Prepayment Fee Regarding Term Loans. No amount of outstanding Term Loans shall be prepaid by the Borrower pursuant to Section 2.11(a) unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Term Lenders), contemporaneously with the prepayment of such Term Loans, the Prepayment Fee. Any such Prepayment Fee shall be fully earned on the date paid and shall not be refundable for any reason.
Prepayment Fee Regarding Term Loans. The Term Loans shall not be prepaid in full in connection with a Change of Control or refinancing of a third-party by the Borrower pursuant to Section 2.11(a) prior to the first anniversary of the Closing Date, unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Term Lenders), contemporaneously with the prepayment of such Term Loans, a Term Loan prepayment fee equal to 1.00% of the aggregate amount of the Term Loans so prepaid; provided that if any such prepayment is made as part of a refinancing of this Agreement by SVB or one of its Affiliates, no prepayment fee shall be due to SVB under this Section 2.11(b). Notwithstanding the forgoing, no such prepayment fee shall be payable in connection with a refinancing, repayment or prepayment of the Term Loans in connection with a Qualified Public Offering.
Prepayment Fee Regarding Term Loans. No amount of outstanding Term Loans shall be prepaid by the Borrower pursuant to Section 2.11(a) or Section 2.12(b) prior to the first anniversary ofdate that is six months after the FirstThird Amendment Effective Date unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Term Lenders), contemporaneously with the prepayment of such Term Loans, a Term Loan prepayment fee equal to 1.00% of the aggregate amount of the Term Loans so prepaid. Any such Term Loan prepayment fee shall be fully earned on the date paid and shall not be refundable for any reason.
Prepayment Fee Regarding Term Loans. No amount of outstanding Term Loans shall be prepaid by the Borrower pursuant to Section 2.12(a) during the period commencing on the Closing Date and ending on the Second Anniversary of the Closing Date unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Term Lenders), contemporaneously with the prepayment of such Term Loans, a Term Loan prepayment fee equal to (i) if such prepayment occurs prior to the First Anniversary, two percent (2.00%) of the aggregate amount of the Term Loans so prepaid; and (ii) if such prepayment occurs on the First Anniversary, but prior to the Second Anniversary, one percent (1.00%) of the aggregate amount of the Term Loans so prepaid. If such prepayment occurs on or after the Second Anniversary, no Term Loan prepayment fee shall be incurred by Borrower. Any such Term Loan prepayment fee shall be fully earned on the date paid and shall not be refundable for any reason.
Prepayment Fee Regarding Term Loans. No amount of outstanding Term Loans shall be prepaid by the Borrowers pursuant to Section 2.11(a) unless the Borrowers pay to the Administrative Agent (for the ratable benefit of the Term Lenders), contemporaneously with the prepayment of such Term Loans, a Term Loan prepayment fee equal to, (i) with respect to any such Term Loan prepayment made during the period commencing on the Funding Date and ending on the first anniversary of the Funding Date, 2.00% of the aggregate amount of the Term Loans so prepaid, and (ii) with respect to any such Term Loan prepayment made during the period commencing on the first anniversary of the Funding Date and ending on the second anniversary of the Funding Date, 1.00% of the aggregate amount of the Term Loans so prepaid. Any such Term Loan prepayment fee shall be fully earned on the date paid and shall not be refundable for any reason.
