Duration Fees definition
Duration Fees has the meaning assigned to such term in Section 2.5(b).
Duration Fees as defined in Section 2.8(b).
Duration Fees has the meaning assigned thereto in Section 4.3(a).
Examples of Duration Fees in a sentence
That Defaulting Lender shall be entitled to receive any Duration Fees for any period during which that Lender is a Defaulting Lender only to the extent of the Advances funded by it.
The amount of the Duration Fees shall be subject to Section 4.15(a)(iii), and shall be payable on the six-month anniversary of the Closing Date and the twelve-month anniversary of the Closing Date, as applicable.
The Duration Fees shall be distributed by the Administrative Agent to the Lenders pro rata in accordance with the Lenders’ respective Term Loan Percentages.
Such Duration Fees will be in all respects fully earned, due and payable on such date and non-refundable and non-creditable thereafter.
All fees payable hereunder shall be paid on the dates due, in U.S. Dollars, in immediately available funds, to the Administrative Agent for distribution, in the case of Commitment Fees and Duration Fees, to the Lenders.
More Definitions of Duration Fees
Duration Fees. The Borrower shall pay, or cause to be paid, duration fees (the “Duration Fees”) for the account of each Lender in amounts equal to the percentage as determined in accordance with the grid below, of the principal amount of the Loan of such Lender outstanding at the close of business, New York City time, on each date set forth in the grid below, payable on each such date: Default Rate: At any time upon the occurrence and during the continuation of any payment default, all overdue amounts under the Facility shall bear interest at a rate per annum equal to (i) in the case of principal of any Loan, 2.00% above the rate otherwise applicable thereto or (ii) in the case of any other amount, 2.00% above the rate applicable to ABR Loans, with such interest being payable on demand. Rate and Fee Basis: All per annum rates shall be calculated on the basis of a year of 360 days (or 365/366 days, in the case of ABR Loans the interest rate payable on which is then based on the Prime Rate) for actual days elapsed. Borrower’s Senior Debt Rating (S&P/▇▇▇▇▇’▇) Applicable Margin Rating Level 1: ³ A / A2 0.0 bps 100.0 bps 25.0 bps 125.0 bps 50.0 bps 150.0 bps 75.0 bps 175.0 bps Rating Level 2: A- / A3 25.0 bps 125.0 bps 50.0 bps 150.0 bps 75.0 bps 175.0 bps 100.0 bps 200.0 bps Rating Level 3: BBB+ / Baa1 37.5 bps 137.5 bps 62.5 bps 162.5 bps 87.5 bps 187.5 bps 112.5 bps 212.5 bps Rating Level 4: BBB / Baa2 50.0 bps 150.0 bps 75.0 bps 175.0 bps 100.0 bps 200.0 bps 125.0 bps 225.0 bps Rating Level 5: £ BBB- / Baa3 87.5 bps 187.5 bps 112.5 bps 212.5 bps 137.5 bps 237.5 bps 162.5 bps 262.5 bps
Duration Fees as defined in Section 3.11(b).
Duration Fees. The Borrower shall pay each Lender duration fees (the “Duration Fees”) for the account of each Lender in amounts equal to the percentage as determined in accordance with the grid below, of the principal amount of the Loan of such Lender outstanding at the close of business, New York City time, on each date set forth in the grid below, payable on each such date: 90 days after Closing Date 180 days after Closing Date 270 days after Closing Date 50 basis points 75 basis points 100 basis points 100 bps 200 bps 125 bps 225 bps 150 bps 250 bps 175 bps 275 bps The availability and initial funding on the Closing Date of the Bridge Facility shall be subject solely to the satisfaction or waiver (by all Commitment Parties) of the following conditions (subject to the Funding Conditions Provisions):
Duration Fees has the meaning set forth in Section 2.09(b). “Early Opt-in Election” means the occurrence of:
Duration Fees has the meaning specified in Section 2.04. *** = Portions of this exhibit have been omitted pursuant to a request for confidential treatment. An unredacted version of this exhibit has been filed separately with the Commission.
Duration Fees. The Borrowers will pay non-refundable fees (the “Duration Fees”), for the ratable benefit of the Lenders, in an amount equal to: (i) 0.50% of the aggregate principal amount of the loans and commitments under the Bridge Facility outstanding on the date which is 90 days after the Closing Date, due and payable in cash on such 90th day (or if such day is not a business day, the next business day); (ii) 0.75% of the aggregate principal amount of the loans and commitments under the Bridge Facility outstanding on the date which is 180 days after the Closing Date, due and payable in cash on such 180th day (or if such day is not a business day, the next business day); and (iii) 1.00% of the aggregate principal amount of the loans and commitments under the Bridge Facility outstanding on the date which is 270 days after the Closing Date, due and payable in cash on such 270th day (or if such day is not a business day, the next business day).
Duration Fees. Duration Fees in amounts equal to the percentage, as determined in accordance with the grid below, of the principal amount of the Bridge Loan of each Lender outstanding at the close of business, New York City time, on each date set forth in the grid below, payable to the Lenders on each such date: 90 days after the Closing Date 180 days after the Closing Date 270 days after the Closing Date