Break Gains definition

Break Gains means the amount (if any) by which the amount in (b) exceeds the amount in (a).
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Break Gains means all gains realised by a Lender as a result of its receiving any prepayment of all or any part of a Tranche pursuant to Clause 7 (Illegality, Prepayment and Cancellation) on a day other than the last day of an Interest Period for the applicable Tranche or relevant part of that Tranche.
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Break Gains means the amount (if any) by which the amount referred to in Clause 1.1.21.2 exceeds the amount referred to in Clause 1.1.21.1;
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Examples of Break Gains in a sentence

  • The Borrower shall be entitled to be credited with any Break Gains resulting from that prepayment.

  • If relevant, the Lender shall either pay to the Borrower, or set-off against such amounts as the Borrower may then owe to the Lender, any Break Gains.

  • The Borrower shall indemnify the Lender from time to time on demand against all losses and costs incurred or sustained by the Lender (including when acting as Swap Provider) as a consequence of any Potential Event of Default or an Event of Default, including (without limitation) any Break Costs provided always that the Lender shall pay to the Borrower any Break Gains following full and final settlement of the Indebtedness and subject always to the right of set-off on the part of the Lender.

  • The Borrower shall be entitled to be credited with and the Lender agrees to pay to the Borrower any Break Gains subject always to any right of set-off on the part of the Lender and provided no Potential Event of Default or Event of Default shall have occurred.

  • The Issuer is required to pay any amount received by it from the Basis Swap Provider under the Basis Swap Agreement (or any other hedging arrangement that achieves the purpose of such agreement) following the prepayment of the Loan (the Break Gains) towards prepayment of the Loan if a Loan Event of Default has occurred and is continuing and, thereafter (or, if no Loan Event of Default has occurred and is continuing), in payment to the Borrowers as they direct.


More Definitions of Break Gains

Break Gains means, if the amount calculated in accordance with the definition of “Break Costs” is a negative amount, such negative amount.
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Break Gains in relation to any Senior Facility, has the meaning given to that term in the applicable Senior Facility Agreement;
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Break Gains means all gains realised by a Lender as a result of its receiving any prepayment of all or any part of the Loan (whether pursuant to Clause 6 (Prepayment) or otherwise) on a day other than the last day of an Interest Period for the Loan or relevant part of the Loan, or any other payment under or in relation to the Finance Documents on a day other than the due date for payment of the sum in question, and includes (without limitation) any gains realised in liquidating or re-employing deposits from third parties acquired to effect or maintain all or any part of the Loan.
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Break Gains means (as a result of a prepayment of an ECA Loan, any delayed Delivery or Delivery not occurring, any payments under an ECA Support Arrangement following an Event of Default or any other circumstances provided in a Transaction Document) either:
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Break Gains means the amount (if any) by which the amount contemplated in paragraph (b) of the definition of “Break Costs” exceeds the amount contemplated in paragraph (a) of the definition of “Break Costs”.
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Break Gains means the amount (if any) by which the amount of interest contemplated in Clause 1.1.19(b) exceeds that in Clause 1.1.19(a).
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Break Gains means the amount of hedging gain (if any) to the MTNholder caused by such early redemption of the Unrated MTNs.
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