EARLY TERMINATION FEE shall definition

EARLY TERMINATION FEE shall. (i) mean the fee chargeable to the Borrower by the Agent in the event the Borrower terminates the Revolving Line of Credit or this Financing Agreement on a date prior to the third anniversary of the Closing Date; and (ii) be determined by multiplying the Revolving Line of Credit by (x) one percent (1%) if the Early Termination Date occurs on or before one (1) year from the Closing Date, (y) one-half of one percent (.50%) if the Early Termination Date occurs after one (1) year from the Closing Date but on or before two (2) years from the Closing Date; and (z) one EBITDA shall mean, for any period, Net Income for such period plus, to the extent deducted in determining Net Income for such period, the aggregate amount of Interest Expense and income tax expense for such period, and all depreciation, amortization and other non-cash charges for such period, minus, to the extent included in determining Net Income for such period, the aggregate amount of interest income for such period that has been deferred or has not been paid in cash, all determined in accordance with GAAP on a consistent basis, but excluding (i) the effect of extraordinary or non-reoccurring gains or losses for such period, and (ii) all amounts paid in cash to the Borrower during such period resulting from the unwinding of any Hedging Obligation of the Borrower.
Sample 1
EARLY TERMINATION FEE shall i) mean the fee CITBC is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to January 1, 1999; and ii) be determined by multiplying the average daily loan balance under the Revolving Loan for the period from the date of this Financing Agreement to the Early Termination Date by one and one-half percent (1 1/2%) for the number of days from the Early Termination Date to January 1, 1999."
Sample 1
EARLY TERMINATION FEE shall. (a) mean the fee CITBC is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to an Anniversary Date; and (b) be determined by multiplying the Line of Credit by (x) two percent (2%) if the Early Termination Date occurs on or before April 30, 2003, (y) one percent (1%) if the Early Termination Date occurs after April 30, 2003 but on or before April 30, 2004 and (z) zero percent (0%) if the Early Termination Date occurs after April 30, 2004 but prior to an Anniversary Date."
Sample 1

Examples of EARLY TERMINATION FEE shall in a sentence

  • Merchant agrees that the EARLY TERMINATION FEE shall also be due if Merchant discontinues submitting Transactions for processing during the Initial Term or any Renewal Term of the Agreement.

  • MERCHANT agrees that the EARLY TERMINATION FEE shall also be due to SPC if MERCHANT discontinues submitting VOYAGER SALES for processing during this AGREEMENT TERM.

  • The EARLY TERMINATION FEE shall be equivalent to the greater of (a) $750; or (b) number of whole months remaining in the term hereof at the time of termination multiplied by the amount of FEES paid or payable by the Merchant during the month preceding that during which this AGREEMENT was terminated.


More Definitions of EARLY TERMINATION FEE shall

EARLY TERMINATION FEE shall mean the fee CIT is entitled to charge the Companies or any one of them upon the termination of the Revolving Line of Credit or this Financing Agreement; and (b) be determined by multiplying the Revolving Line of Credit by two percent (2%)."
Sample 1
EARLY TERMINATION FEE shall i) mean the fee the Agent for the account of the Lenders is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to the fifth Anniversary Date; and ii) be determined by calculating the sum of (a) the average daily balance of the Revolving Loans for the period from the date of this Amendment Letter to the Early Termination Date and (b) the average daily undrawn face amount of the Letters of Credit outstanding for the period from the date of this Amendment Letter to the Early Termination Date and multiplying that sum by three tenths of one percent (.30%) per annum for the number of days from the Early Termination Date to the fifth Anniversary Date".
Sample 1
EARLY TERMINATION FEE shall i) mean the fee CITBC is entitled to charge the Company in the event the Company terminates the Line of Credit or this Financing Agreement on a date prior to the fifth Anniversary Date (except as otherwise provided in Section 10 of this Financing Agreement); and ii) be determined by calculating the sum of (a) the average daily balance of the Revolving Loans for the period from the date of this Financing Agreement to the Early Termination Date, (b) the average daily undrawn face amount of the Letters of Credit outstanding from the date of this Financing Agreement to the Early Termination Date and (c) the average daily balance of CAPEX Term Loans for the period from the effective date of the CAPEX Term Loan Line of Credit to the Early Termination Date and multiplying that sum by (i) one percent (1%) per annum if the Early Termination Date occurs prior to the second Anniversary Date; (ii) three-quarters of one percent (3/4 of 1%) per annum if the Early Termination Date occurs on or after the second Anniversary Date but prior to the third Anniversary Date; and (iii) one-half of one percent (1/2 of 1%) per annum if the Early Termination Date occurs on or after the third Anniversary Date but prior to the fifth Anniversary Date, in each case for the number of days from the Early Termination Date to the fifth Anniversary Date."
Sample 1
EARLY TERMINATION FEE shall i) mean the fee the Agent in behalf of the Lenders --------------------- is entitled to charge the Companies in the event they terminate the Line of Credit or this Financing Agreement on a date prior to an Anniversary Date; and ii) be determined by calculating the sum of (x) the average daily loan balance of the Revolving Loans of the Companies plus (y) the average daily balance of outstanding Letters of Credit of the Companies and (z) the average daily balance of the Term Loans and CAPEX Term Loans of the Companies for the period from the date of this Financing Agreement to the Early Termination Date and multiplying that number by the applicable percentage set forth below per annum for the number of days from the Early Termination Date to the next succeeding Anniversary Date:
Sample 1

Related to EARLY TERMINATION FEE shall

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Early Termination Event has the meaning specified in Section 9.2.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Early Termination Charge means, with respect to any 2019-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2019-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2019-B Lease balance over the related 2019-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Reverse Termination Fee shall have the meaning set forth in Section 9.2(b).

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Early Termination Schedule is defined in Section 4.2 of this Agreement.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Accretion Termination Date As defined in the Series Supplement.

  • Lease Termination Date means the last day of the Lease Term.

  • Scheduled Termination Date means July 9, 2021 or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.02.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Agreement Termination Date is defined in Section 7.4.

  • Liquidity Termination Date means the earlier to occur of the following: