Duration Fee Payment Date definition

Duration Fee Payment Date. (a) the last day of each June and December, beginning on June 30, 2024 and (b) the date that the Term Loans are repaid in full.

Duration Fee Payment Date has the meaning set forth in Section 2.08(b).

Duration Fee Payment Date means each day (or if such day is not a Business Day, the next succeeding Business Day) listed under the heading “Duration Fee Payment Date” on Annex I hereto.

Examples of Duration Fee Payment Date in a sentence

• The Duration Fee, if any, shall be due and payable on the Duration Fee Payment Date.

• The Borrower shall pay to the Agent for the account of each Lender a duration fee in an amount equal to 0.25% of the then outstanding principal amount of the Loans if (i) the Effective Date has occurred and (ii) the Loans are still outstanding on the date that is ninety (90) days after the Effective Date (the “Duration Fee Payment Date”), payable on the Duration Fee Payment Date.

• Interest income on impaired loans of $429,512, $258,241 and $249,676 was recognized for cash payments received in 1998, 1997 and 1996, respectively.

• The refunding or replacement of the article shall take place as soon as possible and in all cases within 30 days from the date on which we send you an email confirming the that refund or replacement of the product is going ahead.The amounts paid for any products returned due to any damage or defect, where applicable, will be reimbursed in full, including delivery charges incurred as a result of sending the article to you.

• On each Duration Fee Payment Date, the Borrowers shall pay to the Administrative Agent for the account of each Lender a duration fee equal to the aggregate principal amount of the Loans of such Lender outstanding on such Duration Fee Payment Date times the Applicable Duration Fee Rate in effect on such Duration Fee Payment Date.

• On each Duration Fee Payment Date, the Borrower shall pay to the Administrative Agent for the account of each Lender according to its Ratable Share, a nonrefundable duration fee (a “Duration Fee”) equal to 1.00% times the sum (a) of such Xxxxxx’s Revolving Credit Commitments as of such Duration Fee Payment Date plus (b) the outstanding principal amount of such Xxxxxx’s 2023 Term Loan as of such Duration Fee Payment Date.

More Definitions of Duration Fee Payment Date

Duration Fee Payment Date means each date listed under the heading “Duration Fee Payment Date” on Annex I hereto.

Duration Fee Payment Date means each of (i) the date that is 90 days after the Funding Date, (ii) the date that is 180 days after the Funding Date and (iii) the date that is 270 days after the Funding Date; provided that if any such date shall not be a Business Day, then such Duration Fee Payment Date shall be the immediately preceding Business Day.