Common use of Termination and Line Reduction Fees Clause in Contracts

Termination and Line Reduction Fees. If the Credit Facility is terminated for any reason as of a date other than the Maturity Date, or the Borrower reduces the Maximum Line, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the Maximum Line (or the reduction, as the case may be) as follows: (A) three percent (3%) if the termination or reduction occurs on or before the first anniversary of the Funding Date; (B) two percent (2%) if the termination or reduction occurs after the first anniversary of the Funding Date but on or before the second anniversary of the Funding Date; and (C) one percent (1%) if the termination or reduction occurs after the second anniversary of the Funding Date.

Termination and Line Reduction Fees. If (i) the Lender terminates the Credit Facility is terminated for any reason as of during a Default Period, or if (ii) the Borrower terminates or reduces the Credit Facility on a date other than prior to the Maturity Date, or the Borrower reduces the Maximum Line, then the Borrower shall pay to the Lender as liquidated damages and not as a penalty a termination fee in an amount equal to a percentage of the Maximum Line Amount (or the reductionreduction of the Maximum Line Amount, as the case may be) calculated as follows: (A) three two percent (32%) if the termination or reduction occurs on or before the first anniversary of the Funding Date; or (B) two one percent (21%) if the termination or reduction occurs after the first anniversary of the Funding Date but on or before the second anniversary of the Funding Date; and (C) one percent (1%) if the termination or reduction occurs after the second anniversary of the Funding Date.

Termination and Line Reduction Fees. If the Credit Facility is terminated for any reason as of a date other than the Maturity Date, or the Borrower reduces the Maximum Line, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the Maximum Line (or the reduction, as the case may be) as follows: (Ai) three percent (3%) 1.0% if the termination or reduction occurs on or before the first third anniversary of the Funding Date; (Bii) two percent (2%) 0.67% if the termination or reduction occurs after the first third anniversary of the Funding Date but on or before the second fourth anniversary of the Funding Date; and (Ciii) one percent (1%) 0.5% if the termination or reduction occurs after the second fourth anniversary of the Funding Date."

Termination and Line Reduction Fees. If If (i) the Lender terminates the Credit Facility is terminated for any reason as of during a Default Period, or if (ii) the Borrower terminates or reduces the Credit Facility on a date other than prior to the Maturity Date, or the Borrower reduces the Maximum Line, then the Borrower shall pay to the Lender as liquidated damages and not as a penalty a termination fee in an amount equal to a percentage of the Maximum Line Amount (or the reductionreduction of the Maximum Line Amount, as the case may be) calculated as follows: (A) three two percent (32%) if the termination or reduction occurs on or before the first anniversary of the Funding Date; (B) two one percent (2%1) if the termination or reduction occurs after the first anniversary of the Funding Date Date, but on or before the second anniversary of the Funding Date; and (C) one-half of one percent (1.50%) if the termination or reduction occurs after the second anniversary of the Funding Date.

Termination and Line Reduction Fees. If (i) the Lender terminates the Credit Facility is terminated for any reason as of during a Default Period, or if (ii) the Borrower terminates or reduces the Credit Facility on a date other than prior to the Maturity Date, or the Borrower reduces the Maximum Line, then the Borrower shall pay to the Lender as liquidated damages and not as a penalty a termination fee in an amount equal to a percentage of the Maximum Line Amount (or the reductionreduction of the Maximum Line Amount, as the case may be) calculated as follows: (A) three percent (3%) if the termination or reduction occurs on or before the first anniversary of the Funding Date; and (B) two one percent (21%) if the termination or reduction occurs after the first anniversary of the Funding Date Date, but on or before the second anniversary of the Funding Date; and (C) one percent (1%) if the termination or reduction occurs after the second anniversary of the Funding Date.