Repayment Fee definition

Repayment Fee has the meaning set forth in Section 2.03(e).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Repayment Fee means the repayment fee set out on the FundingKnight website.

Repayment Fee shall have the meaning assigned thereto in the Side Letter.

Examples of Repayment Fee in a sentence

• If you pay the unpaid balance in full before the final payment is due or if the loan is repaid early due to the lender’s enforcement action taken after you default (prepayment), you will have to pay our Early Repayment Fee to compensate us for the administrative costs relating to the prepayment Our complaints procedure may be initiated by telephone, email, via our website or in writing using the contact details specified above.

• The payment of (or the obligation to pay) the Repayment Fee does not reduce or modify any other fees or expenses owed to the Administrative Agent or any other Secured Parties, for its or their own account, pursuant to any other fee arrangement or any other Loan Document and shall be in addition to, and not creditable against, any other fee, cost or expense payable under this Agreement or any other Loan Document.

• We will not charge you an Early Repayment Fee if you make a partial prepayment to the loan.

• Directors need not be residents of the State of Utah or shareholders of the corporation.

• Notwithstanding any other provision of this Agreement, the Lender may demand repayment by the Borrowers of all or any part of their respective Advances (together with the Allocable Arrangement and Commitment Fee and the Repayment Fee) in the amount of the Lender’s first demand for such repayment.

More Definitions of Repayment Fee

Repayment Fee means, for each Borrower, $1,708,414 multiplied by the Pro-Rated Percentage.

Repayment Fee means the repayment fee set out on the Arranger’s website.

Repayment Fee as defined in Section 2.12(g).

Repayment Fee. Section 4.2.

Repayment Fee means 3.50% times the outstanding principal balance of the Term Loan to be prepaid on such date (or if the Term Loan is being prepaid in full, the outstanding principal balance of the Term Loan on the date immediately prior to the date of determination).

Repayment Fee has the meaning assigned to such term in Section 3.06(g).

Repayment Fee means the fee payable by the Participating Lenders to PledgeMe of 1% of all Contributions that are repaid under a Loan, including Scheduled Repayments, Voluntary Repayments and late repayments.