Breakage Gains means the amount of gain actually realized by any holder of Preferred Securities (as reasonably determined by such holder), directly associated or incurred in connection with unwinding, terminating, modifying or otherwise breaking any interest rate swap or other interest rate hedging arrangement entered into with respect to the interest rate on the Preferred Securities prior to the expiration of the Fixed Rate Period where such unwinding, termination, modification or breaking is caused by the payment of principal on the Securities prior to the expiration of the Fixed Rate Period.
Breakage Gains means the amount (if any) by which:
Breakage Gains means the amount (if any) by which the amount of interest contemplated in above e ceeds that in 1.9.1 above;
Examples of Breakage Gains in a sentence
Any Breakage Gains arising shall also be for the account of the Borrower and shall be applied in full in additional repayment of Advances, together with accrued interest thereon up to the date of repayment, at the same time as the Unit Disposal Proceeds are so applied.
The Developer may from time to time require the LLP to request a pro forma calculation of likely Breakage Costs and Breakage Gains in accordance with Clause 6.3 of the Facility Agreement, and the LLP will promptly forward to the Developer each calculation so received.
The Borrower may from time to time request that the Lender provides a pro forma calculation for onward transmission to the Developer of the likely Breakage Costs or Breakage Gains which would arise as a result of any early repayment pursuant to Clause 5.3 on a specified date of any specified amount of the Advances.
More Definitions of Breakage Gains
Breakage Gains has the meaning given to it in clause 5.2(b)(ii);
Breakage Gains means the amount of gain actually realized by any Holder of Senior Notes (as determined by such Holder), directly associated or incurred in connection with unwinding, terminating, modifying or otherwise breaking any interest rate swap or other interest rate hedging arrangement entered into with respect to the interest rate on the Senior Notes prior to the expiration of the Fixed Rate Period where such unwinding, termination, modification or breaking is caused by the payment or defeasance of principal on the Senior Notes prior to the expiration of the Fixed Rate Period in connection with a Change-of-Control Election.
Breakage Gains means the amount (if any) by which the amount referred to in Clause 1.1.19.2 exceeds the amount referred to in Clause 1.1.19.1;
Breakage Gains means such amounts referred to in clause 20.1.2;
Breakage Gains means any gains or increased receipts which ATIS may receive as a result of any cancellation of this Agreement or full or partial pre-payment by the Borrower of the Outstanding Balance prior to the Final Repayment Date of the Loan;
Breakage Gains means the aggregate of all gains and profits received by a Class A Preference Shareholder and/or Class B Preference Shareholder pursuant to the premature termination, unwinding, closing-out or modification of any underlying hedge instrument or funding instrument necessitated by a payment being made in respect of the Class A Preference Shares and/or Class B Preference Shares (as the case may be) other than in accordance with the Payment Schedule less all costs and expenses actually incurred by that Class A Preference Shareholder and/or Class B Preference Shareholder (as the case may be) in relation thereto;
Breakage Gains means the amount (if any) by which: 2.2.16.1 the amount which that Lender would be able to obtain by placing an amount equal to the amount then due or Unpaid Sum received by it on deposit with a leading bank in the Johannesburg interbank market for a period starting on the Business Day following receipt or recovery and ending on the last day of the current Interest Period; exceeds; 2.2.16.2 the interest which a Lender should have received for the period from the date of receipt of all or any part of its participation in the Advance or Unpaid Sum to the last day of the current Interest Period in respect of the Advance or Unpaid Sum, had the amount then due or Unpaid Sum received been paid on the last day of that Interest Period; 2.2.17 "Business Day" means any day other than a Saturday, Sunday or an official public holiday in South Africa (in accordance with the Public Holidays Act, 1994) on which banks are open for business in South Africa; 2.2.18 "Cash Consideration" shall have the meaning given to it in clause 10.3.2 (Mandatory Prepayment: Disposal of South African Assets); 2.2.19 "Cession and Delegation Agreement" means the written agreement so titled entered into between a Lender and a New Lender substantially in the form set out in Schedule 10 (Agreed Form of Cession and Delegation Agreement), or any other form agreed to between the Borrower and the Facility Agent; 2.2.20 "Companies Act" means the Companies Act, 1973;