Fee Termination Date definition
Examples of Fee Termination Date in a sentence
The Commitment Fee accrued to each Revolving Lender shall equal the Commitment Fee Percentage multiplied by such Lender’s Commitment Fee Average Daily Amount (as defined below) for the applicable quarter (or shorter period commencing on the date of this Agreement and ending with such Lender’s Commitment Fee Termination Date).
The Commitment Fee shall be payable by the Borrower to the Facility Agent for the account of each Lender six-monthly in arrears, with the first such payment (the “First Commitment Fee Payment”) to be made on the day falling six months following the Effective Date and the final such payment to be made on the Commitment Fee Termination Date (each date on which a Commitment Fee payment is required to be made in accordance with this Section 3.4.1 referred to herein as a “Commitment Fee Payment Date”).
The Commitment Fee accrued to each Revolving Lender shall equal 0.50% per annum multiplied by such Lender’s Commitment Fee Average Daily Amount (as defined below) for the applicable quarter (or shorter period commencing on the date of this Agreement and ending with such Lender’s Commitment Fee Termination Date).
The Commitment Fee due to each Revolving Lender shall commence to accrue for a period commencing on the Effective Date and shall cease to accrue on the date (the "Commitment Fee Termination Date") that is the later of (i) the date on which the Revolving Credit Commitment of such Revolving Lender shall be terminated as provided herein and (ii) the first date after the end of the Revolving Credit Commitment Period.
Until the Fee Termination Date, the Company shall pay a Financing Coordination Fee to the Advisor or its assignees in connection with the financing of any Investment, assumption of any Loans with respect to any Investment or refinancing of any Loan in an amount equal to 0.75% of the amount made available and/or outstanding under any such Loan, including any assumed Loan.
Such ticking fee shall be due and payable to the Administrative Agent, for the account of each Term Loan Lender in accordance with its Applicable Percentage, on the Ticking Fee Termination Date, subject to adjustment as provided in Section 2.16.
If, at the time of distribution of the Management Fee Funds described herein, the amount in the Management Fee Account is insufficient to equal eighteen percent (18%) of the total Management Fee earned from September 15, 2003 to the Fee Termination Date due to administrative costs and expenses payable in respect of the Management Fee Account, then PESA and EPCA shall share ratably such shortfall.
Following the Fee Termination Date, no fees shall accrue pursuant to Sections 10(a) through 10(d) above.
The Commitment Fee accrued to each Revolving Lender shall equal the Commitment Fee Percentage multiplied by such Lender's Commitment Fee Average Daily Amount (as defined below) for the applicable quarter (or shorter period commencing on the Effective Date and ending with such Lender's Commitment Fee Termination Date).
Until the Fee Termination Date, the Company shall pay a Financing Coordination Fee to the Advisor and its Affiliates for services provided in connection with the origination or refinancing of Mortgages the Company obtains, the proceeds of which are used to acquire Assets, or that are assumed directly or indirectly, in connection with the acquisition of Assets, in an amount equal to 0.75% of the amount made available and/or outstanding under any such Mortgage, including any assumed Mortgage.