Term Loan Prepayment Premium. The applicable portion of the Term Loan Prepayment Premium, when due hereunder;
Term Loan Prepayment Premium. In the event that all or any portion of the Term Loans shall be repaid through voluntary prepayments or through mandatory repayments required as a result of the incurrence of Indebtedness, or repriced (or effectively refinanced) at a lower interest rate or Weighted Average Yield through any amendment of this Agreement, each Lender holding Term Loans shall be paid an amount equal to (i) 102% of the amount of such Term Loans repaid or repriced, if such repayment or repricing is effected prior to the one year anniversary of the Closing Date, and (ii) 101% of the amount of such Term Loans repaid or repriced, if such repayment or repricing is effected on or after the one year anniversary but prior to the two year anniversary of the Closing Date.
Term Loan Prepayment Premium. The Term Loan Prepayment Premium when due hereunder; “CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 24B-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.”
Term Loan Prepayment Premium. In the case of any prepayment of the Initial Term Loans pursuant to Section 2.13(a), or amendment of the Loan Documents relating to the interest rate for, or weighted average yield of, the Initial Term Loans, in each case, made in connection with a Repricing Transaction, the Borrower shall pay at the time of such prepayment or amendment a prepayment premium (a “Term Loan Prepayment Premium”) in the amount of 1.0% of the amount of the Initial Term Loans prepaid or repriced.
Term Loan Prepayment Premium. Upon repayment of the Term Loans at any time on or after the Closing Date for any reason (including any such repayment on the Term Loan Maturity Date or upon acceleration but excluding any such repayment pursuant to (i) Section 2.09 (other than any such payment required to be made on the Term Loan Maturity Date), (ii) Section 2.10(c) (solely with respect to the first $2,500,000 of Net Cash Proceeds that are applied to prepay the Term Loans pursuant to Section 2.10(c) in any fiscal year), (iii) Section 2.10 (f) (solely with respect to the first $2,500,000 of Net Cash Proceeds that are applied to prepay the Term Loans pursuant to Section 2.10(f) in any fiscal year) or (iv) Section 2.10(g)) or in the case of a mandatory assignment of Term Loans pursuant to Section 2.16(b) on or after the Closing Date, Borrower shall pay to the Lenders (or the replaced Lender or Lenders in connection with a mandatory assignment of Term Loans pursuant to Section 2.16(b)) a prepayment premium on the principal amount so prepaid (or mandatorily assigned) as follows: Relevant Period in which prepayment or mandatory assignment, as the case may be, occurs Prepayment Premium (expressed as a percentage of principal amount repaid or mandatorily assigned, as the case may be) After the Closing Date and on or prior to the first anniversary of the Closing Date 7.75% After the first anniversary of the Closing Date and on or prior to the second anniversary of the Closing Date 4.75% After the second anniversary of the Closing Date and on or prior to the third anniversary of the Closing Date 3.25% After the third anniversary of the Closing Date 1.75%”
Term Loan Prepayment Premium. (i) In the event the Borrower voluntarily elects to prepay the Term Loan as permitted by Section 2.05(a) or makes a mandatory prepayment on the Term Loan in accordance with Section 2.05(b)(iv) or Section 2.05(b)(v) within one year of the Closing Date, the Borrower shall be obligated to pay a prepayment fee equal to two percent (2.0%) of the principal amount of the Term Loan prepaid and (ii) in the event the Borrower voluntarily elects to prepay the Term Loan as permitted by Section 2.05(a) or makes a mandatory prepayment on the Term Loan in accordance with Section 2.05(b)(iv) or Section 2.05(b)(v) between September 11, 2004 and September 11, 2005, the Borrower shall be obligated to pay a prepayment fee equal to one percent (1.0%) of the principal amount of the Term Loan prepaid. After September 11, 2005, the Borrower may voluntarily prepay the Term Loan as permitted by Section 2.05(a) or make a mandatory prepayment on the Term Loan in accordance with Section 2.05(b)(iv) or Section 2.05(b)(v) without a prepayment premium or fee.
Term Loan Prepayment Premium. Any prepayment of the Initial Term Loans made ratably to a Class of Term Loan Lenders pursuant to Section 2.15(a) (other than clause (v) thereof) shall be subject to the premiums outlined in the table below: months after the Closing Date % of repaid principal amount 0 to 12 (see below) 13 to 24 103% 25 to 36 101.5% thereafter 100%. -97- Table of Contents Prior to the first anniversary of the Closing Date, ratable prepayments of Initial Term Loans pursuant to Section 2.15(a) (other than clause (v) thereof) shall be made, in whole or in part, in an amount (such amount, the “Make-Whole Amount”) equal to (a) 100% of the then outstanding amount of the Initial Term Loans being prepaid, plus (b) all accrued and unpaid interest on the Initial Term Loans being prepaid to the date of prepayment, plus (c) a make-whole premium (the “Make- Whole Premium”) defined as an amount equal to (i) the present value of (A) the remaining payments of interest on the Initial Term Loans being prepaid through the first anniversary of the Closing Date (other than accrued and unpaid interest on the Initial Term Loans being prepaid to the date of prepayment and assuming the interest rate equals the Applicable Margin plus the "LIBOR floor” then in effect) and (B) the prepayment price of the Initial Term Loans being prepaid as of the first anniversary of the Closing Date (103% of the principal amount thereof), and using a discount rate equal to the applicable treasury rate plus 50 basis points, less (ii) the principal of the Initial Term Loans being prepaid as of the day of determination.
Term Loan Prepayment Premium. Borrower acknowledges and agrees that (i) it has no right to prepay the Term Note without the Bank's consent, which the Bank will grant only on the terms and subject to the conditions hereinafter provided; (ii) the Bank will be harmed by reason of any prepayment of the Term Note at a time when interest rates have declined below the levels prevailing at the time funds were advanced under the Term Note, because any reinvestment of the prepaid funds at the lower rates prevailing at the time of prepayment will produce a lower return to the Bank; (iii) there is no readily available index of rates payable on loans such as that from the Bank to Borrower, nor any assurance that the Bank could replace the loan with a similar loan; and (iv) changes in the yields on U.S. government securities provide a reasonable approximation for changes in interest rates generally.
Term Loan Prepayment Premium. Borrower agrees to pay to Agent, for the account of each Term Lender on a pro rata basis that holds a portion of the Term Loan, upon a prepayment (including, without limitation, any voluntary or mandatory prepayments pursuant to Section 2.04, upon acceleration or otherwise) of all or a portion of such Term Loan of such Term Lender, the Prepayment Premium on the amount so prepaid.
Term Loan Prepayment Premium. A fully-earned, non-refundable prepayment premium (the “Prepayment Premium”), equal to the following: (i) if the Term Loan is prepaid in full on or prior to the First Anniversary, an amount equal to three percent (3.00%) of the Term Loan Amount (i.e. Seven Hundred Fifty Thousand Dollars ($750,000.00); (ii) if the Term Loan is prepaid in full after the First Anniversary Date but on or prior to the Second Anniversary, an amount equal to two percent (2.00%) of the Term Loan Amount (i.e. Five Hundred Thousand Dollars ($500,000.00); and (iii) if the Term Loan is prepaid in full after the Second Anniversary but prior to the Term Loan Maturity Date, an amount equal to one percent (1.00%) of the Term Loan Amount (i.e. Two Hundred Fifty Thousand Dollars ($250,000.00); provided for the avoidance of doubt, partial prepayments of the Term Loan are not permitted hereunder; provided that no Prepayment Premium shall be charged if the credit facility hereunder is replaced with a new facility from Bank or any of Bank’s Affiliates; and
