End of Term Fee definition

End of Term Fee means an end of term fee equal to 5.0% of the principal amount of the Term Loans and any other loans advanced hereunder.
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End of Term Fee means an end of term fee in an amount equal to the sum of (a) two and one half percent (2.5%) of the principal balance of the Loans (other than any Delayed Draw Term Loans and Third Restatement Delayed Draw Term Loans) and any other Obligations advanced or otherwise owed hereunder (excluding Obligations arising under the Note Purchase Documents), including, without limitation, any fees, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Delayed Draw Term Loans and Third Restatement Delayed Draw Term Loans); (b) ten percent (10%) of the principal balance of all Delayed Draw Term Loans and any other Obligations advanced or otherwise owed hereunder in respect of such Delayed Draw Term Loans, including, without limitation, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Loans and other Obligations described in clauses (a) and (c)); (c) ten percent (10%) of the principal balance of all Third Restatement Delayed Draw Term Loans and any other Obligations advanced or otherwise owed hereunder in respect of such Third Restatement Delayed Draw Term Loans, including, without limitation, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Loans and other Obligations described in clauses (a) and (b)).
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End of Term Fee means an end of term fee equal to two and one half percent (2.5%) of the principal balance of the Loans and any other Obligations advanced or otherwise owed hereunder, including, without limitation, any fees, the capitalized interest and any Applicable Prepayment Premiums.
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Examples of End of Term Fee in a sentence

  • The End of Term Fee and the Applicable Prepayment Premium, if any, shall also be payable in the event the Obligations (and/or this Agreement) are satisfied or released by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or by any other similar means.

  • Any prepayment or repayment, whether voluntary or involuntary, of the Term Loans upon the occurrence of any End of Term Fee Event or Premium Event shall be accompanied by all accrued interest on the principal amount prepaid or repaid, together with the End of Term Fee and/or the Applicable Prepayment Premium, as applicable.

  • Borrowers shall pay Lender the fees, including but not limited to the Structuring Fee, End of Term Fee and Lender Expenses.

  • The parties hereto further acknowledge and agree that neither the End of Term Fee nor the Applicable Prepayment Premium is intended to act as a penalty or to punish the Loan Parties for any such repayment or prepayment.

  • Any cancellation, prepayment or repayment, whether voluntary or involuntary, of the Loans upon the occurrence of any End of Term Fee Event or Prepayment Event shall be accompanied by all accrued interest on the principal amount prepaid or repaid, together with the End of Term Fee and/or the Applicable Prepayment Premium, as applicable.

  • Borrower shall pay the End of Term Fee at the earliest of (i) the date the Term Loan is prepaid, provided however, if the prepayment is for less than the full amount of the Term Loan, the End of Term Fee shall be prorated based on the principal amount of the Term Loan that is prepaid, (ii) the Term Loan Maturity Date, and (iii) the date the Term Loan becomes due and payable, which fee shall be deemed fully earned on the Effective Date notwithstanding its receipt at a different time.

  • The End of Term Fee of $1.6 million is recognized over the life of the term loan as interest expense using the effective interest method.

  • The parties hereto further acknowledge and agree that neither the End of Term Fee nor the Applicable Prepayment Premium is intended to act as a penalty or to punish the Loan Parties for any such repayment, prepayment or cancellation.

  • The Loan Parties confirm that all of the outstanding fees described in the Loan Documents, including the Administration Fee, the End of Term Fee, the Waiver Fee, the Second Restatement Fee, the Third Restatement Fee, the Fourth Restatement Fee, the Fifth Restatement Fee and any other fees however described remain part of the Obligations and shall be due and owing in accordance with their terms.

  • The Loan Parties confirm that all of the outstanding fees described in the Loan Documents, including the Administration Fee, the End of Term Fee, the Waiver Fee, the Second Restatement Fee, the Third Restatement Fee and any other fees however described remain part of the Obligations and shall be due and owing in accordance with their terms.


More Definitions of End of Term Fee

End of Term Fee is Two Million Sixty Two Thousand Five Hundred Dollars ($2,062,500).
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End of Term Fee means $600,000, provided however, if the IPO has not occurred by September 30, 2015, then “End of Term Fee” shall mean $1,000,000.
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End of Term Fee means (a) in the event that the Obligations are paid in full on or prior to the date that is the two-year anniversary of the Closing Date, an end of term fee equal to [●]% of the sum of (i) the aggregate initial drawn principal amount of the Initial Term Loan plus (ii) the aggregate initial drawn principal amount of the Delayed Draw Term Loan plus (iii) the aggregate initial drawn principal amount of any Incremental Term Loans and (b) thereafter, an end of term fee equal to [●]% of the sum of (i) the aggregate initial drawn principal amount of the Initial Term Loan, plus (ii) the aggregate initial drawn principal amount of the Delayed Draw Term Loan plus (iii) the aggregate drawn principal amount of any Incremental Term Loans.
Sample 1
End of Term Fee means an end of term fee in an amount equal to the sum of (a) two and one half percent (2.5%) of the principal balance of the Loans (other than any Delayed Draw Term Loans and Third Restatement Delayed Draw Term Loans) and any other Obligations advanced or otherwise owed hereunder (excluding Obligations arising under the Note Purchase Documents), including, without limitation, any fees, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Delayed Draw Term Loans and Third Restatement Delayed Draw Term Loans);(b) ten percent (10%) of the principal balance of all Delayed Draw Term Loans and any other Obligations advanced or otherwise owed hereunder in respect of such Delayed Draw Term Loans, including, without limitation, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Loans and other Obligations described in clause (a)); and (c) ten percent (10%) of the principal balance of all Third Restatement Delayed Draw Term Loans and any other Obligations advanced or otherwise owed hereunder in respect of such Third Restatement Delayed Draw Term Loans, including, without limitation, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Loans and other Obligations described in clauses (a) and (b)).
Sample 1
End of Term Fee means an end of term fee in an amount equal to the sum of (a) two and one half percent (2.5%) of the principal balance of the Loans (other than any Delayed Draw Term Loans) and any other Obligations advanced or otherwise owed hereunder (excluding Obligations arising under the Note Purchase Documents), including, without limitation, any fees, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Delayed Draw Term Loans) and (b) ten percent (10%) of the principal balance of all Delayed Draw Term Loans and any other Obligations advanced or otherwise owed hereunder in respect of such Delayed Draw Term Loans, including, without limitation, the capitalized interest, original issue discount and any Applicable Prepayment Premiums in respect thereof (but excluding any of the foregoing owed in connection with the Loans and other Obligations described in clause (a)).
Sample 1

Related to End of Term Fee

  • End of Term Extension means the time period defined in §2.D.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.

  • Effective Date of Termination means the date on which a Qualifying Termination occurs, as provided in Section 2.2 herein, which triggers the payment of Severance Benefits hereunder.

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.