Common use of Exit Fee Clause in Contracts

Exit Fee. Borrower shall pay to Administrative Agent, for the ratable benefit of Lenders, an exit fee in the amount of $650,000 (the “Exit Fee”), which Exit Fee shall be earned as of the Effective Date, and due and payable upon the earlier of repayment in full of the Obligations and the Maturity Date then in effect.

Appears in 1 contract

Sources: Modification Agreement (KBS Real Estate Investment Trust III, Inc.)

Exit Fee. Other than with respect to a repayment or prepayment of Loans that is subject to the Applicable Premium, the Borrower shall pay to the Administrative Agent, Agent for the ratable benefit account of Lenders, each Lender in accordance with its Applicable Percentage an exit fee in an amount equal to 1.00% of the principal amount of $650,000 (the “Exit Fee”), which Exit Fee shall be earned as of the Effective Date, and due and payable upon the earlier of repayment in full of the Obligations and Loans repaid at or following the Maturity Date then in effector following any acceleration thereof. The exit fee shall be payable on the date of such repayment of the Loans.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Basic Energy Services Inc)

Exit Fee. Borrower shall pay to the Administrative Agent, Agent for the ratable benefit account of the Lenders, in accordance with their Pro Rata Shares, an exit fee in the amount of $650,000 (the “Exit Fee”)) in an amount equal to $ , which Exit Fee shall be deemed fully earned as of on the Effective Date, Closing Date and shall be due and payable upon on the earlier of repayment in full of (i) the Obligations Termination Date and (ii) the Maturity Date then in effectDate.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (NXT-Id, Inc.)

Exit Fee. Borrower shall To pay to the Administrative Agent, for the ratable benefit account of the Lenders, an exit fee in the amount of $650,000 Exit Fee (the “Exit Fee”)) equal to $10,000,000, which to be shared by the Lenders ratably in accordance with the aggregate amount of principal of the Loans. The Exit Fee shall be earned as of the Effective Date, and due and payable upon in cash on the earlier earliest to occur of repayment (a) the Maturity Date, (b) the date the Loans are accelerated or otherwise become due in accordance with Section 10.02 or 10.03 and (c) the date the Loans are paid in full of the Obligations and the Maturity Date then in effectcash.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Abraxas Petroleum Corp)

Exit Fee. Borrower Borrowers shall pay to Administrative Agent, for the ratable benefit of Lenders, an exit fee in the amount of $650,000 1,000,000 (the “Exit Fee”), which Exit Fee shall be earned as on the date hereof but shall be due on the earliest to occur of (a) the Maturity Date, (b) the occurrence of a Default or (c) repayment of the Effective Date, and due and payable upon the earlier of repayment Loan in full of the Obligations and the Maturity Date then in effectfull.

Appears in 1 contract

Sources: Loan Modification and Extension Agreement (KBS Real Estate Investment Trust III, Inc.)

Exit Fee. Borrower Borrowers shall pay to Administrative Agent, for the ratable benefit of Lenders, an exit fee in the amount of $650,000 1,000,000 (the “Exit Fee”), which Exit Fee shall be earned as of February 6, 2024, but shall be due on the Effective earliest to occur of (a) the Maturity Date, and due and payable upon (b) the earlier occurrence of a Default or (c) repayment in full of the Obligations and the Maturity Date then Loan in effectfull.

Appears in 1 contract

Sources: Loan Modification Agreement (KBS Real Estate Investment Trust III, Inc.)