Delayed Draw Funding Date definition
Examples of Delayed Draw Funding Date in a sentence
Before 11:00 a.m. (New York City time) on the scheduled Delayed Draw Funding Date, each Lender shall make available for the account of its Lending Office to the Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s Commitment Share for the Delayed Draw Loans requested.
The Notice of Delayed Drawdown shall specify (i) the scheduled Delayed Draw Funding Date and (ii) the aggregate amount of the Delayed Draw Loans.
After the Delayed Draw Funding Date, any Lender may sell to one or more Persons (each a “Participant”) participating interests in the interests of such Lender hereunder.
After the Administrative Agent’s receipt of such funds and upon 4 VP/#73041968.6 fulfillment or waiver of the applicable conditions for the Delayed Draw Funding Date set forth in Article VI as determined by the Administrative Agent acting at the direction of the Lenders, the Administrative Agent shall transfer such funds to such bank account as shall have been designated by Borrower to the Administrative Agent prior to the Delayed Draw Funding Date.
Following the Delayed Draw Funding Date, each Loan shall amortize quarterly on each Payment Date in accordance with such updated amortization schedule.