Interim Facility Fee definition
Examples of Interim Facility Fee in a sentence
All amounts payable under this Bridge Facility Fee Letter will be made in U.S. Dollars; provided, however, that upon the imposition of any exchange control or similar regulations in Colombia prohibiting or limiting the Borrower’s access to the foreign exchange market or the remittance of U.S. Dollars outside Colombia, then the Borrower agrees to, at the sole option of each Initial Lender, pay the fees and other amounts payable under this Interim Facility Fee Letter in Colombian pesos.
Create, incur, assume or suffer to exist any Indebtedness, other than (a) Indebtedness under the Loan Documents, the Commitment Letter and the Interim Facility Fee Letter, (b) any Indebtedness arising from obligations under or in connection with the Acquisition or contemplated by the Structure Memorandum, (c) Subordinated Funding, and (d) Indebtedness approved by the Required Lenders.
It is understood and agreed that this Interim Facility Fee Letter shall not constitute or give rise to any obligation to provide any financing; such an obligation will arise only to the extent provided in the Commitment Letter if accepted in accordance with its terms.
This Interim Facility Fee Letter may not be amended or waived except by an instrument in writing signed by us and you.
This Interim Facility Fee Letter shall not be assignable by any party hereto without the prior written consent of each other party hereto (such consent not to be unreasonably withheld, conditioned or delayed), and any attempted assignment without such consent shall be null and void.
On the Revolver Facility Effective Date, a fee in the amount of $2,200,000 less the amount of the Interim Facility Fee paid by the Borrower, which fee shall be earned in full when paid.
On the Entry Date, a fee in the amount of $350,000 (the "Interim Facility Fee") which fee shall be earned in full when paid.