Break Gains definition

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 means the amount (if any) by which the amount in (b) exceeds the amount in (a).

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.

Examples of Break Gains in a sentence

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

• 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.

• Any prepayment under this Agreement shall be made together with accrued interest on the amount prepaid and, subject to any Break Costs or Break Gains and termination amounts payable under the Hedging Agreements, without premium or penalty.

• Any prepayment under this Agreement shall be made together with accrued interest on the amount prepaid and Break Costs (if applicable), and otherwise (except as may arise under the Plateau Hedging Documents) without premium or penalty, provided that if a Lender obtains any Break Gains as a result of such prepayment, such Break Gains shall be payable by the Lender to the Borrower.

• 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.

More Definitions of Break Gains

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;

Break Gains in relation to any Senior Facility, has the meaning given to that term in the applicable Senior Facility Agreement;

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.

Break Gains means the amount (if any) by which the amount referred to in paragraph (b) of the definition of "Break Costs" exceeds the amount referred to in paragraph (a) of the definition of "Break Costs";

Break Gains means (as a result of a prepayment of an ECA Loan, any delayed Delivery or the 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:

Break Gains means the amount (if any) determined by the Agent by which –

Break Gains means the amount (if any) determined by the Agent by which – 2.1.16.1 the amount which the Lender would be able to obtain by placing an amount equal to the principal amount or Unpaid Sum received by it on deposit with a leading bank for a period starting on the Business Day following receipt or recovery and ending on the last day of the current Interest Period; exceeds – 2.1.16.2 the interest (excluding the Margin) which the Lender should have received for the period from the date of receipt of all or any part of a Loan or Unpaid Sum to the last day of the current Interest Period in respect of that Loan or Unpaid Sum, had the principal amount or Unpaid Sum received been paid on the last day of that Interest Period;