Fee otherwise allowed of the improved rates sent to within this

(c) Mortgage Cards. If so requested by any Lender by written notice to Company (with a copy to Administrative Agent) at any time after the Closing Date, Company shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to six), promptly after Company’s receipt of such notice) a Loan Note, as applicable, to evidence such Lender’s Loans.

(a) But since the if you don’t established herein, the brand new Funds should accrue attention every single day within the an expense equal to the product from (A) the new outstanding dominating matter thereof at the time of including go out and you will (B) the fresh LIBO Price to possess instance several months (unless of course good LIBOR Disturbance Event has took place that is proceeded, in which particular case such as rate are going to be the prime Rate) and the Applicable Margin.

(b) Interest payable pursuant to 5(a) shall be computed on the basis of a 360-day year, in each case for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of the making of such Loan or the first day of an Interest Period applicable to such Loan shall be included, and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan shall be excluded; provided, if a Loan is repaid on the same day on which it is made, one (1) day’s interest shall be paid on that Loan.

Section 9

(c) Except since the if not established herein, attract on every Mortgage is going to be payable for the arrears (i) on also to for every Interest Fee Date; (ii) on any prepayment of that Loan into the extent accumulated towards the quantity are prepaid; and you can (iii) in the maturity.

2.6 Default Interest. Upon the occurrence and during the continuance of an Event of Default, the principal amount of all Loans outstanding and, to the extent permitted by applicable law, any interest payments on the Loans or any fees or other amounts owed hereunder, shall thereafter bear interest (including post-petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws) payable in accordance with 12 at a rate that is 2.0% per annum in excess of the interest rate otherwise payable https://paydayloansgeorgia.net/cities/brunswick/ hereunder with respect to the applicable Loans (or, in the case of any such fees and other amounts, at a rate which is 2.0% per annum in excess of the interest rate otherwise payable hereunder) (the “Default Interest Rate”). 6 is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender.

(a) Company agrees to pay into the Person entitled to fee hereunder, together with not limited to percentage to every Lender of the Non-Have fun with Payment, one fees following due and you will due to such as People because of the Companypany agrees to pay any Liquidation Fees payable to a loan provider inside the contact with a great prepayment off Fund.

(b) All fees referred to in 7(a) shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall be payable monthly in arrears on (i) each Interest Payment Date during the Commitment Period, commencing on the first such date to occur after the Closing Date, and (ii) on the Commitment Termination Date.

Part 2

(a) Subject to payment of an Early Termination Fee as described in this 9, Company may, upon not less than thirty (30) Business Days’ prior written notice to Administrative Agent and each Lender, at any time and from time the date that is eighteen (18) months after the Closing Date, terminate in whole or permanently reduce in part the Commitments in an amount up to the amount by which the Commitments exceed the Total Utilization of Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Commitments shall be in an aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of that amount; and provided further that any such reduction of the Commitments shall effect a ratable reduction of the Commitments of each Lender. Notwithstanding the foregoing, voluntary reductions of Commitments are prohibited from the Closing Date until the date that is eighteen (18) months after the Closing Date.


Publicado el 11/2/2022 Categoría payday loan online.

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