Prepayment Administration Fee Clause Samples

Prepayment Administration Fee. To the extent Borrower makes any prepayment of the Term Loans pursuant to Section 2.05(a) during the period commencing on the Closing Date and ending as of the date occurring twelve (12) calendar months thereafter, Borrower shall, together with the applicable prepayment, pay to the Administrative Agent (for the benefit of the Lenders based on their respective Applicable Percentages of the Total TL Outstandings as of such date) a prepayment administration fee (the “Prepayment Administration Fee”) in an amount equal to one percent (1.0%) of the principal amount of the Term Loans being prepaid; provided, however, that the Prepayment Administration Fee with respect to prepayments of the Term Loans in an aggregate amount of up to 33 1/3% of the greatest amount of the Total TL Outstandings as calculated at the end of any day during such period shall be waived to the extent such prepayments are made by the Borrower with the proceeds of an Equity Issuance.