Delayed Draw Term Loan Borrowing Date definition

Delayed Draw Term Loan Borrowing Date means each date on or after the Initial Borrowing Date and on or prior to the Delayed Draw Term Loan Commitment Termination Date on which Delayed Draw Term Loans are incurred hereunder.
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Delayed Draw Term Loan Borrowing Date means with respect to the Delayed Draw Term Loan, the Business Day on which Borrower requests the Delayed Draw Term Loan be made and all conditions set forth in Section 6.02 have been satisfied and the Delayed Draw Term Loan is made hereunder.
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Delayed Draw Term Loan Borrowing Date means the date on which the conditions set forth in Section 3.02 of this Agreement are satisfied or waived by the Requisite Lenders.
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Examples of Delayed Draw Term Loan Borrowing Date in a sentence

  • The DIP Delayed Draw Term Loan Commitments shall expire (a) concurrently with the making of the DIP Delayed Draw Term Loans on each DIP Delayed Draw Term Loan Borrowing Date to the extent DIP Delayed Draw Term Loans are borrowed on such date and (b) automatically on the DIP Delayed Draw Term Loan Commitment Expiration Date.

  • On or prior to the date of the making of the initial Delayed Draw Term Loans (the "Initial Delayed Draw Term Loan Borrowing Date"), the Initial Borrowing Date shall have occurred.

  • On or prior to the Initial Delayed Draw Term Loan Borrowing Date, the U.S. Borrower shall have (i) purchased 100% of the Rainbow Royalty Payments for an amount not to exceed $19 million and (ii) purchased the Rainbow Debt in the amount of approximately $7.4 million, for cash consideration not to exceed $7.4 million.

  • Not later than 12:00 Noon, New York City time, on the Delayed Draw Term Loan Borrowing Date each Delayed Draw Term Lender shall make available to the Administrative Agent at the Lending Office an amount in immediately available funds equal to the Delayed Draw Term Loan or Delayed Draw Term Loans to be made by such Lender.

  • Furthermore, on the Initial Delayed Draw Term Loan Borrowing Date, the Collateral Agent shall have received security interests (whether pursuant to mortgages, deeds of trusts, security agreements or other documentation) in such other assets of RCVP as shall have been requested by the Administrative Agent, the Collateral Agent or the Required Lenders.

  • Upon funding the Delayed Draw Term Loans on the Delayed Draw Term Loan Borrowing Date, each Lender’s Delayed Draw Term Loan Commitment shall automatically reduce to zero.

  • The Borrowing shall constitute a certification by the Administrative Borrower to the effect that the conditions set forth in Section 6.02 have been fulfilled as of the applicable Delayed Draw Term Loan Borrowing Date.

  • On the Initial Delayed Draw Term Loan Borrowing Date, RCVP shall have executed and delivered a counterpart of the U.S. Subsidiaries Guaranty pursuant to which RCVP unconditionally guaranties all Obligations of the Borrowers pursuant to this Agreement; provided that it is expressly acknowledged and agreed that the guaranty executed and delivered by RCVP pursuant to this Section 5B.03 may be expressly limited as provided in the U.S. Subsidiaries Guaranty.


More Definitions of Delayed Draw Term Loan Borrowing Date

Delayed Draw Term Loan Borrowing Date as defined in Section 2.1(b).
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Delayed Draw Term Loan Borrowing Date means any Business Day specified by the Company as a date on which the Company requests the relevant Delayed Draw Term Lenders to make Delayed Draw Term Loans hereunder. “Delayed Draw Term Loan Maturity Date” means the date that is five years after the Delayed Draw Term Loan Borrowing Date. “Delayed Draw Term Percentage” means as to any Delayed Draw Term Lender at any time, the percentage which such Lender’s Delayed Draw Term Commitment then constitutes of the aggregate Delayed Draw Term Commitments (or, at any time after the Delayed Draw Term Loan Borrowing Date, the percentage which the aggregate principal amount of such Delayed Draw Term Lender’s Delayed Draw Term Loans then outstanding constitutes of the aggregate principal amount of the Delayed Draw Term Loans then outstanding). “Designated Borrower” has the meaning specified in the introductory paragraph hereto. “Designated Borrower Notice” has the meaning specified in Section 2.25(a). “Designated Borrower Request and Assumption Agreement” has the meaning specified in Section 2.25(a). “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. “Dollar” and “$” mean lawful money of the United States. “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the Issuing Lender, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency. The Dollar Equivalent at any time of the amount of any Letter of Credit, Bankers’ Acceptance or Loan denominated in an Alternative Currency shall be the amount most recently determined as provided in Section 1.05. “Domestic Loan Party” means a Loan Party that is organized under the laws of any political subdivision of the United States. “Domestic Loan Party Obligations” means Obligations of the Domestic Loan Parties. “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of the United States. “Dutch Borrower” has the mean...
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Delayed Draw Term Loan Borrowing Date means the date on which the conditions set forth inSection 3.02 of this Agreement are satisfied or waived by the Requisite Lenders.
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Related to Delayed Draw Term Loan Borrowing Date

  • 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 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).

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

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

  • 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.

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

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • 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.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Term Loan as defined in Section 2.1.

  • Term Loans as defined in Section 2.1.

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

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

  • Tranche B Term Loan as defined in Section 2.1.

  • 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.

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

  • Delayed Draw Funding Date means any date on which the Delayed Draw Term Loans are funded hereunder, which shall in no event be later than the Delayed Draw Term Loan Commitment Termination Date.

  • 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.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(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).

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