Common use of Liquidity Fee Clause in Contracts

Liquidity Fee. The Borrower agrees that if (i) at any time after the Closing Date the Regulations are amended, modified or supplemented such that the Board's consent shall be necessary in order for any Lender to sell a participation in its portion of the Loan to any Person the sale of a participation to which would not require the Board's consent if the Regulations were then as in effect on the Closing Date and (ii) any such Lender seeks the Board's consent to sell such a participation and such consent is not granted, then such Lender shall so notify the Borrower and the Agent and the Borrower shall thereafter (until such consent may be granted) pay to the Agent for the account of such Lender a liquidity fee equal to [ . . . * * * . . . ] per annum of the principal amount of the Loan outstanding from time to time held by such Lender, such liquidity fee to accrue from the date of such notice from such Lender and to be payable on each Interest Payment Date.

Liquidity Fee. The Borrower agrees that if (i) at any time after the Closing Date the Regulations are amended, modified or supplemented such that the Board's consent shall be necessary in order for any Lender to sell a participation in its portion of the Loan to any Person the sale of a participation to which would not require the Board's consent if the Regulations were then as in effect on the Closing Date and (ii) any such Lender seeks the Board's consent to sell such a participation and such consent is not granted, then such Lender shall so notify the Borrower and the Agent and the Borrower shall thereafter (until such consent may be granted) pay to the Agent for the ***Confidential Treatment Requested account of such Lender a liquidity fee equal to [ . . . * * * . . . [...***...] per annum of the principal amount of the Loan outstanding from time to time held by such Lender, such liquidity fee to accrue from the date of such notice from such Lender and to be payable on each Interest Payment Date.

Liquidity Fee. The Borrower agrees that if (i) at any time after the Closing Date the Regulations are amended, modified or supplemented such that the Board's consent shall be necessary in order for any a Lender to sell a participation in its portion of the Loan to any Person the sale of a participation to which would not require the Board's consent if the Regulations were then as in effect on the Closing Date and (ii) any such the Initial Lender seeks the Board's consent to sell such a participation and such consent is not granted, then such the Initial Lender shall so notify the Borrower and the Agent and the Borrower shall thereafter (until such consent may be granted) pay to the Agent for the account of such the Initial Lender a liquidity fee equal to [ . . . * * * . . . ] [...***...]% per annum of the product of the principal amount of the Loan outstanding from time to time held by such Lenderthe Initial Lender and the Guaranteed Percentage, such liquidity fee to accrue from the date of such notice from such the Initial Lender and to be payable on each Interest Payment Date.