Non-Payment Fee Sample Clauses

Non-Payment Fee. If the Borrower fails to (a) pay in full both the Restructured Loan and the Winddown Loan in full by their respective maturities and (b) pay all obligations due to the Bank with respect to the 1999 Letter of Credit or otherwise cause the Bank to be released from all obligations with respect to the 1999 Letter of Credit or deliver to Bank a backup letter of credit reasonably satisfactory to the Bank for the 1999 Letter of Credit on or before the maturities of the Restructured Loan and the Winddown Loan, then the Borrower shall pay to Bank on the maturity date of the Restructured Loan and the Winddown Loan a non-payment fee equal to $100,000.00 in cash.
Sample 1
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Non-Payment Fee. The Borrower agrees to pay to the Agent for the account of the Lenders a fee (the "Tranche B Non-Payment Fee") in an amount equal to 3% of the Commitments outstanding as of the date immediately prior to the Tranche B Termination Date which shall be fully earned and due and payable on the Tranche B Termination Date. The Agent and the Lenders shall forgive payment of the Tranche B Non-Payment Fee if the Borrower has terminated the Tranche B Commitments and paid in full the outstanding Tranche B Loan on or before the Tranche B Termination Date. Letters of Credit
Sample 1
Non-Payment Fee. The Borrower and Lender acknowledge and agree that, because the Borrower has not paid and is not able, by the Existing Maturity Date, to pay in full the Loans and all other Obligations and to obtain the release of or pay in full the 1997 Letter of Credit or deliver to Bank a backup letter of credit reasonably satisfactory to Bank for the 1997 Letter of Credit, the Borrower is unconditionally and fully liable to pay to the Bank the Non-Payment Fee in the amount of $250,000.00 as required by Section 2.11 of the Loan Agreement and that the Non-Payment Fee is due and payable in full, without offset, deduction or counterclaim of any kind or character whatsoever. Notwithstanding the foregoing, the Lender agrees that Lender shall forbear from demanding payment of such Non-Payment Fee until the earlier of the Maturity Date or the date on which all of the other Non-Ad Art Guaranty Obligations are paid in full.
Sample 1
Non-Payment Fee. If the Borrower does not, on or before the maturity date of the Revolving Loan, (a) pay in full the Loans and all other Obligations and (b) obtain the release of or pay in full the 1997 Letter of Credit or deliver to Bank a backup letter of credit reasonably satisfactory to Bank for the 1997 Letter of Credit, then (x) the Remaining Businesses shall remain fully liable for the payment of any and all fees and charges due under the Loan Documents, and (y) the Remaining Businesses shall pay to Bank, upon maturity of the Revolving Loan, a non-payment fee equal to Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) in cash.
Sample 1
Non-Payment Fee. Subject and in addition to the payment required in subsection 2.3(C), Borrower shall pay to Lender, on demand, a fee of Three Hundred Thousand Dollars ($300,000) if the Obligations have not been repaid in full on or before the Maturity Date. (C)
Sample 1

Related to Non-Payment Fee

  • Non-Payment The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

  • Late Payment Fee Borrower shall pay to Lender a late payment fee equal to six percent (6%) of any Scheduled Payment not paid when due.

  • Prepayment Fee The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares; and

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Ticking Fee The Borrower shall pay to the Administrative Agent for the account of each Term B Lender in accordance with its Applicable Term B Percentage, a ticking fee (the “Ticking Fee”)

  • Exit Fee Upon the earlier to occur of (i) the Term Loan Maturity Date, or (ii) full repayment of the Loan and all other Obligations whether as a result of the acceleration of the Loan, or otherwise, Borrower shall pay an exit fee to Agent, for the benefit of Lenders, in an amount equal to one percent (1.0%) multiplied by the aggregate principal amount of all Term Loans advanced hereunder.

  • Interest Loan Payments Late Payment Charge 43 2.2.1 Payments. 43 2.2.2 Interest Calculation. 44

  • Upfront Fee The Borrower shall pay to the Agent (for the account of each Original Lender) an upfront fee in the amount and at the times agreed in a Fee Letter.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Consent Fee Within five (5) business days of the Effectiveness Date, the Company shall pay, in cash, to all Holders of the Notes an amount equal to $1.25 per $1,000 principal amount of Notes (the “Fee”) held by such Holder on May 11, 2007 (the “Record Date”). No accrued interest will be paid on the Fee.

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