Fixed Rate Break Costs definition

Fixed Rate Break Costs has the meaning given to such term in each Loan Agreement.
Sample 1Sample 2
Fixed Rate Break Costs means the amount (if any) determined by each Lender which would indemnify that Lender against any Liability that it or any participant incurs as a consequence of any part of a Fixed Rate Loan or Unpaid Sum relating to a Fixed Rate Loan being prepaid or otherwise not paid when due, and includes any costs or losses (excluding the profit element of the Margin) incurred as a result of that Lender terminating all or any part of its fixed rate, swap, hedging or other similar arrangement or in redeploying the Loan in USD Treasury Bonds (USD) with a maturity corresponding to the remaining maturity of the Loan.
Sample 1
Fixed Rate Break Costs means the amount (if any) by which:
Sample 1

Examples of Fixed Rate Break Costs in a sentence

  • For the avoidance of doubt, any Prepayment Premium, cancellation fees, Break Costs and Fixed Rate Break Costs (if any) shall be payable in accordance with the Common Terms Agreement.

  • The Board considered the paper provided by Barclays Bank plc entitled Fixed Rate Break Costs -Loughborough College and dated 7th April 2020 (“the Discussion Paper”).

  • Each Lender shall, as soon as reasonably practicable after a demand by the Agent, provide a certificate confirming the amount of its Fixed Rate Break Costs to which any demand under Clause 10.5.1 relates.


More Definitions of Fixed Rate Break Costs

Fixed Rate Break Costs means the amount certified by each Lender (such certification to be conclusive in the absence of any manifest error) as necessary to compensate that Lender (or participant) for any loss (excluding the profit element of the Margin) that Lender incurs in redeploying a Loan in USD Treasury Bonds (USD) with a maturity corresponding to the remaining maturity of the relevant Loan, plus all reasonable costs and expenses incurred by that Lender in connection with immediate repayment.
Sample 1
Fixed Rate Break Costs means, in respect of a Fixed Rate Loan, the amount (if positive) equal to the discounted difference which would exist to the Lender’s prejudice between:
Sample 1
Fixed Rate Break Costs means, for a Finance Party, in respect of a Fixed Rate Event relating to the Loan (or part thereof), such amount as is determined by a Finance Party (acting in good faith), as being equal to the aggregate of:
Sample 1

Related to Fixed Rate Break Costs

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Mandatory Cost Rate means, with respect to any period, a rate per annum determined in accordance with Schedule 1.01.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

  • ABR Advance means an Advance which bears interest at the ABR Rate.