Delayed Draw Lenders definition

Delayed Draw Lenders means, (a) on the Closing Date, each of the Lenders listed on the Commitment Annex under the column “Delayed Draw Lender” and (b) after the Closing Date, any existing Delayed Draw Lender pursuant to clause (a) above and an Eligible Assignee to whom an existing Delayed Draw Lender assigns all or a portion of its Delayed Draw Term Loans pursuant to the terms of an effective Assignment Agreement.
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Delayed Draw Lenders means the Persons listed on Annex I with a Delayed Draw Commitment and any Person with a Delayed Draw Commitment that shall have become a party hereto pursuant to an assignment and assumption.
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Delayed Draw Lenders each Lender that has a Delayed Draw Commitment or a Term A-1 Loan.
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Examples of Delayed Draw Lenders in a sentence

  • Each borrowing of the Delayed Draw Term Loans shall be made by the Delayed Draw Lenders pro rata on the basis of their Delayed Draw Commitment.

  • Notwithstanding the foregoing to the contrary, the aggregate principal amount of DIP Delayed Draw Term Loans that constitute PIK Amounts shall not be included in the determination of the DIP Delayed Draw Term Loan Commitments of the DIP Delayed Draw Lenders for all purposes of this Agreement and as such shall not limit availability under the DIP Delayed Draw Term Loan Commitment for purposes of funding DIP Delayed Draw Term Loans.

  • Subject to Sections 2.6(c)(vi) and 2.10, each payment and prepayment of the principal of the DIP Delayed Draw Term Loans and each payment of interest on the DIP Delayed Draw Term Loans received by the Agent from the Borrower shall be made by the Agent to the DIP Delayed Draw Lenders pro rata on the basis of their respective unpaid principal amounts of DIP Delayed Draw Term Loans outstanding immediately prior to such payment or prepayment.

  • Use of low Impact Design methods such as bioretention areas, bioswales and infiltration trenches.

  • The Additional Delayed Draw Lenders party hereto, the Agent and each Credit Party agree that this Section 2 of this Second Amendment is necessary and appropriate, in each of their reasonable opinions, to effect the provisions of Section 2.24 of the Credit Agreement and shall constitute an “Incremental Amendment” pursuant to and in accordance with Section 2.24(f) of the Credit Agreement.

  • If any reimbursement of any LC Disbursement is funded by the Delayed Draw Lenders pursuant to a Delayed Draw Loan, then, to the extent permitted by applicable law, the Borrower’s obligation to reimburse the Issuing Bank and the Lenders’ participation obligations in respect of the applicable Letters of Credit shall be elevated and replaced by the resulting Delayed Draw Loan.

  • The Borrower may, upon five (5) Business Days’ prior written notice to the Agent and the DIP Delayed Draw Lenders, irrevocably reduce the aggregate amount of the DIP Delayed Draw Term Loan Commitments.

  • No Lender shall have any right of action whatsoever against any Agent as a result of such Agent acting or (where so instructed) refraining from acting hereunder or any of the other Credit Documents in accordance with the instructions of the Required Lenders, the Required Revolving Lenders or the Required Delayed Draw Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).

  • Subject to the terms and conditions set forth herein, the Delayed Draw Lenders severally and not jointly agreed to make term loans in Dollars (each, a “Term A-1 Term Loan”) to the Company during the Delayed Draw Commitment Period in a single draw in an amount for each Delayed Draw Lender not to exceed the Delayed Draw Commitment of such Lender.

  • Each reduction, and any termination, of the Delayed Draw Commitments shall be permanent and each reduction of the Delayed Draw Commitments shall be made ratably among the Delayed Draw Lenders in accordance with their respective Delayed Draw Commitments.


More Definitions of Delayed Draw Lenders

Delayed Draw Lenders means at any time, any Lender that has a Delayed Draw Commitment or a Delayed Draw Loan outstanding at such time.
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Delayed Draw Lenders means, as of any date of determination, Lenders having a Delayed Draw Commitment, or after the Delayed Draw Commitments have terminated, Lenders holding any portion of the outstanding Delayed Draw Loan.
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Delayed Draw Lenders means, collectively, each Person with a Delayed Draw Commitment and/or that holds a Delayed Draw Loan made to the Borrower pursuant to Section 2.01(b) and, in each case, any assignee thereof that shall have become a party hereto pursuant an Assignment and Assumption.
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Related to Delayed Draw Lenders

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Tranche A Lenders means, collectively, the Lenders having a Tranche A Commitment or all or a portion of the Tranche A Loans owing to it; sometimes being referred to herein individually as a “Tranche A Lender”.

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Term A Lender means, at any time, any Lender that has a Term A Commitment or a Term A Loan at such time.

  • Tranche C Lender means each Lender that has a Tranche C Commitment on Schedule 2.1 or any Lender to which a portion of the Tranche C Commitment hereunder has been assigned pursuant to an Assignment and Assumption.

  • Delayed Draw Funding Date means any date on which the Delayed Draw Term Loans are funded hereunder, which shall in no event be later than the Delayed Draw Term Loan Commitment Termination Date.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.