Acceleration Fee Sample Clauses
An Acceleration Fee clause defines a financial penalty or additional charge that becomes payable if a borrower or tenant triggers an early termination or default event, causing the full amount of future payments to become due immediately. Typically, this fee is calculated as a percentage of the remaining balance or as a set amount, and it applies in scenarios such as early loan payoff or breaking a lease before its scheduled end. The core function of this clause is to compensate the lender or landlord for lost interest or rental income and to discourage premature contract termination, thereby protecting the financial interests of the party receiving payments.
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Acceleration Fee. In the event Tenant exercises its Second Acceleration Option for Expansion Premises, Tenant shall pay Landlord a fee (the “Expansion Premises Second Acceleration Fee”), which shall not be construed as a penalty, in an amount equal to Landlord’s transaction costs related to the portion of the Expansion Premises to which Tenant’s Second Acceleration Option for Expansion Premises applies (consisting exclusively of a proportionate share of Landlord’s Expansion Premises Contribution [calculated by multiplying the amount of Landlord’s Expansion Premises Contribution by the square footage of the Fourteenth Floor Expansion Premises and/or the Fifteenth Floor Expansion Premises, whichever is the subject of the Second Acceleration Option for Expansion Premises, and dividing by 34,335], the Fourteenth Floor Expansion Premises Gross Abatement (if the portion of the Expansion Premises to which Tenant’s Second Acceleration Option for Expansion Premises applies is or includes the Fourteenth Floor Expansion Premises), and broker commissions), as such transaction costs are remaining unamortized as of the Expansion Premises Second Accelerated Termination Date. Landlord’s transaction costs related to the portion of the Expansion Premises to which the Second Acceleration Option for Expansion Premises applies shall be amortized over the period commencing on July 1, 2007 and ending on the Expansion Premises Second Accelerated Termination Date including interest thereon at an interest rate of eight percent (8%) per annum. If Tenant fails to pay either installment of the Expansion Premises Second Acceleration Fee in accordance with the foregoing, time being of the essence, Landlord may elect, upon notice to Tenant to declare the Expansion Premises Second Acceleration Notice null and void, in which event the Lease shall continue in full force and effect with respect to the portion of the Expansion Premises to which the Second Acceleration Option for Expansion Premises applies as if Tenant had not exercised such Second Acceleration Option for Expansion Premises.
Acceleration Fee. In the event Tenant exercises its First Acceleration Option for Expansion Premises, Tenant shall pay Landlord a fee (the “Expansion Premises First Acceleration Fee”), which shall not be construed as a penalty, in an amount equal to Landlord’s transaction costs related to the portion of the Expansion Premises to which Tenant’s First Acceleration Option for Expansion Premises applies (consisting exclusively of a proportionate share of Landlord’s Expansion Premises Contribution [calculated by multiplying the amount of Landlord’s Expansion Premises Contribution by the square footage of the Fourteenth Floor Expansion Premises or the Fifteenth Floor Expansion Premises, whichever is the subject of the First Acceleration Option for Expansion Premises, and dividing by 34,335], the Fourteenth Floor Expansion Premises Gross Abatement (if the portion of the Expansion Premises to which Tenant’s First Acceleration Option for Expansion Premises applies is the Fourteenth Floor Expansion Premises), and broker commissions), as such transaction costs are remaining unamortized as of the Expansion Premises First Accelerated Termination Date. Landlord’s transaction costs related to the portion of the Expansion Premises to which the First Acceleration Option for Expansion Premises applies shall be amortized over the period commencing on July 1, 2007 and ending on the Expansion Premises First Accelerated Termination Date including interest thereon at an interest rate of eight percent (8%) per annum. If Tenant fails to pay either installment of the Expansion Premises First Acceleration Fee in accordance with the foregoing, time being of the essence, Landlord may elect, upon notice to Tenant to declare the Expansion Premises First Acceleration Notice null and void, in which event the Lease shall continue in full force and effect with respect to the portion of the Expansion Premises to which the First Acceleration Option for Expansion Premises applies as if Tenant had not exercised such First Acceleration Option for Expansion Premises.
Acceleration Fee. In Section 2.3 of Exhibit F to the Lease, the amount “$ ” is hereby replaced with the amount “$ .”
Acceleration Fee. Simultaneously with the execution of this Amendment, Tenant shall pay to Landlord, by cashier's or certified check or by wire transfer of immediately available funds to an account designated by Landlord, as consideration for the acceleration of the expiration date of the Lease and not as a penalty, the amount of $91,300.00 (the "Acceleration Fee"). In addition, and notwithstanding any provision set forth in Section 1.1 above to the contrary, Tenant shall remain obligated to pay to Landlord (in the manner and at the times required by the terms of the Lease as if the Acceleration had not occurred) through the period ending on October 31, 2011 (i) Base Rent, as described in Section 2.1 of the Second Amendment and (ii) Tenant's Pro Rata Share of Expenses and Taxes.