Breakage definition

Breakage means a fracture extending through the entire thickness of the Glass, perspex or plastic or in the case of laminated Glass, the entire thickness of the laminate. “Broken” has a corresponding meaning to “Breakage”.

Breakage means damage to the outer wrapping or container of a tobacco product.

Breakage means the results of rounding prize amounts down to the nearest whole dollar.

Examples of Breakage in a sentence

• Breakage of any light fixtures, furniture, tiles, mirror, glass, any other fittings/fixtures provided in the building by the persons employed by the contractor due to their negligence will have to be set right by the contractor at his cost within 3 days of such damages.

• Breakage AgreementThe term “Breakage Agreement” means any arrangement, whether contained in an agreement between the parties to a Cleared Swap or in the Rules, that provides for the assessment of liability or payment of damages between the parties to the Cleared Swap in the event the Cleared Swap is rejected from clearing, as such term is defined or interpreted by the CFTC from time to time.

• The Borrower further agrees to pay the Breakage Costs, if any, whether or not a Lender elects to purchase, sell and/or match funds.

• A warranty of Breakage will be provided free of cost which will also cover replacement of parts.

• Upon receipt of any such amounts, the Administrative Agent shall apply such amounts first to the reduction of the outstanding Capital, and second to the payment of the remaining outstanding Borrower Obligations with respect to such reduction, including any Breakage Fees, by paying such amounts to the Lenders.

More Definitions of Breakage

Breakage means estimated Loyalty Units sold which are not expected to be redeemed. By its nature, Breakage is subject to estimates and judgment;

Breakage. - means the estimated Loyalty Units sold which are not expected to be redeemed. By its nature, Breakage is subject to estimates and judgment. Management's consolidated weighted average breakage estimate at December 31, 2013 is 12% (December 31, 2012: 17%), and is calculated based on the total Loyalty Units outstanding under the Corporation's loyalty programs;

Breakage means the loss or gain resulting from an administrative transaction involving a variable Insurance Contract for which the accumulation unit value on the actual process date of the transaction is different from the accumulation unit value on the date on which the transaction should have been processed under applicable federal securities Laws.

Breakage. - means the estimated Loyalty Units sold which are not expected to be redeemed. By its nature, Breakage is subject to estimates and judgment. Management's consolidated weighted average breakage estimate at March 31, 2018 is 13% (March 31, 2017: 13%), and is calculated based on the total Loyalty Units outstanding under the Corporation's loyalty programs;

Breakage means the money accumulated from the rounding down of the parimutuel pari-mutuel prize levels to the next lowest whole dollar amount.

Breakage. - means the estimated Loyalty Units sold which are not expected to be redeemed. By its nature, Breakage is subject to estimates and judgment. Management's consolidated weighted average breakage estimate at September 30, 2014 is 12% (September 30, 2013: 12%), and is calculated based on the total Loyalty Units outstanding under the Corporation's loyalty programs;

Breakage means, with respect to Cardholder-Funded Cards, any Cardholder Funds remaining on the Card upon the earlier to occur of (a) the Card’s expiration date (provided the Cardholder Funds expire on such date per the Cardholder Agreement), or (b) the date the Cardholder Funds are presumed to be abandoned under applicable state unclaimed property laws, to the extent such amounts are not otherwise required to be escheated under state unclaimed property laws pursuant to Section 5.7. With respect to Corporate-Funded Cards, “Breakage” means any Corporate Funds remaining on the Card upon the Card expiration date or the disclosed redemption period for such Corporate Funds, provided the Cardholder Agreement discloses that such funds will revert to the owner of such Corporate Funds following such data, to the extent such amounts are not otherwise required to be escheated under state unclaimed property laws pursuant to Section 5.7.