Break Gains definition

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 in (b) exceeds the amount in (a).
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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

  • Each Lender shall provide a certificate confirming the amount of its Break Costs or Break Gains (as applicable) for any Interest Period in which they accrue.

  • In some instances, the Lender is required to reimburse to the Relevant Borrower (or apply against amounts due under the relevant Loan) any gains made by the Lender as a result of any part of a Loan or overdue amount being prepaid or repaid other than in accordance with the relevant Credit Agreement (the Break Gains).

  • Loan Break Costs, in respect of a Loan, is described in Section 5.3.2. Loan Break Gains, in respect of a Loan, is described in Section 5.3.2. Loan Break Value, in respect of a Loan, is described in Section 5.3.2. Macquarie, we, us means Macquarie Bank Limited (ABN 46 008 583 542 and Australian Financial Services Licence No. 237502).

  • In some instances, the Relevant Lender is required to reimburse to the Relevant Borrower (or apply against amounts due under the relevant Loan) any gains made by that Lender as a result of any part of a Loan or overdue amount being prepaid or repaid other than in accordance with the relevant Credit Agreement (the Break Gains).

  • By a court-reporting services employee for the purpose of preparing a transcript of the official record.


More Definitions of Break Gains

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, 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 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 the amount (if any) determined by the Agent by which –
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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:
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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";
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Break Gains means all gains or premiums received by the Buyers as a result of the receipt by the Buyers of any payment under or in relation to the Transaction Documents on a day other than the due date for payment of the sum in question, or as a result of the Purchase Option Date or a Termination Payment Date not falling on a Hire Payment Date.
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