EARLY TERMINATION FEE shall definition
EARLY TERMINATION FEE shall. (a) mean the fee CITBC is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to an Anniversary Date; and (b) be determined by multiplying the Line of Credit by (x) two percent (2%) if the Early Termination Date occurs on or before April 30, 2003, (y) one percent (1%) if the Early Termination Date occurs after April 30, 2003 but on or before April 30, 2004 and (z) zero percent (0%) if the Early Termination Date occurs after April 30, 2004 but prior to an Anniversary Date."
EARLY TERMINATION FEE shall i) mean the fee CITBC is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to the fifth Anniversary Date (except as otherwise provided in Section 10 of this Financing Agreement); and ii) be determined by calculating the sum of (a) the average daily balance of the Revolving Loans for the period from the date of this Financing Agreement to the Early Termination Date, (b) the average daily undrawn face amount of the Letters of Credit outstanding from the date of this Financing Agreement to the Early Termination Date and (c) the average daily balance of CAPEX Term Loans for the period from the effective date of the CAPEX Term Loan Line of Credit to the Early Termination Date and multiplying that sum by (i) one percent (1%) per annum if the Early Termination Date occurs prior to the second Anniversary Date; (ii) three-quarters of one percent (3/4 of 1%) per annum if the Early Termination Date occurs on or after the second Anniversary Date but prior to the third Anniversary Date; and (iii) one-half of one percent (1/2 of 1%) per annum if the Early Termination Date occurs on or after the third Anniversary Date but prior to the fifth Anniversary Date, in each case for the number of days from the Early Termination Date to the fifth Anniversary Date."
EARLY TERMINATION FEE shall i) mean the fee the Agent for the account of the Lenders is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to the fifth Anniversary Date; and ii) be determined by calculating the sum of (a) the average daily balance of the Revolving Loans for the period from the date of this Amendment Letter to the Early Termination Date and (b) the average daily undrawn face amount of the Letters of Credit outstanding for the period from the date of this Amendment Letter to the Early Termination Date and multiplying that sum by three tenths of one percent (.30%) per annum for the number of days from the Early Termination Date to the fifth Anniversary Date".
Examples of EARLY TERMINATION FEE shall in a sentence
MERCHANT agrees that the EARLY TERMINATION FEE shall also be due to SPC if MERCHANT discontinues submitting VOYAGER SALES for processing during this AGREEMENT TERM.
The EARLY TERMINATION FEE shall be equivalent to the greater of (a) $750; or (b) number of whole months remaining in the term hereof at the time of termination multiplied by the amount of FEES paid or payable by the Merchant during the month preceding that during which this AGREEMENT was terminated.
Merchant agrees that the EARLY TERMINATION FEE shall also be due if Merchant discontinues submitting Transactions for processing during the Initial Term or any Renewal Term of the Agreement.
More Definitions of EARLY TERMINATION FEE shall
EARLY TERMINATION FEE shall i) mean the fee the Agent in behalf of the Lenders --------------------- is entitled to charge the Companies in the event they terminate the Line of Credit or this Financing Agreement on a date prior to an Anniversary Date; and ii) be determined by calculating the sum of (x) the average daily loan balance of the Revolving Loans of the Companies plus (y) the average daily balance of outstanding Letters of Credit of the Companies and (z) the average daily balance of the Term Loans and CAPEX Term Loans of the Companies for the period from the date of this Financing Agreement to the Early Termination Date and multiplying that number by the applicable percentage set forth below per annum for the number of days from the Early Termination Date to the next succeeding Anniversary Date:
EARLY TERMINATION FEE shall mean the fee CIT is entitled to charge the Companies or any one of them upon the termination of the Revolving Line of Credit or this Financing Agreement; and (b) be determined by multiplying the Revolving Line of Credit by two percent (2%)."
EARLY TERMINATION FEE shall i) mean the fee CITBC is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to January 1, 1999; and ii) be determined by multiplying the average daily loan balance under the Revolving Loan for the period from the date of this Financing Agreement to the Early Termination Date by one and one-half percent (1 1/2%) for the number of days from the Early Termination Date to January 1, 1999."
EARLY TERMINATION FEE shall. (i) mean the fee chargeable to the Borrower by the Agent in the event the Borrower terminates the Revolving Line of Credit or this Financing Agreement on a date prior to the third anniversary of the Closing Date; and (ii) be determined by multiplying the Revolving Line of Credit by (x) one percent (1%) if the Early Termination Date occurs on or before one (1) year from the Closing Date, (y) one-half of one percent (.50%) if the Early Termination Date occurs after one (1) year from the Closing Date but on or before two (2) years from the Closing Date; and (z) one EBITDA shall mean, for any period, Net Income for such period plus, to the extent deducted in determining Net Income for such period, the aggregate amount of Interest Expense and income tax expense for such period, and all depreciation, amortization and other non-cash charges for such period, minus, to the extent included in determining Net Income for such period, the aggregate amount of interest income for such period that has been deferred or has not been paid in cash, all determined in accordance with GAAP on a consistent basis, but excluding (i) the effect of extraordinary or non-reoccurring gains or losses for such period, and (ii) all amounts paid in cash to the Borrower during such period resulting from the unwinding of any Hedging Obligation of the Borrower.