Swap Breakage Gain definition

Swap Breakage Gain means, as to any Lender: the absolute value of the Swap Break Amount for such Lender if the Swap Break Amount is a negative number.
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Swap Breakage Gain as to any Lender, the value of the Swap Break Amount for such Lender, if the Swap Break Amount is a negative number; provided that the Swap Breakage Gain shall be zero while an Event of Default has occurred as is continuing.
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Swap Breakage Gain is defined in Section 8.9.
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Examples of Swap Breakage Gain in a sentence

  • 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.


More Definitions of Swap Breakage Gain

Swap Breakage Gain has the meaning set forth in the Loan Agreement.
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Swap Breakage Gain means, as to any Lender of a Fixed Rate Loan, the absolute value of the Swap Break Amount payable to such Lender, if the Swap Break Amount is a negative number; provided that Swap Breakage Gain shall be deemed to be zero if an Event of Default shall have occurred and be continuing as of the date of determination.
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Swap Breakage Gain means, in respect of any Fixed Rate Loan, the relevant Swap Break Amount if such Swap Break Amount is a negative number.
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Swap Breakage Gain means, as to any Holder of a Fixed Rate Loan, the absolute value of the Swap Break Amount payable to such Holder if the Swap Break Amount is a negative number.APPENDIX A
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Related to Swap Breakage Gain

  • Hedge Breakage Costs For any Hedge Transaction, any amount payable by the Seller 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.

  • Swap Contract means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

  • Swap Termination Value means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).