Call Premium. Notwithstanding anything to the contrary in the Credit Agreement, in the event that, on or prior to the six month anniversary of the Effective Date, the Borrower (i) makes any prepayment of the Incremental Term B Loans in connection with any Repricing Transaction (as defined below) or (ii) effects any amendment of the Credit Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each Incremental Term B Lender, a fee in an amount equal to, (x) in the case of clause (i), a prepayment premium of 1.0% of the amount of the Incremental Term B Loans being prepaid and (y) in the case of clause (ii), a payment equal to 1.0% of the aggregate amount of the
Appears in 1 contract
Sources: Lender Joinder Agreement and Second Amendment (US Ecology, Inc.)
Call Premium. Notwithstanding anything to the contrary in the Credit Agreement, in In the event that, on or prior to the six month anniversary of the First Amendment Effective Date, the Borrower (i) makes any prepayment of the Incremental Term B Loans in connection with any Repricing Transaction (as defined below) or (ii) effects any amendment of the Credit this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each Incremental applicable Term B Lender, a fee in an amount equal to, (x) in the case of clause (i), a prepayment premium of 1.0% of the amount of the Incremental Term B Loans being prepaid and (y) in the case of clause (ii), a payment equal to 1.0% of the aggregate amount of thethe applicable Term B Loans outstanding immediately prior to such amendment. Such fees shall be due and payable within three (3) Business Days of the date of the effectiveness of such Repricing Transaction.
Appears in 1 contract
Sources: Loan Agreement (Akumin Inc.)
Call Premium. Notwithstanding anything to the contrary in the Credit Agreement, in In the event that, on or prior to the six six-month anniversary of the First Amendment Effective Date, the Borrower (i) makes any prepayment of the Incremental Term B Loans Loan in connection with any Repricing Transaction (as defined below) or (ii) effects any amendment of the Credit this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each Incremental applicable Term B Loan Lender, a fee in an amount equal to, (x) in the case of clause (i), a prepayment premium of 1.0% of the amount of the Incremental Term B Loans Loan being prepaid and (y) in the case of clause (ii), a payment equal to 1.0% of the aggregate amount of thethe applicable Term Loan outstanding immediately prior to such amendment. Such fees shall be due and payable within three (3) Business Days of the date of the effectiveness of such Repricing Transaction.
Appears in 1 contract
Sources: Credit Agreement (Pantry Inc)
Call Premium. Notwithstanding anything to the contrary in the Credit Agreement, in In the event that, on or prior to the six month anniversary of date that is twelve (12) months after the Effective Closing Date, the Borrower (i) makes any prepayment of the Incremental Term B Loans in connection with any Repricing Transaction (as defined below) or (ii) effects any amendment of the Credit this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each Incremental Term B applicable Lender, a fee in an amount equal to, (x) in the case of clause (i), a prepayment premium of 1.0% of the amount of the Incremental Term B Loans being prepaid and (y) in the case of clause (ii), a payment equal to 1.0% of the aggregate amount of thethe applicable Loans outstanding immediately prior to such amendment. Such fees shall be due and payable within three (3) Business Days of the date of the effectiveness of such Repricing Transaction.
Appears in 1 contract
Sources: First Lien Term Loan Credit Agreement (Turning Point Brands, Inc.)