Term Loan Prepayment Fee means a fee equal to (i) two percent (2.00%) of the principal amount of the Term Loan prepaid if the prepayment is on or prior to the first anniversary of the Sixth Amendment Effective Date and (ii) one percent (1.00%) of the principal amount of the Term Loan prepaid if the prepayment is after the first anniversary of the Sixth Amendment Effective Date but on or prior to the second anniversary of the Sixth Amendment Effective Date.
Term Loan Prepayment Fee means a fee equal to (i) two percent (2.00%) of the principal amount of the Term Loan prepaid if the prepayment is on or prior to the first anniversary of the First Amendment Effective Date and (ii) one percent (1.00%) of the principal amount of the Term Loan prepaid if the prepayment is after the first anniversary of the First Amendment Effective Date but on or prior to the second anniversary of the First Amendment Effective Date.
Term Loan Prepayment Fee is defined in Clause 2.3(c)(iii).
Examples of Term Loan Prepayment Fee in a sentence
If the Term Loan have become due and payable according to the terms hereof because of the occurrence and continuance of an Event of Default, Borrower shall pay to Bank on the date that the Term Loan become due and payable according to the terms hereof, in addition to any accrued interest and any other sums owing, the Term Loan Prepayment Fee, and such Term Loan Prepayment Fee shall bear interest until paid at a rate equal to the highest rate applicable to the Obligations.
If the Term Loan is accelerated following the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (a) all outstanding principal with respect to the Term Loan, plus accrued and unpaid interest thereon, (b) the Term Loan Prepayment Fee, and (c) all other sums, including Bank Expenses, if any, that shall have become due and payable hereunder in connection with the Term Loan.
Each Term Loan Prepayment Fee shall be due and payable on the effective date of such prepayment and thereafter shall bear interest at a rate equal to the highest rate applicable to any of the Obligations.
More Definitions of Term Loan Prepayment Fee
Term Loan Prepayment Fee means (a) for the period from the Closing Date through the first anniversary of the Closing Date, an amount equal to five percent (5%) of the principal amount to be prepaid, (b) for the period from the second anniversary of the Closing Date through the third anniversary of the Closing Date, an amount equal to three percent (3%) of the principal amount to be prepaid, and (c) for the period from the third anniversary of the Closing Date through the fourth anniversary of the Closing Date, an amount equal to one percent (1%) of the principal amount to be prepaid; provided, however, that, notwithstanding the foregoing, the Term Loan Prepayment Fee with respect to a prepayment of the Term Loan pursuant to Section 2.8(b) or subdivision (vi) of Section 5.12(f) hereof, shall be an amount equal to one percent (1%) of the principal amount to be prepaid.
Term Loan Prepayment Fee shall have the meaning set forth in the Fee Letter.
Term Loan Prepayment Fee has the meaning set forth in Section 4.2(b) hereof.
Term Loan Prepayment Fee means (a) on or prior to the first anniversary of the Closing Date, 3.00% of the principal amount of the Term Loan to be repaid, (b) following the first anniversary of the Closing Date and on or prior to the second anniversary of the Closing Date, 2.00% of the principal amount of the Term Loan to be repaid, (c) following the second anniversary of the Closing Date and on or prior to the third anniversary of the Closing Date, 1.00% of the principal amount of the Term Loan to be repaid, and (d) following the third anniversary of the Closing Date $0.
Term Loan Prepayment Fee set forth in Section 1.1 of the Term Loan Agreement is hereby deleted in its entirety and the following is inserted in lieu thereof: Term Loan Prepayment Fee: (i) from the Fifth Amendment Effective Date through and including the date that is fifteen (15) months following the Fifth Amendment Effective Date (the “Specified Prepayment Fee Date”), 3.00% of the principal amount of the Term Loans prepaid or required to be prepaid, (ii) following the Specified Prepayment Fee Date through and including the first anniversary of the Specified Prepayment Fee Date, 2.00% of the principal amount of the Term Loans prepaid or required to be prepaid, and (iii) at all times following the first anniversary of the Specified Prepayment Fee Date, 0.00%.
Term Loan Prepayment Fee means, with respect to any payment or prepayment of the Term Loan (including upon acceleration of the maturity of the Term Loan but excluding payments pursuant to Section 2.07(d), and amount equal to (a) on or prior to the first anniversary of the Closing Date, three percent (3%) of the principal amount of the Term Loan required to be repaid or prepaid (other than pursuant to Section 2.07(c)), (b) after the first anniversary of the Closing Date and on or prior to the second anniversary of the Closing Date, two percent (2%), (c) after the second anniversary of the Closing Date and on or prior to the third anniversary of the Closing Date, one percent (1%), and (d) after the third anniversary of the Closing Date, $0.
Term Loan Prepayment Fee means, as of any date of determination, (i) 2.00% of the original principal amount of the Term Loan if such prepayment occurs on or before the first anniversary of the Effective Date and (ii) 1.00% of the original principal amount of the Term Loan if such prepayment occurs after the second anniversary of the Effective Date. The Term Loan Prepayment Fee shall be due from Borrower to Lender upon any prepayment of the principal of the Term Loan, including without limitation any prepayment as a result of an Event of Default or the exercise of any rights or remedies by Lender following the same. Lender’s right to termination compensation under this section shall be without prejudice to any of Lender’s other rights and remedies under this Agreement. The termination fee shall be due and payable on the effective date of termination and thereafter shall bear interest at a rate equal to the highest rate applicable to any of the Obligations.