Default Premium definition

Default Premium means 125%.

Default Premium has the meaning set forth in Section 2.9.1(a)(iv).

Default Premium has the meaning set forth in Section 3.2(f)(i).

Examples of Default Premium in a sentence

• If following an Event of Default, payment of all or any part of the Debt is tendered by Borrower or otherwise recovered by Lender, such tender or recovery shall be (a) made on the next occurring Payment Date together with the Monthly Debt Service Payment and (b) deemed a voluntary prepayment by Borrower in violation of the prohibition against prepayment set forth in Section 2.4.1 hereof and Borrower shall pay, in addition to the Debt, an amount equal to the Yield Maintenance Default Premium.

• Accordingly, any fees, charges, and interest due under this Note, including without limitation the Prepayment Premium and the Default Premium, are intended by the parties to be, and shall be deemed, a reasonable estimate of the Holder’s actual loss of its investment opportunity and not a penalty.

• If the Holder has submitted to Company a Fundamental Transaction Redemption Notice in accordance with Section 5.2, then the Company shall pay to Holder in cash an amount equal to the Fundamental Transaction Redemption Amount multiplied by the Default Premium (the “Fundamental Transaction Redemption Price”) on the earlier of (i) the closing of such Fundamental Transaction, and (ii) ten (10) Trading Days after the Company’s receipt of such notice.

• The remedies, including without limitation the Default Premium, Prepayment Premium, and all other charges, fees, and collection costs provided for in this Note, shall be cumulative and in addition to all other remedies available under this Note and any of the other Transaction Documents.

• Accordingly, any Default Premium due under this Section 4(b) is intended by the parties to be, and shall be deemed, a reasonable estimate of the Holder’s actual loss of its investment opportunity and not as a penalty.

More Definitions of Default Premium

Default Premium means an amount equal to fifteen percent (15.00%) of the outstanding principal balance of the Term Loans.

Default Premium means an amount equal to the greater of (x) 20% of the principal amount of this Note, or (y) the excess over the principal amount of this Note of the product of (A) the VWAP on the Trading Day immediately preceding the date of acceleration, payment or prepayment of this Note (as applicable) multiplied by (B) the number of shares of Common Stock issuable upon conversion of this Note as of such date.

Default Premium has the meaning specified in Section 7.01.

Default Premium has the meaning specified in Section 2.06(b).

Default Premium means, for any Yield Period, or portion thereof, during which an Event of Default was continuing, the excess of (i) the interest on the Outstanding Principal that accrued at the Alternate Base Rate in effect from time to time plus 2% per annum during such Yield Period, or portion thereof, over (ii) the interest that would have accrued on the Outstanding Principal during such Yield Period, or portion thereof, at the Interest Rate (without giving effect to clause (B) of the definition thereof).

Default Premium means, for any day when any Event of Default has occurred and is Continuing, additional interest on the face amount of all outstanding Priority Notes calculated at the rate of 2% per annum.

Default Premium means an amount equal to fifteen percent (15.00%) of the outstanding principal balance of the Term Loan. “Default Rate” has the meaning set forth in Section 2.3(b).