Common use of Term Loan Conversion Fee Clause in Contracts

Term Loan Conversion Fee. If, pursuant to Section 2.12, the outstanding balance of the Loan is converted into the Term Loan, Borrower agrees to pay to Agent, for the benefit of the Lenders, an annual conversion fee, payable on each of the first anniversary and the second anniversary of the Term Loan Conversion Date, equal to fifteen one-hundredths percent (0.15%) of the principal balance of the Term Loan outstanding on each such date (taking into account any principal payment made on such dates).

Term Loan Conversion Fee. If, pursuant to Section 2.122.11., the outstanding balance of the Loan Revolving Loans is converted into Term Loans, the Term Loan, Borrower agrees to pay to Agent, the Agent for the benefit account of each Lender a conversion fee equal to one-quarter of one percent (0.25%) per annum of the Lenders, an annual conversion fee, payable outstanding principal balance of such Lender's Term Loan on each of the first anniversary and the second anniversary of the Term Loan Conversion Date, equal to fifteen one-hundredths percent (0.15%) date of the principal balance conversion of the Revolving Loans into the Term Loan outstanding on each Loans, such date (taking into account any principal payment made fee to be payable on such dates)anniversary date.

Term Loan Conversion Fee. If, pursuant to Section 2.12, the outstanding balance of the Loan is converted into the Term Loan, Borrower agrees to pay to Agent, for the benefit of the Lenders, an annual conversion fee, payable on each of the first anniversary and the second anniversary of the Term Loan Conversion Date, equal to fifteen one-hundredths percent (0.15%) of the principal balance of the Term Loan outstanding on each such date (taking into account any principal payment made on such dates).. 27

Term Loan Conversion Fee. If, pursuant to Section 2.122.11., the outstanding balance of the Loan Revolving Loans owing by a Borrower is converted into the Term LoanLoans, such Borrower agrees to pay to Agent, the Agent for the benefit account of each Lender a conversion fee equal to one-quarter of one percent (0.25%) per annum of the Lenders, an annual conversion fee, payable outstanding principal balance of such Lender's Term Loan to such Borrower on each of the first anniversary and the second anniversary of the Term Loan Conversion Date, equal to fifteen one-hundredths percent (0.15%) date of the principal balance conversion of the Revolving Loans into the Term Loan outstanding on each Loans, such date (taking into account any principal payment made fee to be payable on such dates)anniversary date.