Breakage Cost definition

Breakage Cost means the replacement cost to the Bank resulting from a Prepayment as determined by the Bank.

Breakage Cost means the replacement cost to the Bank resulting from a Prepayment.

Breakage Cost means any loss or cost that the Bank notifies the Borrower has been incurred by the Bank as a result of (i) any payment of the principal of the Loan at a time other than as scheduled hereunder (whether voluntarily, as a result of acceleration, demand or otherwise), or (ii) the Borrower’s failure to take any amount of principal of the Loan on the date agreed upon. Breakage Costs include, but are not limited to, any loss or cost (including loss of profit or margin) connected with the Bank’s re-employment of the amount so prepaid or of those funds acquired by the Bank to fund the Loan not taken on the agreed upon date and any costs arising from the termination or modification of any interest rate swap or option, cross currency swap or option, or any other funding contract or arrangement entered into for purposes of funding the Loan or any portion thereof or setting the rate thereon.

Examples of Breakage Cost in a sentence

• If such notice is given, the principal amount specified in such notice (together with all interest accrued with respect thereto and the Breakage Fee and Other Swap Breakage Cost related thereto) shall be due and payable on the Prepayment Date specified therein.

• Any such optional prepayment shall be accompanied by all interest accrued with respect thereto and the Breakage Fee and Other Swap Breakage Cost with respect to the applicable Prepayment Amount and Prepayment Date.

• The maximum Breakage Cost will not exceed the positive difference between the existing LIBOR rate for the LIBOR Rate Loan being paid, converted or failed to be drawn down, if higher, and the then current LIBOR rate for LIBOR Rate Loans on such date for a similar Interest Period multiplied by the amount being repaid times the number of days remaining in the existing LIBOR rate divided by 365.

• At any time during the continuation of an Event of Default, the Administrative Agent may sell any documents, instruments and securities held in the Breakage Cost Cash Collateral Account and may immediately apply the proceeds thereof and any other cash held in the Breakage Cost Cash Collateral Account in accordance with Section 2.10.

• Notwithstanding the foregoing, any payment by the Borrower required pursuant to Section 2.04(c) or, in connection with the occurrence of an Event of Default, pursuant to Section 7.01 hereof shall not be considered an optional prepayment and no Breakage Fee or Other Swap Breakage Cost shall be required to be paid in respect thereof.

More Definitions of Breakage Cost

Breakage Cost means any amount reasonably necessary to compensate any Bank for costs or expenses incurred by such Bank in connection with the payment or acceleration of the Loan, in whole or in part, whether voluntarily or involuntarily, on a date which is not the last date of the then applicable Interest Period for the portion of the Loan being paid, including (without limitation) any loss incurred in obtaining, liquidating or employing deposits from third parties (calculated in the aggregate for all of the Banks, "Breakage Costs").

Breakage Cost means the sum of money we charge you as a result of a termination of a Transaction before the Maturity Date. This cost

Breakage Cost as defined in Section 9.1 of the Funding Agreement.

Breakage Cost shall have the meaning set forth in Section 2.11.

Breakage Cost. For any Lender with respect to any Breakage Event, any costs actually incurred by such Lender in connection with such Breakage Event, which shall be calculated as the difference (as reasonably determined by such Lender and set forth in a certificate of such Lender delivered to the Borrower) of (a) such Lender’s cost of obtaining funds for the LIBOR Rate Loan that is the subject of such Breakage Event for the period from the date of such Breakage Event to the last day of the Interest Period in effect (or that would have been in effect) for such LIBOR Rate Loan, minus (b) the amount of interest realized by such Lender in redeploying the funds returned or not utilized by reason of such Breakage Event for such period (or, if such funds are not so redeployed, the amount of interest likely to have been realized in the eurodollar interbank market).

Breakage Cost means all losses, costs, expenses and liabilities incurred, suffered or sustained by a Hedging Counterparty under a Hedging Agreement (and/or by the [***] Facilities Provider under the [***] Existing FX Facility, as the case may be) as invoiced by that Hedging Counterparty (and/or the [***] Facilities Provider, as the case may be) to ASM as a consequence of any failure by ASM to pay on the due date (or an election to defer or roll over or pre pay) the amount of the periodic payment scheduled to fall due and payable under (and as set out in) the Hedging Agreement (and/or the [***] Existing FX Facility, as the case may be) but excluding, for the avoidance of doubt, all or any part of the amount of the periodic payment falling due under the Hedging Agreement (and/or the [***] Existing FX Facility, as the case may be) which is not paid or is otherwise deferred or rolled over on such scheduled due date for payment under the Hedging Agreement;

Breakage Cost means the sum of money we charge you as a result of a termination of a