Initial Extension Fee definition

Initial Extension Fee has the meaning set forth in Section 2.08(c).
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Initial Extension Fee shall have the meaning assigned in Section 7.03.
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Initial Extension Fee is defined in the Option.
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Examples of Initial Extension Fee in a sentence

  • If the Company exercises the Initial Extension Right, the Initial Extension Fee will be payable to all Noteholders of record on the Record Date specified by the Company in its notice that it is electing to use the Initial Extension Right (which will fall between the date of that notice and the date of the related Event of Default).

  • In the event the Company does not elect to pay the Initial Extension Fee or the Additional Extension Fee upon any such Event of Default in accordance with this paragraph, the Notes will be subject to acceleration as provided in Section 7.02.

  • Optionee shall have the right to extend the Closing Date until 10:00 a.m. (Chicago time) August 15, 1997, by giving written notice thereof to Optionor not later than July 1, 1997 and, concurrently therewith, delivering to Optionor an extension of $100,000 (the "Initial Extension Fee") in immediately available federal funds.

  • Lender and Borrower further agree that the Initial Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Initial Extension Fee tacks back to the date of the Note for Rule 144 purposes.

  • Purchaser has wired or shall wire the Initial Extension Fee (as defined in the Option Agreement) in accordance with the terms of the Option Agreement.

  • Such Initial Extension Fee shall be paid by reducing the amount of the Revolving Loan requested by Borrower and advanced by Lender on the date hereof from $1,600,000.00 to $1,425,000.00; provided, that the aggregate principal amount under the Revolving Loan shall be increased by $1,600,000.00, notwithstanding such reduction, and the full amount of such request shall constitute a draw under the Revolving Loan.

  • The Initial Extension Fee was earned by Lender in consideration for holding itself ready, willing and able to amend the Loan Agreement and the other Documents under the terms and conditions set forth herein and shall be due and payable in full as hereinafter provided.

  • In the event the Company does not elect to pay the Initial Extension Fee or the Additional Extension Fee upon any such Event of Default in accordance with this paragraph, the Notes will be subject to acceleration as provided in Section 5.02 of the Original Indenture.

  • All amounts payable by Borrower hereunder or under the other Documents, including without limitation, the Initial Extension Fee, each Additional Extension Fee, the Over Advance Fee (defined in paragraph 3.4 hereof) ------------- and any accrued interest are payable by Borrower in cash.

  • If the transactions herein provided shall fail to close by reason of Optionee's default under this Agreement, then the Option Fee (and the Initial Extension Fee, if made by Optionee) shall be delivered and/or retained by Optionor as its sole and exclusive remedy hereunder.


More Definitions of Initial Extension Fee

Initial Extension Fee has the meaning set forth in Section 2.08(c). “Initial Lender” has the meaning specified in the recital of parties to this Agreement. “Initial Maturity Date” means December 19, 2024. “Insufficiency” means, with respect to any Plan, the amount, if any, of its unfunded benefit liabilities, as defined in Section 4001(a)(18) of ERISA. “Investment” means (a) any loan or advance to any Person, any purchase or other acquisition of any Equity Interests or Indebtedness or the assets comprising a division or business unit or a substantial part or all of the business of any Person, any capital contribution to any Person or any other direct or indirect investment in any Person, including, without limitation, any acquisition by way of a merger or consolidation and any arrangement pursuant to which the investor incurs Indebtedness of the types referred to in clause (iii) or (iv) of the definition of “Indebtedness” in respect of any Person, and (b) the purchase or other acquisition or lease, as lessee, of any real property. “IRS” means the United States Internal Revenue Service. “Joint Venture” means any joint venture (which may be in the form of a limited liability company, partnership or otherwise) in which the Borrower or any of its Subsidiaries or other entity in which Borrower holds (directly or indirectly) Equity Interests but less than 100% of the Equity Interests. “Joint Venture Assets” means, with respect to any Joint Venture at any time, the assets owned by such Joint Venture at such time. “JV Pro Rata Share” means, with respect to any Subsidiary of a Person (other than a wholly-owned Subsidiary) or any Joint Venture of a Person, the greater of (a) such Person’s relative nominal direct and indirect ownership interest (expressed as a percentage) in such Subsidiary or Joint Venture or (b) such Person’s relative direct and indirect economic interest (calculated as a percentage) in such Subsidiary or Joint Venture, in each case determined in accordance with the applicable provisions of the Organization Documents of such Subsidiary or Joint Venture. “Key Person Event” means any event, transaction or occurrence as a result of which Xxxxxxx Xxxxxxxxx shall for any reason cease to be actively engaged in the day-to-day management of the Borrower and its Subsidiaries in the role such Person serves on the Closing Date, unless an interim or permanent successor acceptable to Required Lenders in their sole discretion is identified and appointed within three (3) months therea...
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Initial Extension Fee. Defined in the Fee Letter.”
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Related to Initial Extension Fee

  • Extension Fee means the fee payable to the Trustee on each occasion the Manager, upon a Participating Dealer’s request, grants the Participation Dealer an extended settlement in respect of a Creation Application or Redemption Application.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

  • Modification Fee means a fee, if any, collected from a Mortgagor by the Master Servicer in connection with a modification of any Mortgage Loan other than a Specially Serviced Mortgage Loan or collected by the Special Servicer in connection with the modification of a Specially Serviced Mortgage Loan.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Extension Term means the time period defined in §2.C.

  • Aggregate extension base means the taxing district's

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

  • Debt service extension base means an amount equal to that

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

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

  • Non-Extending Lender has the meaning specified in Section 2.18(b).

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).