Extension Fee. If, pursuant to Section 2.15, the Borrower exercises its right to extend the Revolving Termination Date and the Term Loan Maturity Date, the Borrower agrees to pay to the Administrative Agent (i) for the account of each Revolving Lender an extension fee equal to 0.25% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized), and (ii) for the account of each Term Loan Lender a fee equal to 0.25% of the outstanding principal amount of such Term Loan Lender’s Term Loans on the effective date of such extension. Such fee shall be due and payable in full on the effective date of such extension.
Appears in 3 contracts
Sources: First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust)
Extension Fee. If, pursuant to Section 2.15, (i) [Intentionally Omitted].
(ii) If the Borrower exercises its right to extend the Revolving Termination Date and the Term Loan Maturity DateDate in accordance with Section 2.12., the Borrower agrees to pay to the Administrative Agent (i) for the account of each Revolving Lender an extension fee equal to 0.25% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized), and (ii) for the account of each Term Loan Lender a fee equal to 0.25% of the outstanding principal amount of such Term Loan Lender’s Term Loans Loan on the effective date of such extension. Such fee shall be due and payable in full on the effective date of the Administrative Agent receives the Extension Request pursuant to such extensionSection.
Appears in 2 contracts
Sources: Term Loan Agreement (Broadstone Net Lease Inc), Term Loan Agreement (Broadstone Net Lease Inc)
Extension Fee. If, pursuant to Section 2.15, If the Borrower exercises its right to extend the Maturity Date for Revolving Termination Date Loans and the Term Loan Maturity DateRevolving Commitments in accordance with Section 2.12, the Borrower agrees to pay to the Administrative Agent (i) for the account of each Revolving Lender an extension (other than a Lender that at such time is a Defaulting Lender), a fee (the “Extension Fee”) equal to 0.250.10% of the amount of such Revolving LenderL▇▇▇▇▇’s Revolving Commitment (whether or not utilized), and (ii) for the account of each Term Loan Lender a fee equal to 0.25% as of the outstanding principal amount of such Term Loan Lender’s Term Loans on the effective date of such extension. Such fee shall be due and payable in full on no later than the effective date of such extension pursuant to Section 2.12, as a condition precedent to such extension.
Appears in 1 contract
Sources: Credit Agreement (Cantor Fitzgerald Income Trust, Inc.)
Extension Fee. If, pursuant to Section 2.15, If the Borrower exercises its right to extend the Maturity Date for Revolving Termination Date Loans and the Term Loan Maturity DateRevolving Commitments in accordance with Section 2.13, the Borrower agrees to pay to the Administrative Agent (i) for the account of each Revolving Lender an extension (other than a Lender that at such time is a Defaulting Lender), a fee equal to 0.250.20% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized), and (ii) for the account of each Term Loan Lender a fee equal to 0.25% as of the outstanding principal amount of such Term Loan Lender’s Term Loans on the effective date of such extension. Such fee shall be due and payable in full on no later than the effective date of such extension pursuant to Section 2.13, as a condition precedent to such extension.
Appears in 1 contract
Sources: Credit Agreement (HC Government Realty Trust, Inc.)
Extension Fee. If, pursuant to Section 2.152.14, the Borrower exercises its Borrowers exercise their right to extend the Revolving Termination Date and the Term Loan Maturity Datefor Revolving Loans, the Borrower agrees Borrowers agree to pay to the Administrative Agent (i) for the account of each Revolving Lender Lender, (i) if the extension is for an additional period of twelve (12) months, an extension fee equal to 0.250.125% or (ii) if the extension is for an additional period of six (6) months, an extension fee equal to 0.0625%, in each case, of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized), and (ii) for the account of each Term Loan Lender a fee equal to 0.25% of the outstanding principal amount of such Term Loan Lender’s Term Loans on the effective date of such extensionExtension. Such fee shall be due and payable in full on the effective date of such extensionExtension.
Appears in 1 contract
Sources: Revolving Credit Agreement (Ps Business Parks, Inc./Md)
Extension Fee. If, pursuant to Section 2.15, (i) [Intentionally Omitted].
(ii) If the Borrower exercises its right to extend the Revolving Termination Date and the Term Loan Maturity DateDate in accordance with Section 2.12., the Borrower agrees to pay to the Administrative Agent (i) for the account of each Revolving Lender an extension fee equal to 0.25% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized), and (ii) for the account of each Term Loan Lender a fee equal to 0.250.10% of the aggregate outstanding principal amount of such Term Loan Lender’s Term Loans on the effective date of each such extension. Such fee shall be due and payable in full on the effective date of the Administrative Agent receives the Extension Request pursuant to such extensionSection.
Appears in 1 contract
Extension Fee. If, pursuant to Section 2.15, the Borrower exercises its right to extend the Revolving Termination Date and the Term Loan Maturity Date, the Borrower agrees to pay to the Administrative Agent (i) for the account of each Revolving Lender an extension fee equal to 0.25% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized), and (ii) for the account of each Term Loan Lender a fee equal to 0.25% of the outstanding principal amount of such Term Loan Lender’s Term Loans on the effective date of such extension. Such fee shall be due and payable in full on the effective date of such extension.
Appears in 1 contract
Sources: Second Lien Credit Agreement (Pennsylvania Real Estate Investment Trust)
Extension Fee. If, pursuant to Section 2.15, If the Borrower exercises its right to extend the Maturity Date for Revolving Termination Date Loans and the Term Loan Maturity DateRevolving Commitments in accordance with Section 2.12, the Borrower agrees to pay to the Administrative Agent (i) for the account of each Revolving Lender an extension (other than a Lender that at such time is a Defaulting Lender), a fee (the “Extension Fee”) equal to 0.250.10% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized), and (ii) for the account of each Term Loan Lender a fee equal to 0.25% as of the outstanding principal amount of such Term Loan Lender’s Term Loans on the effective date of such extension. Such fee shall be due and payable in full on no later than the effective date of such extension pursuant to Section 2.12, as a condition precedent to such extension.
Appears in 1 contract
Sources: Credit Agreement (Cantor Fitzgerald Income Trust, Inc.)