Applicable Exit Fee Percentage definition
Applicable Exit Fee Percentage means one percent (1%), unless Borrowers shall fully repay the Debt on or prior to the Maturity Date with the proceeds of a Refinancing Loan which is provided by Credit Suisse or an Affiliate thereof (whether or not it is Lender), in which case it shall mean one-half of one percent (0.50%). Borrowers expressly acknowledge and agree that neither Lender nor Credit Suisse nor any Affiliate thereof shall have any obligation to offer or to provide any Refinancing Loan and the failure to offer or to provide any Refinancing Loan shall not affect Borrowers’ obligation to pay the Exit Fee.
Applicable Exit Fee Percentage means: one percent (1.0%) if the payment is made on or before the twenty-fourth (24th) full calendar month following the Closing Date; and one half of one percent (.50%) if the payment is made during or after the twenty-fifth (25th) full calendar month following the Closing Date; provided, however, that if the Termination Date occurs during the Closed Period, the Exit Fee shall be an amount equal to the sum of one percent (1.0%) multiplied by the Term Loan Commitment plus the amount of interest which would have been due and payable from the Termination Date through the end of the Closed Period, assuming a Base Rate equal to the Base Rate as of the Termination Date. Notwithstanding the foregoing, if (i) the Term Loan is repaid with the proceeds of an acquisition or refinancing mortgage loan facility provided by ▇▇▇▇▇▇▇ ▇▇▇▇▇ with respect to both Projects or (ii) ▇▇▇▇▇▇▇ ▇▇▇▇▇ fails to deliver a term sheet with respect to providing such mortgage loan facility within thirty (30) days after receipt from Borrowers of a written request for a term sheet, the Exit Fee will be waived.
Applicable Exit Fee Percentage means, (i) on or before September 30, 2021, 1.00%, (ii) after September 30, 2021 and on or before December 31, 2021, 2.50%, (iii) after December 31, 2021 and on or before March 31, 2022, 3.50% and (iv) after March 31, 2022, 5.00%.
Examples of Applicable Exit Fee Percentage in a sentence
For purposes only of (i) this Article XIII, and (ii) the definition of Applicable Exit Fee Percentage set forth in Section 1.1 of the Mortgage Loan Agreement, the term “Credit Suisse” shall also include any Affiliate of Credit Suisse.
On the Termination Date or upon any voluntary prepayment of the Term Loan as permitted hereunder or upon any mandatory prepayment of the Term Loan, Borrowers shall pay to Administrative Agent for the benefit of Lenders a fee (the "Exit Fee") equal to the Term Loan Commitment multiplied by the Applicable Exit Fee Percentage.
For purposes only of (i) this Article XIII, and (ii) the definition of Applicable Exit Fee Percentage set forth in Section 1.1 hereof, the term “Credit Suisse” shall also include any Affiliate of Credit Suisse.
Borrowers shall pay to Administrative Agent for the benefit of Lenders a fee (the "Exit Fee") equal to the Term Loan Commitment multiplied by the Applicable Exit Fee Percentage.
More Definitions of Applicable Exit Fee Percentage
Applicable Exit Fee Percentage means: two percent (2.0%) if the payment is made on or before the twenty-fourth (24th) full calendar month following the Closing Date; one percent (1.0%) if the payment is made during or after the twenty-fifth (25th) full calendar month following the Closing Date and before or during the thirty-sixth (36th) full calendar month following the Closing Date; and one half of one percent (.50%) if the payment is made during or after the thirty-seventh (37th) full calendar month following the Closing Date; provided, however, that if the Termination Date occurs during the Closed Period, the Exit Fee shall be an amount equal to the sum of two percent (2.0%) multiplied by the Term Loan Commitment plus the amount of interest which would have been due and payable from the Termination Date through the end of the Closed Period, assuming a Base Rate equal to the Base Rate as of the Termination Date. Notwithstanding the foregoing, if (i) the Term Loan is repaid with the proceeds of a mortgage loan facility provided by ▇▇▇▇▇▇▇ ▇▇▇▇▇ with respect to all of the Projects not previously released from the Lien of the Financing Documents pursuant to Section 2.12 or (ii) ▇▇▇▇▇▇▇ ▇▇▇▇▇ fails to deliver a term sheet with respect to providing such mortgage loan facility within thirty (30) days after receipt from Borrowers of a written request for a term sheet, the Applicable Exit Fee Percentage shall be reduced by one-half of one percent (.50%) with respect to payments made from such refinancing proceeds.
Applicable Exit Fee Percentage means [***] percent ([***]%); provided, that, with respect to any prepayment or repayment of all or any portion of the principal amount of the Loans (or any requirement to prepay or repay all or any portion of the principal amount of the Loans), whether pursuant to Section 2.03, Section 2.05, Section 9.02 or otherwise, if, as of the date of such prepayment or repayment (or, as the case may be, the date such prepayment or repayment is required to be paid), Consolidated Nefecon Net Product and Royalty Revenues for the four fiscal quarter period most recently ended prior to such date for which the Loan Parties were required to deliver financial statements pursuant to Section 7.01(a) or (b) were greater than [***], the “Applicable Exit Fee Percentage” with respect to such prepayment or repayment (or, as the case may be, requirement to prepay or repay) shall be [***] percent ([***]%).