Delayed Draw Term Loan Borrowing Date definition

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.

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.

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.

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 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.

• 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.

• Each Delayed Draw Term Loan Lender will make the amount of its pro rata share of the borrowing of Delayed Draw Term Loans available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 1:00 P.M. Chicago time, on the Delayed Draw Term Loan Borrowing Date in funds immediately available to the Administrative Agent.

• 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.

• 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.

• Not later than 1:00 p.m. (New York time) on the Delayed Draw Term Loan Borrowing Date; provided that such Lender is satisfied that each of the conditions precedent for such Delayed Draw Term Loan set forth in ‎Section 3.02 have been satisfied or waived in writing, then each such Lender will make available to the Administrative Agent for the account of Borrower, at the Principal Office in immediately available funds, the amount of the Delayed Draw Term Loan to be made by such Lender on such Credit 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 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).

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.

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...