Common use of Term Loan Extension Fee Clause in Contracts

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 agrees to pay to the Administrative Agent for the account of each Term Loan Lender a fee equal to fifteen one hundredths of one percent (0.15%) of the amount of such Term Loan Lender’s Term Loans outstanding on the effective date of such extension. Such fee shall be due and payable in full on and as a condition to the effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (American Realty Capital Properties, Inc.)

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Term Loan Extension Fee. If Each time the Borrower exercises its right to extend the applicable Term Loan Maturity Date in accordance with Section 2.142.13.(b), the Borrower agrees to pay to the Administrative Agent for the account of each applicable Term Loan Lender a fee for each such extension equal to fifteen one hundredths of one percent (0.15%) % of the outstanding principal amount of such Lender’s applicable Term Loan Lender’s Term Loans outstanding on the effective date of such extension. Such fee shall be due and payable in full on and as a condition to the effective date of such extensionbeing so extended.

Appears in 1 contract

Samples: Credit Agreement (Sunstone Hotel Investors, Inc.)

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 agrees to shall pay to the Administrative Agent for the account of each Term Loan Lender a fee equal to fifteen one hundredths of one percent (0.15%) % of the aggregate outstanding principal amount of such Term Loan Lender’s Term Loans outstanding on the effective date of each such extension. Such fee shall be due and payable in full on on, and as a condition to precedent to, the effective date of each such extension.

Appears in 1 contract

Samples: Credit Agreement (NETSTREIT Corp.)

Term Loan Extension Fee. If When the Borrower exercises its right to extend the Term Loan Maturity Date in accordance with Section 2.142.14(b), the Borrower agrees to shall pay to the Administrative Agent for the account of each extending Term Loan Lender a fee equal to fifteen one hundredths of one percent (0.15%) of the principal amount of such extending Term Loan Lender’s then outstanding Term Loans outstanding on the effective date of such extensionLoans. Such fee shall be due and payable paid to the Administrative Agent in full on accordance with the immediately preceding sentence prior to, and as a condition to to, the effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (UDR, Inc.)

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Term Loan Extension Fee. If the Borrower exercises its right As a condition to exercising each option to extend the Term Loan Maturity Date in accordance with pursuant to Section 2.144.6, the Borrower agrees to Borrowers shall pay to the Administrative Agent Agent, for the account of each the Lenders, an extension fee (the "Term Loan Lender a fee Extension Fee") in an amount equal to fifteen one hundredths of one percent (0.15%) 0.30% of the amount outstanding principal balance of such the Term Loan Lender’s on or before five (5) Business Days before the then current Term Loans outstanding on the effective date of such extension. Such fee shall be due and payable in full on and as a condition to the effective date of such extensionLoan Maturity Date.

Appears in 1 contract

Samples: Loan Agreement (Washington Homes Inc)

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