Common use of Delayed Draw Term Loans Clause in Contracts

Delayed Draw Term Loans. Subject to the terms and conditions of this Agreement, including Section 2.2, and in reliance upon the representations and warranties of the Borrowers contained herein, each Term Lender agrees (severally, not jointly or jointly and severally) to make additional Term Loans (the “Delayed Draw Term Loans” and such loans comprising the “DDTL Facility”) during the DDTL Availability Period to Borrowers, in an aggregate principal amount not to exceed the amount of such Term Lender’s then outstanding Delayed Draw Term Loan Commitment; provided, that after giving effect to the making of such Delayed Draw Term Loan, in no event shall the aggregate Term Loans outstanding exceed the Borrowing Base then in effect. Each Term Lender’s Delayed Draw Term Loan Commitment shall be permanently reduced immediately and without further action upon the making of the Delayed Draw Term Loan in an amount equal to the amount of such Term Lender’s Pro Rata Percentage of such Delayed Draw Term Loan. Any principal amount of the Delayed Draw Term Loan which is repaid or prepaid may not be reborrowed.

Delayed Draw Term Loans. (i) Subject to the terms and conditions of this Agreementset forth herein, including the conditions set forth in Section 2.2, and in reliance upon the representations and warranties of the Borrowers contained herein3.2, each Term Lender severally agrees (severally, not jointly or jointly and severally) to make additional Term Loans its portion of a term loan denominated in Dollars (the “Delayed Draw Term Loans” and such loans comprising Loan”), ratably in proportion to its Pro Rata Share of the Delayed Draw Term Loan Commitments, to the Borrower, on a date specified by the Borrower during the Delayed Draw Term Loan Availability Period (the “DDTL FacilityDelayed Draw Term Loan Funding Date”) during the DDTL Availability Period to Borrowers), in an aggregate principal amount outstanding at any time that will not to exceed result in (a) the outstanding amount of such Term Lender’s then outstanding Delayed Draw Term Loan Commitment; provided, that after giving effect to the making of such Delayed Draw Term Loan, in no event shall the aggregate Term Loans outstanding exceed the Borrowing Base then in effect. Each Term Lender’s Delayed Draw Term Loan exceeding such Lender’s Delayed Draw Term Commitment shall be permanently reduced immediately and without further action upon or (b) the making aggregate outstanding amount of all Lenders’ Delayed Draw Term Loan exceeding the aggregate Delayed Draw Term Loan Commitments. Amounts repaid on the Delayed Draw Term Loan in an amount equal to the amount of such Term Lender’s Pro Rata Percentage of such Delayed Draw Term Loan. Any principal amount of the Delayed Draw Term Loan which is repaid or prepaid may not be reborrowed.

Delayed Draw Term Loans. Subject to the terms and conditions of this Agreement, including Section 2.2, and in reliance upon the representations and warranties of the Borrowers contained herein, each Each Delayed Draw Term Lender agrees (severally, not jointly or jointly and severally) ), subject to the terms and conditions of this Agreement, to make additional Term Loans term loans (the “Delayed Draw Term Loans” and such loans comprising the “DDTL Facility”) to the Borrowers in Dollars, from time to time during the DDTL Delayed Draw Availability Period Period, at the Borrower Agent’s request to Borrowersthe Agent, in an aggregate principal amount at any one time outstanding not to exceed the amount of such Term Lender’s then outstanding Delayed Draw Term Loan Commitment; provided, provided that each of the applicable Delayed Draw Extension Conditions shall be satisfied immediately after giving effect to the making of any such Delayed Draw Term LoanLoans. Within the foregoing limits and subject to the terms and conditions set forth herein, in no event shall the aggregate Term Loans outstanding exceed the Borrowing Base then in effect. Each Term Lender’s Delayed Draw Term Loan Commitment shall Loans may be permanently reduced immediately borrowed, paid, repaid and without further action upon reborrowed (provided, however, that, for the making avoidance of the doubt, Delayed Draw Term Loan in an amount equal to Loans that are repaid after the amount of such Term Lender’s Pro Rata Percentage of such Delayed Draw Term LoanAmendment No. Any principal amount of the Delayed Draw Term Loan which is repaid or prepaid 3 Effective Date may not be reborrowed). All Delayed Draw Term Loans shall be denominated in Dollars and shall be repaid in Dollars.

Delayed Draw Term Loans. (a) Subject to the terms and conditions of this Agreement, Agreement including Section 2.2, Sections 3.2 and in reliance upon the representations and warranties of the Borrowers contained herein3.3, each Term Lender agrees (severally, not jointly or jointly and severally) with a First Delayed Draw Term Loan Commitment agrees to make additional Term Loans (the “First Delayed Draw Term LoansLoan” and such loans comprising the “DDTL First Delayed Draw Term Loan Facility”” ) during the First DDTL Availability Period to BorrowersBorrower, in an aggregate principal amount not to exceed the amount of such Term Lender’s then outstanding First Delayed Draw Term Loan Commitment; provided, that after giving effect to the making of such First Delayed Draw Term Loan, in no event shall the aggregate Term Loans outstanding exceed the DDTL Borrowing Base then in effect. Each Term Lender’s First Delayed Draw Term Loan Commitment shall be permanently reduced immediately and without further action upon the making of the First Delayed Draw Term Loan in an amount equal to the amount of such Term Lender’s Pro Rata Percentage Share of such Delayed Draw Term Loan. Any principal amount of the First Delayed Draw Term Loan which is repaid or prepaid may not be reborrowed.