Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:
Prepayment Fee has the meaning set forth in Section 2.2.
Prepayment Fee has the meaning set forth in the Fee Letter.
Examples of Prepayment Fee in a sentence
There is no Prepayment Fee for any prepayments occurring after the second anniversary of the funding date of such term loan.A copy of the Loan Agreement is filed as Exhibit 10.14 to the Company’s Registration Statement on Form S-1, filed with the Securities and Exchange Commission (“SEC”) on February 7, 2022, and a copy of the First Amendment to the Loan Agreement, dated November 4, 2022, is filed as Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q, filed with the SEC on November 9, 2022.
The Company may prepay the Loan in full or in part at any time upon 10 business days’ written notice to the Lender, subject to the applicable Prepayment Fee (as defined below).
More Definitions of Prepayment Fee
Prepayment Fee has the meaning assigned to such term in Section 2.12(b).
Prepayment Fee means, in relation to debt securities and qualifying debt securities, any fee payable by the issuer of the securities on the early redemption of the securities, the amount of which is determined by the terms of the issuance of the securities; and
Prepayment Fee shall be an amount equal to:
Prepayment Fee means (i) if prepaid in the calendar year 2006, 3% of the outstanding principal amount being prepaid; (ii) if prepaid in the calendar year 2007, 2% of the outstanding principal amount being prepaid; and (iii) if prepaid in the calendar year 2008 or 2009, 1% of the outstanding principal amount being prepaid.
Prepayment Fee means an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) five percent (5%) of the unpaid principal balance of the Note as of the Repayment Date.
Prepayment Fee means, with respect to any prepayment of the Loans:
Prepayment Fee shall be an additional fee, payable to Bank, with respect to the Term Loan Advances, in an amount equal to: