Breakage Fees definition

Breakage Fees means an amount equal to any net loss or out-of-pocket expenses which the Lender may sustain or incur (including, without limitation, any net loss or expense incurred by reason of the liquidation or re-employment of deposits or other funds acquired by the Lender to fund or maintain the Advances, or any swap breakage incurred in connection with any Hedge Agreement), as reasonably determined by the Lender, as a result of any prepayment of any of the Advances.

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Breakage Fees has the meaning assigned to such term in Section 2.10.

Breakage Fees means any amounts payable by the Seller pursuant to Section 6(e) of each Interest Rate Swap Agreement.

Examples of Breakage Fees in a sentence

• 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.

• The Administrative Agent shall apply amounts received from the Borrower pursuant to this Section 2.16(a) to the payment of any Breakage Fees and to the pro rata reduction of the Advances Outstanding.

• The Administrative Agent shall apply amounts received from the Borrower pursuant to this Section 2.18(a) to the payment of any Breakage Fees and to the pro rata reduction of the Advances Outstanding.

• Upon receipt of any such amounts, the Administrative Agent shall apply such amounts first to the reduction of the Aggregate 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.

• The Borrower shall pay all Interest, Fees and Breakage Fees accrued during each Interest Period on the immediately following Settlement Date in accordance with the terms and priorities for payment set forth in Section 4.01.

More Definitions of Breakage Fees

Breakage Fees means an amount equal to any net loss or out-of-pocket expenses which the Lender may sustain or incur (including, without limitation, any net loss or expense incurred by reason of the liquidation or re-employment of deposits or other funds acquired by the Lender to fund or maintain the Advances, or any swap breakage incurred in connection with any Hedge Agreement), as reasonably determined by the Lender, as a result of any prepayment of any the Advances.

Breakage Fees means amounts owed by Borrower pursuant to Section 5.02.

Breakage Fees any fees, costs or other expenses (including Lender's Expenses) related to or incurred in connection with the termination, extension or other modification to the Rate Lock Agreement or any other applicable hedge or derivative instruments required by Lender in connection with the Loan.

Breakage Fees means with respect to any Eurodollar Rate Loan which is at any time paid prior to the last day of its Interest Period, regardless of the reason for such prepayment, the positive difference, if any, between the total amount of interest that would have been due for the balance of the scheduled Interest Period on such Eurodollar Rate Loan if it had not been so prepaid and the amount of interest that would be earned if the amount of the prepaid Eurodollar Rate Loan were invested for the remaining balance of such Interest Period at the CD Rate in effect on the first day of the month in which such prepayment occurs. As used herein, "CD Rate" shall mean the rate quoted in the "Money Rates" section of THE WALL STREET JOURNAL for the average of the top rates paid by New York banks on primary new issues of negotiable certificates of deposit in amounts of $1 million and more having a 1-month maturity, as published on the first Business Day of the month in which any prepayment of a Eurodollar Rate Loan occurs.

Breakage Fees means, collectively, the Assumed CEI Breakage Fee and the LIBOR Breakage Fee.

Breakage Fees means, with respect to any prepayment of the Note to the extent that (i) the Note (or the portion so prepaid) is being funded by the Alternate Lender and (ii) such prepayment is other than on an Interest Payment Date, such amounts as such Alternate Lender has specified by written notice to the Indenture Trustee and the Shipowner as the amount necessary (in the reasonable judgment of the Alternate Lender) to compensate such Alternate Lender for any loss, expense or liability (including, without limitation, any loss, expense or liability incurred by reason of the liquidation or redeployment of deposits from third parties or in connection with obtaining funds to maintain any funding under the Note) which such Alternate Lender reasonably determines is attributable to such prepayment.

Breakage Fees means, with respect to the Customer Indebtedness of any Customer being acquired by Buyer or its affiliates at a Closing which Customer Indebtedness is a fixed rate loan, the “Breakage Fees” and “Breakage Costs”(as such terms are defined in the Customer Contracts governing such Customer Indebtedness), collectively, that would have been chargeable by Seller or its affiliates to such Customer pursuant to the Customer Contracts governing such Customer Indebtedness, determined as if such fixed rate loan were repaid as of the Closing Date upon which such Customer Indebtedness is being acquired by Buyer or its affiliates.”