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Step-Up Fee Sample Clauses

Step-Up Fee. The Borrower shall pay to the Administrative Agent, for the pro rata benefit of the Lenders, a fee equal to 0.25% of the Commitments (regardless of usage) on December 31, 2008, March 31, 2009, June 30, 2009 and September 30, 2009, payable on each such date.
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Step-Up Fee. Subject to Section 3.01 of the Fee and Capitalization Agreement, in the event that, with respect to any Approved Qualifying Transaction, the applicable Athene Party does not exercise its Commutation Right with respect to such Approved Qualifying Transaction as of the Initial Commutation Date in accordance with the applicable Transaction Agreements, then ALRe shall, or shall cause the applicable Athene Party to, pay on an annual basis the Step-up Fee with respect to such Approved Qualifying Transaction to the ACRA Investment Entity in the ACRA Silo that is participating in such Approved Qualifying Transaction. The “Step-Up Fee” with respect to each Approved Qualifying Transaction shall be an amount determined in accordance with the Fee and Capitalization Agreement, which amount will generally be determined in the same manner as the Wrap Fee.
Sample 1
Step-Up Fee. (a) Each Note will bear interest at the rate per annum as provided in Section 1.1, however: ACTIVE 58093961v3 Colliers International EMEA Xxxxx PLCColliers International Group Inc.Fifth Amendment to 2018 Note Agreement (i) if the Total Debt/Consolidated EBITDA Ratio in respect of the most recently completed Relevant Period is greater than 3.00:1 and the Company does not then have a Qualifying Rating, then the Company shall pay (or cause to be paid) to each holder of a Note a per annum fee equal to 0.50% (50 basis points) to be calculated on a daily pro rated basis (computed on the basis of a 360-day year of twelve 30-day months) on the aggregate principal amount of each Note held by such holder from time to time outstanding (such fee, the “Step-Up Fee”), which Step-Up Fee shall accrue until the Obligors deliver (A) a certificate for the then most recently completed Relevant Period demonstrating that the Total Debt/Consolidated EBITDA Ratio for that period was less than or equal to 3.00:1 or (B) a Qualifying Rating. The accrual of any Step-Up Fee for each Note shall take effect retroactively as of the first day of the Quarter in which the officers certificate is delivered in accordance with Section 7.2 reflecting the Total Debt/Consolidated EBITDA Ratio in respect of the most recently completed Relevant Period being greater than 3.00:1 (the “Leverage Step-Up Date”). The termination of any Step-Up Fee for each Note shall take effect (C) retroactively as of the first day of the Quarter in which the officers certificate is delivered in accordance with Section 7.2 reflecting the Total Debt/Consolidated EBITDA Ratio in respect of the most recently completed Relevant Period being less than or equal to 3.00:1 (“Leverage Compliance Certificate”) or (D) on the date on which a Qualifying Rating is obtained. The accrued Step-Up Fee shall become due and payable to the Noteholders on the earlier of (x) the next interest payment date with respect to the Notes or (y) the date on which the Notes shall have been prepaid or have become due and payable as a result of maturity or acceleration. (ii) the Company shall promptly, and in any event within two (2) Business Days after receipt by any Obligor of notification of a Negative Rating Event give written notice thereof to each holder of Notes. Such notice shall specify the effective date of the reduction of such Credit Rating of the Notes, which shall be the date of the occurrence of the Negative Rating Event (the “Rating Step...
Sample 1
Step-Up Fee. The Borrower shall pay to the Agent for the account of the Lenders in proportion to their Percentage Interests, on the last day of each three-month period commencing on December 5, 2001, a step-up fee computed daily in the amount of 3% per annum on the average daily Total Commitment, as in effect from time to time.
Sample 1

Related to Step-Up Fee

  • Break-Up Fee On the date the Petitions are filed (the "Petition Date"), RAG shall file a motion (after consulting with and obtaining the input from counsel to UDC) seeking a hearing date on approval of the Transition Agreement in the form attached hereto as Exhibit B, and the Break-Up Fee (as defined below) on or before the tenth day following the Petition Date. Such motion shall request the UDC's claim for the Break-Up Fee be afforded status as a superpriority administrative claim secured by a lien on the Reliance Entities' assets. The Bankruptcy Court order approving the Transition Agreement and the Break-Up Fee shall be reasonably satisfactory in form and substance to each Party hereto (the "Break-Up Fee Order"). The Reliance Entities shall pay to UDC a $2,000,000 fee (the "Break-Up Fee") in the event that after the Bankruptcy Court has entered the Break-Up Fee Order, (a) RAG and UDC execute and deliver the Warrant Agreement and (b)(i) UDC terminates the Transition Agreement, the Servicing Agreement or this Agreement by written notice after the Reliance Entities materially breach the Transition Agreement or this Agreement at any time or the Servicing Agreement prior to the effective date of the Consensual Plan, as applicable (provided that at such time UDC is not then in breach of any of such Agreements); or (ii) the Transactions are not consummated solely as a result of the Reliance Entities' entering into an alternative transaction with a counterparty other than UDC; it being understood that the conditions described in clauses (a) and (b) shall not be satisfied if the Transactions are not consummated due to the failure of a condition to Closing set forth in paragraph 6 below to have been satisfied. UDC shall pay to the Reliance Entities a $2,000,000 fee (the "Reliance Break-Up Fee") in the event that after the Bankruptcy Court has entered the Break-Up Fee Order, the Reliance Entities terminate the Transition Agreement, the Servicing Agreement or this Agreement by written notice after UDC materially breaches the Transition Agreement or this Agreement at any time or the Servicing Agreement prior to the effective date of the Consensual Plan, as applicable (provided that at such time the Reliance Entities are not then in breach of any of such Agreements).

  • Up-Front Fee The Borrowers shall pay to the Agent an up-front fee in the amount and at the times agreed in a Fee Letter.

  • Distribution Fee The distribution fee payable to the Dealer Manager as additional compensation for serving as the dealer manager for the Offering and reallowable to Soliciting Dealers with respect to Shares sold by them, as described in the Corporation’s Prospectus.

  • Utilization Fee If the aggregate outstanding amount of (i) all Revolving Credit Advances hereunder and (ii) all "Revolving Credit Advances" under (and as defined in) the Three-Year Agreement exceeds thirty-three percent (33%) of the aggregate amount of (x) all Commitments hereunder and (y) all "Commitments" under (and as defined in) the Three-Year Agreement then in effect on such date (or, if any of the Commitments or "Commitments" have been terminated, the aggregate amount of all Commitments and "Commitments" in effect immediately prior to such termination), the Borrower will pay to the Agent for the ratable benefit of the Lenders a utilization fee (the "Utilization Fee") at a per annum rate equal to the Applicable Utilization Fee Rate in effect from time to time payable on the aggregate outstanding amount of all Revolving Credit Advances on such date, payable in arrears quarterly on the last day of each March, June, September and December, and on the Revolver Termination Date.

  • PAYMENT OF REFERRAL FEE For each Referred Client, Recipient Broker/Agent shall pay Xxxx.xxx 35% of the gross compensation earned on the referred side in connection with the sale and purchase of real property by such Referred Client if closing occurs within 18 months after the date Xxxx.xxx identified via the monthly report, agent portal and/or placed such Referred Client to Recipient Agent, and the property closed with Recipient Agent (a “Referral Fee”). In the event Recipient Broker/Agent provides the Referred Clients information to another Agent in the brokerage and the Referred Client closes with that Agent, a Referral Fee will be due and that agent shall also be considered a Recipient Agent for the purposes of this Agreement. In the event the Recipient Broker/Agent is an active client of XXXX.xxx’s “Guaranteed Display” featured agent program at the time of the property closing, the applicable referral will be 30%. Recipient Broker/Agent shall either (i) direct the escrow/closing agent to pay the Referral Fee to Xxxx.xxx at closing or (ii) pay the Referral Fee directly to Xxxx.xxx within 15 calendar days of closing.

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office.

  • 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.

  • Closing Fee On the Effective Date, the Borrower agrees to pay to the Administrative Agent and each Lender all loan fees as have been agreed to in writing by the Borrower and the Administrative Agent.

  • 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.

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

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