Early Term Loan Termination Fee definition
Early Term Loan Termination Fee means an early termination fee that the Borrowers shall pay to the Term Loan A Lenders concurrently with the payment of Term A Loans prior to the Maturity Date of the Term A Loan Facility, as applicable, whether as a result of acceleration, whether voluntary or mandatory or otherwise, in an amount equal to (a) 3.00% of the principal amount of the Term A Loans paid to the extent such payment or reduction occurs on or before the one-year anniversary of the Original Closing Date and (b) 2.00% of the principal amount of the Term A Loans paid to the extent such payment or reduction occurs after the one-year anniversary of the Original Closing Date but on or before the two-year anniversary of the Original Closing Date; provided, that the Early Term Loan Termination Fee shall not apply to repayments of the Term Loans that occur after the two-year anniversary of the Original Closing Date.
Early Term Loan Termination Fee means an early termination fee that the Borrowers shall pay to the Term Loan Lenders concurrently with the payment of Term Loans prior to the Maturity Date of the Term Loan Facility, whether as a result of acceleration, whether voluntary or mandatory or otherwise, in an amount equal to (a) 0.50% of the principal amount of the Term Loans paid to the extent such payment or reduction occurs on or before the one-year anniversary of the Closing Date and (b) 0.25% of the principal amount of the Term Loans paid to the extent such payment or reduction occurs after the one-year anniversary of the Closing Date but on or before the two-year anniversary of the Closing Date.