CREDIT TERMINATION FEE Sample Clauses

CREDIT TERMINATION FEE. Upon termination or cancellation of the Credit by the Borrower, the Borrower shall pay to the Lender a termination fee in the amount indicated in Supplement A.
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CREDIT TERMINATION FEE. Upon termination or cancellation of the Credit by the Borrower prior to the Termination Date, the Borrower shall pay to the Lender a termination fee in an amount equal to (a) $100,000, if such termination occurs at any time prior to March 31, 1997, or (b) $75,000 at any time thereafter.
Sample 1See All (4)
CREDIT TERMINATION FEE. Upon termination or cancellation of the Credit by the Borrower, the Borrower shall pay to the Lender a termination fee in an amount equal to (a) two percent (2%) of the Revolving Credit Amount in the event that the Credit is terminated or canceled by the Borrower during the period from the date hereof through the two year anniversary of such date, and (b) one percent (1%) of the Revolving Credit Amount thereafter, provided, however, that no termination fee shall be due or payable for six (6) months after the Lender has demanded from the Borrower such amount or amounts as will compensate the Lender for increased capital requirements as set forth in Section 10.3 of the Credit Agreement.
Sample 1
CREDIT TERMINATION FEE. Upon termination or cancellation of the Credit prior the stated Termination Date described in Section 2.4(i) of this Supplement A, the Borrower shall pay to the Lender a termination fee in an amount equal to: (a) two percent percent (2.00%) of the Credit Amount in the event that the Credit is terminated or cancelled during the first Loan Year, and (b) one percent (1.00 %) of the Credit Amount thereafter; PROVIDED, that no credit termination fee is payable if Lender refinances the credit facility provided by the Credit Agreement..
Sample 1
CREDIT TERMINATION FEE. Upon termination of the Line of Credit the Borrower shall pay to the Lender a termination fee (the "Credit Termination Fee") in an amount equal to (a) 1.00% of the Line of Credit Amount in the event that the Line of Credit is terminated or cancelled during the period from the date hereof through the one year anniversary of such date, (b) 0.75% of the Line of Credit Amount in the event that the Line of Credit is terminated or cancelled during the period from the one year anniversary of such date through the two year anniversary of such date, or (c) 0.50% in the event that the Line of Credit is terminated during the period from the two year anniversary of such date through the three year anniversary of such date. The Credit Termination Fee shall be due and owing only in the event that the Borrower terminates the Line of Credit or the Lender terminates the Line of Credit following an Event of Default, and not if the Lender terminates the Line of Credit for any other reason. In no event shall a refinancing with the Lender or any of its Affiliates be deemed a termination under this provision. The Credit Termination Fee is fully earned when due and nonrefundable when paid.
Sample 1

Related to CREDIT TERMINATION FEE

  • Parent Termination Fee (a) If this Agreement is terminated by the Company pursuant to Section 8.3(a) (Parent Change in Recommendation) then Parent shall, within two (2) Business Days after such termination pay the Company a fee equal to $356,000,000 (the “Parent Termination Fee”) less any amount of Company Expenses previously paid by Parent. In no event shall Parent be required to pay the Parent Termination Fee or the Company Expenses on more than one occasion.

  • Company Termination Fee (a) If this Agreement is terminated (i) by Parent pursuant to Section 8.4(a) (Company Change in Recommendation) or (ii) by the Company pursuant to Section 8.3(c) (Termination for Superior Proposal), then the Company shall, within two (2) Business Days after such termination in the case of clause (i) or concurrently with such termination in the case of clause (ii), pay Parent a fee equal to $356,000,000 (the “Company Termination Fee”) less any amount of Parent Expenses previously paid by the Company.

  • Termination Fee (a) In the event that:

  • Termination Fees (a) If this Agreement is terminated:

  • Expenses; Termination Fee (a) Except as set forth in this Section 8.3, all fees and expenses incurred in connection with this Agreement and the Transactions shall be paid by the Party incurring such expenses, whether or not the Offer and Merger are consummated.

  • Early Termination Fee In the event that the Funds terminate this Agreement prior to the five (5) year anniversary of the Effective Date (the “Anniversary Date”), other than due to the Transfer Agent’s bankruptcy under Section 12.6, or for cause under Section 12.7, or under Section 4.2 in the event the Transfer Agent ceases to be a registered transfer agent under the 1934 Act, or under Section 4.9 in the event the Transfer Agent violates clauses (a) or (b) of that Section, the Funds shall pay to the Transfer Agent an early termination fee (the “Early Termination Fee”), the amount of which shall be determined as follows:

  • Effect of Termination; Termination Fee (a) In the event of the termination and abandonment of this Agreement pursuant to Section 10.1, the Agreement shall terminate and have no effect, except as otherwise provided herein and except that the provisions of this Section 10.2, Section 10.5 and Article 11 of this Agreement shall survive any such termination and abandonment.

  • Commitment Termination Date the earliest to occur of (a) the Revolver Termination Date; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.4; or (c) the date on which the Revolver Commitments are terminated pursuant to Section 11.2.

  • Expenses; Termination Fees (a) Except as set forth in this Section 8.3, all fees and expenses incurred in connection with this Agreement and the Transactions shall be paid by the Party incurring such expenses, whether or not the Offer and Merger are consummated.

  • Commitment Terminations The Term A-2 Loan Commitments and Additional Term A-2 Commitments shall automatically terminate upon the making, conversion or continuance, as applicable, of the Term A-2 Loans and Additional Term A-2 Loans on the Amendment and Restatement Effective Date. The Borrowers shall have the right at any time and from time to time, upon three (3) Business Days’ prior written notice to the Administrative Agent (which notice may conditioned upon the effectiveness of other credit facilities, indentures or similar agreements or other transactions, in which case such notice may be revoked by the Borrowers (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied), to terminate the Revolving Credit Commitments in whole or in part, any partial termination to be (i) in an amount not less than $1.0 million or any greater amount that is an integral multiple of $0.1 million and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages; provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Revolving Loans and of L/C Obligations then outstanding; provided further that all Revolving Credit Commitments shall terminate automatically on the Revolving Credit Termination Date. Any termination of the Revolving Credit Commitments below the L/C Sublimit then in effect shall reduce the L/C Sublimit by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination (in whole or in part) of the Revolving Credit Commitments. Any termination of the Revolving Credit Commitments pursuant to this Section 2.10 may not be reinstated.

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