Term Loan Facility Fee definition

Term Loan Facility Fee means a payment of an annual fee equal to (i) $17,500 due upon the date of this Agreement and (ii) 0.50 percentage points of the principal balance remaining under the Term Loan due on each anniversary thereof.

Term Loan Facility Fee is hereby amended as follows:

Term Loan Facility Fee is defined in Section 2.6(b).

Examples of Term Loan Facility Fee in a sentence

• Borrower shall pay the Term Loan Facility Fee to Lender promptly upon the execution of this Agreement and annually thereafter.

• The effectiveness of this Business Financing Modification Agreement is conditioned upon payment of the Default Fee, Revolving Line Facility Fee, Term Loan Facility Fee, and Due Diligence Fee.

• Borrower shall pay Lender a fee in the amount of $10,000 (“Default Fee”), the Revolving Line Facility Fee of $35,000, the Term Loan Facility Fee of $14,000, and the Due Diligence Fee of $600, plus all out-of-pocket expenses.

• For purposes of clarity, in the event that the Borrower does not receive any Subsequent Term Loan Advances prior to June 30, 2015 and so long as it has paid the Subsequent Term Loan Facility Fee, the Borrower may cancel the Subsequent Term Loan Facility prior to June 30, 2015 without paying the June 30 Subsequent Term Loan Facility Fee.

• Borrower may, subject to the other provisions hereof, cancel the Subsequent Term Loan Facility at any time prior to June 30, 2015 (so long as it has paid the Subsequent Term Loan Facility Fee) or upon the issuance by Parent of Common Stock or other equity securities in an aggregate amount of Twenty Million Dollars ($20,000,000).

More Definitions of Term Loan Facility Fee

Term Loan Facility Fee means the fee payable to the Administrative Agent for distribution to the Term Loan Lenders in accordance with Section 4.10 hereof.

Term Loan Facility Fee shall have the meaning provided in Section 3.01(a)(ii).

Term Loan Facility Fee means a fee equal to $135,000 due upon the date of this Agreement. “Term Loan Maturity Date” means June 10, 2019.

Term Loan Facility Fee. As defined in Section 2.09.

Term Loan Facility Fee means a payment of a fee equal to Two Thousand Dollars ($2,000) due upon the Closing Date.

Term Loan Facility Fee is a fee due on the Effective Date equal to one and twenty-five hundredths percent (1.25%) of the total funded Term A-1 Loan; an additional one and twenty-five hundredths percent (1.25%) of the total funded Term A-2 Loan, if and when funded; and an additional one and twenty-five hundredths percent (1.25%) of the total funded Term B Loan, if and when funded; in each case, payable to Collateral Agent for the ratable benefit of the Lenders according to their Term Loan Commitments.

Term Loan Facility Fee means a fee equal to $135,000 due upon the date of this Agreement.