Applicable Term Loan B Prepayment Premium definition

Applicable Term Loan B Prepayment Premium means, as of any date of determination, (a) during the period of time from and after the Closing Date up to (but not including) the date that is the first anniversary of the Closing Date, an amount equal to three percent (3%) times the aggregate principal amount of the Term Loan B prepaid (or required to be prepaid) on such date, (b) during the period of time from and after the first anniversary of the Closing Date up to (but not including) the date that is the second anniversary of the Closing Date, an amount equal to two percent (2.0%) times the aggregate principal amount of the Term Loan B prepaid (or required to be prepaid) on such date, and (c) during the period of time from and including the date that is the second anniversary of the Closing Date up to (but not including) the date that is the third anniversary of the Closing Date an amount equal to one percent (1%) times the aggregate principal amount of the Term Loan B prepaid (or required to be prepaid) on such date; provided that for any prepayment of Term Loan B which is made with the net proceeds from the exercise of the Tremisis Warrants, as permitted under Section 2.4 (c)(i), the Applicable Term Loan B Prepayment Premium shall be zero percent (0%) with respect to the first fifty percent (50%) of such prepayment and the balance of such prepayment shall bear the applicable premium stated at (a), (b) or (c) above.
Sample 1
Applicable Term Loan B Prepayment Premium means, as of any date of determination, during the period of time from and after the Closing Date up to (but not including) the date that is the first anniversary of the Closing Date, an amount equal to two percent (2.0%) times the aggregate principal amount of the Term Loan B prepaid (or required to be prepaid) on such date of determination.
Sample 1
Applicable Term Loan B Prepayment Premium means, as of any date of determination, (a) during the period of time from and after the Closing Date up to (but not including) the date that is the first anniversary of the Closing Date, an amount equal to two percent (2.0%) times the aggregate principal amount of the Term Loan B prepaid (or required to be prepaid) on such date of determination, and (b) during the period of time from and after the first anniversary of the Closing Date up to (but not including) the date that is the second anniversary of the Closing Date, an amount equal to one percent (1.0%) times the aggregate principal amount of the Term Loan B prepaid (or required to be prepaid) on such date of determination.
Sample 1

Related to Applicable Term Loan B Prepayment Premium

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Discounted Term Loan Prepayment has the meaning assigned to such term in Section 2.11(a)(ii)(A).

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Tranche B Term Loan as defined in Section 2.1.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Tranche C Term Loan as defined in Section 2.1.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.