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Prepayment Fee
Prepayment Fee contract clause examples

Prepayment Fee. The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares. For the sake of clarity, the Funding Date of each Term Loan, which Term Loans are in the original aggregate principal amount of One Hundred Million Dollars ($100,000,000.00), is the Effective Date; and (d) Lenders’ Expenses. All Lenders’ Expenses (including reasonable attorneys’ fees and expenses for documentation and negotiation of this Agreement) incurred through and after the Effective Date, when due.

The Borrower shall pay the Lenders Prepayment Fee with respect to any amount prepaid under Clause 7.2 (Voluntary prepayment of the Loan) above and under clause 19.21 (Acceleration) below (except for Clause 19.10 (Unlawfulness)).

Prepayment Fee. The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares;

Prepayment Fee. The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares;

Prepayment Fee. If any advance under the Term Loan is prepaid at any time, in whole or in part, for any reason (whether by voluntary prepayment by Borrowers, by reason of the occurrence of an Event of Default or the acceleration of the Term Loan, or otherwise), or if the Term Loan shall become accelerated and due and payable in full, Borrowers shall pay to Agent, for the benefit of all Lenders, as compensation for the costs of such Lenders making funds available to Borrowers under this Agreement, a prepayment fee (the “Prepayment Fee”) calculated in accordance with this subsection. The Prepayment Fee in respect of each of Term Loan Tranche 1 shall be equal to an amount determined by multiplying the amount being prepaid (or required to be prepaid, if such amount is greater) by the following applicable percentage amount: # three percent (3.0%) if such prepayment occurs on or prior to the first anniversary of the Closing Date, # two percent (2.0%) if such prepayment occurs after the first anniversary of the Closing Date but on or prior to the second anniversary of the Closing Date, # one percent (1.0%) if such prepayment occurs after the second anniversary of the Closing Date and prior to or on the third anniversary of the Closing Date, and # zero percent (0%) if such prepayment occurs after the third anniversary of the Closing Date. The Prepayment Fee in respect of each of Term Loan Tranche 2 shall be equal to an amount determined by multiplying the amount being prepaid (or required to be prepaid, if such amount is greater) by the following applicable percentage amount: # three percent (3.0%) if such prepayment occurs on or prior to the first anniversary of the Closing Date, # two percent (2.0%) if such prepayment occurs after the first anniversary of the Closing Date but on or prior to the second anniversary of the Closing Date, # one percent (1.0%) if such prepayment occurs after the second anniversary of the Closing Date and prior to or on the third anniversary of the Closing Date, and # zero percent (0%) if such prepayment occurs after the third anniversary of the Closing Date. The Prepayment Fee shall not apply to or be assessed upon any prepayment made by Borrowers if such payments were # required by Agent to be made pursuant to [Section 2.1(a)(ii)(B)] subpart # (relating to casualty proceeds), or subpart # (relating to payments exceeding the Maximum Lawful Rate) or # made due to the Term Loans being paid in full as a result of a refinancing of the Term Loans in full prior to the Maturity Date by all of the Lenders (provided that nothing herein shall require any Lender to so consent to refinancing the Term Loans). All fees payable pursuant to this paragraph shall be deemed fully earned and non-refundable as of the Closing Date.

Prepayment Fee. The Prepayment Fee, when due hereunder;

Prepayment Fee. If any advance under the Term Loans is prepaid at any time, in whole or in part, for any reason (whether by voluntary prepayment by Borrowers, by reason of the occurrence of an Event of Default or the acceleration of the Term Loans, or otherwise), or if the Term Loans shall become accelerated and due and payable in full, Borrowers shall pay to Agent, for the benefit of all Lenders committed to make Term Loan advances, as compensation for the costs of such Lenders making funds available to Borrowers under this Agreement, a prepayment fee (the “Prepayment Fee”) equal to an amount determined by multiplying the amount of the Term Loans being prepaid by the following applicable percentage amount: # three and a half percent (3.50%) for the first year following the Closing Date , # two and a half percent (2.50%) for the second year following the Closing Date, # one and a half percent (1.50%) for the third year following the Closing Date and # zero percent (0.0%) thereafter. The Prepayment Fee shall not apply to or be assessed upon any prepayment made by Borrowers if such payments were # required by Agent to be made pursuant to [Section 2.1(a)(ii)(B)] subpart # (relating to casualty proceeds), or subpart # (relating to payments exceeding the Maximum Lawful Rate) or # made due to the Term Loans being paid in full as a result of a refinancing of the Term Loans prior to the Maturity Date by all of the Lenders. All fees payable pursuant to this paragraph shall be deemed fully earned and non-refundable as of the Closing Date.

Prepayment Fee. The Prepayment Fee, if and when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares; and

Prepayment Fee. The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares; and

Prepayment Fee. The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares;

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