Delayed Draw Term B Loans definition

Delayed Draw Term B Loans shall have the meaning assigned to such term in Section 2.01(a).
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Delayed Draw Term B Loans means up to $25,000,000 in aggregate principal amount of the term loans which may be made by the Delayed Draw Term B Holders pursuant to Section 2.01(a)(iv) during the Delayed Draw Term A and Term B Availability Period, subject to the terms and conditions of this Agreement.
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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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Examples of Delayed Draw Term B Loans in a sentence

  • The proceeds of the Delayed Draw Term B Loans shall be used (i) to consummate Permitted Acquisitions (or any other acquisition constituting a Permitted Investment), (ii) to prepay the ABL Facility Indebtedness and/or (iii) for general corporate and other working capital purposes.

  • To request the funding of the Delayed Draw Term B Loans hereunder, the Company shall deliver to the Administrative Agent not later than 1:00 p.m. (New York time) three Business Days before the date of such proposed Delayed Draw Term B Loan, by facsimile or electronic mail transmission, a Delayed Draw Term Loan Borrowing Request setting forth the Facility under which such borrowing is requested and all of the other information required to be included therein.

  • 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.

  • In the event that a supervisor must discipline an employee with a Xxxxxxx is not available, the supervisor shall administer the discipline and arrange to meet with the Xxxxxxx and the employee the next business day.

  • Subject to the terms and conditions set forth herein, each Delayed Draw Term B Holder agrees to make Delayed Draw Term B Loans to the Company in an aggregate principal amount equal to the full amount of its Delayed Draw Term B Commitment in a single drawing during the Delayed Draw Term A and Term B Availability Period.

  • If not sooner paid, the Borrower shall repay the original aggregate funded principal amount of all Delayed Draw Term B Loans in full, together with accrued interest thereon, on the Delayed Draw Term B Loan Maturity Date.

  • Each such prepayment shall be applied (a) to the Initial Term Loans, Delayed Draw Term A Loans, Delayed Draw Term B Loans, Delayed Draw Term A-1 Loans, Delayed Draw Term B-1 Loans and the New Term Loans (if any) ratably in accordance with the aggregate outstanding principal balance of each such Facility and (b) with respect to each Facility, to the Loans of such Facility held by the Holders in accordance with their respective Pro Rata Shares.

  • The obligation of each applicable Lender to make the Effective Date Term B Loans on the Amendment and Restatement Effective Date and to make the Delayed Draw Term B Loans on the Delayed Draw Funding Date is subject to the satisfaction or waiver of the conditions precedent set forth in Section 4(a) of the Incremental and Amendment and Restatement Agreement.

  • Notwithstanding anything to the contrary contained herein or in the Credit Agreement, from and after the Fourth Amendment Effective Date, the outstanding Term Loans, the Additional Term B Loans and the Delayed Draw Term B Loans shall constitute a single Class and a single borrowing of Term Loans for all purposes under the Credit Agreement.

  • The Delayed Draw Term B Commitments shall terminate automatically on the earlier of (i) the applicable Delayed Draw Term B Loan Funding Date immediately after the making of Delayed Draw Term B Loans in an aggregate principal amount equal to the total Delayed Draw Term B Commitments and (ii) the end of the Delayed Draw Term A and Term B Availability Period.


More Definitions of Delayed Draw Term B Loans

Delayed Draw Term B Loans means the 12-Month Delayed Draw Term B Loans and the 18-Month Delayed Draw Term B Loans.
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Related to Delayed Draw Term B Loans

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

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

  • Delayed Draw Term Lender means, at any time, any Lender that has a Delayed Draw Term Commitment or a Delayed Draw Term Loan at such time.

  • 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 commitment of each Lender to make Delayed Draw Term Loans on each Delayed Draw Funding Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Delayed Draw Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $1,150,000,000.

  • 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).

  • 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.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

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

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

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

  • 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.

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

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • New Term Loans as defined in Section 2.24.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term B Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term B Loan on the Closing Date in the principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term B Loan Commitments of the Lenders aggregate $50,000,000 on the Closing Date.

  • 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 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.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • 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.

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

  • Term B-1 Loans means the Term Loans made pursuant to the Term B-1 Commitment.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).

  • Tranche 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).