Delayed Draw Term Loan Advance Amount definition

Delayed Draw Term Loan Advance Amount means, (i) with respect to each Borrowing of Delayed Draw Term Loans constituting a Delayed Draw Equipment Tranche, the Cost of Eligible Capex Equipment constituting, or applicable to, such Delayed Draw Financed Capital Expenditure, multiplied by 80%; provided that, the aggregate principal amount of Delayed Draw Term Loans incurred to finance Equipment that is, at such time, the subject of Progress Payments shall not exceed $25,000,00037,500,000 in the aggregate at any such time (it being understood that once Progress Payments with respect to any such Equipment are complete and such Equipment constitutes Eligible Capex Equipment, such Delayed Draw Term Loans shall no longer count against such $25,000,0037,500,00 cap), or (ii) with respect to each Borrowing of Delayed Draw Term Loans constituting a Delayed Draw Real Property Tranche, the appraised Fair Market Value of the Eligible Capex Real Property constituting, or applicable to, such Delayed Draw Financed Capital Expenditure multiplied by 75%.
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Delayed Draw Term Loan Advance Amount means, (i) with respect to each Borrowing of Delayed Draw Term Loans constituting a Delayed Draw Equipment Tranche, the Cost of Eligible Capex Equipment constituting, or applicable to, such Delayed Draw Financed Capital Expenditure, multiplied by 80%; provided that, the aggregate principal amount of Delayed Draw Term Loans incurred to finance Equipment that is, at such time, the subject of Progress Payments shall not exceed $37,500,000 in the aggregate at any such time (it being understood that once Progress Payments with respect to any such Equipment are complete and such Equipment constitutes Eligible Capex Equipment, such Delayed Draw Term Loans shall no longer count against such $37,500,00 cap), or (ii) with respect to each Borrowing of Delayed Draw Term Loans constituting a Delayed Draw Real Property Tranche, the appraised Fair Market Value of the Eligible Capex Real Property constituting, or applicable to, such Delayed Draw Financed Capital Expenditure multiplied by 75%.
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Related to Delayed Draw Term Loan Advance Amount

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

  • 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.

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

  • 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 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 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.

  • 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.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • 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).

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

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • 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.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

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

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.