Examples of Additional Delayed Draw Term Loan in a sentence
Subject to the terms and conditions of this Agreement, on a single Business Day selected by Borrower on or before the Additional Delayed Draw Term Loan Commitment Termination Date, each Lender with an Additional Delayed Draw Term Loan Commitment agrees (severally, not jointly or jointly and severally) to make a term loan (the “Additional Delayed Draw Term Loan”) to Borrower in an aggregate principal amount not to exceed such Lender’s Pro Rata Share of the Additional Delayed Draw Term Loan Commitment.
The Additional Delayed Draw Term Loan Commitments shall terminate upon the earlier of (A) the making of the Additional Delayed Draw Term Loan on the applicable Funding Date and (B) the Additional Delayed Draw Term Loan Commitment Termination Date.
The Additional Delayed Draw Term Loan may be funded at Borrower’s request in one Advance made during the Additional Availability Period and repaid in accordance with the terms of this Agreement and the Additional Delayed Draw Term Loan Note.
No assignment of this Additional Delayed Draw Term Loan Note and the obligation evidenced hereby (whether in whole or in part) shall be effective unless it shall have been recorded in the Register by the Administrative Agent in accordance with the terms of the Credit Agreement.
Xxxxxxxx has executed or caused this Additional Delayed Draw Term Loan Note to be executed by its duly authorized officer as of the year and day first written above.
Any voluntary prepayments of any Term Loan, [**] Delayed Draw Term Loan or Additional Delayed Draw Term Loan pursuant to Section 2.11(a)(ii) shall be applied as directed by Company, and if Company does not provide any direction, ratably to the Term Loans, the [**] Delayed Draw Term Loans and the Additional Delayed Draw Term Loans.
Nothing in this Section 2.3(b) shall be deemed to relieve any Lender from its obligation to fulfill its Term Loan Commitments, [**] Delayed Draw Term Loan Commitments, Additional Delayed Draw Term Loan Commitments, and Revolving Commitments hereunder or to prejudice any rights that Company may have against any Lender as a result of any default by such Lender hereunder.
Each Lender’s Additional Delayed Draw Term Loan Commitment shall reduce by the amount of each Additional Delayed Draw Term Loan that is made and shall expire on the Additional Delayed Draw Term Loan Commitment Termination Date.
Xxxxxxxx Title: Assistant Vice President Caterpillar Financial Services Corporation, as a Lender and as an Additional Delayed Draw Term Loan Lender By: /s/ R.
Except as otherwise provided in the Credit Agreement, each Person composing the Company hereby waives presentment, demand, notice, protest and all other demands and notices in connection with the execution, delivery, acceptance, performance, default or enforcement of this Additional Delayed Draw Term Loan Note.