Term Loan Extension Fee Sample Clauses

Term Loan Extension Fee. If the Borrower exercises its right to extend the Term Loan Maturity Date in accordance with Section 2.14., the Borrower shall pay to the Administrative Agent for the account of each Term Loan Lender a fee equal to 0.15% of the aggregate outstanding principal amount of such Term Loan Lender’s Term Loans on the effective date of each such extension. Such fee shall be due and payable in full on, and as a condition precedent to, the effective date of each such extension.
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Term Loan Extension Fee. As a condition to exercising the Extension Option pursuant to Section 2.03(d), the Borrowers shall pay to the Agent, for the account of the Lenders in accordance with their Pro Rata Shares, an extension fee (the "Extension Fee") in an amount equal to 3.00% of the outstanding principal balance of the Loans on the date the Extension Option is exercised.
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Term Loan Extension Fee. If the Term Loan Maturity Date is being extended in accordance with Section 2.13.(b), the Borrower shall pay to the Administrative Agent for the account of each Term Loan Lender (other than any Term Loan Lender holding only Additional Tranche Term Loans) (x) solely with respect to the First Extension Option, a fee equal to three-twentieths of one percent (0.15%) of the outstanding principal amount of Term Loans (other than Additional Tranche Term Loans) held by such Term Loan Lender on the effective date of such extension, and (y) solely with respect to the Second Extension Option, a fee equal to one-fourth of one percent (0.25%) of the outstanding principal amount of Term Loans (other than Additional Tranche Term Loans) held by such Term Loan Lender on the effective date of such extension. The extension fees set forth in clauses (x) and (y) of the immediately preceding sentence shall be due and payable in full on the effective date of the applicable extension.
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Term Loan Extension Fee. Prior to or contemporaneously with the execution of this Fifth Amendment, SI shall pay U.S. Bank $3,000 in consideration of U.S. Bank’s agreement to extend the maturity date of the Term Loan on the basis set forth herein.
Sample 1
Term Loan Extension Fee. The Borrower shall pay to the Administrative Agent on the Term Loan Conversion Date for the account of each Lender a one-time fee equal, in the aggregate, to .250% of the principal amount of the Term Loans made to the Borrower by all such Lenders.
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Term Loan Extension Fee. The Borrowers shall pay to the Lender an extension fee of $150,000 on the Restatement Date.
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Related to Term Loan Extension Fee

  • Term Loan A Subject to the terms and conditions set forth herein, the Lenders will make advances of their respective Term Loan A Commitment Percentages of a term loan (the “Term Loan A”) in an amount not to exceed the Term Loan A Commitment, which Term Loan A will be disbursed to the Borrower in Dollars in a single advance on the Closing Date. The Term Loan A may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Amounts repaid on the Term Loan A may not be reborrowed.

  • Term Loan Advances Subject to Section 2.4(b), the principal amount outstanding under the Term Loan Advances shall accrue interest at a floating per annum rate equal to the greater of (A) two and one-quarter of one percent (2.25%) above the Prime Rate and (B) (1) with respect to the Term A Loan Advance and the Term B Loan Advance, seven and one-half of one percent (7.50%) and (2) with respect to the Term C Loan Advance, seven percent (7.0%), which interest, in each case, shall be payable monthly in accordance with Section 2.4(d) below.”

  • Term Loan Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make Loans to the Borrower during the period from the Closing Date to June 15, 2007, in an aggregate amount not to exceed such Lender’s Pro Rata Share of the Term Commitment. The Borrower from time to time may borrow under the Term Loan Facility (and may reborrow any amount theretofore prepaid) until close of business on June 15, 2007, for a term not to exceed 364 days from the date of the Borrowing. Each such loan under the Term Loan Facility (a “Term Loan”) shall be in the minimum amount of $10,000,000 and shall become due and payable on the last day of the term selected by the Borrower for such Term Loan (the “Term Loan Maturity Date”), which shall in no event be later than 364 days from the date of such Term Loan. The maximum availability under the Term Loan Facility shall be the amount of the Credit minus the aggregate outstanding principal amount of Revolving Loans and Term Loans made by the Lenders; provided, however, that to the extent the proceeds of a Term Loan are used to repay an outstanding Revolving Loan (or a portion thereof), such Revolving Loan (or portion thereof) shall not be considered part of the aggregate principal amount of outstanding Revolving Loans made by the Lenders for purposes of this sentence (such maximum availability hereafter being referred to as the “Term Loan Availability”). Under no circumstances shall the aggregate outstanding principal amount of Term Loans and Revolving Loans made by the Lenders exceed the Credit, and under no circumstances shall any Lender be obligated (i) to make any Term Loan (nor may the Borrower reborrow any amount heretofore prepaid) after June 15, 2007, or (ii) to make any Term Loan in excess of the Term Loan Availability. Each Term Loan made hereunder shall fully and finally mature and be due and payable in full on the Term Loan Maturity Date specified in the Borrowing Advice for such Term Loan; provided, however, that to the extent the Borrowing Advice for any Term Loan selects an Interest Period that expires before the Term Loan Maturity Date specified in such Borrowing Advice, the Borrower may from time to time select additional interest rate options and Interest Periods (none of which shall extend beyond the Term Loan Maturity Date for such Term Loan) by delivering a Borrowing Advice or Notice of Conversion/Continuation, as applicable.

  • Term Loan Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Term Loan Lender severally, but not jointly, agrees to make available to the Borrower (through the Administrative Agent) on the Closing Date such Term Loan Lender’s Term Loan Commitment Percentage of a term loan in Dollars (the “Term Loan”) in the aggregate principal amount of FORTY-FOUR MILLION SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($44,750,000) (the “Term Loan Committed Amount”) for the purposes hereinafter set forth. Upon receipt by the Administrative Agent of the proceeds of the Term Loan, such proceeds will then be made available to the Borrower by the Administrative Agent by crediting the account of the Borrower on the books of the office of the Administrative Agent specified in Section 9.2, or at such other office as the Administrative Agent may designate in writing, with the aggregate of such proceeds made available to the Administrative Agent by the Term Loan Lenders and in like funds as received by the Administrative Agent (or by crediting such other account(s) as directed by the Borrower). The Term Loan may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request; provided, however, that the Term Loan made on the Closing Date or any of the two (2) Business Days following the Closing Date, may only consist of Alternate Base Rate Loans unless the Borrower delivers a funding indemnity letter, substantially in the form of Exhibit 2.1(a), reasonably acceptable to the Administrative Agent not less than three (3) Business Days prior to the Closing Date. LIBOR Rate Loans shall be made by each Term Loan Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. Amounts repaid or prepaid on the Term Loan may not be reborrowed.

  • Term Loan Commitment As to each Term Loan Lender, the amount equal to such Term Loan Lender’s Term Loan Commitment Percentage of the aggregate principal amount of the Term Loans from time to time outstanding to the Borrower.

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