Common use of Termination and Line Reduction Fees Clause in Contracts

Termination and Line Reduction Fees. If the Lender after an Event of Default, or the Borrowers at any time, terminate the Credit Facility as of a date other than the Maturity Date, or if the Borrowers reduce the Maximum Line, the Borrowers shall pay 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: (i) three percent (3.0%) if the termination or reduction occurs on or before the first anniversary of the Funding Date; (ii) two percent (2.0%) 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 (iii) one percent (1.0%) if the termination or reduction occurs after the second anniversary of the Funding Date but before the Maturity Date.

Termination and Line Reduction Fees. If If (i) the Lender after an Event of Defaultterminates the Credit Facility during a Default Period, or if (ii) the Borrowers at any time, terminate Borrower terminates or reduces the Credit Facility as of provided under Section 2.9 on a date other than prior to the Maturity Date, or if then the Borrowers reduce the Maximum Line, the Borrowers Borrower shall pay 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: (iA) three percent (3.0%) if the termination or reduction occurs on or before the first anniversary of the Funding Date; (iiB) two percent (2.0%) 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 (iiiC) one percent (1.0%) if the termination or reduction occurs after the second anniversary of the Funding Date but before the Maturity Date.

Termination and Line Reduction Fees. If the Lender after an Event of Defaultterminates the Commitment during a Default Period, or if the Borrowers at any time, Borrower requests that the Lender terminate or reduce the Credit Facility as of Commitment on a date other than prior to the Maturity Date, or if then the Borrowers reduce the Maximum Line, the Borrowers Borrower shall pay to the Lender a termination or line reduction 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) as follows: (iA) three one and one-half percent (3.01.5%) if the termination or reduction occurs on or before the first anniversary of the Funding Date; (iiB) two one percent (2.01.0%) 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 (iiiC) one-half of one percent (1.00.5%) if the termination or reduction occurs after the second anniversary of the Funding Date but before the Maturity Date.

Termination and Line Reduction Fees. If If (i) the Lender after an Event of Default, or the Borrowers at any time, terminate terminates the Credit Facility 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 if then the Borrowers reduce the Maximum Line, the Borrowers Borrower shall pay the Lender as liquidated damages 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: (iA) three percent (3.03%) if the termination or reduction occurs on or before the first anniversary of the Funding Date; (iiB) two percent (2.02%) 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 (iiiC) one percent (1.01%) if the termination or reduction occurs after the second anniversary of the Funding Date but before the Maturity Date.