Term-Out Fee definition
Term-Out Fee. The meaning specified in subsection 2.9(c).
Term-Out Fee has the meaning assigned to such term in Section 2.09(b).
Term-Out Fee means an amount equal to 1.875% of the Revolving Loans outstanding on the Revolving Credit Maturity Date, immediately prior to giving effect to the Term-Out Option.
Examples of Term-Out Fee in a sentence
The Term-Out Fee shall be due and payable on the effective date of the Term-Out.
More Definitions of Term-Out Fee
Term-Out Fee shall have the meaning set forth in Section 3.06(c).
Term-Out Fee means an amount equal to (a) the Term-out Percentage multiplied by (b) the Loan Balance as of the close of business on the Business Day immediately preceding the Term-out Election Date.
Term-Out Fee as defined in Section 3.1(b).
Term-Out Fee means an amount equal to the product of (a) the Term-Out Loans and (b) 1.25%.
Term-Out Fee has the meaning assigned to such term in Section 2.04(d). “Term SOFR Determination Day” has the meaning assigned to it under the definition of “Term SOFR Reference Rate.” “Term SOFR Rate” means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two (2) U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator. “Term SOFR Reference Rate” means, for any day and time (such day, the “Term SOFR Determination Day”), with respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period, the rate per annum published by the CME Term SOFR Administrator and identified by the Agent as the forward-looking term rate based on SOFR. If by 5:00 p.m. (New York City time) on such Term SOFR Determination Day, the “Term SOFR Reference Rate” for the applicable tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Rate has not occurred, then, so long as such day is otherwise a U.S. Government Securities Business Day, the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate was published by
Term-Out Fee shall have the meaning assigned to it in Section 1.04(f).
Term-Out Fee has the meaning assigned to such term in Section 2.12(d). “Transactions” means the execution, delivery and performance by the Borrower of this Agreement and the other Loan Documents, the grant by the Borrower of the Liens granted by it pursuant to the Collateral Documents, the perfection of the Liens created under the Collateral Documents, the borrowing of Loans and other credit extensions, the use of the proceeds thereof and the issuance of Letters of Credit hereunder. “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted Term SOFR Rate, the Adjusted Daily Simple SOFR or the Alternate Base Rate. “UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York or any other state the laws of which are required to be applied in connection with the issue of perfection of security interests. “UGI Energy Services” means UGI Energy Services, LLC, a Pennsylvania limited liability company. “Unadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. “Unliquidated Obligations” means, at any time, any Obligations (or portion thereof) that are contingent in nature or unliquidated at such time, including any Obligation that is: (i) an obligation to reimburse a bank for drawings not yet made under a letter of credit issued by it; (ii) any other obligation (including any guarantee) that is contingent in nature at such time; or (iii) an obligation to provide collateral to secure any of the foregoing types of obligations. “Unrestricted Cash and Cash Equivalents” means, with respect to any Person, cash and Permitted Investments of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person. “U.S. Government Securities Business Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. “U.S. Person” means (i) for purposes of Sections 3.22 and 6.09 hereof, any United States citizen, lawful permanent resident, entity organized under the laws of the United States or any jurisdiction within the United Stat...