EARLY TERMINATION FEE shall definition

EARLY TERMINATION FEE shall i) mean the fee the Agent for the account of the Lenders is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to the fifth Anniversary Date; and ii) be determined by calculating the sum of (a) the average daily balance of the Revolving Loans for the period from the date of this Amendment Letter to the Early Termination Date and (b) the average daily undrawn face amount of the Letters of Credit outstanding for the period from the date of this Amendment Letter to the Early Termination Date and multiplying that sum by three tenths of one percent (.30%) per annum for the number of days from the Early Termination Date to the fifth Anniversary Date".
Sample 1
EARLY TERMINATION FEE shall. (i) mean the fee chargeable to the Borrower by the Agent in the event the Borrower terminates the Revolving Line of Credit or this Financing Agreement on a date prior to the third anniversary of the Closing Date; and (ii) be determined by multiplying the Revolving Line of Credit by (x) one percent (1%) if the Early Termination Date occurs on or before one (1) year from the Closing Date, (y) one-half of one percent (.50%) if the Early Termination Date occurs after one (1) year from the Closing Date but on or before two (2) years from the Closing Date; and (z) one EBITDA shall mean, for any period, Net Income for such period plus, to the extent deducted in determining Net Income for such period, the aggregate amount of Interest Expense and income tax expense for such period, and all depreciation, amortization and other non-cash charges for such period, minus, to the extent included in determining Net Income for such period, the aggregate amount of interest income for such period that has been deferred or has not been paid in cash, all determined in accordance with GAAP on a consistent basis, but excluding (i) the effect of extraordinary or non-reoccurring gains or losses for such period, and (ii) all amounts paid in cash to the Borrower during such period resulting from the unwinding of any Hedging Obligation of the Borrower.
Sample 1
EARLY TERMINATION FEE shall. (a) mean the fee CITBC is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to an Anniversary Date; and (b) be determined by multiplying the Line of Credit by (x) two percent (2%) if the Early Termination Date occurs on or before April 30, 2003, (y) one percent (1%) if the Early Termination Date occurs after April 30, 2003 but on or before April 30, 2004 and (z) zero percent (0%) if the Early Termination Date occurs after April 30, 2004 but prior to an Anniversary Date."
Sample 1

Examples of EARLY TERMINATION FEE shall in a sentence

  • EARLY TERMINATION FEE shall mean an amount equal to the product obtained by multiplying (a) the maximum amount of the Revolving Line of Credit times (b) (i) one percent (1.0%) if the Early Termination Date occurs on or before the first anniversary of the Closing Date and (ii) one-half percent (0.5%) if the Early Termination Date occurs after the first anniversary of the Closing Date but on or before the second anniversary of the Closing Date.

  • XXXXXXXX agrees that the EARLY TERMINATION FEE shall also be due to Harbortouch if MERCHANT discontinues submitting SALES for procesing during the INITIAL TERM or any RENEWAL TERM of the AGREEMENT.

  • One group highlighted in that area are White students and our goal is to determine why they are not equally represented at EVC and what activitieswe can use to improve this number.


More Definitions of EARLY TERMINATION FEE shall

EARLY TERMINATION FEE shall i) mean the fee the Agent in behalf of the Lenders --------------------- is entitled to charge the Companies in the event they terminate the Line of Credit or this Financing Agreement on a date prior to an Anniversary Date; and ii) be determined by calculating the sum of (x) the average daily loan balance of the Revolving Loans of the Companies plus (y) the average daily balance of outstanding Letters of Credit of the Companies and (z) the average daily balance of the Term Loans and CAPEX Term Loans of the Companies for the period from the date of this Financing Agreement to the Early Termination Date and multiplying that number by the applicable percentage set forth below per annum for the number of days from the Early Termination Date to the next succeeding Anniversary Date:
Sample 1
EARLY TERMINATION FEE shall i) mean the fee CITBC is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to January 1, 1999; and ii) be determined by multiplying the average daily loan balance under the Revolving Loan for the period from the date of this Financing Agreement to the Early Termination Date by one and one-half percent (1 1/2%) for the number of days from the Early Termination Date to January 1, 1999."
Sample 1
EARLY TERMINATION FEE shall i) mean the fee CITBC is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to the fifth Anniversary Date (except as otherwise provided in Section 10 of this Financing Agreement); and ii) be determined by calculating the sum of (a) the average daily balance of the Revolving Loans for the period from the date of this Financing Agreement to the Early Termination Date, (b) the average daily undrawn face amount of the Letters of Credit outstanding from the date of this Financing Agreement to the Early Termination Date and (c) the average daily balance of CAPEX Term Loans for the period from the effective date of the CAPEX Term Loan Line of Credit to the Early Termination Date and multiplying that sum by (i) one percent (1%) per annum if the Early Termination Date occurs prior to the second Anniversary Date; (ii) three-quarters of one percent (3/4 of 1%) per annum if the Early Termination Date occurs on or after the second Anniversary Date but prior to the third Anniversary Date; and (iii) one-half of one percent (1/2 of 1%) per annum if the Early Termination Date occurs on or after the third Anniversary Date but prior to the fifth Anniversary Date, in each case for the number of days from the Early Termination Date to the fifth Anniversary Date."
Sample 1
EARLY TERMINATION FEE shall. (a) mean the fee CIT is entitled to charge the Companies or any one of them upon the termination of the Revolving Line of Credit or this Financing Agreement; and (b) be determined by multiplying the Revolving Line of Credit by two percent (2%)."
Sample 1

Related to EARLY TERMINATION FEE shall

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Early Termination Event has the meaning specified in Section 9.2.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Early Termination Charge means, with respect to any 2016-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2016-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2016-B Lease balance over the related 2016-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Termination Fee Event has the meaning ascribed thereto in Section 5.2(a);

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Early Termination Schedule is defined in Section 4.2 of this Agreement.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2 and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, May 18, 2009 (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Accretion Termination Date As defined in the Series Supplement.

  • Lease Termination Date means the last day of the Lease Term.

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Agreement Termination Date is defined in Section 7.4.