Effective Date Fee Letter definition
Examples of Effective Date Fee Letter in a sentence
On or before the date hereof, the Borrowers shall have paid to Agent (i) for the ratable benefit of each Lender signatory hereto, a fee (the “Amendment Fee”) in an amount equal to $762,500, which Amendment Fee shall be deemed fully-earned and non-refundable as of the date hereof, and (ii) the fees due under and to the Persons set forth in the Second Amendment Effective Date Fee Letter.
Agent shall have received duly executed originals of the Fifth Amendment Effective Date Fee Letter.
Borrower shall have (a) paid to PNC Capital Markets, for its sole benefit, the fees described in the Effective Date Fee Letter and complied in all respects with the terms of the Effective Date Fee Letter, and (b) paid all legal fees and expenses of Agent and PNC Capital Markets in connection with the preparation and negotiation of the Loan Documents incurred through the Effective Date.
Borrowers and Innovations, as applicable, shall have (i) paid the Fees required to be paid on the Fifth Amendment Effective Date in the respective amounts specified in Section 1.9 of the Credit Agreement (including the Fees specified in the Fifth Amendment Effective Date Fee Letter), and (ii) reimbursed Agent for all fees, costs and expenses (including, without limitation, reasonable legal fees and expenses) presented as of the Fifth Amendment Effective Date.
Borrower shall pay to the Lenders the fees set forth in the Effective Date Fee Letter.