Common use of Closing Fees Clause in Contracts

Closing Fees. The Borrower agrees to pay on the Closing Date to each Lender party to this Agreement on the Closing Date, as fee compensation for the funding of such Lender’s Term Loan, a closing fee (the “Closing Fee”) in an amount equal to 1.50% of the stated principal amount of such Lender’s Term Loan made on the Closing Date. Such Closing Fee will be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-creditable thereafter and, in the case of the Term Loans, such Closing Fee shall be netted against Term Loans made by such Lender.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Prestige Brands Holdings, Inc.), Term Loan Credit Agreement (Prestige Brands Holdings, Inc.), Term Loan Credit Agreement (Prestige Consumer Healthcare Inc.)

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Closing Fees. The Borrower agrees to pay on the Closing Date to each Lender party to this Agreement on the Closing Date, as fee compensation for the funding of such LenderXxxxxx’s Term B Loan, a closing fee (the “Closing Fee”) in an amount equal to 1.500.25% of the stated principal amount of such LenderXxxxxx’s Term B Loan made on the Closing Date. Such Closing Fee will be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-creditable thereafter and, in the case of the Term Loans, such Closing Fee shall be netted against Term Loans made by such LenderLender on the Closing Date.

Appears in 1 contract

Samples: Term Loan Credit Agreement (BRP Inc.)

Closing Fees. The Borrower agrees to pay on the Closing Date to each Lender party to this Agreement on the Closing Date, as fee compensation for the funding making of such Lender’s Term Initial Loan, a closing fee (the “Closing Fee”) in an amount equal to 1.500.50% of the stated principal amount of such Lender’s Term Initial Loan made funded on the Closing Date. Such Closing Fee will be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-creditable thereafter and, in at the case option of the Term LoansBorrower, such Closing Fee shall be netted against Term Initial Loans made by such Lender.

Appears in 1 contract

Samples: Credit Agreement (APX Group Holdings, Inc.)

Closing Fees. The Borrower agrees to pay on the Closing Date to each Lender party to this Agreement on the Closing Date, as fee compensation for the funding of such LenderLend er’s Term Loan, a closing fee (the “Closing Fee”) in an amount equal to 1.50% 1.5000 of the stated principal prin cipal amount of such Lender’s Term Loan made on the Closing Date. Such Closing Fee will be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-non- creditable thereafter and, in the case of the Term Loans, such Closing Fee shall be netted against Term Loans made by such Lender.. c Term B-2

Appears in 1 contract

Samples: Term Loan Credit Agreement (Prestige Brands Holdings, Inc.)

Closing Fees. The Borrower agrees to pay on the Closing Date to each Lender party to this Agreement on the Closing Date, as fee compensation for the funding of such Lender’s Term B Loan, a closing fee (the “Closing Fee”) in an amount equal to 1.500.25% of the stated principal amount of such Lender’s Term B Loan made on the Closing Date. Such Closing Fee will be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-creditable thereafter and, in the case of the Term Loans, such Closing Fee shall be netted against Term Loans made by such LenderLender on the Closing Date.

Appears in 1 contract

Samples: Term Loan Credit Agreement (BRP Inc.)

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Closing Fees. The Borrower agrees to pay on the Closing Date to each Lender party to this Agreement on the Closing Date, as fee compensation for the funding of such LenderXxxxxx’s Term Loan, a closing fee (the “Closing Fee”) in an amount equal to 1.50% of the stated principal amount of such LenderXxxxxx’s Term Loan made on the Closing Date. Such Closing Fee will be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-non- creditable thereafter and, in the case of the Term Loans, such Closing Fee shall be netted against Term Loans made by such Lender.. (c) Term B-2

Appears in 1 contract

Samples: Existing Credit Agreement (Prestige Consumer Healthcare Inc.)

Closing Fees. The Borrower agrees to pay on the Closing Date to each Lender party to this Agreement on the Closing Date, as fee compensation for the funding of such Lender’s Term Initial Loan, a closing fee (the “Closing Fee”) in an amount equal to 1.500.50% of the stated principal amount of such Lender’s Term Initial Loan made on the Closing Date. Such Closing Fee will be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-creditable thereafter and, in the case of the Term Loans, and such Closing Fee shall be netted against Term Loans made by such LenderLender on the Closing Date.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Portillo's Inc.)

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