End of Term Fee definition

End of Term Fee means an end of term fee equal to 5.0% of the principal amount of the Term Loans and any other loans advanced hereunder.
Sample 1Sample 2Sample 3
End of Term Fee means an end of term fee in an amount equal to the sum of (a) two and one half percent (2.5%) of the principal balance of the Loans (other than any Delayed Draw Term Loans and Third Restatement Delayed Draw Term Loans) and any other Obligations advanced or otherwise owed hereunder (excluding Obligations arising under the Note Purchase Documents), including, without limitation, any fees, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Delayed Draw Term Loans and Third Restatement Delayed Draw Term Loans); (b) ten percent (10%) of the principal balance of all Delayed Draw Term Loans and any other Obligations advanced or otherwise owed hereunder in respect of such Delayed Draw Term Loans, including, without limitation, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Loans and other Obligations described in clause (a)); and (c) ten percent (10%) of the principal balance of all Third Restatement Delayed Draw Term Loans and any other Obligations advanced or otherwise owed hereunder in respect of such Third Restatement Delayed Draw Term Loans, including, without limitation, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Loans and other Obligations described in clauses (a) and (b)).
Sample 1Sample 2
End of Term Fee means an end of term fee equal to two and one half percent (2.5%) of the principal balance of the Loans and any other Obligations advanced or otherwise owed hereunder, including, without limitation, any fees, the capitalized interest and any Applicable Prepayment Premiums.
Sample 1Sample 2

Examples of End of Term Fee in a sentence

  • The End of Term Fee and the Applicable Prepayment Premium, if any, shall also be payable in the event the Obligations (and/or this Agreement) are satisfied or released by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or by any other similar means.

  • The parties hereto further acknowledge and agree that neither the End of Term Fee nor the Applicable Prepayment Premium is intended to act as a penalty or to punish the Loan Parties for any such repayment or prepayment.

  • Borrowers shall pay Lender the fees, including but not limited to the Structuring Fee, End of Term Fee and Lender Expenses.

  • Any prepayment or repayment, whether voluntary or involuntary, of the Term Loans upon the occurrence of any End of Term Fee Event or Premium Event shall be accompanied by all accrued interest on the principal amount prepaid or repaid, together with the End of Term Fee and/or the Applicable Prepayment Premium, as applicable.

  • Fourteen letters of representation were received, all of which offered objection to the proposal.

  • The carrying value of the term loan payable at June 30, 2021 includes the present value of the End of Term Fee and the Prepayment Fee.

  • The End of Term Fee on the remaining $5.0 million principal balance is being accrued as additional interest expense using the effective interest method over the term of the loan.

  • If the Term Loans are accelerated for any reason under this Agreement pursuant to the terms herein, the End of Term Fee and Applicable Prepayment Premium applicable thereto shall be calculated as if the date of acceleration of the Term Loans was the date of prepayment of such Term Loans.


More Definitions of End of Term Fee

End of Term Fee means an end of term fee in an amount equal to the sum of (a) two and one half percent (2.5%) of the principal balance of the Loans (other than any Delayed Draw Term Loans and Third Restatement Delayed Draw Term Loans) and any other Obligations advanced or otherwise owed hereunder (excluding Obligations arising under the Note Purchase Documents), including, without limitation, any fees, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Delayed Draw Term Loans and Third Restatement Delayed Draw Term Loans);(b) ten percent (10%) of the principal balance of all Delayed Draw Term Loans and any other Obligations advanced or otherwise owed hereunder in respect of such Delayed Draw Term Loans, including, without limitation, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Loans and other Obligations described in clause (a)); and (c) ten percent (10%) of the principal balance of all Third Restatement Delayed Draw Term Loans and any other Obligations advanced or otherwise owed hereunder in respect of such Third Restatement Delayed Draw Term Loans, including, without limitation, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Loans and other Obligations described in clauses (a) and (b)).
Sample 1
End of Term Fee means (a) in the event that the Obligations are paid in full on or prior to the date that is the two-year anniversary of the Closing Date, an end of term fee equal to [●]% of the sum of (i) the aggregate initial drawn principal amount of the Initial Term Loan plus (ii) the aggregate initial drawn principal amount of the Delayed Draw Term Loan plus (iii) the aggregate initial drawn principal amount of any Incremental Term Loans and (b) thereafter, an end of term fee equal to [●]% of the sum of (i) the aggregate initial drawn principal amount of the Initial Term Loan, plus (ii) the aggregate initial drawn principal amount of the Delayed Draw Term Loan plus (iii) the aggregate drawn principal amount of any Incremental Term Loans.
Sample 1
End of Term Fee is Two Million Sixty Two Thousand Five Hundred Dollars ($2,062,500).
Sample 1
End of Term Fee means $600,000, provided however, if the IPO has not occurred by September 30, 2015, then “End of Term Fee” shall mean $1,000,000.
Sample 1
End of Term Fee means an end of term fee in an amount equal to the sum of (a) two and one half percent (2.5%) of the principal balance of the Loans (other than any Delayed Draw Term Loans) and any other Obligations advanced or otherwise owed hereunder (excluding Obligations arising under the Note Purchase Documents), including, without limitation, any fees, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Delayed Draw Term Loans) and (b) ten percent (10%) of the principal balance of all Delayed Draw Term Loans and any other Obligations advanced or otherwise owed hereunder in respect of such Delayed Draw Term Loans, including, without limitation, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Loans and other Obligations described in clause (a)).
Sample 1

Related to End of Term Fee

  • End of Term Extension means the time period defined in §2.D.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Initial Term Facility means the Initial Term Loan Commitment and the Initial Term Loans made hereunder.

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Tranche B Term Loan as defined in Section 2.1.

  • Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any interest period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions. All percentages used in or resulting from any calculation of Three-Month Term SOFR shall be rounded, if necessary, to the nearest one-hundred-thousandth of a percentage point, with 0.000005% rounded up to 0.00001%.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Initial Term Lender means a Lender with an Initial Term Commitment or an outstanding Initial Term Loan.

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrowers pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 (as in effect on the Closing Date) under the caption “Initial Term Commitment,” as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Initial Term Commitments is $350,000,000.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Tranche A Term Loan as defined in Section 2.1.

  • Effective Date of Termination means the date on which a Qualifying Termination occurs, as provided in Section 2.2 herein, which triggers the payment of Severance Benefits hereunder.

  • Total Term Loan Commitment means, at any time, the sum of the Term Loan Commitments of each of the Lenders at such time.

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • Replacement Term Loans shall have the meaning provided in Section 13.1.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 and/or 9.02(c)(i).

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.