Commitment Termination Fee definition

Commitment Termination Fee has the meaning specified therefor in Section 2.06(a).
View Source
Commitment Termination Fee is defined in Section 2.5.
View Source
Commitment Termination Fee has the meaning assigned to such term in the Note Purchase Agreement.
View Source

Examples of Commitment Termination Fee in a sentence

  • The Commitment Termination Fee, if any, shall be due and payable on the Availability Termination Date.

  • On the Availability Termination Date, the undrawn portion of the Initial Aggregate Commitment shall be permanently terminated, the Lenders shall have no further obligation to make Advances in respect of their respective portions of such undrawn Initial Aggregate Commitment hereunder, and the Borrower shall pay to the Administrative Agent the Commitment Termination Fee, if any, as set forth in Section 2.5.

  • If applicable in accordance with the preceding sentence, the Third Amendment Note Commitment Termination Fee shall be due and payable on the date on which the Escrow Property (as defined in the Third Amendment Escrow Agreement) is required to be returned to the Third Amendment Purchasers pursuant to the Third Amendment Escrow Agreement.

  • For avoidance of doubt, in the event that a termination of any or all Commitments and a prepayment of a Term Loan occur on the same day, the Commitment Termination Fee due pursuant to this subparagraph (iii) shall be due in addition to the Commitment Termination Fees due pursuant to subparagraph (i) above.

  • In the event that the Company does not borrow the full amount of the Term Commitments on or prior to November 29, 2010, the Company will be required to pay the Commitment Termination Fee to the extent required pursuant to Section 2.04(d)(ii).

  • For avoidance of doubt, in the event that both the Revolving Commitments and the Term Commitments are terminated on the same day, the Company shall pay a Commitment Termination Fee with respect to the termination of the Revolving Commitments and a Commitment Termination Fee with respect to the termination of the Term Commitments, in each case pursuant to this clause (i) on that day.

  • The Borrower shall pay the Commitment Termination Fee on the Initial Closing Date.

  • For purposes of this Section, the term ADDITIONAL AMOUNT means, with respect to any Note or Commitment under the Tranche B Facility, an amount equal to the Make-Whole Amount or Commitment Termination Fee that would have been payable with respect to such Note or Commitment if the Borrower had elected to prepay such Note and/or cancel such Commitment in full pursuant to Section 3.2 or Section 4.3 hereof, as applicable, on the date of such acceleration or termination.

  • In connection with any prepayment of the Term Loans pursuant to this subparagraph, the Commitment Termination Fee shall be due pursuant to Section 2.04(d)(iii).

  • The Prepayment Premium and the Commitment Termination Fee, as applicable, shall also be payable in the event the Obligations (and/or this Agreement or the Notes (if any) evidencing the Obligations) are satisfied or released by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or by any other means and the Subsequent Draw Commitments terminated.


More Definitions of Commitment Termination Fee

Commitment Termination Fee means, a fee in the following amount: (i) for a Commitment termination occurring between the Closing Date and the twenty-four month anniversary of the Closing Date, an amount equal to the sum of (1) the product of (A) the number of days from the date of such Commitment termination until the twenty-four month anniversary of the Closing Date divided by 360 days and (B) the product of the aggregate principal amount of the Commitments being terminated and the Loan Interest Rate, and (2) the product of (A) 3.0% and (B) the aggregate principal amount of the Commitments being terminated; (ii) for a Commitment termination occurring after the twenty-four month anniversary of the Closing Date and on or prior to the thirty month anniversary of the Closing Date, the product of (A) 3.0% and (B) the aggregate principal amount of the Commitments being terminated and (iii) for a Commitment termination occurring after the thirty month anniversary of the Closing Date, none.
View Source
Commitment Termination Fee means, as of any date of determination, the fee payable pursuant to Section 2.04(d) in connection with the events described therein, in an amount equal to:
View Source
Commitment Termination Fee means a fee in the following amount: (i) for a Loan Commitment termination occurring between the Effective Date and the twenty-four month anniversary of the Effective Date, an amount equal to the sum of (1) the product of (A) the number of days from the date of such Loan Commitment termination until the twenty-four month anniversary of the Effective Date divided by 360 days and (B) the product of the principal amount of the Loan Commitment being terminated and the Loan Interest Rate and (2) the product of (A) 3% and (B) the aggregate principal amount of the Loan Commitments being terminated; (ii) for a Loan Commitment termination occurring after the twenty-four month anniversary of the Effective Date and on or prior to the thirty month anniversary of the Effective Date, the product of (A) 3.0% and (B) the aggregate principal amount of the Loan Commitments being terminated; and (iii) for a Loan Commitment termination occurring after the thirty month anniversary of the Effective Date, none.
View Source
Commitment Termination Fee has the meaning given to such term in Section 2.5 hereof.
View Source

Related to Commitment Termination Fee

  • Commitment Termination Date means the earliest of

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

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Existing Commitment Termination Date as defined in Section 2.12(a).