Debt Financing Fee definition
Examples of Debt Financing Fee in a sentence
The Debt Financing Fee includes the reimbursement of the specified cost incurred by the Advisor of engaging third parties to source debt financing, and nothing herein shall prevent the Advisor from entering fee-splitting arrangements with third parties with respect to the Debt Financing Fee.
In no event will the Debt Financing Fee be paid more than once in respect of the same debt.
The Advisor, in its sole discretion, may waive, reduce or defer all or any portion of the Debt Financing Fee to which it would otherwise be entitled.
In the case of a Joint Venture, nothing herein shall prohibit the Advisor from receiving a fee from the joint venture partner for debt financing services separate and distinct from the Debt Financing Fee; provided, however, that the Advisor shall have promptly advised the Board of the proposed fee and that the Independent Directors shall have approved the fee.
If the Independent Directors do not authorize the Advisor to accept a separate fee from the joint venture partner, then the Independent Directors may cause the Company to set off any fee paid by the joint venture partner to the Advisor against any Debt Financing Fee due to the Advisor hereunder.
There are no contractual conditions precedent related to the funding of the full amount of the Financing, other than the conditions set forth in the Commitment Letters or any executed Debt Financing Fee Letter.
Notwithstanding anything to the contrary, no Debt Financing Fee shall be payable after the date of this Agreement with respect to funds advanced under the Existing Credit Facility to the extent such financing is obtained based on the amount committed under the Existing Credit Facility as the date of this Agreement.
As of the date of this Agreement, Acquiror has not entered into any Contract or other arrangement relating to the financing of the transactions contemplated by this Agreement, other than as set forth in the Commitment Letters and any executed Debt Financing Fee Letter.
Generally, the Debt Financing Fee payable to the Advisor shall be paid on the last day of such month, or the first business day following the last day of such month.
Debt Financing Fee shall have the meaning ascribed to such term in Section 3.01(d).