Term Loan Termination Fee definition

Term Loan Termination Fee means a fee equal to (i) [****] of the outstanding principal balance of the Term Loan if the prepayment occurs on or prior to the first anniversary of the Effective Date and (ii) [****] of the outstanding principal balance of the Term Loan if the prepayment occurs after the first anniversary of the Effective Date but prior to the Term Loan Maturity Date.
Sample 1Sample 2
Term Loan Termination Fee is an amount equal to (i) two percent (2.0%) of the Term Loan Amount if the prepayment is made on or before the first anniversary of the Effective Date, (ii) one percent (1.0%) of the Term Loan Amount if the prepayment is made after the first anniversary of the Effective Date but before the second anniversary of the Effective Date and (iii) one percent (1.0%) of the Term Loan Amount if the prepayment is made after the second anniversary of the Effective Date but before the Term Loan Maturity Date; provided that no Term Loan Termination Fee shall be charged if the credit facility hereunder is replaced with a new facility from another division of Silicon Valley Bank.
Sample 1Sample 2
Term Loan Termination Fee is an amount equal to (a) two percent (2%) of the amount prepaid if such prepayment is received by Bank prior to the one year anniversary of the Effective Date; (b) one and one-half percent (1.5%) of the amount prepaid if such prepayment is received by Bank on or after the one year anniversary of the Effective Date and prior to the two year anniversary of the Effective Date; (c) one percent (1.0%) of the amount prepaid if such prepayment is received by Bank on or after the two year anniversary of the Effective Date and prior to the three year anniversary of the Effective Date; (d) one-half percent (0.5%) of the amount prepaid if such prepayment is received by Bank on or after the three year anniversary of the Effective Date and prior to the four year anniversary of the Effective Date; and (e) zero percent (0%) of the amount prepaid if such prepayment is received on or after the four year anniversary of the Effective Date.
Sample 1

Examples of Term Loan Termination Fee in a sentence

  • The Term Loan Termination Fee, when due pursuant to the terms of Section 2.1.1(c).

  • If the Term Loan has become due and payable according to the terms hereof because of the occurrence and continuance of an Event of Default, Borrower shall pay to Bank on the date that the Term Loan has become due and payable according to the terms hereof, in addition to any other sums owing, a termination fee equal to the Term Loan Termination Fee, and such Term Loan Termination Fee shall bear interest until paid at a rate equal to the highest rate applicable to the Obligations.

  • No Term Loan Termination Fee shall be applicable to a prepayment or partial prepayment that occurs (i) after two calendar years of the Effective Date or (ii) in connection with any event described in Sections 3.6 and 3.7 hereof provided that such event occurs only with respect to Bank or an assignee to whom an assignment has been made pursuant to Section 12.2.

  • Notwithstanding the foregoing, should LENDER terminate the Acquisition Term Loan for any reason other than acceleration or as a result of an Event of Default, LENDER and BORROWERS hereby acknowledge that no Acquisition Term Loan Termination Fee shall be due and payable by BORROWERS.

  • Such Term Loan Termination Fee shall bear interest until paid at a rate equal to the highest rate applicable to the Obligations.

  • The Term Loan Termination Fee, if not paid on the date of prepayment of the Term Loan in accordance with this Section 2.1.5(c), shall bear interest until paid at a rate equal to the highest rate applicable to the Obligations.

  • In situations where there are multiple marketing carriers on a single flight and the marketing carriers have not specified in their contracts of carriage that the operating carrier’s plan governs, it becomes even more critical that the carriers’ plans are aligned.

  • The Term Loan Termination Fee, if not paid on the date of prepayment of the Term Loan in accordance with this Section 2.1.3 (c), shall bear interest until paid at a rate equal to the highest rate applicable to the Obligations.

  • BORROWERS acknowledge that the Term Loan Termination Fee is an estimate of LENDER's damages in the event of early termination and is not a penalty.

  • Any Termination Fee, Deferred Term Loan Termination Fee, Commitment Fee, and all Unused Line Fees and Monitoring Fees shall be due and payable in accordance with Section 2.4 of this Agreement.


More Definitions of Term Loan Termination Fee

Term Loan Termination Fee is defined in Section 2.1.5(c).
Sample 1
Term Loan Termination Fee is an amount equal to (a) two percent (2%) of the amount prepaid of the Term Loan if such prepayment is received by Bank prior to the one year anniversary of the Effective Date; (b) one percent (1.0%) of the amount prepaid of the Term Loan if such prepayment is received by Bank on or after the one year anniversary of the Effective Date and prior to the two year anniversary of the Effective Date; and (c) zero percent (0%) of the amount prepaid of the Term Loan if such prepayment is received on or after the second year anniversary of the Effective Date.
Sample 1

Related to Term Loan Termination Fee

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Loan Termination Date means each day on which a deposit is made into the Collateral Account in respect of Terminated Loans.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Termination Fee has the meaning set forth in Section 7.02(a).

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Reverse Termination Fee shall have the meaning specified in Section 9.3(b).

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Revolving Loan Commitment Termination Date means the earliest of

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Termination Fee Event has the meaning ascribed thereto in Section 5.2(a);

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Sponsor Termination Fees means the one-time payment under the Sponsor Management Agreement of a termination fee to one or more of the Sponsors and their Affiliates in the event of either a Change of Control or the completion of a Qualifying IPO.

  • Scheduled Commitment Termination Date means July 2, 2024.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

Most Referenced Clauses

Most Referenced Definitions