Delayed Draw Borrowing definition

Delayed Draw Borrowing means a Borrowing in respect of a Class of Delayed Draw Term Loans.
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Delayed Draw Borrowing means a Borrowing comprised of Delayed Draw Loans.
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Delayed Draw Borrowing means a Borrowing comprised of Delayed Draw Loans. “Delayed Draw Commitment” means, with respect to each Lender, the commitment, if any,
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Examples of Delayed Draw Borrowing in a sentence

  • The Delayed Draw Borrowing Request shall be irrevocable and binding on Borrower and shall obligate Borrower to accept the Delayed Draw Term Loans requested from the Lenders on the proposed funding date.

  • No Delayed Draw Term Loan shall be made until after receipt by Agent of the Delayed Draw Borrowing Request which contains the calculation of the Delayed Draw Term Loan Available Amount.

  • If the Borrower fails to specify a Type of Loan in a Committed Loan Notice (other than in the case of a Delayed Draw Borrowing) or fail to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made or continued as, or converted to Base Rate Loans; provided, that, notwithstanding anything herein to the contrary, all Loans denominated in a currency other than Dollars or Sterling shall be Eurocurrency Rate Loans.

  • Not later than 10:00 a.m., New York City time on the Fifth Amendment and Restatement Effective Date or Delayed Draw Borrowing Date, as applicable, each Term Lender shall make available to the Administrative Agent at the applicable Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Lender.

  • To the extent not borrowed on the Delayed Draw Borrowing Date, such unused Delayed Draw Commitments shall be terminated in full on the Delayed Draw Borrowing Date.

  • Each Delayed Draw Tranche A Lender’s Delayed Draw Tranche A Term Loan Commitment shall terminate immediately and without further action on the Delayed Draw Borrowing Date after giving effect to the funding of such Delayed Draw Tranche A Lender’s Delayed Draw Tranche A Term Loan Commitment on the Delayed Draw Borrowing Date.

  • For the avoidance of doubt, the New 2014 Initial Term Loans made on the Incremental Amendment No. 1 Effective Date and New 2014 Delayed Draw Term Loans made on the Delayed Draw Borrowing Date shall each (x) constitute Initial Term Loans for all purposes of this Agreement, (y) mature and become due and payable on the Maturity Date for the Initial Term Loans and (z) be repaid in quarterly installments in accordance with this Section 2.05.

  • Each Term Loan of each Term Lender shall mature in 20 consecutive quarterly installments, each of which shall be in an amount equal to the product of such Lender’s Term Percentage, as applicable, multiplied by (i) the Amortization Percentage set forth below opposite such installment and (ii) the initial principal amount of the Term Loans borrowed on the Fifth Amendment and Restatement Effective Date and Delayed Draw Borrowing Date.

  • Although the Expiration Time occurs prior to the Delayed Draw Borrowing Date, it is important to note that the closing of the Opportunity and this syndication will occur after the Delayed Draw Borrowing Date, which is expected to occur within five (5) Business Days following entry of the Final Financing Order (as such date may be extended pursuant to the DIP Credit Agreement).

  • The Initial Loans and, if the Delayed Draw Borrowing Date occurs within two days of the Effective Date, the Delayed Draw Loans, shall initially be ABR Loans.


More Definitions of Delayed Draw Borrowing

Delayed Draw Borrowing means a borrowing consisting of simultaneous ---------------------- Delayed-Draw Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Delayed-Draw Lenders pursuant to Section 2.01(a)(iv). -------------------
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Delayed Draw Borrowing means the Borrowing relating to the Delayed Draw Advances.
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Delayed Draw Borrowing means a borrowing comprised of Delayed-Draw Term Loans.
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Delayed Draw Borrowing means a Borrowing comprised of Delayed Draw Loans. “Delayed Draw Commitment” means, with respect to each Lender, the commitment, ifany, of such Lender to make Delayed Draw Loans hereunder up to the amount set forth on Schedule I, or in the Assignment and Assumption pursuant to which such Lender assumed its Delayed Draw Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.06. The aggregate amount of the Delayed Draw Commitments on the Closing Date is $40,000,000.
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Delayed Draw Borrowing has the meaning assigned thereto in Section 4.1(b).
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Related to Delayed Draw Borrowing

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Term SOFR Borrowing means, as to any Borrowing, the Term SOFR Loans comprising such Borrowing.

  • Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.

  • Delayed Draw Funding Date means any date on which the Delayed Draw Term Loans are funded hereunder, which shall in no event be later than the Delayed Draw Term Loan Commitment Termination Date.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Initial Revolving Borrowing means one or more borrowings of Dollar Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date in an amount not to exceed the aggregate amounts specified or referred to in the definition of “Permitted Initial Revolving Borrowing Purposes.”

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.