Break Funding Costs definition

Break Funding Costs means for any Pool Funded Purchase Interest amounts payable to Windmill under the applicable Receivables Purchase Facility in connection with any prepayment or amortization if amounts payable thereunder in excess of the amount of the investment or loan prepaid or amortized and accrued and unpaid interest or discount thereon.

Break Funding Costs means the amount which is calculated by applying the difference between the Reinvestment Rate and the Applicable Rate of Interest for the actual number of days in the Remaining Period to the amount of the principal repaid or offset if the Reinvestment Rate, when the principal of an Individual Advance is repaid or offset on a day which is not an Interest Payment Date, is below the Applicable Rate of Interest pertaining to the Interest Calculation Period during which the date of such repayment or offset occurs. The "Remaining Period" means the period from the day when the repayment or offset occurs to the next Interest Payment Date; and the "Reinvestment Rate" refers to the interest rate that is reasonably determined by a relevant Lender as the interest rate which would be obtained on the assumption that the principal so repaid or offset were to be reinvested in the London interbank market for the Remaining Period. As for the calculations of the Break Funding Costs, they shall be made on the daily basis of a 360-day year for the actual number of days elapsed (including the first day but excluding the last day) with division being made at the end of the calculation with any fraction of less than JPY1 being rounded down.

Break Funding Costs means the amount reasonably determined by the Bank to be the costs incurred as a result of the Borrower repaying a Loan on another date than the last day of an Interest Period.

Examples of Break Funding Costs in a sentence

• In this case, the Borrower shall immediately pay the principal of the Loan and the interest and Break Funding Costs and any other payment obligation that the Borrower owes pursuant to this Agreement in accordance with the provisions of Section 14.

• If a Loan is repaid prior to the end of its Interest Period, the relevant Borrower must pay to the Bank the Break Funding Costs attributable to that Loan.

• In case such set-off takes place, the calculation of the interest, Break Funding Costs, default interest, etc.

• In case of the prepayment of principal of the Individual Advance made by such Lender with Increased Costs in accordance with the provisions of this Paragraph (3), the Borrower shall pay the entire amount of principal of such Individual Advance, together with any accrued interest on such principal and any Break Funding Costs, and the Increased Costs so requested to pay, to such Lender with Increased Costs on such Prepayment Date for Increased Costs.

• If Borrower shall prepay any Libor Rate Loan on a day other than the final day of the Interest Period therefor, such prepayment must include an amount equal to the Bank's Libor Break Funding Costs applicable to or resulting from such prepayment.

More Definitions of Break Funding Costs

Break Funding Costs means for any Pool Funded Purchase Interest amounts payable to a Conduit Purchaser under the applicable Receivables Purchase Facility in connection with any prepayment or amortization if amounts payable thereunder in excess of the amount of the investment or loan prepaid or amortized and accrued and unpaid interest or discount thereon.

Break Funding Costs means any cost, loss or expense (excluding any loss of Margin) sustained or incurred by any Lender in maintaining or funding all or any part of the Loan or in liquidating or re-employing deposits from third parties acquired, or contracted for, to fund all or any part of the Loan or any other amount owing to the Lender;

Break Funding Costs means for any Pool Funded Purchase Interest amounts payable to Amsterdam under the applicable Receivables Purchase Facility in connection with any prepayment or amortization if amounts payable thereunder in excess of the amount of the investment or loan prepaid or amortized and accrued and unpaid interest or discount thereon.

Break Funding Costs means any amounts required to compensate AEF for any losses, costs or expenses (including any loss, cost or expense incurred by reason of the liquidation or re-employment of funds acquired by AEF to fund or maintain the extensions of credit represented by any Loan but excluding any loss of profit or margin) that it incurs and any amounts required by AEF to indemnify the Lenders for any of the foregoing types of losses, costs or expenses with respect to the amounts made available to AEF to fund the Loans and that it incurs, in either case as a result of any unscheduled prepayment, repayment or acceleration of any Loan on a date that is not the last day of an Interest Period.

Break Funding Costs means, in relation to DSF, the present value as per the relevant prepayment or cancellation date (using the applicable zero coupon swap rate on the relevant prepayment or cancellation date as the discount rate, and the relevant Interest Payment Dates under the remaining relevant Interest Periods at the relevant point in time to discount the below cash flows) of any positive amount constituting:

Break Funding Costs means, in the case of any voluntary prepayment of all or any portion of the unamortized balance of the Loans, an amount reasonably determined by Secured Party as shall compensate Secured Party as a result of the inability of Secured Party in its reasonable discretion to redeploy the amount so prepaid at an interest rate equal to or greater than the interest rate on the applicable Loan and for a term equal to the remaining average life of the applicable Loan.

Break Funding Costs means the amount payable by the Seller on any Reduction Date (other than a Mandatory Reduction Date or Optional Reduction Date that is a Settlement Date), equal to the sum of: