Common use of Anniversary Fee Clause in Contracts

Anniversary Fee. From and after the Effective Date and until the Termination Date, the Borrower shall pay to the Administrative Agent for the account of the Lenders, in accordance with their Pro Rata Share, a non-refundable anniversary fee (the “Anniversary Fee”) equal to 1.00% of the average daily principal amount of the Term Loan outstanding during the previous 12 months, which shall be deemed fully earned when paid and which shall be payable on each anniversary of the Effective Date.

Appears in 2 contracts

Samples: Financing Agreement (Blue Apron Holdings, Inc.), Financing Agreement (Blue Apron Holdings, Inc.)

AutoNDA by SimpleDocs

Anniversary Fee. From and after Solely to the Effective Date and until the Termination Dateextent that any Loans remain outstanding at such time, the Borrower shall pay to the Administrative Agent in cash, for distribution to the account of the Lenders, in accordance with their Pro Rata ShareLenders on a pro rata basis, a non-refundable anniversary fee (the “Anniversary Fee”) equal to 1.00of 1.50% of the average daily then outstanding principal amount of the Term Loan outstanding during Loans, on the previous 12 months, which shall be deemed fully earned when paid and which shall be payable on each first anniversary of the Effective Closing Date.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Barnes & Noble Education, Inc.), Term Loan Credit Agreement (Barnes & Noble Education, Inc.)

Anniversary Fee. From and after the Effective Date and until the Termination Date, the The Borrower shall pay to the Administrative Agent for the account of the Lenders, Lenders in accordance with their Pro Rata Share, a non-refundable written agreement between such Lenders an anniversary fee (the "Anniversary Fee") equal to 1.001% of the average daily principal amount of the Term Loan Loans outstanding during the previous 12 twelve (12) months, which shall be deemed fully earned when paid and which shall be payable on each the first anniversary of the Effective Date.

Appears in 1 contract

Samples: Financing Agreement (Decora Industries Inc)

Anniversary Fee. From and after the Effective Date and until the Termination Date, the The Borrower shall pay to the Administrative Agent for the account of the Lenders, in accordance with their Pro Rata ShareShares, a non-refundable anniversary fee (the Anniversary Fee”) equal to 1.00% of the average daily principal amount of the Term Loan outstanding during the previous 12 months$163,854.16, which shall be deemed fully earned when paid on the Effective Date and which shall be payable on each anniversary of the Effective DateDate occurring prior to the date on which all Obligations are paid in full in cash and all Commitments have been terminated.

Appears in 1 contract

Samples: Financing Agreement (Mattress Holding Corp.)

Anniversary Fee. From and after the Effective Date and until the Termination Date, the The Borrower shall pay to the Administrative Agent for the account of the Lenders, in accordance with their Pro Rata ShareShares, a non-refundable anniversary fee (the "Anniversary Fee") equal to 1.00% of the average daily principal amount of the Term Loan outstanding during the previous 12 months$705,000, which shall be deemed fully earned when paid and which shall be payable on the first anniversary of the Closing Date, on each anniversary of the Effective DateClosing Date thereafter and on such date, if any, on which the Loans shall have become due and payable pursuant to Section 8.02.

Appears in 1 contract

Samples: Credit Agreement (Pen Holdings Inc)

AutoNDA by SimpleDocs

Anniversary Fee. From and after The Borrower shall, on each Anniversary Date that occurs prior to the Effective Date and until date upon which the Termination DateObligations are paid in full, the Borrower shall pay to the Administrative Agent for the account of the Lenders, in accordance with their Pro Rata ShareShares, a non-refundable anniversary fee (the “Anniversary Fee”) equal to 1.00% of $930,000 in the average daily principal amount of the Term Loan outstanding during the previous 12 months, which shall be deemed fully earned when paid and which shall be payable on each anniversary of the Effective Dateaggregate for all Lenders.

Appears in 1 contract

Samples: Financing Agreement (Xcel Pharmaceuticals Inc)

Anniversary Fee. From and after the Effective Date and until the Termination Date, the Borrower The Borrowers shall pay to the Administrative Agent for the account of the Lenders, in accordance with their Pro Rata ShareShares, a non-refundable anniversary fee (the "Anniversary Fee") equal to 1.002% of the average daily principal amount of the Term Loan outstanding during the previous 12 monthsMaximum Amount, which shall be deemed fully earned when paid and which shall be payable on each anniversary of the Effective DateDate so long as any of the Obligations remain unpaid or the Commitments shall not have been terminated.

Appears in 1 contract

Samples: Financing Agreement (Foster Wheeler LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.