Early Payment Fee means, if any Investment of a Purchaser allocated (or, in the case of a requested Purchase not made by the Liquidity Providers for any reason other than their default, scheduled to be allocated) to a Tranche Period for a CP Tranche or Eurodollar Tranche is reduced or terminated before the last day of such Tranche Period (the amount of Investment so reduced or terminated being referred to as the “Prepaid Amount”), the cost to the relevant Purchaser of terminating or reducing such Tranche, which (a) for a CP Tranche means any compensation payable in prepaying the related commercial paper or, if not prepaid, any shortfall between the amount that will be available to Windmill on the maturity date of the related commercial paper from reinvesting the Prepaid Amount in Permitted Investments and the Face Amount of such commercial paper and (b) for a Eurodollar Tranche will be determined based on the difference between the LIBOR applicable to such Tranche and the LIBOR applicable for a period equal to the remaining maturity of the Tranche on the date the Prepaid Amount is received.
Early Payment Fee means, if any Investment of a Purchaser allocated (or, in the case of a requested Purchase not made by the Purchasers for any reason other than their default, scheduled to be allocated) to a Tranche Period for a Eurodollar Tranche is reduced or terminated before the last day of such Tranche Period (the amount of Investment so reduced or terminated being referred to as the “Prepaid Amount”), the cost to the relevant Purchaser of terminating or reducing such Tranche, which for a Eurodollar Tranche will be determined based on the difference between the LIBOR applicable to such Tranche and the LIBOR applicable for a period equal to the remaining maturity of the Tranche on the date the Prepaid Amount is received.
Early Payment Fee means, if any Investment of a Purchaser allocated (or, in the case of a requested Purchase not made by the Committed Purchasers for any reason other than their improper acts or omissions, scheduled to be allocated) to a Tranche Period for a CP Tranche or Eurodollar Tranche is reduced or terminated before the last day of such Tranche Period with the effect that Discount then ceases to accrue on the amount reduced or terminated (the amount of Investment so reduced or terminated being referred to as the “Prepaid Amount”), the cost to the relevant Purchaser of terminating or reducing such Tranche, which (a) for a CP Tranche means any compensation payable in prepaying the related commercial paper or, if not prepaid, any shortfall between the amount that will be available to Amsterdam on the maturity date of the related commercial paper from reinvesting the Prepaid Amount in Permitted Investments and the Face Amount of such commercial paper and (b) for a Eurodollar Tranche will be determined based on the difference between the LIBOR applicable to such Tranche and the LIBOR applicable for a period equal (or as close as possible) to the remaining maturity of the Tranche on the date the Prepaid Amount is received.
Examples of Early Payment Fee in a sentence
The EPP enables buyers (in this case Oldham) to accelerate payment (to Day 5 payment terms from invoice date, as opposed to typical 30-day term) to their suppliers in exchange for an Early Payment Fee (‘EPF’).
The Borrower acknowledges that he or she has had the opportunity to review Section 2.05 and Schedules 2.05(A) and 2.05(B) of the Facility Agreement and has done so to the extent he or she felt necessary to understand the calculation of the Early Payment Fee (which may be substantial).
With respect to the payment of an Early Payment Fee to Bank One only (and not with respect to any other Lender), the amount of such Early Payment Fee shall be calculated pursuant to Section 2.05 and Schedules 2.05(A) and 2.05(B) to the Facility Agreement.
No Early Payment Fee shall be payable in respect of any prepayment of any Loan prior to the Conversion Date or, if and only if a fixed rate of interest has not become applicable to the Notes pursuant toSection 2.02(b) of the Facility Agreement, any prepayment made on or after the Conversion Date.
The amount payable pursuant to this Section is referred to as the "Early Payment Fee".
More Definitions of Early Payment Fee
Early Payment Fee is defined in the applicable Rate Supplement.
Early Payment Fee shall have the meaning assigned to such term in Section 2.05(c).
Early Payment Fee means, if any Investment of a Purchaser allocated (or, in the case of a requested Purchase not made by the Committed Purchasers for any reason other than their improper acts or omissions, scheduled to be allocated) to a Tranche Period for a CP Tranche or Eurodollar Tranche is reduced or terminated before the last day of such Tranche Period with the effect that Discount then ceases to accrue on the amount reduced or terminated (the amount of Investment so reduced or terminated being referred to as the “Prepaid Amount”), the cost to the relevant Purchaser of terminating or reducing such Tranche, which (a) for a CP Tranche means any compensation payable in prepaying the related commercial paper or, if not prepaid, any shortfall between the amount that will be available to Windmill on the maturity date of the related commercial paper from reinvesting the Prepaid Amount in Permitted Investments and the Face Amount of such commercial paper and (b) for a Eurodollar Tranche will be determined based on the difference between the LIBOR applicable to such Tranche and the LIBOR applicable for a period equal (or as close as possible) to the remaining maturity of the Tranche on the date the Prepaid Amount is received.
Early Payment Fee means, if any Investment of a Purchaser allocated (or, in the case of a requested Purchase not made by the Committed Purchasers for any reason other than their default, scheduled to be allocated) to a Tranche Period for a CP Tranche or Eurodollar Tranche is reduced or terminated before the last day of such Tranche Period (the amount of Investment so reduced or terminated being referred to as the "Prepaid Amount"), the cost to the relevant Purchaser of terminating or reducing such Tranche, which (a) for a CP Tranche means any compensation payable in prepaying the related commercial paper or, if not prepaid, any shortfall between the amount that will be available to a Conduit Purchaser, on the maturity date of the related commercial paper from reinvesting the Prepaid Amount in Permitted Investments and the Face Amount of such commercial paper and (b) for a Eurodollar Tranche will be determined based on the difference between the LIBOR applicable to such Tranche and the LIBOR applicable for a period equal to the remaining maturity of the Tranche on the date the Prepaid Amount is received.
Early Payment Fee means, on the date of any Premium Event:
Early Payment Fee means, if (i) any Eurodollar Advance is not made by ABN AMRO (or any of its assignees) after the Borrower so requests pursuant to Section 2, other than because of a default by ABN AMRO (or such assignees), or (ii) any Eurodollar Advance, or portion thereof, is repaid before its Maturity Date (the amount so repaid being referred to as the "PREPAID AMOUNT"), the cost to ABN AMRO (or such assignee) of such reduction in the Eurodollar Advance it holds (or was scheduled to hold, in the case of clause (i) above), determined based on the difference between the LIBOR applicable (or, in the case of clause (i) above that would have been applicable) to such Borrowing and the LIBOR that would be applicable for a period equal to the remaining scheduled maturity of the Advance on the date the requested Eurodollar Advance is not made or the Prepaid Amount is received.