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 shall have the meaning assigned to such term in Section 2.10(j).
Examples of Applicable Prepayment Premium in a sentence
For the avoidance of doubt, no Credit Agreement Refinancing Indebtedness can be used to prepay or repay any Loans made on the Closing Date without the Applicable Prepayment Premium due thereon, if any.
In view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of each Lender’s lost profits as a result thereof, any Applicable Prepayment Premium payable shall be presumed to by the liquidated damages sustained by each Lender as the result of the early termination and/or repayment of the Loans and Borrower agrees that it is reasonable under the circumstances currently existing.
The Applicable Prepayment Premium, if any, shall constitute part of the Obligations.
The Applicable Prepayment Premium shall be fully earned and payable with respect to the full outstanding principal amount of the Loans at the time of any acceleration or commencement of any bankruptcy or insolvency proceeding or termination prior to the third anniversary of the Closing Date.
More Definitions of Applicable Prepayment Premium
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% 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% 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% times the Maximum Revolver Amount.
Applicable Prepayment Premium has the meaning specified in Section 2.12(b).
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, (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 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, 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.
Applicable Prepayment Premium means, as of any date of determination, an amount equal to (a) during the period 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, 5% times the Maximum Revolver Amount, (b) during the period 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, 4% times the Maximum Revolver Amount, (c) during the period from and including the date that is the second anniversary of the Closing Date up to the date that is the third anniversary of the Closing Date, 3% times the Maximum Revolver Amount, (d) during the period from and including the date that is the third anniversary of the Closing Date up to the date that is the fourth anniversary of the Closing Date, 2% times the Maximum Revolver Amount, and (e) during the period from and including the date that is the fourth anniversary of the Closing Date up to the date which is 90 days prior to the Maturity Date, 1% times the Maximum Revolver Amount.