Early Termination Fee definition
Examples of Early Termination Fee in a sentence
Upon the occurrence of an Applicable Premium Trigger Event, the Borrowers shall pay to the Administrative Agent, for the ratable benefit of the Lenders, the Early Termination Fee.
Any Early Termination Fee payable in accordance with this Section 2.04 shall be presumed to be equal to the liquidated damages sustained by the Lenders as the result of the occurrence of the Applicable Premium Trigger Event, and the Loan Parties agree that it is reasonable under the circumstances currently existing.
Any such termination shall be treated as a termination of this Fee Letter with respect to each Fund as to which the termination applies, in which case the subject Fund(s) or the Administrator shall be responsible for payment of any amounts required to be paid under the Agreement, including, without limitation, any applicable Early Termination Fee, any reimbursements for cash disbursements made by Ultimus and any fee for deconversion or liquidation services.
Any prepayment of the Term Loan shall be accompanied by all accrued interest on the amount prepaid and the applicable Early Termination Fee.
If the Early Termination occurs during the Initial Term, the Early Termination shall be subject to an Early Termination Fee equal to the lesser of (i) the pro rated fee amount due to Ultimus through the end of the then-current term as calculated in the Fee Letter; and (ii) the pro rated fee amount due to Ultimus through the next following 12 month period.