Backend Fee definition
Backend Fee is a payment (in addition to, and not a substitution for, the regular monthly payments of principal plus accrued interest and any other fees and Obligations payable hereunder) due in accordance with Section 2.3 above, equal to $150,000.
Examples of Backend Fee in a sentence
For the avoidance of doubt, if the full amount of the Tranche C Loans are not repaid on the Maturity Date, the determination of the Tranche C Back-end Fee will continue until such time as all such amounts have been repaid or prepaid in full..
For the avoidance of doubt, if the full amount of the Tranche A Loans are not repaid on the Maturity Date, the determination of the Tranche A Back-end Fee will continue until such time as all such amounts have been repaid or prepaid in full.