Loan Extension Fee definition

Loan Extension Fee shall have the meaning set forth in the Facility Fee Letter.
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Loan Extension Fee. As defined in Section 3.3.
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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.
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Examples of Loan Extension Fee in a sentence

  • 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.

  • If Loan Extension Fee payment is made after the original Due date, the Barrower shall be liable to pay Late Payment Fees.

  • 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.

  • The Maturity Date for payment of the $13,000,000 Final Installment shall be subject to Borrowers right to extend such Maturity Date to May 15, 2006, as permitted in Section 2.05 hereof, after payment of the Loan Extension Fee and subject to Borrowers’ compliance with all applicable terms and conditions set forth therein.

  • Thereafter, the remaining principal balance may be paid in full or if extended, amortized over the next six (6) months after payment of the Loan Extension Fee in the amount of $8,750.

  • If Borrower fails to pay any installment of the Loan Extension Fee when due, the Loan Extension Fee shall increase to $200,000 and the monthly installment payments required above shall be increased so as to effect total payments of $200,000 with respect to the Loan Extension Fee.

  • Requisites for payment of the Loan Extension Fee and payment of the Agreement (except for the last payment of the Agreement): AS "Swedbank" ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ AS "Citadele banka" ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ 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.

  • The sixth full paragraph of the Original Note is deleted and the following is inserted as if originally set forth therein: Loan Extension Fee.

  • Neptune Society shall have delivered a certificate evidencing the Loan Extension Fee Shares to ▇▇▇▇▇▇▇▇▇.


More Definitions of Loan Extension Fee

Loan Extension Fee means a fee due under Section 4(b) of the Trilogy Loan Letter Agreement.”
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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 ▇▇▇▇▇▇’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.
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