Accordion Fee definition

Accordion Fee means, with respect to any increase in the Revolving Loan Commitment of Fortress pursuant to Section 2.1(b), an amount equal to 1% of such increase.
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Accordion Fee is defined in Section 2.13(c).
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Accordion Fee has the meaning specified in Section 2.8.
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Examples of Accordion Fee in a sentence

  • Upon receipt by Fortress or the applicable Fortress Affiliated Lender of the related Accordion Fee, the Revolving Loan Commitment of Fortress or the applicable Fortress Affiliate Lender, as the case may be, shall be increased by the amount specified in the Increase Notice and the Maximum Committed Amount shall be increased accordingly.

  • Upon the Borrower receiving such notification from the Administrative Agent, the Borrower shall pay to Fortress or the applicable Fortress Affiliate Lender the related Accordion Fee.

  • The Company agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection with this Amendment and the transactions contemplated hereby, including the reasonable fees, charges and disbursements of Cravath, Swaine & ▇▇▇▇▇ LLP.

  • The Borrowers agree to pay an accordion closing fee (the "Accordion Fee") in an amount to be agreed to by the Agent and the Borrowers at the time of the Requested Increase made by the Borrowers in accordance with Section 1.7 of this Agreement.

  • Borrower's request to increase the Maximum Revolver Amount shall be irrevocable by the Borrower and shall be effective one (1) business day following the Agent's receipt of the notice (subject to prior receipt by the Lender of the Accordion Fee).

  • The Accordion Fee shall be due and payable to the Agent, for distribution to the Lenders participating in the Requested Increase (based on each such Lender's pro-rata portion of the Requested Increase), on the date that the Requested Increase is accepted and consented to by the Lenders.

  • The Borrowers shall pay any additional Accordion Fee in cash in full on the date of such additional funding, and no portion of the Accordion Fee shall be subject to refund, rebate or abatement in whole or part.

  • As of the date hereof, the Maximum Line of Credit has been increased by $4,000,000 and the Borrowers have paid to the Lenders the Accordion Fee of $40,000 related thereto.

  • The Lender shall be authorized to charge the Loan Account with the Accordion Fee." Maturity Date.

  • The Accordion Fee shall be deemed fully earned when paid, regardless of whether or not any Loan is disbursed in whole or in part.