Breakage Payment definition

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

• LIBOR Breakage Payment Date: The occurrence of a (i) Removal Date, (ii) Principal Payment Date, (iii) Defaulted Termination Date, or (iv) a Re-Striking Date, unless any such date occurs on either (a) a Floating Rate Period End Date or (b) the Facility End Date.

• Such notice of termination shall be irrevocable and effective only upon receipt and shall terminate and cancel the Commitments of each Lender on the date specified in such notice (unless revoked at least two Business Days prior to the effective date specified for such termination, or such shorter period as may be consented to by the Administrative Agent in writing; provided that the Borrower shall pay any Affected Party any Breakage Payment with respect thereto as provided in Section 2.10).

• If the Servicer does not pay the Payoff Amount to the Trustee on the Payoff Date pursuant to Section 2.2(e) hereof, then the Seller shall cause the Servicer to make a Breakage Payment to the Conduit Purchaser in accordance with Section 4.6(c) of the Supplement.

• The amount of such principal payment required to be paid on a date other than a Payment Date pursuant to this Section 2.2(c) shall, to the extent permitted by law, be accompanied by a Breakage Payment Calculation Amount with respect thereto calculated as if such principal payment was an optional prepayment under Section 2.3.

• LIBOR Breakage Payment: In the event, and only in the event, that a LIBOR Breakage Payment Date occurs, Counterparty shall pay to GSI on such LIBOR Breakage Payment Date an amount equal to the LIBOR Breakage Payment Amount (if positive) for such LIBOR Breakage Payment Date or GSI shall pay to Counterparty an amount equal to the absolute value of the LIBOR Breakage Payment Amount (if negative) for such LIBOR Breakage Payment Date.

More Definitions of Breakage Payment

Breakage Payment is defined in subsection 5.2(e).

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.

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 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 has the meaning assigned to such term in Section 2.10.

Breakage Payment is defined in Section 2.06(c) of this Certificate ---------------- Purchase Agreement.

Breakage Payment means the premium required to be paid by the Issuer in connection Section 2.11(d), calculated as provided in this Exhibit C.