Common use of Yield Maintenance Fee Clause in Contracts

Yield Maintenance Fee. If, at any time prior to the date which is the six-month anniversary of the Closing Date (the “Six Month Anniversary”), the Borrowers elect to prepay any portion of the Loans and/or reduce or terminate the Aggregate Commitment pursuant to a Repricing Transaction, the Borrowers agree to pay to each Lender on the effective date of such prepayment or reduction or termination of the Aggregate Commitment, as applicable, a fee equal to (i) the sum of, without duplication, (x) the amount of such Lender’s Loans that are prepaid plus (y) the amount equal to the reduction in such Lender’s Commitment (or, in the case of termination of the Aggregate Commitment, the entire amount of such Lender’s Commitment) times (ii) (x) Applicable Margin times (y) the number of days remaining from the effective date of such prepayment, reduction or termination until the Six Month Anniversary over 360.

Appears in 3 contracts

Samples: Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.)

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Yield Maintenance Fee. If, at any time prior to the date which is the six-sixth month anniversary of the Closing Date (the “Six Month Anniversary”), the Borrowers elect to prepay any portion of the Loans and/or reduce or terminate the Aggregate Commitment pursuant to a Repricing Transaction, the Borrowers agree to pay to each Lender on the effective date of such prepayment or reduction or termination of the Aggregate Commitment, as applicable, a fee equal to (i) the sum of, without duplication, (x) the amount of such Lender’s Loans that are prepaid plus (y) the amount equal to the reduction in such Lender’s Commitment (or, in the case of termination of the Aggregate Commitment, the entire amount of such Lender’s Commitment) times (ii) (x) Applicable Margin times (y) the number of days remaining from the effective date of such prepayment, reduction or termination until the Six Month Anniversary over 360.

Appears in 3 contracts

Samples: Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.)

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