Delayed Draw Facility definition

Delayed Draw Facility means our $40.0 million delayed draw term loan facility, pursuant to an amended and restated first lien credit agreement entered into on May 14, 2019;

Delayed Draw Facility means that certain Loan Agreement, dated as of January 25, 2023 (as amended, modified or restated from time to time), among the Company, the various institutions party thereto from time to time and X.X. Xxxxxx Xxxxx Bank, N.A., as administrative agent.

Delayed Draw Facility means the $263 million Delayed Draw Senior Tranche B Term Loan Facility under the Credit Agreement.

Examples of Delayed Draw Facility in a sentence

• The rate of interest on any borrowing under the Delayed Draw Facility is dependent on the type of drawdown, conversion or rollover that is chosen.

• The Company may make drawdowns, conversions and rollovers under the Delayed Draw Facility in Canadian dollars, by way of Prime Rate Advances or BA and BA Equivalent Notes to finance acquisitions, capital expenditures and the payment of earn-out obligations.

• On July 20, 2022, the Company and Lenders entered into an Amended and Restated Credit Agreement (the “Amended Credit Agreement”) to increase the amounts available to be drawn down under the Revolving Facility to $150.0 million and the Delayed Draw Facility to $700.0 million.

• Any amounts undrawn under the Delayed Draw Facility as of June 24, 2023 will no longer be available to the Company.

• If and when the Delayed Draw Facility is fully drawn by the Company, the Company will recognize the remaining unamortized prepaid asset net against the carrying amount of the borrowing.

More Definitions of Delayed Draw Facility

Delayed Draw Facility means a delayed draw term loan facility in the aggregate principal amount equal to the Delayed Draw Facility Commitments of the Lenders, which facility may be made available, after the Closing Date, by Lenders with Delayed Draw Facility Commitments to the Borrower pursuant to Section 2.1(3).

Delayed Draw Facility means that certain Loan Agreement, dated as of January 25, 2023 (as amended, modified or restated from time to time), among the Corporation, the various institutions party thereto from time to time and J.P. Morgan Chase Bank, N.A., as administrative agent.

Delayed Draw Facility means the Delayed Draw Commitments and the Delayed Draw Term Loans made thereunder by the Delayed Draw Lenders.

Delayed Draw Facility means the Delayed Draw Commitment of Lenders and the provisions herein relating to the Delayed Draw Loans made by the Lenders with Delayed Draw Commitments. The aggregate amount of the Delayed Draw Commitments as of the Effective Date is $250,000,000.

Delayed Draw Facility means the senior secured mortgage term loan facility described in Section 2.03.1(a) providing for Delayed Draw Loans to the applicable Mortgage Loan Borrowers by the Mortgage Loan Lenders, as such facility may be increased or decreased pursuant to the terms hereof. Notwithstanding anything hereunder to the contrary, references hereunder to the Delayed Draw Facility shall be deemed to be a reference to an individual Class of Delayed Draw Loans under the Delayed Draw Facility, or all Classes of Delayed Draw Loans under the Delayed Draw Facility, as the context requires.

Delayed Draw Facility has the meaning specified in the Recitals.

Delayed Draw Facility means the senior secured mortgage term loan facility described in Section 2.03.1(a) providing for Delayed Draw Loans to the applicable Mortgage Loan Borrowers by the Mortgage Loan Lenders, as such facility may be increased or decreased pursuant to the terms hereof. Notwithstanding anything hereunder to the contrary, references hereunder to the Delayed Draw Facility shall be deemed to be a reference to an individual Class of Delayed Draw Loans under the Delayed Draw Facility, or all Classes of Delayed Draw Loans under the Delayed Draw Facility, as the context requires. ​ ​ ​