Commitment Termination Fee definition

Commitment Termination Fee has the meaning set forth in Section 2.13.
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Commitment Termination Fee is defined in Section 2.5.
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Commitment Termination Fee means a fee in the following amount: (i) for a Loan Commitment termination occurring between the Effective Date and the twenty-four month anniversary of the Effective Date, an amount equal to the sum of (1) the product of (A) the number of days from the date of such Loan Commitment termination until the twenty-four month anniversary of the Effective Date divided by 360 days and (B) the product of the principal amount of the Loan Commitment being terminated and the Loan Interest Rate and (2) the product of (A) 3% and (B) the aggregate principal amount of the Loan Commitments being terminated; (ii) for a Loan Commitment termination occurring after the twenty-four month anniversary of the Effective Date and on or prior to the thirty month anniversary of the Effective Date, the product of (A) 3.0% and (B) the aggregate principal amount of the Loan Commitments being terminated; and (iii) for a Loan Commitment termination occurring after the thirty month anniversary of the Effective Date, none.
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Examples of Commitment Termination Fee in a sentence

  • On the Availability Termination Date, the undrawn portion of the Initial Aggregate Commitment shall be permanently terminated, the Lenders shall have no further obligation to make Advances in respect of their respective portions of such undrawn Initial Aggregate Commitment hereunder, and the Borrower shall pay to the Administrative Agent the Commitment Termination Fee, if any, as set forth in Section 2.5.

  • The Commitment Termination Fee, if any, shall be due and payable on the Availability Termination Date.

  • The Prepayment Fee and the Commitment Termination Fee shall become immediately due and owing in the event of any acceleration of the Obligations whether at the election of Agent or automatically pursuant to the terms of this Agreement.

  • For avoidance of doubt, in the event that both the Revolving Commitments and the Term Commitments are terminated on the same day, the Company shall pay a Commitment Termination Fee with respect to the termination of the Revolving Commitments and a Commitment Termination Fee with respect to the termination of the Term Commitments, in each case pursuant to this clause (i) on that day.

  • In the event that the Company does not borrow the full amount of the Term Commitments on or prior to November 29, 2010, the Company will be required to pay the Commitment Termination Fee to the extent required pursuant to Section 2.04(d)(ii).

  • The Borrower shall pay the Commitment Termination Fee on the Initial Closing Date.

  • In January 2020 the Consolidated Entity received a Sole Funding Commitment Termination Fee of $7,713,000 (2019: Nil) from its joint venture partner in ATP 2031.

  • In connection with any prepayment of the Term Loans pursuant to this subparagraph, the Commitment Termination Fee shall be due pursuant to Section 2.04(d)(iii).


More Definitions of Commitment Termination Fee

Commitment Termination Fee has the meaning given to such term in Section 2.5 hereof.
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Commitment Termination Fee means, as of any date of determination, the fee payable pursuant to Section 2.04(d) in connection with the events described therein, in an amount equal to:
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Commitment Termination Fee has the meaning assigned to such term in the Note Purchase Agreement.
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Related to Commitment Termination Fee

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Revolving Commitment Termination Date means the earliest of (i) July 31, 2018, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.8 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise).

  • Scheduled Commitment Termination Date means April 16, 2024.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Termination Fee has the meaning set forth in Section 7.02(a).

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Sponsor Termination Fees means the one-time payment under the Sponsor Management Agreement of a termination fee to one or more of the Sponsors and their Affiliates in the event of either a Change of Control or the completion of a Qualifying IPO.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Revolving Facility Termination Date means the earlier of (i) December 20, 2026, or (ii) the date that the Revolving Commitments have been terminated pursuant to Section 8.02.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

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

  • Early Termination Fee has the meaning set forth in Section 2.09(b).

  • Term Loan Termination Date means the earlier to occur of the (i) Term Loan Maturity Date or (ii) Early Termination Date.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Letter of Credit Termination Date means the later of (i) that date upon which the Letter of Credit shall expire or terminate pursuant to its terms, or (ii) that date to which the expiration or termination of the Letter of Credit may be extended, from time to time, either by extension or renewal of the existing Letter of Credit or the issuance of a Substitute Letter of Credit.

  • Revolving Termination Date means the earlier to occur of:

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

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”