Delayed Draw Loans definition

Delayed Draw Loans has the meaning specified in Section 2.01(b).
Delayed Draw Loans means term loans made by the Delayed Draw Lenders pursuant to Section 2.01(b).
Delayed Draw Loans. See §2.1(b).

Examples of Delayed Draw Loans in a sentence

  • The Borrower will use the proceeds of the Advances only to originate or acquire Loans, to fund draws under Delayed Draw Loans and Revolving Loans, to make distributions to its member in accordance with the terms hereof or to pay related expenses (including expenses payable hereunder).

  • The Borrower will use the proceeds of the Advances only to originate or acquire Loans (including to fund Delayed Draw Loans and Revolving Loans), to make distributions to its member in accordance with the terms hereof or to pay related expenses (including expenses payable hereunder).

  • Subject to the terms and conditions set forth herein, each Lender severally agrees (a) to make a single Initial Loan on the Funding Date to the Borrower, in an amount equal to its Initial Loan Commitment and (b) to make Delayed Draw Loans to the Borrower, at any time and from time to time during the Delayed Draw Availability Period in accordance with the terms hereof, in an amount that will not exceed such Lender’s Delayed Draw Commitment.

  • Following the making of any Delayed Draw Loans by a Lender, the Delayed Draw Commitment of such Lender shall be reduced by the amount of such Delayed Draw Loans so made.

  • The Delayed Draw Commitments shall be reduced by each funding of Delayed Draw Loans, and amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed.


More Definitions of Delayed Draw Loans

Delayed Draw Loans means collectively all of the Delayed Draw Term Loans.
Delayed Draw Loans means, individually or collectively, as the context may require, Tranche B-1 Delayed Draw Loans and Tranche B-2 Delayed Draw Loans.
Delayed Draw Loans has the meaning specified in the Recitals.
Delayed Draw Loans means the Delayed Draw Term B Loans and the Delayed Draw Term C Loans, collectively.
Delayed Draw Loans means the Delayed Draw Tranche A Loan and the Delayed Draw Tranche B Loan.
Delayed Draw Loans means Delayed Draw I Loans and Delayed Draw II Loans. ------------------