Bridge Fee definition

Bridge Fee means the fee payable to the Limited Partner in the event that the Partnership fails to satisfy, within 75 days of payment of the Capital Contribution amount provided for under Section 7.2(a), all of the conditions except the Acquisition Committee Approval that are required for the payment of the Capital Contribution amount provided for under Section 7.2(b). The Bridge Fee shall be in an amount equal to _____% of the amount of the Capital Contribution provided for under Section 7.2(a) times and shall be paid by reducing the Limited Partner's payment of the Capital Contribution amount provided for under Section 7.2(b) by an amount equal thereto.
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Bridge Fee means a fee payable by the Borrower to the Administrative Agent, for the ratable benefit of the Lenders, in the amount of $3,000,000, which shall have been earned and due and payable on the First Amendment Effective Date and paid from the proceeds of the Term Loan B by charging the Borrower's Loan Account in accordance with Section 2.01(b)(iii) herein.
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Bridge Fee shall have the meaning set forth in SECTION 9.19.
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Examples of Bridge Fee in a sentence

  • Time shall be of the essence whenever and wherever a date or period of time is prescribed or referred to in this Bridge Commitment Letter or the Bridge Fee Letter.

  • In addition, Financeco and Mergerco and their respective advisors may make such public disclosure of this Bridge Commitment Letter, the Bridge Fee Letter and the Bridge Engagement Letter as may be compelled in a judicial or administrative proceeding or as is required by law or regulation of the Securities and Exchange Commission (in which case you agree to inform us promptly thereof).

  • This Bridge Commitment Letter and the Bridge Fee Letter embody the entire agreement and understanding of the parties hereto with respect to the subject matter hereof and thereof and supersede any and all prior agreements and understandings relating to the matters provided for herein and therein.

  • This Bridge Commitment Letter and the Bridge Fee Letter may each be executed in one or more counterparts, all of which, taken together, shall constitute one and the same agreement.

  • No alteration, waiver, amendment or supplement of or to this Bridge Commitment Letter or the Bridge Fee Letter shall be binding or effective unless the same is set forth in a writing signed by a duly authorized representative of each party hereto or thereto.

  • Borrower may prepay this Note in full or in part at any time by tendering to Lender the principal amount outstanding hereunder, plus the Bridge Fee, plus all accrued and unpaid interest and applicable charges, if any.

  • The obligations of Financeco under this Section 5 and the Bridge Fee Letter shall survive expiration or termination of this Bridge Commitment Letter and the Bridge Fee Letter; provided that if any Bridge Financing is consummated, the terms of the definitive documentation relating thereto shall supercede the indemnification terms of this Section 5.

  • Except as set forth in the Fee Letter, the Bridge Fee Letter, the M&A Engagement Letter, or the Management Agreement, dated as of the Closing Date, between Berkshire Partners LLC and the Borrower, no Credit Party, nor any of its Subsidiaries, has any obligation to any Person in respect of any finder's, broker's, investment banking or other similar fee in connection with any of the transactions contemplated under the Credit Documents.

  • As of the date of this Agreement, there are no side letters or other Contracts relating to the Bridge Financing to which any Buyer Party or any of their respective Buyer Subsidiaries is a party, other than the Redacted Bridge Fee Letter and any other agreements expressly set forth in the Bridge Commitment Letter.

  • The Bridge Fee shall be payable in arrears on the last Business Day of each calendar month, commencing on January 31, 2000, and on the date upon which all of the Obligations under the Term A Note are indefeasibly paid in full.


More Definitions of Bridge Fee

Bridge Fee means an amount equal to 1% of the Evergreen Funded Amount.
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Related to Bridge Fee

  • Advisory Fee shall have the meaning given to it in Section 2.2(f) hereof.

  • Loan Fee shall have the meaning assigned in Section 5.1.

  • Acquisition Fee means any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including any fees or commissions paid by or to any Affiliate of the Company or the Advisor) in connection with making or investing in Mortgages or the purchase, development or construction of a Property, including real estate commissions, selection fees, Development Fees, Construction Fees, nonrecurring management fees, loan fees, points or any other fees of a similar nature. Excluded shall be Development Fees and Construction Fees paid to any Person not affiliated with the Sponsor in connection with the actual development and construction of a project.

  • L/C Fee has the meaning specified in Section 2.03(i).

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Structuring Fee has the meaning set forth in the Fee Letter.

  • Issuance Fee shall have the meaning given in paragraph 2A(8)(ii) hereof.

  • Incentive Fee shall have the meaning set forth in the Prospectus.

  • Financing Coordination Fee means the fees payable to the Advisor pursuant to Section 10(e).

  • Success Fee has the meaning set forth in Section 2.2(f).

  • Initial Fee means any fee charged to initiate a contract

  • Subordinated Incentive Fee means the fee payable to the Advisor under certain circumstances if the Shares are Listed, as calculated in Section 8.07.

  • Advance fee means any consideration paid or given, directly or indirectly, to a mortgage lender, secondary mortgage broker or originator required to be licensed or registered pursuant to sections 36a-510 to 36a-524, inclusive, as amended by this act, prior to the closing of a secondary mortgage loan to any person, including, but not limited to, loan fees, points, broker's fees or commissions, transaction fees, or similar prepaid finance charges;

  • Closing Fee has the meaning set forth in Section 2.09(c).

  • Expense Fee As to each Mortgage Loan and any Distribution Date, the product of the Expense Fee Rate and its Stated Principal Balance as of that Distribution Date.

  • Transaction Fee means the fee, in respect of a Sub-Fund, which may be charged for the benefit of the Trustee, the Registrar and/or the Service Agent or the Conversion Agent (as the case may be) to each Participating Dealer on each Dealing Day upon which an Application has been or Applications have been made by the relevant Participating Dealer.

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Liquidation Fee The fee designated as such in, and payable to the Special Servicer in connection with certain events in respect of a Specially Serviced Mortgage Loan or an Administered REO Property pursuant to, Section 3.11(c).

  • Tuition Fee means the basic tuition fee applicable to specific programmes and shall include auxiliary fees which are for required instruction but shall exclude any other fees such as international student differential fees, co-op fees, and student union fees.

  • Rental Fee A fee charged by the Contractor for the rental of a compactor or roll-off container.

  • Base Fee $60 million (Avg Daily Net Assets For Most Recent Month) * 0.45% * (31/365) = $22,931.51 Performance Fee: $40 million (Avg Daily Net Assets for rolling 12-month period) * -0.25% * (31/365) = $(8,493.15) Total Fulcrum Fee: $14,438.36 = $22,931.51 (Base Fee) - $8,493.15 (Performance Fee)

  • Exit Fee shall have the meaning specified in the Fee Letter.

  • Financing Costs means for each calendar day the product of:

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Placement Fee has the meaning given thereto in Section 2(a) hereof;