Examples of Delayed Draw Amount in a sentence
In addition, at the written request and in the sole discretion of the Borrower (subject to Section 5.31) from time to time after the Closing Date, the Lender shall make one or more additional loans (which will constitute Tranche B Loans) to the Borrower in an aggregate principal amount not to exceed the Delayed Draw Amount (each, a “Delayed Draw Loan”).
On the Delayed Draw Date, (a) the Affiliate Purchase shall be consummated simultaneously with the funding of the Delayed Draw Amount and (b) the Joint Lead Arrangers shall receive all fees, costs and expenses owing to them, including, without limitation, pursuant to the terms of their fee letter with the Borrower, dated January 8, 2007.
Upon the reduction of the Delayed Draw Amount to $0, the Commitment shall terminate.
New Money Backstop Creditors and the Initial Consenting Creditors will also receive a commitment fee of 3.0% payable in cash on their pro rata share of the Delayed Draw Amount as well as a drawdown fee of 1.5% payable in cash on their pro rata share of the Delayed Draw Amount when issued.
The Aggregate Commitments shall be terminated (i) as to the Initial Funding Amount, at 2:00 p.m. on the Closing Date; (ii) as to the Delayed Draw Amount, on the earlier of (A) the date that any portion of the Delayed Draw Amount is disbursed to the Borrower and (B) the expiration of the Availability Period; and (iii) as to any increase in the Aggregate Commitments pursuant to Section 2.14, at 2:00 p.m. on such Increase Effective Date.