Delayed Draw Conditions definition
Examples of Delayed Draw Conditions in a sentence
Subject to the terms and conditions hereof and the satisfaction of the Delayed Draw Conditions, each Lender severally agrees to make, during the Delayed Draw Period, one or more Delayed Draw Term Loans to the Borrower in an aggregate amount not to exceed such Lender’s Delayed Draw Term Loan Commitment.
CONDITIONS PRECEDENT 61 Section 8.1 Closing Date Conditions 61 Section 8.2 Delayed Draw Conditions 65 ARTICLE IX.
Upon full satisfaction of the Delayed Draw Conditions, the Parent Guarantor or the Issuer shall deliver to the Trustee the Delayed Draw Certificate, and any Liens on the Delayed Draw Account shall be released and discharged with effect from the Delayed Draw Release Date, and the Parent Guarantor or the Issuer shall be permitted to withdraw or transfer any amounts from the Delayed Draw Account.