Term Loan Prepayment Fee definition

Term Loan Prepayment Fee means a fee equal to (i) two percent (2.00%) of the principal amount of the Term Loan prepaid if the prepayment is on or prior to the first anniversary of the Third Amendment Effective Date and (ii) one percent (1.00%) of the principal amount of the Term Loan prepaid if the prepayment is after the first anniversary of the Third Amendment Effective Date but on or prior to the second anniversary of the Third Amendment Effective Date.

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Term Loan Prepayment Fee shall have the meaning set forth in the Fee Letter.

Term Loan Prepayment Fee means a fee equal to (i) two percent (2.00%) of the principal amount of the Term Loan prepaid if the prepayment is on or prior to the first anniversary of the First Amendment Effective Date and (ii) one percent (1.00%) of the principal amount of the Term Loan prepaid if the prepayment is after the first anniversary of the First Amendment Effective Date but on or prior to the second anniversary of the First Amendment Effective Date.

Examples of Term Loan Prepayment Fee in a sentence

If the Term Loan is accelerated following the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (a) all outstanding principal with respect to the Term Loan, plus accrued and unpaid interest thereon, (b) the Term Loan Prepayment Fee, and (c) all other sums, including Bank Expenses, if any, that shall have become due and payable hereunder in connection with the Term Loan.
All parties to this Agreement agree and acknowledge that the Term Lenders will have suffered damages on account of the early termination of this Agreement or prepayment of any portion of the Term Loan and that, in view of the difficulty in ascertaining the amount of such damages, the Term Loan Prepayment Fee constitutes reasonable compensation and liquidated damages to compensate the Term Lenders on account thereof.
If such notice is given by the Lead Borrower, the Borrowers shall make such prepayment, together with the Term Loan Prepayment Fee (if applicable), and the payment amount specified in such notice shall be due and payable on the date specified therein.
Subject to Section 2.16, each such prepayment shall be applied to the Term Loans of the Lenders in accordance with their respective Applicable Percentages and the amount of any such Term Loan Prepayment Fee shall be distributed to the lenders in accordance with their respective Applicable Percentages.
On the Term Loan Maturity Date (or, if earlier, upon acceleration of the Obligations in accordance with the terms of this Agreement), the entire unpaid principal balance of the Term Loan, plus all other Obligations relating to the Term Loan (including accrued and unpaid interest thereon, and, if applicable, the Term Loan Prepayment Fee) shall be due and payable.

More Definitions of Term Loan Prepayment Fee

Term Loan Prepayment Fee is defined in Clause 2.3(c)(iii).

Term Loan Prepayment Fee means (a) for the period from the Closing Date through the first anniversary of the Closing Date, an amount equal to five percent (5%) of the principal amount to be prepaid, (b) for the period from the second anniversary of the Closing Date through the third anniversary of the Closing Date, an amount equal to three percent (3%) of the principal amount to be prepaid, and (c) for the period from the third anniversary of the Closing Date through the fourth anniversary of the Closing Date, an amount equal to one percent (1%) of the principal amount to be prepaid; provided, however, that, notwithstanding the foregoing, the Term Loan Prepayment Fee with respect to a prepayment of the Term Loan pursuant to Section 2.8(b) or subdivision (vi) of Section 5.12(f) hereof, shall be an amount equal to one percent (1%) of the principal amount to be prepaid.

Term Loan Prepayment Fee means (a) from the Closing Date through and including the first anniversary of the Closing Date, (i) the greater of Yield Revenue and (ii) 3.00% of the principal amount of the Loans to be prepaid, (b) following the first anniversary of the Closing Date through and including the second anniversary of the Closing Date, 2.00% of the principal amount of the Loans to be prepaid and (c) following the second anniversary of the Closing Date through and including the third anniversary of the Closing Date, 1.00% of the principal amount of the Loans to be prepaid.

Term Loan Prepayment Fee has the meaning set forth in Section 4.2(c) hereof.

Term Loan Prepayment Fee means a fee due upon prepayment (whether voluntary or otherwise) of the Term Loan equal to (i) two percent (2.00%) of the outstanding principal balance of the Term Loan if such prepayment occurs prior to the second anniversary of the Funding Date thereof, and (ii) one percent (1.00%) of the outstanding principal balance of the Term Loan if such prepayment occurs on the second anniversary of the Funding Date or at any time thereafter.

Term Loan Prepayment Fee is defined in Section 2.1.2(c)(ii).

Term Loan Prepayment Fee shall be an additional fee payable to the Collateral Agent, for the benefit of each Lender according to each Lender’s pro rata share of the Term Loan Commitment (based upon the respective Term Loan Commitment Percentage of each Lender) in amount equal to: