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.

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.

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

Examples of Delayed Draw Commitments in a sentence

• Notwithstanding the foregoing, on the Tranche B Delayed Draw Outside Date, all outstanding Tranche B Delayed Draw Commitments shall automatically terminate if the Tranche B Delayed Draw Closing Date shall not have occurred on or prior to the Tranche B Delayed Draw Outside Date.

• In the absence of reliable and comparable administrative data on health states across sick funds, we recommend using the CBS Health Survey as the primary source of this information.

• Notwithstanding anything to the contrary set forth herein, the failure by any Purchaser replaced pursuant to this Section 12.13 to execute and deliver an Assignment and Assumption shall not impair the validity of the removal of such Purchaser and the mandatory assignment of such Purchaser’s Delayed Draw Commitments and outstanding Notes pursuant to this Section 12.13 shall nevertheless be effective without the execution by such Purchaser of an Assignment and Assumption.

• Notwithstanding the foregoing, the Delayed Draw Term Loans shall be available in Borrowings of not less than (i) $1,000,000, or (ii) if in excess thereof, a whole multiple of $500,000 or, if less, the unfunded Delayed Draw Commitments then outstanding.

• The Delayed Draw Commitment of each Term Lender shall be automatically and permanently reduced upon the making of any of such Term Lender’s Delayed Draw Term Loans, in the principal amount of such Delayed Draw Term Loans so made, and the Delayed Draw Commitments (to the extent not then already reduced) shall terminate on the Delayed Draw Commitment Termination Date.

More Definitions of Delayed Draw Commitments

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, collectively, the aggregate amount of such commitments of all Lenders.

Delayed Draw Commitments has the meaning assigned to that term in subsection 2.3A(ii).

Delayed Draw Commitments the collective reference to the Delayed Draw A Commitments and the Delayed Draw B Commitments.

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.

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).