Term Extension Fee definition

Term Extension Fee means, for each Term Extension Option for each date on which a payment is required pursuant to Section 2.5(b), an amount equal to three and three-fourths (3.75) basis points on the aggregate outstanding principal amount of the Term Loans on such date.
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Term Extension Fee has the meaning specified in Section 2.14.
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Term Extension Fee with respect to any Extending Term Lender for any period, an amount calculated at a rate per annum equal to the Extension Fee Rate of the principal amount of Extended Term Loans of such Extending Term Lender outstanding for each day during such period.
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Examples of Term Extension Fee in a sentence

  • Alexion shall have the right to extend the Research Term until the eighth anniversary of the Effective Date, by providing written notice thereof to Xencor and paying to Xencor the Research Term Extension Fee at any time prior to the fifth anniversary of the Effective Date.

  • The Research Term Extension Fee shall be non-refundable and non-creditable.

  • The Research License Term Extension Fee shall be paid as set forth in Section 4.2.

  • GNE shall have the right to extend the Initial Research Term by up to [***] Additional Research Terms by delivery of at least [***] months written notice to Adaptimmune prior to the expiration of the Initial Research Term or first Additional Research Term, as applicable, and payment of the Research Term Extension Fee in accordance with Section 10.2 (Research Term Extension Fee).

  • Celgene may, at its election, extend the Research Term for a two (2) year extension period (to run consecutively after the end of the then-current Research Term) by giving notice to Vividion of such election at least [***] days prior to the expiration of the then-existing Research Term and by paying the Research Term Extension Fee as set forth in Section 6.3.

  • GSK will have the right, in its sole discretion, to extend the Initial Research Term by (a) [***] and (b) GSK thereafter paying Wave the First Research Term Extension Fee within [***] after the date of such notice.

  • The First Research Term Extension Fee and the Second Research Term Extension Fee will be allocated between Wave UK and Wave US in accordance with the Wave Ratio.

  • For the avoidance of doubt, the License Term Extension Fee is an annual fee that shall be due to Incyte for each year that GHI desires to extend the initial three-year License Term.

  • As of the date of the Borrower’s delivery of written notice electing to exercise the Term Extension Option, the Term Extension Fee will have been earned in full and be a bona fide commitment fee intended as reasonable compensation to Term Lenders for their Term Commitments until the Extended Term Maturity Date.

  • Licensee may extend the Exclusivity Term in six (6) month increments by both (a) paying AISystems, prior to the next extension, the Exclusivity Term Extension Fee for each module that was Accepted by Licensee and (b) providing AISystems with notice of its intent to extend the Exclusivity Term and pay the Exclusivity Term Extension Fee at least ninety (90) days in advance of the expiration of the then-current Exclusivity Term.

Related to Term 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.

  • Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension.

  • Patent Term Extension means any term extensions, supplementary protection certificates and equivalents thereof offering Patent protection beyond the initial term with respect to any issued Patents.

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

  • Extension Term means the time period defined in §2.C.

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

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • REO Extension As defined in Section 3.16(a).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

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

  • Extended Term shall have the meaning given such term in Section 2.4.

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

  • Line Extension means the provision of facilities (including, but not limited to, poles, fixtures, wires, and appurtenances) necessary for delivering electrical energy from the point of origin to one or more of the customer's points of delivery. Facilities provided by the Company to maintain, protect, upgrade, or improve its overall distribution system (even if necessary due to a customer's load addition) are not considered part of a line extension.

  • Resolution Extension Period As defined in Section 2.03(b).

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

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

  • End of Term Extension means the time period defined in §2.D.

  • Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.

  • Debt service extension base means an amount equal to that

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • 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.

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

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).