Supplemental Loan Fee definition

Supplemental Loan Fee means with respect to any Supplemental Loan effected in accordance with Section 2.02, a fee in the amount which is the greater of (i) 50 basis points multiplied by the Supplemental Loan amount, and (ii) $50,000.
Sample 1Sample 2
Supplemental Loan Fee. A fully earned as of the date hereof, non-refundable annual fee of $75,000.00 due on the earlier to occur of (i) acceleration of the Obligations after an Event of Default hereunder or (ii) December 31, 2003. Collateral Handling Fee: $1,000.00 ($500.00 when not borrowing and Borrower has advised Silicon that it has elected to be on "non-borrowing reporting status" pursuant to Section 6, below) per month, payable in arrears.
Sample 1
Supplemental Loan Fee. A fully earned as of the date hereof, non- refundable annual fee of $37,500.00 due on the earlier to occur of (i) acceleration of the Obligations after an Event of Default hereunder or (ii) June 10, 2004. Collateral Handling Fee: $1,500.00 ($500.00 when not borrowing and Borrower has advised Silicon that it has elected to be on "non-borrowing reporting status" pursuant to Section 6, below) per month, payable in arrears. Notwithstanding the foregoing, if Borrower maintains at least $2,000,000.00 on deposit with Silicon at all times during any month in a separate non-interest bearing account (the "Compensating Balances Account") other than the Borrower's operating account, no Collateral Handling Fee shall be due hereunder, for the prior month. Unused Line Fee: In the event, in any calendar month (or portion thereof at the beginning and end of the term hereof), the average daily principal balance of the Loans outstanding during the month is less than the amount of the Maximum Credit Limit, Borrower shall pay Silicon an unused line fee in an amount equal to 0.25% per annum on the difference between the amount of the Maximum Credit Limit and the average daily principal balance of the Loans outstanding during the month, which unused line fee shall be computed and paid monthly, in arrears, on the first day of the following month. Notwithstanding the foregoing, if Borrower maintains at least $2,000,000.00 on deposit with Silicon at all times in the Compensating Balances Account, no Unused Line Fee shall be due hereunder.
Sample 1

Examples of Supplemental Loan Fee in a sentence

  • In the event of a Supplemental Loan, Borrower shall pay the Supplemental Loan Fee on the date of the closing of such Supplemental Loan.

  • The Revolving Loan Fee and the Supplemental Loan Fee each are considered earned on the date hereof and are not refundable.

Related to Supplemental Loan Fee

  • Supplemental Loan means any loan that is subordinate to the Senior Indebtedness.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Loan Fee shall have the meaning assigned in Section 5.1.

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

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

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

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

  • New Lender Supplement as defined in Section 2.1(c).

  • Closing Date Term Loan Commitment means the commitment of each Lender to make Term Loans on the Closing Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Closing Date Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $1,150,000,000.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Supplemental Servicing Fee means, with respect to any Collection Period, all administrative fees, expenses and charges paid by or on behalf of Obligors, including late fees, prepayment fees and liquidation fees collected on the Receivables during such Collection Period but excluding any fees or expenses related to extensions.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

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

  • Additional Lender Certificate has the meaning assigned to such term in Section 2.06(c)(ii)(F).

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.