Delayed Draw Term Loan definition

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

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Delayed Draw Term Loan means, collectively, the loans made by the Delayed Draw Term Loan Lenders to the Borrower pursuant to Section 2.01(a).

Delayed Draw Term Loan shall have the meaning provided in Section 2.1(a). For the avoidance of doubt, all Delayed Draw Term Loans are 2014 Term Loans.

Examples of Delayed Draw Term Loan in a sentence

For the avoidance of doubt, there shall be no more than one (1) Borrowing of the Delayed Draw Term Loan over the life of this Agreement.
The Delayed Draw Term Loan Commitment of each Delayed Draw Term Loan Lender shall automatically terminate immediately on the earlier of (x) the occurrence of the Delayed Draw Term Loan Borrowing and (y) the DDTL Expiration Date.
Administrative Agent shall have received a certificate of Borrower dated as of the Delayed Draw Term Loan Funding Date signed by a Responsible Officer, in form and substance satisfactory to Administrative Agent, certifying to and attaching a true and correct copy of an Acceptable PPA which shall be in full force and effect before and after giving effect to the Delayed Draw Term Loan Facility and the making of the Delayed Draw Term Loan thereunder.

More Definitions of Delayed Draw Term Loan

Delayed Draw Term Loan. A Loan that is fully committed on the closing date thereof and is required by its terms to be fully funded in one or more installments on draw dates to occur within three years after the closing date thereof but which, once fully funded, has the characteristics of a Term Loan.

Delayed Draw Term Loan means a Tranche A Term Loan made by a Lender pursuant to Section 2.1(a)(ii) of the Second Amended and Restated Credit Agreement.

Delayed Draw Term Loan means the loans made from time to time after the Closing Date on any Delayed Draw Term Loan Funding Date pursuant to Section 2.01(b).

Delayed Draw Term Loan means any Loan that is fully committed on the initial funding date of such Loan and is required to be fully funded in one or more installments on draw dates to occur within one year of the initial funding of such Loan but which, once such installments have been made has the characteristics of a term loan; provided that any Loan as to which no further installment may be funded shall not be a Delayed Draw Term Loan.

Delayed Draw Term Loan means an advance made by any Delayed Draw Term Lender pursuant to Section 3.2.

Delayed Draw Term Loan is defined in Section 2.1.3.

Delayed Draw Term Loan has the meaning set forth in Section 1.1(c) of this Agreement.