Examples of Final Payment Fee in a sentence
This shall include, at Bank’s option, all principal outstanding, all accrued and unpaid interest, all attorneys’ and professional fees and costs, court costs and expenses, and all other sums, if any, that shall have become due and payable with respect to this Loan Agreement including the Final Payment Fee together with any Make Whole Premium-C.
On the earlier of the Term Loan Maturity Date, the prepayment of all Credit Extensions, or the date the Obligations become due and payable, a Final Payment Fee equal to (i) One Hundred Fifty Thousand Dollars ($150,000) plus (ii) an additional amount equal to 1.00% of the aggregate amount of Term Loan Tranche 2 Advances made during the term of this Agreement.
On the date upon which the outstanding principal amount of any Term Loan is repaid in full, or if earlier, is required to be repaid in full (whether by scheduled payment, voluntary prepayment, acceleration of the Obligations pursuant to Section 8.2 or otherwise), Borrower shall pay to Agent, for the ratable accounts of Lenders, a fee equal to 3.00% of the original principal amount of such Term Loan (the “Final Payment Fee”), which Final Payment Fee shall be deemed to be fully-earned on the Closing Date.
Borrowers’ obligation to pay the Final Payment Fee shall survive any termination of this Agreement.
Such Final Payment Fee is in lieu of and replaces any other “final payment fee” described in any prior loan modification agreement or in any other Loan Document.
Concurrently with Borrower’s final payment of a Term Loan C Advance and not later than the Term Loan C Maturity Date, Borrower shall pay to Bank a Final Payment Fee - C (“Final Payment Fee-C”), with respect to such Term Loan C Advance, in an amount equal to three percent (3.00%) of the aggregate amount of the Term Loan C Advance.
No Defaulting Lender shall be entitled to receive any fee (including any Non-Utilization Fee or Final Payment Fee) with respect to such Defaulting Lender’s Commitment; and (iii) the utilization of Commitments as of any date of determination shall be calculated as if such Defaulting Lender had funded all portions of the Advances of such Defaulting Lender.
Concurrently with Borrower’s final payment of a Term Loan B Advance and not later than the Term Loan B Maturity Date, Borrower shall pay to Bank a Final Payment Fee - B (“Final Payment Fee-B”), with respect to such Term Loan B Advance, in an amount equal to three percent (3.00%) of the aggregate amount of the Term Loan B Advance.
Borrower shall pay the entire unpaid principal of Advances and accrued and unpaid interest thereon, and all other unpaid Obligations arising under the Term Loan, on the Maturity Date, including the Final Payment Fee, the Success Fee, the Restructuring Fee, the Exit Fee and the Amendment Fee.
Each Final Payment Fee shall be deemed to be fully-earned on the Closing Date.