Delayed Draw Term A Loan definition

Delayed Draw Term A Loan is defined in Section 2.1(b).
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Delayed Draw Term A Loan has the meaning specified in the Amendment and Restatement Agreement.
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Delayed Draw Term A Loan is defined in Section 2.3(a) and, as so defined, includes a Base Rate Loan or a Eurodollar Loan, each of which is a “Type” of Delayed Draw Term A Loan hereunder.
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Examples of Delayed Draw Term A Loan in a sentence

  • Subject to the terms and conditions set forth herein, each Delayed Draw Term A Lender severally agrees to make a single loan (the “Delayed Draw Term A Loan”) to the Borrower on any Business Day on or prior to the Delayed Draw Term A Loan Termination Date in an amount not to exceed such Delayed Draw Term A Lender’s Delayed Draw Term A Loan Commitment.

  • The Delayed Draw Term A Commitment of each Delayed Draw Term A Lender shall be automatically reduced by an amount equal to the principal amount of each Delayed Draw Term A Loan made by such Lender pursuant to the immediately preceding sentence upon the making of such Delayed Draw Term A Loan.

  • The Borrower shall repay each Delayed Draw Term A Loan in quarterly installments equal to an amount determined by the Administrative Agent and the Borrower in order to ensure the Delayed Draw Term A Loans will be treated as fungible with the Term A Loans commencing on the last day of the first full fiscal quarter ending after the Closing Date and on each December 31, March 31, June 30 and September 30 thereafter with the remaining outstanding balance due and payable on the Maturity Date of the Term A Loan.

  • The Delayed Draw Term A Ticking Fee shall commence on the Closing Date and be payable in full on the Delayed Draw Term A Loan Termination Date.

  • The Borrower agrees to pay to the Administrative Agent in Dollars for the account of each Lender with a Delayed Draw Term A Loan Commitment, a fee which shall accrue at the rate of 0.25% per annum on the average daily undrawn portion of the Delayed Draw Term A Loan Commitments (the foregoing fees, the “Delayed Draw Term A Ticking Fee”).

  • On the Delayed Draw Term A Loan Termination Date, all Delayed Draw Term A Loans that are outstanding shall be repaid in full.

  • The Delayed Draw Term A Loan Borrowing shall consist of Delayed Draw Term A Loans made simultaneously by the Delayed Draw Term A Lenders in accordance with their respective Applicable Percentage of the Delayed Draw Term A Facility.

  • The Borrower will use the proceeds (i) of any Delayed Draw Term A Loans, to redeem or repurchase all Senior Notes outstanding on the Delayed Draw Term A Loan Funding Date and (ii) of any Revolving Loans, to finance the working capital needs, and for general corporate purposes (including the financing of Investments permitted under this Agreement), of the Borrower and its Subsidiaries.

  • The proceeds of the Loans will be used only (i) with respect to any Delayed Draw Term A Loans, to redeem or repurchase all Senior Notes outstanding on the Delayed Draw Term A Loan Funding Date and (ii) with respect to the proceeds of any Revolving Loans, to finance the working capital needs, and for general corporate purposes (including Investments permitted under this Agreement), of the Borrower and its Subsidiaries.

  • Upon execution and delivery hereof, the Administrative Agent will record the 2023 Revolving Credit Commitments, the 2023 Delayed Draw Term A Loan Commitments and the 2023 Initial Term A Loans made by the 2023 Revolving Credit Lenders and 2023 Term A Lenders, respectively in the Register.


More Definitions of Delayed Draw Term A Loan

Delayed Draw Term A Loan and collectively for all the Delayed Draw Term A Loan Lenders, the “Delayed Draw Term A Loans”) in U.S. Dollars to the Borrower from time to time up to the amount of such Lender’s Delayed Draw Term A Loan Commitment, subject to the requirements in Section 2.3(bc) below, before the Commitment Termination Date. Notwithstanding the foregoing, if the total Delayed Draw Term A Loan Commitment as of the Closing Date is not drawn on or prior to the Delayed Draw Term A Loan Commitment Expiration Date, the undrawn amount shall automatically be cancelled. Each Borrowing of Delayed Draw Term A Loans shall be made ratably by the Delayed Draw Term A Loan Lenders in proportion to their respective Delayed Draw Term A Loan Percentages. As provided in Section 2.7(a), the Borrower may elect that each Borrowing of Delayed Draw Term A Loans be either Base Rate Loans or Eurodollar Loans. Delayed Draw Term A Loans repaid may not be reborrowed.
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Related to Delayed Draw Term A Loan

  • 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 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 Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this 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.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche B Term Loan as defined in Section 2.1.

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

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

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

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

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Term Loan as defined in Section 2.1.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

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