Delayed Draw Loan Commitment definition

Delayed Draw Loan Commitment means, collectively, (a) the Initial Delayed Draw Loan Commitment and (b) the Incremental Commitment.

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Delayed Draw Loan Commitment means, as to each Lender, its obligation to make a Delayed Draw Loan to the Borrower from time to time pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement; provided, that (a) the aggregate principal amount of the Lenders’ Delayed Draw Loan Commitments shall not exceed $195,000,000 and (b) concurrently with any repayment or prepayment of any Delayed Draw Loans (other than any repayment or prepayment during the Availability Period pursuant to Section 4.03(b) or Section 4.03(c)), the Delayed Draw Loan Commitments of the Lenders shall be reduced in an amount equal to such repayment or prepayment which reduction shall be applied among the Lenders on a pro rata basis.

Examples of Delayed Draw Loan Commitment in a sentence

Subject to the terms and conditions set forth herein, each Delayed Draw Lender agrees severally, and not jointly, to make such Delayed Draw Loan to the Borrower in a principal amount not to exceed its Delayed Draw Loan Commitment.
The “Class” of a Loan refers to whether such Loan is a Delayed Draw Loan or an LC Loan and, when used in reference to any Commitment, refers to whether such Commitment is a Delayed Draw Loan Commitment or a LC Commitment.
Any Delayed Draw Loan Commitment that remains unused as of the Delayed Draw Termination Date shall terminate on such date.
Each Lender severally agrees, subject ----------------------- to the limitations set forth below with respect to the maximum amount of Term Delayed Draw Loans, to lend to Company from time to time during the period from the Closing Date to but excluding the Term Delayed Draw Loan Commitment Termination Date an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Term Delayed Draw Loan Commitments, to be used for the purposes identified in subsection 2.5B.
Each Lender's Term Delayed Draw Loan Commitment shall expire on the Term Delayed Draw Loan Commitment Termination Date to the extent that Term Delayed Draw Loans have not been made on or before that date.
The Delayed Draw Loan Commitment Amount shall automatically and permanently be reduced to zero on the earlier to occur of the Delayed Draw Date and the Delayed Draw Commitment Expiration Date.
All of the foregoing commitment fees ----------------------- shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall be payable quarterly in arrears on the last Business Day in each of March, June, September and December of each year, commencing in September 1999, and on the Revolving Loan Commitment Termination Date and the Term Delayed Draw Loan Commitment Termination Date.
Company's notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitments or the Term Delayed Draw Loan Commitments shall be effective on the date specified in such notice and shall reduce the Revolving Loan Commitment or the Term Delayed Draw Loan Commitment, respectively, of each Lender proportionately to its respective Pro Rata Share.
Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Delayed Draw Loan Commitment of each Lender then in effect on a pro rata basis.
Each Delayed Draw Lender’s Delayed Draw Loan Commitment shall expire on the last day of the Availability Period after giving effect to any funding of such Delayed Draw Lender’s Delayed Draw Loan Commitment on such date.

More Definitions of Delayed Draw Loan Commitment

Delayed Draw Loan Commitment means, as to each Lender, the commitment of such Lender to make Delayed Draw Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount as set forth opposite such Lender’s name on Schedule 2.01 under the caption “Delayed Draw Loan Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time pursuant to assignments by or to such Lender pursuant to Section 2.17 or Section 10.04. The aggregate amount of the Lenders’ Delayed Draw Loan Commitments as of the Effective Date is $250,000,000.

Delayed Draw Loan Commitment means, with respect to any Lender, the amount set forth on Schedule 2.01 under the heading “Delayed Draw Loan Commitment”. The aggregate principal amount of the Delayed Draw Loan Commitments on the date hereof is $2,600,000,000. “Delayed Draw Loan Facility” shall mean the Delayed Draw Loan Commitments and the Delayed Draw Loans. “Delayed Draw Loans” shall mean the term loans made by the Lenders to the Borrowers from time to time pursuant to Section 2.01. “Dell GPU Servers” shall mean any graphics processing units servers directly or indirectly purchased by, or transferred to, the Co-Borrower to the extent contemplated under the purchase orders with respect to the Dell Lease Agreement in connection with the Project (including any replacements or substitutions of any such graphics processing unit servers). “Dell Lease Agreement” shall mean that certain Framework Lease Agreement No. 616632-89282 between Parent and DFS, dated as of August 30, 2023, as amended from time to time, including by that certain Amendment No. 3 to the Framework Lease Agreement No. 616632-89282, dated as of May 2, 2025, between Parent, CoreWeave Compute Acquisition Co. VI, LLC, a Delaware limited liability company (“CCAC VI”) and DFS. “Depositary Bank” shall have the meaning assigned to such term in the introductory paragraph of this Agreement. “DFS” shall mean Dell Financial Services L.L.C. “Disposition” or “Dispose” shall mean the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith; provided that “Disposition” and “Dispose” shall not be deemed to (a) include any issuance by any Borrower of any of its Equity Interests to the Pledgor or (b) any sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any Dell GPU Servers; provided, further, that no withdrawals or transfers from General Accounts or dispositions of General Accounts shall constitute a Disposition hereunder. “Disqualified Lender” shall mean: (a) those Persons identified by the Initial Borrower to the Administrative Agent in writing on or prior to the date hereof;

Delayed Draw Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Delayed Draw Loans in accordance with the provisions of Section 2.1(b), in an aggregate principal amount not to exceed such Lender’s Delayed Draw Loan Committed Amount.

Delayed Draw Loan Commitment means any financing arrangement that (a) requires the Company to make one or more future advances to the relevant issuer under the Underlying Loan and Security Agreement relating thereto and (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates.