Term Loan Facility Fee definition

Term Loan Facility Fee means a payment of an annual fee equal to (i) $17,500 due upon the date of this Agreement and (ii) 0.50 percentage points of the principal balance remaining under the Term Loan due on each anniversary thereof.

Term Loan Facility Fee is hereby amended as follows:

Term Loan Facility Fee means the Term Loan facility fee payable by the Co-Borrowers to the Bank pursuant to Section 4.06 hereof.

Examples of Term Loan Facility Fee in a sentence

• Borrowers shall pay the Facility Fee to Lender on the Fifth Modification Date and annually thereafter.” iv)Section 2.2(c) of the Business Financing Agreement hereby is amended and restated in its entirety and replaced with the following: “(c) Term Loan Facility Fee.

• Borrower may, subject to the other provisions hereof, cancel the Subsequent Term Loan Facility at any time prior to June 30, 2015 (so long as it has paid the Subsequent Term Loan Facility Fee) or upon the issuance by Parent of Common Stock or other equity securities in an aggregate amount of Twenty Million Dollars ($20,000,000).

• For purposes of clarity, in the event that the Borrower does not receive any Subsequent Term Loan Advances prior to June 30, 2015 and so long as it has paid the Subsequent Term Loan Facility Fee, the Borrower may cancel the Subsequent Term Loan Facility prior to June 30, 2015 without paying the June 30 Subsequent Term Loan Facility Fee.

• The effectiveness of this Business Financing Modification Agreement is conditioned upon (i) payment by Borrowers of the Facility Fee, Term Loan Facility Fee and Due Diligence Fee, (ii) payment by Borrowers of all legal fees and expenses in connection with this Business Financing Modification Agreement, and (iii) delivery by each Borrower of updated Corporate Resolutions to Borrow.

• Borrower shall pay to Collateral Agent: (a) Term Loan Facility Fee.

More Definitions of Term Loan Facility Fee

Term Loan Facility Fee is defined in Section 2.4 of this Agreement.

Term Loan Facility Fee is defined in Section 2.4 of this Agreement. “Term Loan Maturity Date” is the Payment Date of the month that is the thirty-fifth (35th) month after the month in which the Term Loan Amortization Date occurs. “Total Liabilities” is on any day, obligations that should, under GAAP, be classified as liabilities on Parent’s and its Subsidiaries’ consolidated balance sheets, including all Indebtedness. “Trademarks” means any trademark and servicemark rights, whether registered or not, applications to register and registrations of the same and like protections, and the entire goodwill of the business of Borrower connected with and symbolized by such trademarks. “Transfer” is defined in Section 7.1 of this Agreement. “United Kingdom” and “UK” means the United Kingdom of Great Britain and Northern Ireland. “Unused Line Fee” is defined in Section 2.6 of this Agreement. “Warrant” is, that certain Warrant to Purchase Stock dated October 14, 2010 by and between Parent and Bank, as amended, modified or restated from time to time. “Working Capital Facility Fee” is defined in Section 2.4 of this Agreement. [Signature page follows.] 35

Term Loan Facility Fee means a fee equal to $135,000 due upon the date of this Agreement. “Term Loan Maturity Date” means June 10, 2019.

Term Loan Facility Fee means a payment of a fee equal to $5,946 due upon the Fifth Modification Date. “Term Loan Maturity Date” means September 10, 2017. “Term Loan Rate” means a per annum rate equal to (i) at all times when Borrowers’ Debt Service Coverage Ratio for the prior month was greater than 2.00 to 1.00, the Prime Rate plus 1.00% or (ii) at all times when Borrowers’ Debt Service Coverage Ratio for the prior month was less or equal to 2.00 to 1.00, the Prime Rate plus 2.00%, plus an additional 5.00% during any period that an Event of Default has occurred and is continuing. Changes to the Term Loan Rate shall be effective of the first Business Day of each month based on the Borrowers’ Debt Service Coverage Ratio for the immediately preceding month, as determined by Lender in its sole discretion. v) The following terms and their respective definitions set forth in Section 12.1 of the Business Financing Agreement hereby are deleted in their entirety: “EBITDA”, “Term Loan Draw Period”, “Term Loan Draw Period A”, “Term Loan Draw Period B”, “Term Loan Draw Period C”, “Term Loan Draw Period D”. 5.CONSISTENT CHANGES. The Existing Documents are each hereby amended wherever necessary to reflect the changes described above. 0.

Term Loan Facility Fee means a fee equal to $135,000 due upon the date of this Agreement.

Term Loan Facility Fee. As defined in Section 2.09.

Term Loan Facility Fee is a fee due on the Effective Date equal to one and twenty-five hundredths percent (1.25%) of the total funded Term A-1 Loan; an additional one and twenty-five hundredths percent (1.25%) of the total funded Term A-2 Loan, if and when funded; and an additional one and twenty-five hundredths percent (1.25%) of the total funded Term B Loan, if and when funded; in each case, payable to Collateral Agent for the ratable benefit of the Lenders according to their Term Loan Commitments.