Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.
Applicable Prepayment Premium means, as of any date of determination, an amount equal to (i) during the period from the Closing Date up to (but not including) the date that is the first anniversary of the Closing Date, 1% times the Maximum Revolver Amount on the date immediately prior to the date of determination and (ii) from and after the date that is the first anniversary of the Closing Date, 0%.
Applicable Prepayment Premium means, as of any date of determination, an amount equal to (a) during the period of time from and after the date of the execution and delivery of this Agreement up to the date that is the first anniversary of the Closing Date, 3.0% times the Maximum Revolver Amount, (b) during the period of time from and including the date that is the first anniversary of the Closing Date up to the date that is the second anniversary of the Closing Date, 2.0% times the Maximum Revolver Amount, and (c) during the period of time from and including the date that is the second anniversary of the Closing Date up to the Maturity Date, 1.0% times the Maximum Revolver Amount.
Examples of Applicable Prepayment Premium in a sentence
Each prepayment made pursuant to this clause (b)(i) made in connection with a reduction of the Total Revolving Credit Commitment pursuant to clause (a)(i) above shall be accompanied by the payment of the Applicable Prepayment Premium, if any.
Notwithstanding anything to the contrary in this Section 2.05, upon at least ten (10) days prior written notice to the Administrative Agent, the Administrative Borrower may terminate this Agreement by Paying in Full to the Administrative Agent the Obligations, plus the Applicable Prepayment Premium, if any, payable in connection with such termination of this Agreement, and the Lenders’ obligations to extend credit hereunder shall terminate concurrently with such repayment.
Each prepayment made pursuant to this clause (b)(ii) shall be accompanied by the payment of (A) accrued interest to the date of such payment on the amount prepaid and (B) the Applicable Prepayment Premium, if any, payable in connection with such prepayment of the Term Loans.
Each prepayment made pursuant to this Section 2.05(b)(ii) shall be accompanied by the payment of (A) accrued interest to the date of such payment on the amount prepaid and (B) the Applicable Prepayment Premium, if any, payable in connection with such prepayment of the Term Loan.
The Borrowers shall be obligated to Pay in Full the Obligations, plus the Applicable Prepayment Premium, if any, payable in connection with such termination of this Agreement on the date set forth as the date of termination of this Agreement in such notice; provided that such notice of termination may be rescinded (and/or updated to provide a new payoff date) by the Administrative Borrower if any transaction involving the refinancing or repayment of the Obligations fails to close.
More Definitions of Applicable Prepayment Premium
Applicable Prepayment Premium shall have the meaning assigned to such term in Section 2.10(j).
Applicable Prepayment Premium has the meaning specified in Section 2.12(b).
Applicable Prepayment Premium means as of any date of determination an amount equal to (A) during the period from and after the Closing Date up to and including the date that is the first anniversary of the Closing Date, 5.0% times the principal balance of the Obligations being prepaid on such date, (B) during the period from and after the date that is the first day after the first anniversary of the Closing Date up to and including the date that is the second anniversary of the Closing Date, [***] times the amount of the principal balance of the Obligations being prepaid on such date, and (C) during the period from and after the date that is the first day after the second anniversary of the Closing Date up to and including the date that is the third anniversary of the Closing Date, [***] times the amount of the principal balance of the Obligations being prepaid on such date.
Applicable Prepayment Premium means, (i) with respect to the Bridge Amortization payment, a premium of ten percent (10.00%) of the principal payment made, together with payment of all interest that would have accrued on the Term Loans (assuming no change in the LIBOR Rate) until February 28, 2021 on the amount of the Bridge Amortization, and (ii) with respect to any other prepayments of the principal of the Term Loans in connection with a Prepayment Event occurring prior to the fourth anniversary of the Closing Date, shall be accompanied by a premium equal to: (a) on any date prior to the date that is twenty-four (24) months after the Closing Date, payment of all interest that would have accrued on the Term Loans (assuming no change in the LIBOR Rate) until the date that is twenty-four (24) months after the Closing Date, plus a premium of two percent (2.00%) of the principal amount of the Term Loan Facility so prepaid, repaid, refinanced or amended, (b) after the date that is twenty-four (24) months after the Closing Date but prior to the date that is thirty-six (36) months after the Closing Date (or if such date is not a Business Day, the previous Business Day), two percent (2.00%) of the principal amount of the Term Loan Facility so prepaid, repaid, refinanced or amended and (c) on or after the date that is thirty-six (36) months after the Closing Date (or if such date is not a Business Day, the previous Business Day) but on or prior to the date that is forty-eight (48) months after the Closing Date, one percent (1.00%) of the principal amount of the Term Loan Facility so prepaid, repaid, refinanced or amended, in each case, with respect to clauses (i) and (ii), including such prepayment, repayment, refinancing or amendment in connection with (u) a Change of Control, (v) an acceleration of the Term Loan Facility as a result of the occurrence of an Event of Default, (w) foreclosure and sale of, or collection of, the Collateral in connection with the exercise of remedies by the Agents and Lenders following an Event of Default, (x) sale of the Collateral in any insolvency proceeding of any Credit Party, (y) the restructure, reorganization, or compromise of the Term Loan Facility by the confirmation of a plan of reorganization or any other plan of compromise, restructure, or arrangement in any insolvency proceeding of any Credit Party or any of its Subsidiaries, or (z) the termination of the Credit Documents for any reason.
Applicable Prepayment Premium means, as of any date of determination, whether before or after an Event of Default or acceleration and to the extent applicable, (x) with respect to the Term Loan A and the Revolving Credit Commitments, an amount equal to (a) during the period of time from and after the Effective Date up to the date that is the first anniversary of the Effective Date, an amount equal to 2.00% times the sum of (i) the amount of any permanent reduction or termination of the Total Revolving Credit Commitment on such date (or, in the case of a termination of the Revolving Credit Commitment, the total amount of the Revolving Credit Commitment immediately prior to such termination) plus (ii) the principal amount of any prepayment of the Term Loan A on such date, (b) during the period of time after the date that is the first anniversary of the Effective Date up to and including the date that is the second anniversary of the Effective Date, an amount equal to 1.00% times the sum of (i) the amount of any permanent reduction or termination of the Total Revolving Credit Commitment on such date (or, in the case of a termination of the Revolving Credit Commitment, the total amount of the Revolving Credit Commitment immediately prior to such termination) plus (ii) the principal amount of any prepayment of the Term Loan A on such date, and (c) thereafter, zero, and (y) with respect to the Term Loan B, an amount equal to (a) during the period of time from and after the Amendment No. 3 Effective Date up to the date that is the first anniversary of the Amendment No. 3 Effective Date, an amount equal to 2.00% times the principal amount of any prepayment of the Term Loan B on such date, (b) during the period of time after the date that is the first anniversary of the Amendment No. 3 Effective Date up to and including the date that is the second anniversary of the Amendment No. 3 Effective Date, an amount equal to 1.00% times the principal amount of any prepayment of the Term Loan B on such date, and (c) thereafter, zero.
Applicable Prepayment Premium means, if a Prepayment Premium Trigger Event occurs:
Applicable Prepayment Premium means, as of any date of determination, an amount equal to (a) 0.10%, times (b) the Maximum Revolver Amount, times (c) the number of months (full or partial) remaining from such date of determination until the Maturity Date.