Delayed Draw Portfolio Asset definition

Delayed Draw Portfolio Asset means a Loan Asset that requires the Borrower to provide additional funding thereunder after the Cut-Off Date for such Loan Asset.
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Delayed Draw Portfolio Asset means a Loan Asset that requires the Borrower to provide additional funding thereunder after the Cut‐Off Date for such Loan Asset. "Determination Date" means, for any Payment Date (other than an Inter‐Period Payment Date) or Reporting Date, the date that is (i) the second Business Day of the month in which such Payment Date or Reporting Date occurs, as applicable or (ii) the date that is three (3) Business Days prior to any Inter‐ Period Payment Date. "Eligible Assignee" means (a) a Lender or any of its Affiliates, (b) any Person managed by a Lender or any of its Affiliates or (c) any financial or other institution reasonably acceptable to the Administrative Agent acting at the direction of the Majority Lenders that at the time it becomes a Lender is a Qualified Purchaser, in each case, other than the Borrower or an Affiliate thereof. "Eligible Currency" means British Pounds, Canadian Dollars, Euros, Australian Dollars and U.S. Dollars. "Eligible Portfolio Asset" means (1) each Initial Portfolio Asset and (2) a Loan Asset (other than the Initial Portfolio Assets) that, at the time of Transfer to the Borrower, unless otherwise approved by the Initial Lender and subject to the last paragraph of this definition: (a) is a Senior Loan, Junior Loan, Asset Based Loan, Recurring Revenue Loan, or Senior Note; provided that the par amount of Eligible Portfolio Assets constituting Junior Loans or Recurring Revenue Loans may not exceed 15% of the greater of (i) the Maximum Facility Amount and (ii) Total Portfolio Value, and the par amount of Eligible Portfolio Assets constituting Asset Based Loans may not exceed 15% of the greater of (i) the Maximum Facility Amount and (ii) Total Portfolio Value; (b) the Obligor of which is domiciled in the United States, Canada, the United Kingdom, a European Union country, Australia or any other country approved by the Calculation Agent; provided that the par amount of Loan Assets to non‐US Obligors may not exceed 20% of the greater of (i) the Maximum Facility Amount and (ii) Total Portfolio Value; (c) other than with respect to Recurring Revenue Loans and Asset Based Loans, (i) with respect to Loan Assets other than Junior Loans, the Obligor of which has EBITDA of no less than $10,000,000 for the last twelve‐month ("LTM") period then ended for which financial statements have been delivered (or are required to have been delivered) under the related Loan Agreement; provided that the par amount of Loan Assets to Obligors with EBITDA o...
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Related to Delayed Draw Portfolio Asset

  • 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 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.

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

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

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan Commitment, 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 Appendix A or in the applicable Assignment Agreement, 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 Twenty Million Dollars ($20,000,000.00).

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

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Facility means, at any time, the aggregate amount of the Revolving Lenders’ Revolving Commitments at such time.

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.