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

• Borrower shall pay Lender a fee in the amount of $10,000 (“Default Fee”), the Revolving Line Facility Fee of $35,000, the Term Loan Facility Fee of $14,000, and the Due Diligence Fee of $600, plus all out-of-pocket expenses.

• The effectiveness of this Business Financing Modification Agreement is conditioned upon payment of the Default Fee, Revolving Line Facility Fee, Term Loan Facility Fee, and Due Diligence Fee.

• Borrower shall pay the Term Loan Facility Fee to Lender promptly upon the execution of this Agreement and annually thereafter.

• 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.

More Definitions of Term Loan Facility Fee

Term Loan Facility Fee is defined in Section 2.4.

Term Loan Facility Fee. As defined in Section 2.09.

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

Term Loan Facility Fee means a payment of a fee equal to Two Thousand Dollars ($2,000) due upon the Closing Date.

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

Term Loan Facility Fee has the meaning assigned to such term in Section 2.12(d).

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