Takeout Transaction Fee definition
Takeout Transaction Fee means, with respect to the mandatory prepayment of Advances pursuant to Section 2.8(B) in connection with a Takeout Transaction, an amount equal to three percent (3.00%) of the aggregate principal amount of the Advances being prepaid; provided that to the extent BPPR (or one of its Affiliates) acts as a co-manager in connection with any financing arrangement or securitization relating to such Takeout Transaction (or was offered a reasonable opportunity to participate as a co-manager in such financing arrangement or securitization on terms no less favorable than terms offered to other co-managers and declined to so participate), no Takeout Transaction Fee shall be due or payable by the Borrower with respect to such prepayment pursuant to Section 2.8(B).
Takeout Transaction Fee means, with respect to the mandatory prepayment of Advances pursuant to Section 2.8(B) in connection with a Takeout Transaction, an amount equal to one percent (1.00%) of the aggregate principal amount of the Advances being prepaid.
Examples of Takeout Transaction Fee in a sentence
To the extent applicable, each such prepayment shall be accompanied by the Takeout Transaction Fee, if any.