Delayed Draw Notes definition

Delayed Draw Notes means $39.675 million of Exit Notes committed to but unfunded as of the Effective Date, pursuant to the Delayed Draw Private Placement and the Delayed Draw Rights Offering.

Delayed Draw Notes means those certain delayed draw subordinated secured notes issued pursuant to the Delayed Draw Note Purchase Agreement.

Delayed Draw Notes means senior second lien secured convertible PIK notes in an aggregate initial principal amount of up to $25,000,000 (plus from time to time any interest accrued thereon, which shall be payable in kind), as reduced by any repayment, redemption or retirement thereof, issued on or after the Closing Date pursuant to this Agreement and substantially in the form attached hereto as Exhibit B-2.

Examples of Delayed Draw Notes in a sentence

• However, the Delayed Draw Notes alone would not be sufficient to cover the immediate liquidity shortfall and would lead to the further deterioration of the Group’s financial position given the punitive interest cost.

• The Delayed Draw Notes include a warrant component where certain PIPE Investors received detachable five-year Delayed Draw Warrants exercisable for up to 2,475,000 shares of Common Stock, which were assumed by the Company after the Closing, at an exercise price of $12.50 per share.

• It is understood that no Purchaser shall be responsible for any default by any other Purchaser of its obligation to purchase Delayed Draw Notes hereunder and that each Purchaser shall be obligated to purchase the Delayed Draw Notes required to be purchased by it hereunder regardless of the failure of any other Purchaser to fulfill its obligations under this Agreement.

• Once drawn, no Delayed Draw Note Commitment may be redrawn, whether or not the Delayed Draw Notes related thereto have been repaid or prepaid.

• The failure of any Purchaser to purchase the aggregate principal amount of the Initial Notes or Delayed Draw Notes to be purchased by it on any date required hereunder shall not relieve any other Purchaser of its corresponding obligation to do so on such date, and no Purchaser shall be responsible for the failure of any other Purchaser to purchase the aggregate principal amount of the Initial Notes or Delayed Draw Notes to be purchased by it.

More Definitions of Delayed Draw Notes

Delayed Draw Notes has the meaning set forth in Section 2.01.

Delayed Draw Notes have the meanings specified in Section 2.01(b). \DC - 031561/000013 - 10875187 v5 \DC - 031561/000013 - 10875187 v7 \DC - 031561/000013 - 10875187 v9

Delayed Draw Notes means the Next.e.GO Senior Secured Notes, Series 2023-1, substantially in the form of Exhibit A, issued pursuant to Section 2.1(a)(ii) hereof.

Delayed Draw Notes means the First Delayed Draw Notes and the Third Delayed Draw Notes, individually, collectively or in any combination, as appropriate.

Delayed Draw Notes means the Class A Notes and the Class P Participating Notes, up to but excluding the Delayed Draw Note Acceptance Date.

Delayed Draw Notes means the Notes, up to but excluding the Delayed Draw Note Acceptance Date. "Delayed Draw Repayment Date" means the earlier of each Redemption Date and the Maturity Date.

Delayed Draw Notes means, collectively, the promissory notes of the applicable Borrowers evidencing (a) the Delayed Draw Mortgage Loans substantially in the form of Exhibit E-1 attached hereto or (b) the Delayed Draw Term Loans substantially in the form of Exhibit E-2 attached hereto, in each case, together with all amendments and replacements thereof.