Delayed Draw Term Commitments. Subject to the terms and conditions hereof, each Delayed Draw Term Lender severally agrees to make a term loan or term loans in Dollars (each, a “Delayed Draw Term Loan”, and collectively, the “Delayed Draw Term Loans”) to the Borrower from time to time after the Closing Date until, but not including, the Delayed Draw Term Commitment Termination Date; provided, that (i) there shall not be more than three drawings of the Delayed Draw Term Loans, (ii) each drawing of Delayed Draw Term Loans shall not exceed, for any Delayed Draw Term Lender, the Available Delayed Draw Term Commitment of such Lender at such time and (iii) the Delayed Draw Term Loans shall not exceed, in the aggregate, the Total Delayed Draw Term Commitment. The Delayed Draw Term Loans may from time to time be Term Benchmark Loans, RFR Loans, ABR Loans or Daily SOFR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10. Amounts paid or prepaid in respect of Delayed Draw Term Loans may not be reborrowed.
Delayed Draw Term Commitments. Subject to the terms and conditions set forth herein, during the Delayed Draw Commitment Period, each Delayed Draw Term Lender with a Delayed Draw Term Commitment severally, and not jointly, agrees to make Delayed Draw Term Loans to the Borrower on each Delayed Draw Funding Date in Dollars in a principal amount not to exceed its Delayed Draw Term Commitment; provided that there shall not be more than one Delayed Draw Funding Date in any calendar month during the Delayed Draw Commitment Period. Each Delayed Draw Term Lender’s Delayed Draw Term Commitment shall (x) be permanently reduced on each Delayed Draw Funding Date by the principal amount funded by each such Delayed Draw Term Lender on such Delayed Draw Funding Date and (y) terminate immediately and without further action on the Delayed Draw Termination Date. Amounts paid or prepaid in respect of the Delayed Draw Term Loans may not be reborrowed.
Delayed Draw Term Commitments. Subject to the terms and conditions hereof, each Delayed Draw Term Lender severally agrees to make a Delayed Draw Term Loan to the Borrowers during the period commencing on the Closing Date and ending on the earlier of (i) November 8, 2014 and (ii) the date on which the 2014 Convertible Unsecured Notes are paid in full in an aggregate amount equal to the amount of the Delayed Draw Term Commitment of such Lender. The Delayed Draw Term Loans may be drawn in up to three (3) separate draws of not less than $5,000,000 each. Delayed Draw Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrowers and notified to the Administrative Agent in accordance with Sections 2.2 and 2.13.
Delayed Draw Term Commitments. On the terms and subject to the conditions contained in this Agreement, each Delayed Draw Term Lender severally agrees to make a term loan (each a “Delayed Draw Term Loan”) to the Borrower on or prior to the Delayed Draw Commitment Termination Date, in an amount not to exceed such Lender’s Delayed Draw Term Commitment in effect at such time, which Delayed Draw Term Loan shall be available in Dollars to the Borrower pursuant to such Lender’s pro rata share of the Delayed Draw Term Commitments. Amounts of Delayed Draw Term Loans repaid or prepaid may not be reborrowed.
Delayed Draw Term Commitments. The aggregate Delayed Draw Term Commitments shall be automatically and permanently reduced to zero immediately after the last day of the Delayed Draw Availability Period.
Delayed Draw Term Commitments. The Borrower shall pay to the Administrative Agent for the account of each Delayed Draw Term Lender in accordance with its Delayed Draw Term Commitment, a ticking fee equal to (A) if the Worldspan Closing Date occurs prior to the 60th day following the Second Amendment and Restatement Effective Date, or if the Delayed Draw Term Commitments are terminated by the Borrower in accordance with Section 2.06(a) during such period, for the period from the Second Amendment and Restatement Effective Date to such 60th day an amount equal to 0.0% per annum of the actual daily average of each such Lender’s Delayed Draw Term Commitment for the period from and including the Second Amendment and Restatement Effective Date to and including such 60th day, (B) if the Worldspan Closing Date occurs at any time from the 61st day following the Second Amendment and Restatement Effective Date until the 150th day following the Second Amendment and Restatement Effective Date, or if the Delayed Draw Term Commitments are terminated by the Borrower in accordance with Section 2.06(a) during such period, an amount equal to 0.50% per annum of the actual daily average of each such Lender’s Delayed Draw Term Commitment for the period from and including such 61st day to and including the Worldspan Closing Date or such date of termination, and (C) if the Worldspan Closing Date occurs thereafter, or if the Delayed Draw Term Commitments are terminated by the Borrower in accordance with Section 2.06(a) thereafter, an amount equal to 1.00% per annum of the actual daily average of each such Lender’s New Post-First Amendment and Restatement Synthetic L/C Commitment for the period from and including such 151st day to and including the Worldspan Closing Date or such date of termination. The ticking fee shall accrue at all times from the Second Amendment and Restatement Effective Date, and shall be due and payable on the Worldspan Closing Date; provided that if the Delayed Draw Term Commitments are terminated by the Borrower in accordance with Section 2.06(a) prior to the Worldspan Closing Date, such ticking fee shall be paid by the Borrower to the Administrative Agent for the account of each Delayed Draw Term Lender on the effective date of such termination.
Delayed Draw Term Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Delayed Draw Term Commitments or, from time to time, to reduce the amount of the Delayed Draw Term Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Delayed Draw Term Commitments then in effect.
Delayed Draw Term Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make up to four loans (each such loan, a “Delayed Draw Term Loan”) to the Borrowers from time to time in AUD on any Business Day during the Delayed Draw Term Commitment Period in an aggregate amount not to exceed such Lender’s Delayed Draw Term Commitment. The Delayed Draw Term Loans shall be Eurodollar Loans. Amounts paid or prepaid in respect of Delayed Draw Term Loans may not be reborrowed.
Delayed Draw Term Commitments. Subject to the terms and conditions hereof, each Delayed-Draw Term Lender as of the Closing Date severally agrees to make term loans (each, a “Delayed-Draw Term Loan”) to the Borrower from time to time during the Delayed-Draw Availability Period in an amount that will not result in the Delayed-Draw Term Loans of such Delayed-Draw Term Lender exceeding the Delayed-Draw Commitment of such Delayed-Draw Term Lender. The Delayed-Draw Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10.
Delayed Draw Term Commitments. As of the date hereof, the Delayed Draw Term Commitments shall have been utilized or expired.
