Delayed Draw Commitments definition

Delayed Draw Commitments means the amount in Dollars set opposite each Lender’s name under the heading “Delayed Draw Commitments” in Schedule 1.01(a) or in an Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed or reduced from time to time pursuant to the terms hereof. The aggregate amount of the Delayed Draw Commitments on the Closing Date is $75,000,000.

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Delayed Draw Commitments means the First Delayed Draw Commitment and the Second Delayed Draw Commitment.

Delayed Draw Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender's Delayed Draw Commitment, if any, is set forth in Appendix A-1 or in the applicable Assignment Agreement subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Commitments as of the Closing Date is $50,000,000.

Examples of Delayed Draw Commitments in a sentence

The Second Tranche Delayed Draw Commitments of each Lender having a Second Tranche Delayed Draw Commitment will be automatically and permanently terminated upon the Second Tranche Delayed Draw Commitment Termination Date.
The Third Tranche Delayed Draw Commitments of each Lender having a Third Tranche Delayed Draw Commitment will be automatically and permanently terminated upon the Third Tranche Delayed Draw Commitment Termination Date.
The obligation of the Lenders to make the Second Tranche Delayed Draw Commitments shall be subject to the prior making of the Initial Loan, the delivery of a Borrowing Notice for such Second Tranche Delayed Draw Loan as required pursuant to Section 2.02(a), and the satisfaction of each of the conditions precedent set forth below in this Section 6.02.
The obligation of the Lenders to make the Third Tranche Delayed Draw Commitments shall be subject to the prior making of the Initial Loan, the delivery of a Borrowing Notice for such Third Tranche Delayed Draw Loan as required pursuant to Section 2.02(a), and the satisfaction of each of the conditions precedent set forth below in this Section 6.02.

More Definitions of Delayed Draw Commitments

Delayed Draw Commitments means the Delayed Draw I Commitments and the ------------------------ Delayed Draw II Commitments.

Delayed Draw Commitments means the aggregate of such commitments for all Lenders.

Delayed Draw Commitments with respect to each Delayed Draw Lender, the commitment, if any, of such Delayed Draw Lender to make a Term A-1 Loan hereunder on the Delayed Draw Funding Date in the amount not to exceed such Delayed Draw Lender’s Delayed Draw Commitment as set forth on Schedule I of Amendment No. 5 under the caption “Delayed Draw Commitments.”. As of the Amendment No. 5 Effective Date, the aggregate amount of the Delayed Draw Commitments iswas equal to $280,000,000, which amount will be reduced in accordance with Section 2.10(a) and the terms hereof.

Delayed Draw Commitments means, with respect to each Lender, the obligation of such Lender to make Second Tranche Delayed Draw Loans and Third Tranche Delayed Draw Loans to the Borrower on each Second Tranche Delayed Draw Date and Third Tranche Delayed Draw Date, as applicable, in accordance with the terms and conditions of this Agreement, which commitment is in the amount set forth opposite such Lender’s name on Schedule 1 under the caption “Second Tranche Delayed Draw Loan Commitments” or “Third Tranche Delayed Draw Loan Commitments”, as applicable, as such Schedule may be amended from time to time pursuant to an Assignment and Assumption or otherwise. The aggregate Delayed Draw Commitments of all Lenders on the Closing Date equals $20,000,000.

Delayed Draw Commitments. Unused delayed-draw commitments in respect of the DIP Term Loans shall be rolled into delayed-draw commitments in respect of the New First Out Loans, the proceeds of which shall be used to fund value creation. For the avoidance of doubt, the availability of such delayed-draw commitments in respect of the New First Lien Loans shall not be subject to consent of the Lenders of the New First Out Loans assuming satisfaction of customary conditions to draw. Any unused delayed draw commitments of the New First Out Loans shall terminate on the first (1st) anniversary of the Effective Date. Maturity: 4 years after the Effective Date. Interest Rate: SOFR (2.50% floor) + 10.00% per annum (100% PIK during year 1, at least 75% PIK (with remainder to be PIK or paid in cash at option of the Borrower) during year 2 and at least 50% PIK (with remainder to be PIK or paid in cash at option of the Borrower) thereafter).

Delayed Draw Commitments means, with respect to each Lender, the amount indicated next to such Lender’s name on Schedule 2.1 hereto in the column titled “Delayed Draw Commitment”.

Delayed Draw Commitments shall have the meaning set forth in the definition of Commitment.