Delayed Draw Term Borrowing definition

Delayed Draw Term Borrowing means a borrowing consisting of simultaneous Delayed Draw Term Loans of the same Class and Type made, converted or continued on the same date and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Delayed Draw Term Lenders pursuant to Section 2.01(b).
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Delayed Draw Term Borrowing means any Borrowing comprised of Delayed Draw Term Loans.
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Delayed Draw Term Borrowing means a borrowing consisting of simultaneous Delayed Draw Term Loans of the same Type, in the same currency and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Delayed Draw Term Lenders pursuant to Section 2.01(c).
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Examples of Delayed Draw Term Borrowing in a sentence

  • Each Delayed Draw Term Borrowing shall consist of Delayed Draw Term Loans made simultaneously by the applicable Delayed Draw Term Lenders in accordance with their respective applicable Delayed Draw Term Commitments.

  • At the time that each ABR Delayed Draw Term Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000; PROVIDED that an ABR Delayed Draw Term Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Dollar Delayed Draw Term Commitments or the Multicurrency Delayed Draw Term Commitments, as the case may be.

  • In the case of a Term Borrowing, a Delayed Draw Term Borrowing or a Revolving Credit Borrowing, each Appropriate Lender shall make the amount of its Committed Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice.

  • Each Delayed Draw Term Borrowing on the Delayed Draw Funding Date shall consist of Delayed Draw Term Loans made simultaneously by the Delayed Draw Term Lenders in the same currency in accordance with their respective Applicable Percentages of the Delayed Draw Term Facility.

  • The Delayed Draw Term Borrowing shall be made on one occasion and consist of the Delayed Draw Term Loans made simultaneously by the Delayed Draw Term Loan Lenders in accordance with their respective Applicable Percentages of the Delayed Draw Term Loan Facility.

  • Each Revolving Credit Borrowing and each Delayed Draw Term Borrowing, each conversion of Term Loans, Revolving Credit Loans or Delayed Draw Term Loans from one Type to the other, and each continuation of Eurodollar Rate Committed Loans shall be made upon the Borrowers’ irrevocable notice to the Administrative Agent, which may be given by telephone.

  • Borrowings also may be classified and referred to by Class (E.G., a "Dollar Delayed Draw Term Borrowing") or by Type (E.G., a "Dollar Eurocurrency Borrowing") or by Class and Type (E.G., a "Dollar Eurocurrency Delayed Draw Term Borrowing").

  • Using the sensitivity matrix (see Table 2) we worked out two rigid block displacements that give Proceedings of EPAC 2000, Vienna, Austriarise to the observed b6 and b10.

  • Each Borrowing of, conversion to or continuation of LIBOR Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof; provided that each Delayed Draw Term Borrowing shall be in a principal amount of $25,000,000 or a whole multiple of $500,000 in excess thereof (provided that such Delayed Draw Term Borrowing may be less than $25,000,000 if such amount represents the aggregate amount of the remaining unfunded Delayed Draw Term Commitments).

  • The Notice of Borrowing shall specify (A) the Delayed Draw Funding Date, (B) the aggregate amount of such proposed Delayed Draw Term Borrowing (C) whether any portion of the proposed Delayed Draw Term Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (D) the initial Interest Period or Periods for any such Eurodollar Rate Loans and (E) the closing date of the Specified Acquisition, which date shall be the same as the Delayed Draw Funding Date.


More Definitions of Delayed Draw Term Borrowing

Delayed Draw Term Borrowing means any Term Borrowing other than (a) the 2012 Term Loan and (b) the Tender Offer Term Borrowing, made pursuant to clause (ii) of Section 2.01(a).
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Delayed Draw Term Borrowing means a borrowing consisting of the Delayed Draw Term Loans of the same Class, made, converted or continued on the same date and having the same Interest Period made by each of the Delayed Draw Term Lenders pursuant to Section 2.01(c).
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Delayed Draw Term Borrowing means a Borrowing comprised of Delayed Draw Term Loans on the Delayed Draw Funding Date.
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Delayed Draw Term Borrowing means a Borrowing of any Delayed Draw TermLoans.
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Delayed Draw Term Borrowing means a Delayed Draw Term A-1 Borrowing or a Delayed Draw Term A-2 Borrowing, as the context requires. “Delayed Draw Term Commitments” means a Delayed Draw Term A-1 Commitment or a Delayed Draw Term A-2 Commitment or any
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Related to Delayed Draw Term Borrowing

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

  • 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).

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • 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 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.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

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

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • 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.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

  • 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.