Delayed Draw Loans. Subject to the terms and conditions set forth herein, including Section 2.01(c), each Delayed Draw Lender severally, and not jointly, agrees to make Delayed Draw Loans to the Borrower from time to time (but in any event with respect to Delayed Draw Loans made pursuant to this Section 2.01(b), limited to fifteen (15) drawings from all Delayed Draw Lenders, each in an aggregate principal amount of at least $5,000,000), on any Business Day until the Delayed Draw Commitment Termination Date, in a principal amount that will not result in (i) the Delayed Draw Loan to be made by a Lender on such date exceeding such Lender’s Delayed Draw Commitment on such date, (ii) the total Delayed Draw Loans exceeding the Delayed Draw Cap, (iii) the total Loans outstanding exceeding the then effective Borrowing Base or (iv) the aggregate Delayed Draw Commitment reducing below the Threshold Amount at such time. The Delayed Draw Loans shall be issued with an original issue discount of 3.0% of par. The Delayed Draw Commitments shall be permanently reduced by the amount of each Delayed Draw Loan when made and amounts paid or prepaid in respect of the Delayed Draw Loans may not be reborrowed.
Delayed Draw Loans. In addition to the satisfaction (or waiver in accordance with Section 9.07) of the conditions set forth in Section 5.01 hereof, the Lender shall not be obligated to fund any Delayed Draw Loans unless the Lender shall have first exercised the Final Outside Date Extension Option.
Delayed Draw Loans. The Company shall prepay the Delayed Draw Loans on the date such Delayed Draw Loans are made from any proceeds of the Delayed Draw Loans that were not used on such date to fund Xxxxxx Acquisition Financing Requirements.
Delayed Draw Loans. Subject to the terms and conditions set forth herein, each Delayed Draw Lender severally agrees to fund a delayed draw loan to the Borrower Representative, upon request by the Borrower Representative, on behalf of the Borrowers (each such loan, a “Delayed Draw Loan”) on any Business Day during the Availability Period in one or several Borrowings, in an aggregate amount at any time outstanding not to exceed the amount of such Delayed Draw Lender’s Delayed Draw Commitment; provided, however, that after giving effect to any Borrowing of Delayed Draw Loans, (i) the total amount outstanding under all Delayed Draw Loans shall not exceed the total Delayed Draw Commitments and (ii) the amount outstanding in favor of each Delayed Draw Lender shall not exceed such Delayed Draw Lender’s Delayed Draw Commitment. The Delayed Draw Loan (or any portion thereof) may consist of Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, that all Borrowings made on the Closing Date shall be made as Base Rate Loans. Any portion of the Delayed Draw Loan that is repaid or prepaid may not be reborrowed.
Delayed Draw Loans. (a) On the Closing Date and from time to time thereafter during the Availability Period, but no more than once a month during the Availability Period, the Borrower may request a loan (a “Delayed Draw Loan”) in an aggregate amount not to exceed the total aggregate Delayed Draw Loan Commitments of all Delayed Draw Lenders by submitting a Borrowing Notice to the Administrative Agent in accordance with Section 2.01(c). Subject to the terms and conditions set forth herein, each Delayed Draw Lender agrees severally, and not jointly, to make such Delayed Draw Loan to the Borrower in a principal amount not to exceed its Delayed Draw Loan Commitment. Any Delayed Draw Loan requested under this Section 2.01 shall be made by the Delayed Draw Lenders ratably in proportion to their respective share of the aggregate Delayed Draw Loan Commitments; provided that the disbursement of such Delayed Draw Loan shall not result in the CPAM: 12877541.11 aggregate principal amount of the Delayed Draw Loans outstanding at any time, after giving effect to such Delayed Draw Loan, exceeding the lesser of (i) the total aggregate Delayed Draw Loan Commitments of all Delayed Draw Lenders and the (ii) the Available Borrowing Base, after giving effect to such Delayed Draw Loan. Each Delayed Draw Lender’s Delayed Draw Loan Commitment shall expire on the last day of the Availability Period after giving effect to any funding of such Delayed Draw Lender’s Delayed Draw Loan Commitment on such date. The Delayed Draw Loans may be Base Rate Loans or LIBO Rate Loans.
Delayed Draw Loans. (i) Subject to the terms and conditions hereof, each Delayed Draw Lender severally agrees to make a term loan (a “
Delayed Draw Loans. During the Commitment Period, as additional compensation for the Lenders, the Borrower agrees to pay to the Administrative Agent, for the ratable benefit of such Lenders, in cash in arrears, on the date which is the fifteenth (15th) day of every calendar month prior to the Commitment Period Termination Date, beginning on May 15, 2022, and on the Commitment Period Termination Date, a fee in respect of the Lenders' Commitments (excluding the Commitments of any Defaulting Lenders) in an amount equal to 2.75% per annum (calculated on the basis of a 360 day year for actual days elapsed) multiplied by the average daily unused amount of the Commitment of such Lender during the period for which such fee is due.
Delayed Draw Loans. Subject to the terms and conditions set forth in this Agreement, on any Business Day during the Delayed Draw Period, the Lenders severally agree to make Loans in the aggregate maximum principal amount of up to $50,000,000.00 (the “Delayed Draw Loans”) to the Borrowers; provided, however, that (A)(I) any such Delayed Draw Loan that is a Base Rate Loan shall be in the amount of $100,000.00 or an integral multiple of $100,000.00 in excess thereof and (II) any such Delayed Draw Loan that is a LIBOR Rate Loan shall be in the amount of $500,000.00 or an integral multiple of $100,000.00 in excess thereof, (B) there shall not be more than three Delayed Draw Loans advanced during the Delayed Draw Period, (C) such Delayed Draw Loans shall consist of advances made simultaneously by the Lenders ratably according to their Commitments, (D) such Delayed Draw Loans shall be subject to the conditions in §11 having been satisfied and (E) the aggregate amount advanced to the Borrowers pursuant to this §2.1(b) shall not exceed the aggregate unfunded Commitments.
Delayed Draw Loans. (a) Delayed Draw Commitments. On the Xxxxxx Acquisition Closing Date, each Lender severally agrees to make one or more Delayed Draw Loans in an amount up to but not exceeding such Lender's Delayed Draw Commitment. Any amount borrowed under this Section 2.2(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a) and 2.15, all amounts owed hereunder with respect to the Delayed Draw Loans shall be paid in full no later than the Delayed Draw Loan Maturity Date. Each Lender's Delayed Draw Commitment shall expire on the earlier of (i) the Delayed Draw Commitment Termination Date and (ii) the Xxxxxx Acquisition Closing Date (after giving effect to the funding of such Lender's Delayed Draw Commitment on such date).
Delayed Draw Loans. Subject to the terms and conditions set forth in this Agreement, on any Business Day during the Delayed Draw Period, the Lenders severally agree to make Loans in the aggregate maximum principal amount of up to $50,000,000.00 (the “Delayed Draw Loans”) to the Borrowers; provided, however, that (A)(I) any such Delayed Draw Loan that is a Base Rate Loan shall be in the amount of $100,000.00 or an integral multiple of $100,000.00 in excess thereof and (II) any such Delayed Draw Loan that is a LIBOR Rate Loan shall be in the amount of $500,000.00 or an integral multiple of $100,000.00 in excess thereof, (B) there shall not be more than three Delayed Draw Loans advanced during the Delayed Draw Period,
