Breakage Payment is defined in Section 2.03(b).
Breakage Payment is defined in Section 4.8.
Breakage Payment is defined in Section 2.06(c) of this Agreement.
Examples of Breakage Payment in a sentence
In addition, as a result of the Swap Agreement to be entered into by the Issuer on or around the Closing Date referencing the Fixed Rate, the Seller is required to make a payment to the Issuer in an amount equal to the Swap Breakage Payment.
In addition, as a result of the Swap Agreement to be entered into by the Issuer on or around the Closing Date referencing the Fixed Rate, the Issuer is required to make a payment to the Seller in an amount equal to the Swap Breakage Payment.
More Definitions of Breakage Payment
Breakage Payment is defined in subsection 5.2(e).
Breakage Payment shall have the meaning given in Clause 47.3.
Breakage Payment means, if (a) any Purchaser shall receive payment of principal with respect to such Purchaser's interest in the Investor Certificates on any day other than a Distribution Date as a result of either (i) the redemption or repayment of the Investor Certificates in connection with a Securitized Offering or from the sale of Trust Property or (ii) the repayment of all or a portion of the Investor Certificates on a date other than a Distribution Date, any resulting loss (calculated as the difference between the interest that would have been payable on such Purchaser's interest and the amount earned by such Purchaser in reemploying such funds) or expense incurred by such Purchaser, but excluding losses or expenses for the period after any such payment or (b) any Purchaser shall, at the request of the Seller, have arranged funding of its anticipated purchase of its interest in the Investor Certificates for a Certificate Funding Period to commence on a future date and all or a portion of such interest in the Investor Certificates is not available for purchase on such day (calculated as provided above), any resulting losses or expenses incurred by such Purchaser; PROVIDED that the affected Purchasers shall have delivered to the Purchasers' Agent and the Purchasers' Agent shall have delivered to the Seller, the Servicer and the Owner Trustee on or prior to the date on which such Purchasers request reimbursement for such costs a certificate as to the amount of such loss or expense and a further certificate showing, in reasonable detail, the calculation employed by such Purchasers to determine the amount of such loss or expense, which certificate shall be conclusive in the absence of manifest error.
Breakage Payment is defined in Section 2.06(c) of this Certificate ---------------- Purchase Agreement.
Breakage Payment. With respect to a Note Principal Prepayment, an amount determined by the Servicer equal to the aggregate of the Breakage Payment Calculation Amounts with respect to each Noteholder and such Note Principal Prepayment; provided, however, that the Breakage Payment with respect to a Note Principal Prepayment that is made on a Payment Date shall be zero; and provided further, however, if the Issuer provides the Indenture Trustee and the Noteholders with a Note Principal Prepayment Notice with respect to such Note Principal Prepayment on or before the fourth Business Day prior to the Payment Date immediately preceding the date that the Principal Prepayment is made, and such Note Principal Prepayment is made on the Note Principal Prepayment Date and in the amount specified in such Note Principal Prepayment Notice, the Breakage Payment with respect to the such Note Principal Prepayment shall be zero; provided, however, that if such Note Principal Prepayment (or any portion thereof) is not made on such Note Principal Prepayment Date, the Issuer shall pay to the Noteholders the amount specified in Section 11.02(c).
Breakage Payment has the meaning assigned to such term in Section 2.10.
Breakage Payment means, if any DFC Purchaser shall (i) receive payment of principal with respect to its Percentage Interest in the Purchased Interest (as such terms are defined in the DFC Asset Purchase Agreement) on any day other than on a Payment Date, (ii) at the request of the Seller, receive a Repurchase Amount (as such term is defined in the DFC Asset Purchase Agreement) on a day other than the last day of a Tranche Period or (iii) at the request of the Seller, have arranged funding of its anticipated Percentage Interest in the Purchased Interest for a period to commence on a future date and all or a portion of the Purchased Interest is not available for purchase on such day, any resulting loss (calculated as the difference between the interest that would have been payable on such Purchased Interest through such Payment Date or last day of such Tranche Period, or beginning on such purchase date, as the case may be, and the amount earned by such DFC Purchaser in re-employing such funds) or expense incurred by such DFC Purchaser, but excluding losses or expenses for the period after any such payment or purchase date, as the case may be; PROVIDED that such DFC Purchaser shall have delivered to the Administrative Agent and the Administrative Agent shall have delivered to the Seller, the Indenture Trustee and the Owner Trustee on or prior to the date on which such DFC Purchaser requests reimbursement for such losses or expenses a certificate as to the amount of such loss or expense and showing, in reasonable detail, the calculation employed by such DFC Purchaser to determine the amount of such loss or expense, which certificate shall be conclusive in the absence of manifest error.