Swap Breakage Costs definition

Swap Breakage Costs means, for any Swap Transaction, any amount (other than Net Trust Swap Payments applicable thereto) payable by the Issuer for the early termination of that Swap Transaction or any portion thereof, in accordance with the provisions of the relevant Swap.

Swap Breakage Costs. For any Hedge Transaction, any amount payable by the Seller for the early termination of that Hedge Transaction or any portion thereof.

Swap Breakage Costs. For any Swap Transaction, any amount (other than Net Swap Payments) payable by the Seller to the Swap Counterparty for the early termination of that Swap Transaction or any portion thereof.

Examples of Swap Breakage Costs in a sentence

• 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.

• It shall be a condition precedent to such dissolution that each Swap be terminated in accordance with its terms and all amounts including Swap Breakage Costs owed to the Swap Counterparties shall be paid in full.

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

• 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.

• In no event shall the provisions set forth in Section 3.08 of the Indenture relating to the priority of the Expenses, Swap Payments and Swap Breakage Costs be amended or modified.

More Definitions of Swap Breakage Costs

Swap Breakage Costs means the payment, if any, necessary in order to induce the Swap Counterparty to decrease the notional amount of the Swap Agreement or to enter into a revised Swap Agreement in order to provide for an effective notional amount equal to the outstanding principal balance of the Loan.

Swap Breakage Costs means any amounts payable by any Issuer Group Member to a Swap Provider as a result of any early termination (however described or defined therein) of any Swap Agreement.

Swap Breakage Costs means costs payable by a Hedge Counterparty to the Contractor or by the Contractor to a Hedge Counterparty (as applicable) on the close-out or termination of a Swap entered into in respect of Core Senior Debt;

Swap Breakage Costs means any breakage costs and/or termination costs which became due under the Swap Agreement.

Swap Breakage Costs means the breakage costs or profits as determined by the Agent in respect of any interest and/or currency swap arrangement entered into in compliance with this Agreement;

Swap Breakage Costs means "Losses" as defined in the Swap Documents. -------------------

Swap Breakage Costs means one hundred percent (100%) of any termination fees, prepayment penalties, “breakage” cost or similar payments associated with the termination of any Swap Contract or similar agreement at the Closing, assuming such Contract or agreement is terminated as of the Closing. For the avoidance of doubt, Swap Breakage Costs shall not include Swap Interest Costs.