Swap Breakage definition

Swap Breakage. Loss: as defined in the Loan Agreement. Tax Indemnitee: (1) Security Agent, (2) each Lender, and (3) the successors, assigns, officers, directors and agents of the foregoing. Taxes: all taxes, levies, imposts, duties, charges, assessments, or withholdings of any nature whatsoever imposed by any Taxing Authority, and any penalties, additions to tax, fines, or interest thereon or additions thereto. Taxing Authority: any federal, state, or local government or other taxing authority in the United States, any foreign government or any political subdivision or taxing authority thereof, any international taxing authority, or any territory or possession of the United States or any taxing authority thereof. Transactions: the transactions contemplated by the Loan Agreement. Transfer: the transfer, sale, assignment, or other conveyance by a Lender, but not including the granting of participations by a Lender as contemplated by Section 7.1 of the Loan Agreement.
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Swap Breakage means all actual losses (including, without limitation, loss of bargain), costs (including, without limitation, cost of funding), breakage and expenses that Counterparty may incur as a result of any default in the performance of, or the termination of, the obligations of the Affiliate of Borrower (as purchaser of the Swap) pursuant to such Swap.
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Swap Breakage means amounts payable by the Borrower upon the early termination of a Qualifying Interest Rate Swap, that do not constitute a net payment of amounts that would otherwise be payable under such Qualifying Interest Rate Swap in the absence of such early termination.
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Examples of Swap Breakage in a sentence

  • Each holder of a Swapped Note shall be responsible for calculating its own Net Loss or Net Gain, as the case may be, and Swap Breakage Amount in Dollars upon the prepayment or repayment of all or any portion of such Swapped Note, and such calculations as reported to the Company in reasonable detail shall be binding on the Company absent demonstrable error.

  • It shall be a condition to any such redemption that all Swap Transactions then outstanding under any Swaps then in effect shall be terminated and all amounts payable to the Swap Counterparties, including Swap Breakage Costs, shall be paid in full on the Redemption Date.

  • The Swap Breakage Amount, Net Gain and Net Loss shall be payable in Dollars.

  • Subject to Section 14.2, payments of principal, or Make‑Whole Amount, if any, Swap Breakage Amount, if any, and interest becoming due and payable on the Notes shall be made in New York, New York at the principal office of Citibank, N.A. in such jurisdiction.

  • In the case of each prepayment of Notes pursuant to this Section 8, the principal amount of each Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment (which shall be a Business Day), together with interest on such principal amount accrued to such date, and with the Make‑Whole Amount, if any, and the Swap Breakage Amount, if any.

  • Prepayment of the Notes to be prepaid pursuant to this Section 8.3 shall be at 100% of the principal amount of such Notes, together with interest on such Notes accrued to the date of prepayment, plus the Make‑Whole Amount and the Swap Breakage Amount, each determined for the prepayment date with respect to such principal amount.

  • So long as no Event of Default shall have occurred and be continuing, each Lender shall pay to the Borrower any Swap Breakage Gain (net of any Taxes imposed thereon) received by it as a result of such default, acceleration, failure to make a borrowing or making any repayment or prepayment.

  • From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make‑Whole Amount, if any, and Swap Breakage Amount, if any, interest on such principal amount shall cease to accrue.

  • Any Swap Breakage Loss or Swap Breakage Gain payable pursuant to the terms of the Operative Documents shall be payable in Dollars.

  • In the case of each prepayment of Notes pursuant to this Section 8, the principal amount of each Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the applicable Make-Whole Amount, if any, Modified Make-Whole Amount, if any, and in the case of any Swapped Notes, Swap Breakage Loss, if any.


More Definitions of Swap Breakage

Swap Breakage means any breakage charges or amounts due from Borrower in connection with any full or partial termination under any Interest Rate Swap Agreement.
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Swap Breakage means any breakage or termination charges or amounts due from Guarantor in connection with any full or partial termination under any Rate Swap Agreement.
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Swap Breakage. COSTS shall mean any Loss (as such term is defined in the Swap) as paid in accordance with the terms and provisions of the Swap.
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Swap Breakage. The amounts payable to any Hedge Provider under any Interest Rate Protection Agreement in the event any Interest Rate Protection Agreement is or was to be terminated or cancelled by Borrower, including as a result of any prepayment by Borrower of any or all of the Facility.
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Swap Breakage means any swap breakage or similar hedging arrangement termination fees ‎owed in connection with the payoff of the‎ NMPP Indebtedness.
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Swap Breakage means any breakage charges or amounts due from the Mortgagors in connection with any full or partial termination under any Rate Swap Agreement, including the Senior Swap Breakage and the Subordinate Swap Breakage.
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Related to Swap Breakage

  • Hedge Breakage Costs means, with respect to each Hedge Counterparty upon the early termination of any Hedge Transaction with such Hedge Counterparty, the net amount, if any, payable by the Borrower to such Hedge Counterparty for the early termination of that Hedge Transaction or any portion thereof.

  • Swap Agreement Obligations means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any Swap Agreement permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any cancellations, buy backs, reversals, terminations or assignments of any Swap Agreement transaction permitted hereunder with a Lender or an Affiliate of a Lender.

  • Interest Swap and Hedging Obligation means any obligation of any Person pursuant to any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate exchange agreement, currency exchange agreement or any other agreement or arrangement designed to protect against fluctuations in interest rates or currency values, including, without limitation, any arrangement whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a fixed or floating rate of interest on a stated notional amount in exchange for periodic payments made by such Person calculated by applying a fixed or floating rate of interest on the same notional amount.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Interest Rate Hedging Agreement means any interest rate swap, cap or collar agreement or other interest rate protection agreement or interest rate hedging arrangement.