Examples of Funding Losses in a sentence
In the event of the payment or redemption of any Principal of this Note pursuant to Section 6 that does not occur on the Interest Date or the Maturity Date (including as a result of an Event of Default) (any such event, a “Break Funding Event”), then, in any such Break Funding Event, the Issuer shall, within thirty (30) days after demand by the Noteholder, reimburse the Noteholder for the Break Funding Losses with respect to such Break Funding Event.
Any prepayment made pursuant to this Section 2.05 shall be accompanied by (i) accrued interest on the principal amount being prepaid to the date of prepayment, (ii) any Funding Losses payable pursuant to Section 2.08 and (iii) the Applicable Premium, if any, payable in connection with such prepayment of the Loans to the extent required under Section 2.06(a).
Such a certificate so delivered to the Issuer shall, in the absence of manifest error, be conclusive and binding as to the amount of the Break Funding Losses for purposes of this Note.
The Noteholder demanding payment under this Section 27 shall deliver to the Issuer a certificate setting forth in reasonable detail the basis for and the amount of the Break Funding Losses for which demand is made.