Professional Fees Component definition

Professional Fees Component means that certain Component of the Bridge Facility which shall not exceed $275,000 in aggregate principal amount, a Drawn Down of which may only be used to pay Professional Fees associated with the Closing Day or the date of any subsequent Draw-Down under the Bridge Facility. The Professional Fees Component shall have five sub-components (the "Sub-Components"), each of which is dedicated to the payment of fees of a particular party or group. If any of the Sub-Components dedicated to a particular party or Appendix A - 7
View Source

Examples of Professional Fees Component in a sentence

  • Consistent with Section 11.9 hereof, the Borrowers hereby acknowledge that the availability or non-availability of loan proceeds under the Professional Fees Component or relevant Sub-Component notwithstanding, complete payment of Professional Fees shall be a condition precedent to each Draw-Down.

  • The Borrowers shall have paid in full all Professional Fees and other expenses of Tennessee ▇▇▇▇▇▇ incurred up to the Closing Day hereof and hereby acknowledge and agree that Tennessee Farmers may net the amounts necessary to pay all such Professional Fees against any wiring of funds on Closing Day connected with a Draw-Down of the Professional Fees Component.

  • Unless the Professional Fees Component or a relevant Sub-Component is exhausted, such payment may be made by borrowing under such Component of the Bridge Facility and then allowing Tennessee Farmers to net such amounts owing from any wiring of such Bridge Facility loan proceeds.