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

Promptly following the receipt of a Notice of Term Loan Borrowing in accordance herewith, the Administrative Agent shall advise each Delayed Draw Term Lender of the details thereof and the amount of such Lender’s Delayed Draw Term Loan to be made as part of the requested Delayed Draw Term Loan Borrowing.
The aggregate principal amount of each Delayed Draw Term Loan Borrowing shall not be less than $20,000,000 or a larger multiple of $1,000,000 (unless such Borrowing is for the full remaining amount of the Delayed Draw Term Loan Commitment).
The Delayed Draw Term Loan Commitments of each Term Lender shall (i) automatically and permanently be reduced upon the making of any Delayed Draw Term Loans by an amount equal to the Delayed Draw Term Loans so made and (ii) automatically and permanently be reduced to $0 on the Delayed Draw Term Commitment Termination Date.

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

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 has the meaning given to such term in Section 2.1(c) of the Agreement.

Delayed Draw Term Loan is defined in Section 2.1.3.