Upfront Fee Payment Date definition
Upfront Fee Payment Date means (i) with respect to all Participants ------------------------ holding a Tranche A-1 Participation Interest Commitment, a Tranche B-1 Participation Interest Commitment on the Document Closing Date or a Tranche C Equity Interest Commitment, the Document Closing Date, and (ii) with respect to each other Participant becoming a Tranche A-1 Participant or Tranche B-1 Participant after the Syndication Closing Date pursuant to a purchase of a Tranche A-1 Participation Interest or a Tranche B-1 Participation Interest that is being converted from a Tranche A-2 Participation Interest or a Tranche B-2 Participation Interest in connection with such percentage pursuant to Section 3.7(f)(iii) of the Participation Agreement, the effective date of such purchase and conversion.
Upfront Fee Payment Date has the meaning specified in Section 2.05(b).
Examples of Upfront Fee Payment Date in a sentence
For the avoidance of doubt, the next Upfront Fee Payment Date shall be March 6, 2024.
Until such time as the Upfront Fee Payment Date has occurred, the Upfront Fee shall bear interest in an amount equal to the LIBO Rate plus 19% per annum (the “Upfront Fee PIK Amount”).