Breakage Indemnity definition

Breakage Indemnity means, for any Advance for the Interest Period ------------------ (computed without regard to the maturity of an Interest Period occurring as a result of the occurrence of the Termination Date) during which the principal amount of such Advance is reduced (determined without regard to any Advances), the amount, if any, by which (i) the additional Interest (calculated without taking into account any Breakage Indemnity) which would have accrued on the ------------------ reductions of such principal amount during such Interest Period (as so computed) if such reductions had remained as Interest, exceeds (ii) the income, if any, received by the Securitization Lender or the applicable Liquidity Provider from the investment by such Person of the proceeds of such reductions of principal (which investment the Securitization Lender and the Liquidity Providers will use reasonable efforts to make under the then applicable conditions and circumstances); provided, that, to the extent Interest -------- is calculated using (i) the CP Rate, no Breakage Indemnity shall be payable on account of a reduction in the principal amount of Advances where (a) the amount of such reduction does not exceed $7,500,000 or (b) the Servicer or the Borrower has provided not less than two Business Days' notice thereof to the Agent, indicating the date and amount of such reduction or (ii) the Alternate Base Rate, no Breakage Indemnity shall be payable on account of a reduction in the principal amount of Advances.
View Source
Breakage Indemnity means, for any Purchase Period (computed without ------------------ regard to the maturity of a Purchase Period occurring as a result of the occurrence of the Termination Date) during which Capital is reduced (determined without regard to any Purchases), the amount, if any, by which (i) the additional Yield (calculated without taking into account any Breakage Indemnity) ------------------ which would have accrued on the reductions of such Capital during such Purchase Period (as so computed) if such reductions had remained as Capital exceeds (ii) the income, if any, received by the Purchaser or the applicable Liquidity Provider or Supplemental Enhancement Provider from the investment by such Person of the proceeds of such reductions of Capital (which investment the Purchaser and the Liquidity Providers will use reasonable efforts to make under the then applicable conditions and circumstances).
View Source
Breakage Indemnity means, for any Purchase Period (computed without regard to the maturity of a Purchase Period occurring as a result of the occurrence of the Termination Date) during which Capital is reduced (determined without regard to any Purchases), the amount, if any, by which (i) the additional Yield (calculated without taking into account any Breakage Indemnity) which would have accrued on the reductions of such Capital during such Purchase Period (as so computed) if such reductions had remained as Capital exceeds (ii) the income, if any, received by the Purchaser or the applicable Liquidity Provider from the investment by such Person of the proceeds of such reductions of Capital (which investment the Purchaser and the Liquidity Providers will use reasonable efforts to make under the then applicable conditions and circumstances).
View Source

Examples of Breakage Indemnity in a sentence

  • Such Funding Breakage Indemnity shall be due and payable on demand, and each Lender shall, upon making such demand, notify the Agent of the amount so demanded.

  • Such Funding Breakage Indemnity shall be due and payable on demand.

  • In addition, the Borrower shall, on the due date for payment of any Funding Breakage Indemnity, pay to such Lender an additional amount equal to interest on such Funding Breakage Indemnity from the Funding Breakage Date to but not including such due date at the Base Rate Option (calculated on the basis of a year of 360 days and actual days elapsed).

  • If such difference is positive, continue the calculation through and including subclauses (ii) through (iv) inclusive, and the result shall be the applicable Fixed Rate Breakage Indemnity.

  • If such difference is negative, then no Fixed Rate Breakage Indemnity shall be due under this provision.

  • In addition, such Borrower shall, on the due date for payment of any Funding Breakage Indemnity, pay to such Bank an additional amount equal to interest on such Funding Breakage Indemnity from the Funding Breakage Date to but not including such due date at the Alternate Base Rate Option applicable to Loans (calculated on the basis of a year of 360 days and actual days elapsed).

  • In addition, the Borrower shall, on the due date for payment of any Funding Breakage Indemnity, pay to the Lender an additional amount equal to interest on such Funding Breakage Indemnity from the Funding Breakage Date to but not including such due date at the Base Rate Option (calculated on the basis of a year of 360 days and actual days elapsed).

  • Such Funding Breakage Indemnity shall be due and payable on demand and each Lender shall, upon making such demand, notify the Agent of the amount so demanded.

  • Such Funding Breakage Indemnity shall be due and payable upon demand, and each Lender shall, upon making such demand, notify the Agent of the amount so demanded.

  • Such Funding Breakage Indemnity shall be due and payable on demand, and each Bank shall, upon making such demand, notify the Agent of the amount so demanded.