Common use of Delayed Draw Term Loan Clause in Contracts

Delayed Draw Term Loan. Subject to the terms and conditions set forth herein, each Lender with a Delayed Draw Term Loan Commitment severally agrees to make its portion of a term loan (the “Delayed Draw Term Loan”) to the Company in Dollars in a single advance during the Availability Period in an amount not to exceed such Lender’s Delayed Draw Term Loan Commitment. Amounts repaid on the Delayed Draw Term Loan may not be reborrowed. The Delayed Draw Term Loan may consist of Base Rate Loans or Eurocurrency Rate Loans, or a combination thereof, as further provided herein.

Delayed Draw Term Loan. Subject to the terms and conditions set forth herein, each Lender with a Delayed Draw Term Loan Commitment severally agrees to make its portion of a term loan (the “Delayed Draw Term Loan”) to the Company Borrower in Dollars in a single advance up to four advances during the Availability Period in an amount not to exceed such Lender’s Delayed Draw Term Loan Commitment. Amounts repaid on the Delayed Draw Term Loan may not be reborrowed. The Delayed Draw Term Loan may consist of Base Rate Loans or Eurocurrency Eurodollar Rate Loans, or a combination thereof, as further provided herein.

Delayed Draw Term Loan. Subject to the terms and conditions set forth herein, each Lender with a Delayed Draw Term Loan Commitment severally hereby agrees to make its portion of a delayed draw term loan (the “Delayed Draw Term Loan”) to the Company Parent Borrower in Dollars in a single one (1) advance during the DDTL Availability Period in an amount not equal to exceed such LenderXxxxxx’s Delayed Draw Term Loan DDTL Commitment. Amounts repaid on the Delayed Draw Term Loan may not be reborrowed. The Delayed Draw Term Loan may consist of Base Rate ABR Loans or Eurocurrency Rate Loans, Eurodollar Loans (or a combination thereof), as further provided herein.