Swap Break Costs definition

Swap Break Costs means any break costs related to the unwinding of any transaction made under any Hedging Agreement.
Sample 1
Swap Break Costs means the amount determined in accordance with paragraph (d) of Clause 20.1 (Indemnity). Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty, addition to tax or any interest payable in connection with any failure to pay or any delay in paying any of the same).
Sample 1
Swap Break Costs means the amount determined in accordance with paragraph (d) of Clause 20.1 (Indemnity). “Tax” means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty, or interest payable in connection with any failure to pay or any delay in paying any of the same). “Tax Payment” means either an increase in a payment made by the Company to the Lender under Clause 9.2 (Tax gross-up) or a payment under Clause 9.3 (Tax indemnity). “Transfer Certificate” means a certificate, substantially in the form of Schedule 2 (Form of Transfer Certificate), or any other form agreed between the Lender and the Company. “Transfer Date” means, in relation to a transfer, the proposed Transfer Date specified in the relevant Transfer Certificate. “UK” means the United Kingdom of Great Britain and Northern Ireland. “UKRPI” has the meaning given to the term “GBP – Non-revised Retail Price Index (UKRPI)” in Annex A to the 2008 ISDA Inflation Derivatives Definitions. “US” means the United States of America. “VAT” means: (a) any tax charged in accordance with the UK Value Added Tax Xxx 0000, as may be amended or substituted from time to time; (b) any tax imposed in compliance with the Council Directive of 28 November 2006 on the common system of value added tax (EC Directive 2006/112); and (c) any other tax of a similar nature, whether imposed in a member state of the European Union in substitution for, or levied in addition to, such tax referred to in paragraph (b) above, or imposed elsewhere. 1.2
Sample 1

Examples of Swap Break Costs in a sentence

  • Break Costs shall be payable by any Party until the amount of the Swap Break Costs has been determined in accordance with this Clause.

  • The 1,083.3 million Torp Borrowings were recognised as a reduction of finance lease liability of $1,049.9 million and Finance Costs - Swap Break Costs of $33.4 million in 2017-18.

  • A detail of the Operating Partnership’s interest rate derivatives designated as cash flow hedges outstanding as of September 30, 2014 is as follows: The Operating Partnership has elected to present its interest rate derivatives on its unaudited Condensed Consolidated Balance Sheets on a gross basis as interest rate swap assets and interest rate swap liabilities.

  • Basis Swap Break Costs means (a) such amount as the Issuer is legally obliged to pay to the Basis Swap Provider on early termination of the Basis Swap Agreement; and/or (b) such amount as the Issuer would be obliged to pay (whether actually or notionally) to purchase any swap (or other hedging arrangement) to mitigate the Basis Risk for a period equal to the unexpired portion of the Basis Swap Agreement.

  • If the Swap Break Costs are a cost or loss to the Lender, the Company shall within two Business Days of demand pay such amount to the Lender.


More Definitions of Swap Break Costs

Swap Break Costs shall be the amount certified in writing (including reasonable details of calculations by the Lender to be the amount determined pursuant to section 6(e)(i)(3) (Payments on Early Termination) of the Related Swap Agreement as a result of the occurrence of an “Early Termination Date” in respect of which the Related Swap Transaction is the sole “Terminated Transaction” or the sole “Affected Transaction” (as applicable) and the Lender is the “Defaulting Party” or the sole “Affected Party” (as applicable) (each such term as defined in the Related Swap Agreement) provided, however, that such amounts shall be calculated based on the assumption that no “Unpaid Amounts” (as defined in the Related Swap Agreement) are owing by either party under the Related Swap Agreement and such certification shall be delivered by the Lender to the Company as soon as reasonably practicable after determination of such amount under the Related Swap Agreement. (e)
Sample 1

Related to Swap Break Costs

  • Break Costs means the amount (if any) by which:

  • Hedge Breakage Costs means, for any Hedge Transaction, any amount payable by the Borrower for the early termination of that Hedge Transaction or any portion thereof.

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

  • Break-Up Fee has the meaning set forth in Section 9.2(b).

  • Break Fee means an amount to compensate a Proponent for some of the costs the Proponent had incurred in developing and submitting a Proposal in the event that the RFP Process is cancelled, as determined by the Sponsors in accordance with RFP Section 10.3.3;

  • Default Costs means reasonable attorney's fees and remarketing costs resulting from a Lessee default or Lessor's enforcement of its remedies. DELIVERY DATE - means date of delivery of Inventory Equipment to Lessee's address.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Default Charges Default Interest and/or late payment charges that are paid or payable, as the context may require, in respect of any Mortgage Loan or Serviced Pari Passu Companion Loan or REO Mortgage Loan.

  • Breakage Fee means (i) for any Interest Period for which Interest is computed by reference to Adjusted LIBOR and a reduction of Capital is made for any reason on any day other than a Settlement Date or (ii) to the extent that the Borrower shall for any reason, fail to borrow on the date specified by the Borrower in connection with any request for funding pursuant to Article II of this Agreement, the amount, if any, by which (A) the additional Interest (calculated without taking into account any Breakage Fee or any shortened duration of such Interest Period pursuant to the definition thereof) which would have accrued during such Interest Period on the reductions of Capital relating to such Interest Period had such reductions not been made (or, in the case of clause (ii) above, the amounts so failed to be borrowed or accepted in connection with any such request for funding by the Borrower), exceeds (B) the income, if any, received by the applicable Lender from the investment of the proceeds of such reductions of Capital (or such amounts failed to be borrowed by the Borrower). A certificate as to the amount of any Breakage Fee (including the computation of such amount) shall be submitted by the affected Lender to the Borrower and shall be presumed correct absent manifest error.

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

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Breakage Amount has the meaning set forth in Section 3.06 of the Series 2019-1 Class A-1 Note Purchase Agreement.

  • Interest Differential is defined in Section 3.4.

  • Net Default Charges With respect to any Mortgage Loan, Serviced Loan Combination or successor REO Mortgage Loan, the Default Charges referred to in clause third of Section 3.25(a) or clause fourth of Section 3.25(c), which are payable to the Master Servicer as Additional Master Servicing Compensation or the Special Servicer as Additional Special Servicing Compensation.

  • Hedging Costs means the hedging costs between the reference currency of the Unit class and the base currency of the Sub-fund, corresponding to the difference (in percentage terms), on each Valuation Date, between (i) the price of the 3-month maturity exchange rate between the reference currency of the Unit class and the base currency of the Sub-fund, and (ii) the spot rate of the same exchange rate.

  • Mandatory Costs means the percentage rate per annum calculated in accordance with Schedule 1.01(b).

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Workout-Delayed Reimbursement Amount has the meaning set forth in subsection (II)(i) of Section 5.2(a).

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • 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.”

  • GST Amount means in relation to a Taxable Supply the amount of GST payable in respect of the Taxable Supply.

  • Note Default Interest Spread means a rate per annum equal to three percent (3.0%); provided, however, that if the weighted average of the Senior Note Default Rate and the Note B Default Rate would exceed the maximum rate permitted by applicable law, the note default interest spread shall equal (i) the rate at which the weighted average of the Senior Note Default Rate and the Note B Default Rate equals the maximum rate permitted by applicable law minus (ii) the Mortgage Loan Rate.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.