Common use of Exit Fee Clause in Contracts

Exit Fee. Upon the earlier to occur of (i) the Term Loan Maturity Date, or (ii) full repayment of the Loan and all other Obligations whether as a result of the acceleration of the Loan, or otherwise, Borrower shall pay an exit fee to Agent, for the benefit of Lenders, in an amount equal to one percent (1.0%) multiplied by the aggregate principal amount of all Term Loans advanced hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Aralez Pharmaceuticals Inc.), Credit Agreement (Aralez Pharmaceuticals Inc.), Credit Agreement (Aralez Pharmaceuticals Inc.)

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Exit Fee. Upon the earlier to occur of (i) the Term Loan Maturity Date, or (ii) full repayment of the Loan and all other Obligations whether as a result of the acceleration of the Loan, or otherwise, Borrower shall pay an exit fee to Agent, for the benefit of Lenders, in an amount equal to one eight percent (1.08.0%) multiplied by the aggregate principal amount of all Term Loans advanced hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Hooper Holmes Inc), Credit Agreement (Hooper Holmes Inc)

Exit Fee. Upon the earlier to occur of (i) the Term Loan Maturity Date, or (ii) full repayment of the Loan and all other Obligations whether as a result of the acceleration of the Loan, or otherwise, Borrower shall pay an exit fee to Agent, for the benefit of Lenders, in an amount equal to one two percent (1.02.0%) multiplied by the aggregate principal amount of all Term Loans advanced hereunder.

Appears in 2 contracts

Samples: Credit Agreement (SWK Holdings Corp), Credit Agreement (Response Genetics Inc)

Exit Fee. Upon the earlier to occur of (i) the Term Loan Maturity Date, or (iior(ii) full repayment of the Loan and all other Obligations whether as a result of the acceleration of the Loan, or otherwise, Borrower shall pay an exit fee to Agent, for the benefit of Lenders, in an amount equal to one percent (1.0%) multiplied by the aggregate principal amount of all Term Loans advanced hereunder$800,000.

Appears in 2 contracts

Samples: Credit Agreement (SWK Holdings Corp), Credit Agreement (Pdi Inc)

Exit Fee. Upon the earlier to occur of (i) the Term Loan Maturity Date, or (ii) full repayment of the Loan and all other Obligations whether as a result of the acceleration of the Loan, or otherwise, Borrower shall pay an exit fee to Agent, for the benefit of Lenders, in an amount equal to one *** percent (1.0***%) multiplied by the aggregate principal amount of all Term Loans advanced hereunder.

Appears in 1 contract

Samples: Credit Agreement (Response Genetics Inc)

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Exit Fee. Upon the earlier to occur of (i) the Term Loan Maturity Date, or (ii) full repayment of the Loan and all other Obligations whether as a result of the acceleration of the Loan, or otherwise, Borrower shall pay an exit fee to Agent, for the benefit of Lenders, each Lender in an amount equal to one the product of (i) two percent (1.02.0%) ), multiplied by (ii) the product of (x) such Lender’s Pro Rata Term Loan Share, multiplied by (y) the aggregate principal amount of all Term Loans advanced hereunder.

Appears in 1 contract

Samples: Credit Agreement (Response Genetics Inc)

Exit Fee. Upon the earlier to occur of (i) the Term Loan Maturity Date, or (ii) full repayment of the Loan and all other Obligations Obligations, whether as a result of the application of Net Cash Proceeds from any Disposition, the contractual acceleration of the LoanLoan hereunder, an acceleration of the Loan by Agent in accordance with this Agreement or otherwise, Borrower shall pay an exit fee to Agent, for the benefit of Lenders, in an amount equal to one four percent (1.04.0%) multiplied by the aggregate principal amount of all Term Loans advanced hereunder.

Appears in 1 contract

Samples: Credit Agreement (SWK Holdings Corp)

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