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).
Examples of Term Loan Prepayment Premium in a sentence
Borrower shall have the option to prepay all or any portion of the Term Loan, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan at least ten (10) days prior to such prepayment and (ii) pays, on the date of such prepayment, (a) the principal amount of the Term Loan to be repaid and accrued but unpaid interest, plus (b) the applicable Term Loan Prepayment Premium, plus (c) all other sums, including Lenders’ Expenses, if any, that shall have become due and payable.
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.” and inserting in lieu thereof the following: “ “Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) (A) prior to the occurrence of the Reserve Release Event, (1) the amount available under the Borrowing Base minus (2) Two Million Dollars ($2,000,000.00) and (B) on and after the occurrence of the Reserve Release Event, the amount available under the Borrowing Base, minus (b) the outstanding principal balance of any Advances.”
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, 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.”
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, 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 (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.