Term Loan Prepayment Premium definition
Term Loan Prepayment Premium is an additional fee payable to Agent, for the ratable benefit of the Lenders with a Term Loan Commitment, in an amount equal to:
Term Loan Prepayment Premium has the meaning specified in Section 2.15(f).
Term Loan Prepayment Premium shall be an additional fee payable to Bank in an amount equal to:
Examples of Term Loan Prepayment Premium in a sentence
The Term Loan Prepayment Premium shall also be payable in the event the Term Loans are satisfied or released by foreclosure (whether by power of judicial proceeding or otherwise) or deed in lieu of foreclosure.
Each Loan Party expressly acknowledges that its agreement to pay the Term Loan Prepayment Premium to the Term Lenders as herein described is a material inducement for the Term Lenders to provide the Term Commitment and provide the Term Loans.
Any Term Loan Prepayment Premium payable in accordance with the immediately preceding sentence shall be presumed to be the liquidated damages sustained by each Term Lender as the result of the early termination and the Loan Parties agree that it is reasonable under the circumstances currently existing.
The Term Loan Prepayment Premium when due hereunder; “CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”.
Agent shall provide Borrower written notice of deductions made from the Designated Deposit Account pursuant to the terms of the clauses of this Section 2.4. The Term Loan Final Payment, the Term Loan Prepayment Premium, the Unused Revolving Line Fee and the Collateral Monitoring Fee are hereinafter collectively referred to as the “Loan Fees”.
More Definitions of Term Loan Prepayment Premium
Term Loan Prepayment Premium shall be an additional fee payable to Agent, for the ratable benefit of the Term Loan Lenders in amount equal to one-half of one percent (0.50%) of the principal amount of the Term Loan being repaid. Notwithstanding any provision of this Agreement to the contrary, there shall be no Term Loan Prepayment Premium in the event the Term Loan is prepaid during the ninety (90) day period ending on the Term Loan Maturity Date.
Term Loan Prepayment Premium shall be, with respect any prepayment of a Term Loan Advance (including upon acceleration of the Term Loan Maturity Date pursuant to Section 6.9) (a) on or prior to the first (1st) anniversary of the Funding Date of such Term Loan Advance, an additional fee payable to Bank in an amount equal to three percent (3.0%) of the amount of such Term Loan Advance outstanding before giving effect to such prepayment, (b) after the first (1st) anniversary of the Funding Date of such Term Loan Advance but on or prior to the second (2nd) anniversary of the Funding Date of such Term Loan Advance, an additional fee payable to Bank in an amount equal to two percent (2.0%) of the amount of such Term Loan Advance outstanding before giving effect to such prepayment and (c) after the second (2nd) anniversary of the Funding Date of such Term Loan Advance, an additional fee payable to Bank in an amount equal to one percent (1.0%) of the amount of such Term Loan Advance outstanding before giving effect to such prepayment. Notwithstanding the foregoing, Bank agrees to waive the Term Loan Prepayment Premium if the Term Loan Advance is prepaid in full in accordance with Section 2.3(d) in connection and simultaneously with the refinancing of the Term Loan Advance by Bank in Bank’s sole and absolute discretion.
Term Loan Prepayment Premium means, with respect to the voluntary ---------------------------- prepayment of the Term Loans prior to the second anniversary of the Closing Date, an amount equal to the product of (a) an interest factor equal to the excess of the rate of interest applicable to the Term Loans pursuant to Section 3.1 hereof on the date of such prepayment over the LIBOR Rate on the date of such prepayment, multiplied by (b) the principal amount so prepaid, multiplied by (c) a fraction, the numerator of which is the number of days in the period from and including the date of such prepayment to but not including the second anniversary of the Closing Date and the denominator of which is 360.
Term Loan Prepayment Premium means a fee payable to each Term Lender if the Borrower repays the Term Loan of such Term Lender after the Conversion Date (in the event that the Conversion Date shall occur) and prior to the second anniversary of the Closing Date; [provided that no Term Loan Prepayment Premium shall be payable as a result of any mandatory prepayment]. Such fee shall be payable on the date of such prepayment and be in an amount equal to:
Term Loan Prepayment Premium shall be an additional fee payable to Bank in an amount equal to (a) for a prepayment of the Term Loan Advance made on or prior to the first (1st) anniversary of the Funding Date of the Term Loan Advance, two percent (2.0%) of the amount prepaid and (b) for a prepayment of the Term Loan Advance made after the first (1st) anniversary of the Funding Date of the Term Loan Advance but on or prior to the second (2nd) anniversary of the Funding Date of the Term Loan Advance, one percent (1.0%) of the amount prepaid and (iii) after the second (2nd) anniversary of the Funding Date of the Term Loan Advance, one-half of one percent (0.50%) of the amount prepaid.
Term Loan Prepayment Premium means (x) in all cases other than as covered in clause (y) below, (i) for the period commencing on the Initial Borrowing Date and ending on the first anniversary of the Initial Borrowing Date, an amount equal to 2% of the aggregate principal amount of the applicable prepayment and (ii) for the period commencing on the day after the first anniversary of the Initial Borrower Date and ending on the second anniversary of the Initial Borrowing Date, an amount equal to 1% of the aggregate principal amount of the applicable prepayment and (y) with respect to a payment of the Term Loans with the Permanent Senior Subordinated Notes Prepayment Amount, an amount equal to 1% of the aggregate principal amount of the applicable prepayment.
Term Loan Prepayment Premium shall be, with respect any prepayment of a Term Loan Advance (including upon acceleration of the Term Loan Maturity Date pursuant to Section 6.9) (a) on or prior to the first (1st) anniversary of the First LMA Effective Date, an additional fee payable to Bank in an amount equal to three percent (3.0%) of the amount of such Term Loan Advance outstanding before giving effect to such prepayment, (b) after the first (1st) anniversary of the First LMA Effective Date but on or prior to the second (2nd) anniversary of the First LMA Effective Date, an additional fee payable to Bank in an amount equal to two percent (2.0%) of the amount of such Term Loan Advance outstanding before giving effect to such prepayment and (c) after the second (2nd) anniversary of the First LMA Effective Date, an additional fee payable to Bank in an amount equal to one percent (1.0%) of the amount of such Term Loan Advance outstanding before giving effect to such prepayment. Notwithstanding the foregoing, Bank agrees to waive the Term Loan Prepayment Premium if the Term Loan Advance is prepaid in full in accordance with Section 2.3(d) in connection and simultaneously with the refinancing of the Term Loan Advance by Bank in Bank’s sole and absolute discretion.”