds of the City, the City shall, subject to any limits of its taxing capacity under the Rate and Method, include such Break Fee in the amount of Special Taxes to be levied by the City on the levy date next succeeding the date on which such Break Fee was due.

• If the purchase of the Bonds does not close on or before the Rate Lock Expiration Date, the City shall and hereby agrees to promptly pay to Purchaser the Break Fee, but in no event shall such fee be paid later than five (5) Business Days after the Rate Lock Expiration Date.

• By execution of the Agreement, the City hereby (i) acknowledges its obligation to pay any Break Fee incurred in connection with the Rate Lock and (ii) represents that, subject to any limitation contained in Section 3 of the Agreement, it is duly authorized as of the date of execution hereof to pay such Break Fee.

• The Purchaser hereby acknowledges that such Break Fee is not an obligation of the City.

More Definitions of Break Fee

Break Fee has the meaning specified in Section 9.2(a).

Break Fee has the meaning given in Clause 12.3;

Break Fee has the meaning given in Clause 9.4;

Break Fee means the amount specified in the Schedule.

Break Fee means US$1,635,410,676;

Break Fee has the meaning set forth in Exhibit 4.

Break Fee is defined in Article 3.2.3;