Commitment Termination Fee Sample Clauses

Commitment Termination Fee. The Borrower agrees to pay to the Administrative Agent, for the account of each Lender, on the Availability Termination Date, a commitment termination fee (the “Commitment Termination Fee”) equal to an aggregate amount computed by multiplying (i) 0.75%, times (ii) the amount of the unused Initial Aggregate Commitment. The Commitment Termination Fee, if any, shall be due and payable on the Availability Termination Date.
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Commitment Termination Fee. In the event that the Total Commitment is terminated, either voluntarily or involuntarily (including by virtue of an acceleration as a result of an insolvency event or otherwise), whether at stated maturity, upon an Event of Default or otherwise, on the date of such termination the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, a commitment termination fee in an amount (such amount not to exceed $2,000,000) equal to the greater of (i) 10.0% of the aggregate principal amount of all Loans outstanding immediately prior to such termination and (ii) $1,000,000 (the “Commitment Termination Fee”), provided, however, that no Commitment Termination Fee shall be payable in the event that a DIP Conversion occurs.
Sample 1
Commitment Termination Fee. (i) In the event that the Revolving Commitments or Term Commitments are terminated in whole pursuant to Section 2.03(c) or Section 2.02(b)(ii), the Company shall pay to the Administrative Agent, for the account of the related Holders, concurrently with such termination, a fee in an amount equal to the Commitment Termination Fee with respect to such terminated Commitment. For avoidance of doubt, in the event that both the Revolving Commitments and the Term Commitments are terminated on the same day, the Company shall pay a Commitment Termination Fee with respect to the termination of the Revolving Commitments and a Commitment Termination Fee with respect to the termination of the Term Commitments, in each case pursuant to this clause (i) on that day.
Sample 1
Commitment Termination Fee. On any date on which the Total Commitment under this Agreement is terminated, whether pursuant to Section 4.3, 4.4, 11.2 or otherwise (excluding, however, terminations pursuant to Sections 4.3(a), 6.3 and 11.2 and any termination by Borrower pursuant to Section 4.4 as a result of liability of Borrower arising under Section 6.4 or 6.5 that exceeds or will exceed, in the aggregate, $100,000 during the Commitment Period), Borrower shall pay to Agent on behalf of the Lenders on the date of such termination or reduction a commitment termination fee (the "Commitment Fee") equal to (a) on or before September 30, 1999, 1.0% of the amount of the Total Commitment immediately before termination, and (b) on or after October 1, 1999, 0.5% of the amount of the Total Commitment immediately before termination.
Sample 1
Commitment Termination Fee. The Borrower shall pay to the Lender a commitment termination fee (the “Commitment Termination Fee”) equal to $1,000,000 (which is equal to the product obtained by multiplying (i) the amount of the Borrower’s existing credit facility under the Original Agreement ($200,000,000) and (ii) 50 basis points (.50%)). The Borrower shall pay the Commitment Termination Fee on the Initial Closing Date.
Sample 1

Related to Commitment Termination Fee

  • Commitment Termination Date the earliest to occur of (a) the Revolver Termination Date; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.4; or (c) the date on which the Revolver Commitments are terminated pursuant to Section 11.2.

  • Parent Termination Fee (a) If this Agreement is terminated by the Company pursuant to Section 8.3(a) (Parent Change in Recommendation) then Parent shall, within two (2) Business Days after such termination pay the Company a fee equal to $356,000,000 (the “Parent Termination Fee”) less any amount of Company Expenses previously paid by Parent. In no event shall Parent be required to pay the Parent Termination Fee or the Company Expenses on more than one occasion.

  • Commitment Terminations The Term A-2 Loan Commitments and Additional Term A-2 Commitments shall automatically terminate upon the making, conversion or continuance, as applicable, of the Term A-2 Loans and Additional Term A-2 Loans on the Amendment and Restatement Effective Date. The Borrowers shall have the right at any time and from time to time, upon three (3) Business Days’ prior written notice to the Administrative Agent (which notice may conditioned upon the effectiveness of other credit facilities, indentures or similar agreements or other transactions, in which case such notice may be revoked by the Borrowers (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied), to terminate the Revolving Credit Commitments in whole or in part, any partial termination to be (i) in an amount not less than $1.0 million or any greater amount that is an integral multiple of $0.1 million and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages; provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Revolving Loans and of L/C Obligations then outstanding; provided further that all Revolving Credit Commitments shall terminate automatically on the Revolving Credit Termination Date. Any termination of the Revolving Credit Commitments below the L/C Sublimit then in effect shall reduce the L/C Sublimit by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination (in whole or in part) of the Revolving Credit Commitments. Any termination of the Revolving Credit Commitments pursuant to this Section 2.10 may not be reinstated.

  • Company Termination Fee (a) If this Agreement is terminated (i) by Parent pursuant to Section 8.4(a) (Company Change in Recommendation) or (ii) by the Company pursuant to Section 8.3(c) (Termination for Superior Proposal), then the Company shall, within two (2) Business Days after such termination in the case of clause (i) or concurrently with such termination in the case of clause (ii), pay Parent a fee equal to $356,000,000 (the “Company Termination Fee”) less any amount of Parent Expenses previously paid by the Company.

  • Extension of Commitment Termination Date The Borrower may, no more frequently than once each year by delivering written notice to the Managing Agents (with a copy to the Program Agent), request the Lenders to extend the Commitment Termination Date for an additional 364 days past the then applicable Commitment Termination Date, with such extension to become effective with respect to any Lender Group, as of the date one or more Committed Lenders having Commitments equal to 100% of such Lender Group’s Lender Group Limit shall in their sole discretion consent to such extension (the Lenders in such a Lender Group, “Extending Lenders”). Any such request shall be subject to the following conditions: (i) at no time will any Commitment have a term of more than 364 days and, if any such request would result in a term of more than 364 days, such request shall be deemed to have been made for such number of days so that, after giving effect to such extension on the date requested, such term will not exceed 364 days, (ii) none of the Lenders will have any obligation to extend any Commitment, (iii) any such extension of the Commitment Termination Date will be effective only upon the written agreement of at least one Committed Lender and the Borrower and (iv) any request for such extension shall be made at least sixty (60) days prior to the then current Commitment Termination Date. The Managing Agent for each applicable Committed Lender will respond to any such request within thirty (30) days (with a copy to the Paying Agent) but in any event no earlier than thirty (30) days prior to the then current Commitment Termination Date, provided that any Managing Agent’s failure to respond within such period shall be deemed to be a rejection of the requested extension.

  • Termination Fee (a) In the event that:

  • Prepayment; termination of Commitment A notice under Clause 24.4 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s notice of intended prepayment; and:

  • Expenses; Termination Fee (a) Except as set forth in this Section 8.3, all fees and expenses incurred in connection with this Agreement and the Transactions shall be paid by the Party incurring such expenses, whether or not the Offer and Merger are consummated.

  • Commitment Fees, etc (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a commitment fee for the period from and including the Closing Date to the last day of the Revolving Credit Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Credit Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Credit Termination Date, commencing on the first of such dates to occur after the date hereof.

  • Termination Fees (a) If this Agreement is terminated:

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