Delayed Draw Term B Loan definition

Delayed Draw Term B Loan has the meaning as set forth in Section 2.5(a).
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Delayed Draw Term B Loan means the term loan funded under the Delayed Draw Term B Loan Commitment pursuant to Section 2.1(c) (it being understood that such term shall refer to the aggregate Delayed Draw Term B Loan funded to Borrower when used in the context of all Delayed Draw Term B Loan Lenders collectively and a particular Delayed Draw Term B Loan Lender’s portion of the aggregate Delayed Draw Term B Loan when used in the context of an individual Delayed Draw Term B Loan Lender). Schedule 1.1 - 7
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Delayed Draw Term B Loan means a Loan made by a Delayed Draw Term B Lender pursuant to Section 2.01(a)(ii).
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Examples of Delayed Draw Term B Loan in a sentence

  • During the Delayed Draw Term B Loan Availability Period, the Borrower may request, in accordance with this Section 2.5(a), draws of delayed draw term loans (the “Delayed Draw Term B Loans”, and together with the Delayed Draw Term A Loans, the “Delayed Draw Term Loans”) in an aggregate principal amount not to exceed the Delayed Draw Term B Loan Amount.

  • Borrower shall utilize proceeds of any Delayed Draw Term B Loan or any Incremental Term Loan first to repay all Revolving Loans outstanding on the date of such Delayed Draw Term B Loan or any Incremental Term Loan and thereafter for funding of Borrower’s working capital and for other general corporate purposes (including Capital Expenditures not made in violation of the terms of this Agreement).

  • Amounts paid or prepaid in respect of the Delayed Draw Term B Loan may not be reborrowed.

  • Xxxxxxx Title: Authorized Signatory Notice Address: c/o Golub Capital Incorporated 000 Xxxxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Xxxx Xxxxxxx Facsimile No.: (000) 000-0000 Such Lender’s Commitments: Revolving Loan Commitment: $292,000 Term A Loan Commitment: $0 Delayed Draw Term B Loan Commitment: $0 Signature Page to Credit Agreement XXXXX CAPITAL PEARLS DIRECT LENDING PROGRAM, L.P., as a Lender By: GC Advisors LLC, its Manager By: /s/ Xxxxxxx X.

  • Xxxxxxx Title: Chief Investment Officer Notice Address: c/o Golub Capital Incorporated 000 Xxxxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Xxxx Xxxxxxx Facsimile No.: (000) 000-0000 Such Lender’s Commitments: Revolving Loan Commitment: $490,000 Term A Loan Commitment: $0 Delayed Draw Term B Loan Commitment: $3,711,000 Signature Page to Credit Agreement XXXXX CAPITAL BDC, INC., as a Lender By: /s/ Xxxxxxx X.

  • Promptly following receipt of such Delayed Draw Term Loan Borrowing Request in compliance with this Section 2.01(a)(iv), the Administrative Agent shall advise each Delayed Draw Term B Holder of the details thereof, and of the amount of such Holder’s Delayed Draw Term B Loan to be made as part of such borrowing.

  • Notwithstanding the foregoing, if the total Delayed Draw Term B Loan Commitment as of the Amendment Number One Effective Date is not drawn on or prior to the Delayed Draw Term B Loan Commitment Expiration Date, the undrawn amount shall automatically be cancelled.

  • On the Delayed Draw Term B Loan Funding Date, the Company shall execute and deliver to each Delayed Draw Term B Holder a Delayed Draw Term B Note in the principal amount of the Delayed Draw Term B Loans made by such Holder on such date.

  • Not later than 1:00 p.m. (Chicago time) on the Delayed Draw Funding Date, each Delayed Draw Term B Loan Lender will make available to the Administrative Agent for the account of the Borrower, at the Administrative Agent’s Office (or such other location designated by the Administrative Agent) in immediately available funds, the amount of such Delayed Draw Term B Loan to be made by such Delayed Draw Term B Loan Lender on the Delayed Draw Funding Date.

  • Upon any such prepayment and reduction or termination of the Revolving Loan Commitment Borrower’s right to request Advances and Letters of Credit shall simultaneously be permanently reduced or terminated, as the case may be; upon any such reduction or termination of the Delayed Draw Term B Loan Commitment Borrower’s right to request Delayed Draw Term B Loans shall simultaneously be permanently reduced or terminated, as the case may be.


More Definitions of Delayed Draw Term B Loan

Delayed Draw Term B Loan in an aggregate principal amount up to such Delayed Draw Term B Lender’s Delayed Draw Term B Commitment on the Delayed Draw Funding Date; provided that (i) there shall be no more than one borrowing of Delayed Draw Term B Loans and (ii) the Delayed Draw Term B Loans (if and when funded) shall have the same terms and shall be treated as a single Class for all purposes with the Effective Date Term B Loans, except that interest on the Delayed Draw Term B Loans shall commence to accrue from the date of funding thereof. (iii) Amounts borrowed as Term B Loans that are repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
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Delayed Draw Term B Loan is defined in Section 2.3(b) and, as so defined, includes a Base Rate Loan or a Eurodollar Loan, each of which is a “Type” of Delayed Draw Term B Loan hereunder.
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Delayed Draw Term B Loan and collectively for all the Delayed Draw Term B Loan Lenders, the “Delayed Draw Term B Loans”) in U.S. Dollars to the Borrower from time to time up to the amount of such Lender’s Delayed Draw Term B Loan Commitment, subject to the requirements in Section 2.3(c) below, before the Commitment Termination Date. Notwithstanding the foregoing, if the total Delayed Draw Term B Loan Commitment as of the Amendment Number One Effective Date is not drawn on or prior to the Delayed Draw Term B Loan Commitment Expiration Date, the undrawn amount shall automatically be cancelled. Each Borrowing of Delayed Draw Term B Loans shall be made ratably by the Delayed Draw Term B Loan Lenders in proportion to their respective Delayed Draw Term B Loan Percentages. As provided in Section 2.7(a), the Borrower may elect that each Borrowing of Delayed Draw Term B Loans be either Base Rate Loans or Eurodollar Loans. Delayed Draw Term B Loans repaid may not be reborrowed.
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Related to Delayed Draw Term B 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 B Loan is defined in Section 2.2(a)(ii) hereof.

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

  • 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.

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche B Term Loan as defined in Section 2.1.

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

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

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

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

  • 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.

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

  • 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).

  • 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.

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

  • Term Loan as defined in Section 2.1.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.