Loan Extension Fee definition

Loan Extension Fee. As defined in Section 3.3.
Sample 1
Loan Extension Fee. As defined in Section 3.3. Management Company: HOF Village Newco, LLC, a Delaware limited liability company. Material Adverse Change or material adverse change: Lender reasonably determines that a material adverse change has occurred with respect to: (a) Borrower’s or Guarantor’s financial condition, results of operations, business or prospects; (b) Borrower’s ability to pay the Loan in accordance with the terms thereof, or Guarantor’s ability to perform its obligations under the Guaranty of Payment pursuant to the terms thereof; or (c) the value of the Collateral, or the priority of Xxxxxx’s lien on any Collateral. Initial Maturity Date: September 27, 2024 [24 months from Loan Closing Date] unless accelerated sooner or extended pursuant to the terms hereof.
Sample 1
Loan Extension Fee shall have the meaning set forth in the Facility Fee Letter.
Sample 1

Examples of Loan Extension Fee in a sentence

  • In addition, simultaneous with payment of such Loan Extension Fee, the Borrowers shall pay to the Lender such additional cash amount as shall represent a prepayment of the two (2) quarterly installments of Cash Interest on the then outstanding Principal Amount that are due on the two consecutive Interest Payment Dates immediately following the date of the Extension Notice.

  • On or before the Effective Date, the Borrower shall pay an extension fee in the total amount of $315,000 (the "Term Loan Extension Fee") to the Agent, for the account of the Lenders, ratably in accordance with each such Lender's Pro Rata Share of the Term Loans.

  • In consideration of Lender's agreement to enter into this Amendment and provide Borrower with the accommodations described herein, Borrower shall pay to Lender a fee in the amount of $100,000 (the "Loan Extension Fee").

  • Any Loan Extension Fee shall be neither refundable to Purchaser at Closing nor applicable to the Purchase Price at Closing, and Purchaser agrees to pay any Loan Extension Fee to Seller within one (1) business day after Seller delivers written notice to Purchaser of any required Loan Extension Fee accompanied by evidence of the amount of such Loan Extension Fee.

  • All rights and remedies of Administrative Agent and the other Secured Parties shall continue in full force and effect until Payment in Full of all Obligations (including the Prepayment Premium, the Bridge Loan Fee and the Bridge Loan Extension Fee).

  • For the avoidance of doubt the Authority shall not be prevented from exercising such right again during the Term if the conditions in paragraph 1.13.1 are met.

  • On the Restatement Effective Date, the Existing Term Loan Extension Fee shall be added to the principal balance of the Existing Term Loans for the ratable account of the Existing Term Loan Lenders, and shall be considered a principal obligation outstanding in respect of the Existing Term Loans for all purposes hereunder, including, without limitation, calculation of interest on subsequent Interest Payment Dates.

  • Upon receipt of the Loan Extension Fee, the Lender may send a notice to the Borrower in the form of a text message to the mobile phone number and an email regarding the extension of the Due date, as well as set out the new Due date on the Platform or a Voice Call.

  • Any failure of Purchaser to pay any Loan Extension Fee to Seller shall, notwithstanding the provisions of Section 8.3 of the Agreement, constitute an immediate default by Purchaser entitling Seller to pursue Seller’s rights and remedies set forth in Section 8.2 of the Agreement.

  • Requisites for payment of the Loan Extension Fee and payment of the Agreement (except for the last payment of the Agreement): AS "Swedbank" XX00XXXX0000000000000 AS "Citadele banka" XX00XXXX0000000000000 Important! If the Loan repayment term is extended, indicate in the payment details: Extension, Agreement number, date of conclusion and name and surname of the Borrower! If the Loan is being repaid, indicate in the payment details: The agreement number and the date of conclusion.


More Definitions of Loan Extension Fee

Loan Extension Fee. A fee payable by Borrower to Lender in an amount, at the date and upon the circumstances as follows: (i) an amount equal to one-quarter of one percent (0.25%) of the outstanding principal balance of the Note as of the effective date of the first Loan Extension, and (ii) an additional amount equal to one-quarter of one percent (0.25%) of the outstanding principal balance of the Note on the effective date of the second Loan Extension if the Loan has not been fully paid and satisfied as of such date.
Sample 1
Loan Extension Fee means a fee due under Section 4(b) of the Trilogy Loan Letter Agreement.”
Sample 1

Related to Loan 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.

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

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

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

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

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

  • 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.

  • 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.

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

  • Non-Extending Bank has the meaning set forth in Section 2.09(a) hereof.

  • Non-Extended Facility has the meaning specified in Section 3.5(d).

  • 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.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Term Advance has the meaning specified in Section 2.01(a).

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

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

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

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

  • Revolver Extension Request has the meaning set forth in Section 2.16(b).

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

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Revolver Extension Series has the meaning set forth in Section 2.16(b).

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

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.