Additional Closing Fee definition
Additional Closing Fee means with respect to the first Advance on or following the Amended and Restated Closing Date, a fee in an amount equal to (i) the amount of the Facility Limit and (ii) one percent (1.00%).
Additional Closing Fee has the meaning specified in Section 15(b)(iii)(C).
Additional Closing Fee. An amount equal to the average daily principal balance of the Term Loan during the period beginning on the first anniversary of the Effective Date and ending on the Additional Closing Fee Calculation Date multiplied by that percentage which would yield a fee of 5% per annum for such period on such amount (pro rated for the actual number of days in such period).
Examples of Additional Closing Fee in a sentence
With respect to the first Advance on or following the Amended and Restated Closing Date, the Borrower paid to the Administrative Agent the Additional Closing Fee.
The Additional Closing Fee was fully earned and due and payable on the related Advance Date.
The Additional Closing Fee shall be fully earned and due and payable on the related Advance Date.
With respect to the first Advance on or following the Amended and Restated Closing Date, the Borrower shall pay to the Administrative Agent the Additional Closing Fee.