Step-Up Costs definition

Step-Up Costs means all claims received by a Party A Entity from any party who purchases a Reference Obligation from such Party A Entity pursuant to any deletion of such Reference Obligation from the Portfolio effected under any provision of this Confirmation and that arise in connection with the Step-Up Provisions of the LSTA Purchase and Sale Documentation or similar provisions of the LMA Purchase and Sale Documentation related to the transfer of a Reference Obligation in each case to the extent that, at the relevant time at which the relevant Party A Entity sells the relevant Reference Obligation, the relevant Reference Obligation trades as a Distressed Loan or to the extent that Party B shall have directed Party A or the relevant Party A Entity to document such sale by way of distressed documents rather than par documents.
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Related to Step-Up Costs

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Cleanup costs means costs incurred by the state or its political subdivisions or the agents of the state or a political subdivision in the prevention or mitigation of damages from a hazardous condition or the cleanup of a hazardous substance involved in a hazardous condition.

  • CP Costs means, for each day, the sum of (i) discount or yield accrued on Pooled Commercial Paper on such day, plus (ii) any and all accrued commissions in respect of placement agents and Commercial Paper dealers, and issuing and paying agent fees incurred, in respect of such Pooled Commercial Paper for such day, plus (iii) other costs associated with funding small or odd-lot amounts with respect to all receivable purchase facilities which are funded by Pooled Commercial Paper for such day, minus (iv) any accrual of income net of expenses received on such day from investment of collections received under all receivable purchase facilities funded substantially with Pooled Commercial Paper, minus (v) any payment received on such day net of expenses in respect of Broken Funding Costs related to the prepayment of any Purchaser Interest of Conduit pursuant to the terms of any receivable purchase facilities funded substantially with Pooled Commercial Paper. In addition to the foregoing costs, if Seller shall request any Incremental Purchase during any period of time determined by the Agent in its sole discretion to result in incrementally higher CP Costs applicable to such Incremental Purchase, the Capital associated with any such Incremental Purchase shall, during such period, be deemed to be funded by Conduit in a special pool (which may include capital associated with other receivable purchase facilities) for purposes of determining such additional CP Costs applicable only to such special pool and charged each day during such period against such Capital.

  • Breakage Costs shall have the meaning set forth in Section 2.2.3(h) hereof.

  • Overhead costs means the actual costs incurred or the estimated costs to be