Examples of LIBOR Breakage Costs in a sentence
The Borrowers shall have the right, at their election, to prepay the outstanding amount of the Revolving Credit Loans, in whole or in part, at any time without penalty or premium; provided that the outstanding amount of any Revolving Credit Loans that are LIBOR Rate Loans may not be prepaid unless the Borrowers pay any LIBOR Breakage Costs for each LIBOR Rate Loan so prepaid at the time of such prepayment.
The unpaid principal balance of the Note and accrued interest thereon may be prepaid in full or in part, without premium or penalty, but subject to the payment by Borrower of any LIBOR Breakage Costs.
The Borrower shall have the right, at its election, to prepay the outstanding amount of the Loans, in whole or in part, at any time without penalty or premium; provided that the outstanding amount of any LIBOR Rate Loans may not be prepaid unless the Borrower pays any LIBOR Breakage Costs for each LIBOR Rate Loan so prepaid at the time of such prepayment.
Borrower agrees that if Borrower makes a tender of a payment but does not simultaneously tender payment of any late charge, Default Rate interest, LIBOR Breakage Costs, Swap Obligations or other amount then due and owing by Borrower under this Security Instrument or the other Loan Documents, and such payment is accepted by Governmental Lender, with or without protest, such acceptance will not constitute any waiver of Governmental Lender’s rights to receive such amounts.
No public comment was submitted.MOTION: Commissioner Ellison moved to approve ORDINANCE NO.