Delayed Draw Term Loan has the meaning specified in Section 2.01(b).
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).
Examples of Delayed Draw Term Loan in a sentence
The Borrower may at any time terminate, or from time to time reduce, the Delayed Draw Term Loan Commitments; provided that each partial reduction of the Delayed Draw Term Loan Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000.
The Delayed Draw Term Loan may be Base Rate Loans or SOFR Loans, or a combination thereof, as further provided herein.
Amounts repaid on the Delayed Draw Term Loan may not be reborrowed.
Each Borrowing of the Delayed Draw Term Loan shall be in a minimum principal amount of $5,000,000.
Delayed Draw Term Loan Commitment Amounts repaid or prepaid in respect of the Delayed Draw Term Loans may not be reborrowed.
More Definitions of Delayed Draw Term Loan
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.
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 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 a Loan made pursuant to Section 2.01(3).
Delayed Draw Term Loan means an advance made by a Delayed Draw Term Lender under the Delayed Draw Term Facility.
Delayed Draw Term Loan has the meaning set forth in Section 1.1(c) of this Agreement.