Delayed Draw Term Loan Borrowing Request definition

Delayed Draw Term Loan Borrowing Request means each Delayed Draw Term Loan Borrowing Request delivered to Agent in substantially the form of Exhibit J pursuant to Section 1.1(b). ​
Sample 1Sample 2Sample 3
Delayed Draw Term Loan Borrowing Request means a written notice from the Borrower to the Administrative Agent requesting a Delayed-Draw Term Loan and specifying (i) that a Delayed-Draw Term Loan is requested, (ii) the date of the requested borrowing (which shall be a Business Day at least five (5) Business Days after the date of receipt of such notice by the Administrative Agent (or such later date as the Fronting Bank and the Administrative Agent may agree with the Borrower in order to minimize the incurrence of costs by the Borrower pursuant to Section 3.12(a) in connection with such borrowing)), (iii) the aggregate principal amount to be borrowed (which shall be at least $10,000,000 or an integral multiple of $1,000,000 in excess thereof) and (iv) whether the borrowing shall be comprised of Base Rate Loans, Eurodollar Loans or a combination thereof, and if Eurodollar Loans are requested, the Interest Period(s) therefor.
Sample 1Sample 2
Delayed Draw Term Loan Borrowing Request means a request for a Delayed Draw Term Loan Borrowing substantially in the form of Exhibit 10.1(d) or any other form approved by the Term Agent.
Sample 1

Examples of Delayed Draw Term Loan Borrowing Request in a sentence

  • Any Delayed Draw Term Loan Borrowing Request delivered by Borrower hereunder shall be irrevocable and binding on Borrower and shall obligate Borrower to accept the Delayed Draw Term Loans requested from the Delayed Draw Term Loan Lenders on the proposed funding date.

  • Promptly following receipt of a Delayed Draw Term Loan Borrowing Request in compliance with this Section 2.01(a)(iii), the Administrative Agent shall advise each Delayed Draw Term A Holder of the details thereof, and of the amount of such Holder’s Delayed Draw Term A Loan to be made as part of such borrowing.

  • Promptly following receipt of such Delayed Draw Term Loan Borrowing Request in compliance with this Section 2.01(a)(iv), the Administrative Agent shall advise each Delayed Draw Term B Holder of the details thereof, and of the amount of such Holder’s Delayed Draw Term B Loan to be made as part of such borrowing.

  • To request the funding of the Delayed Draw Term B Loans hereunder, the Company shall deliver to the Administrative Agent not later than 1:00 p.m. (New York time) three Business Days before the date of such proposed Delayed Draw Term B Loan, by facsimile or electronic mail transmission, a Delayed Draw Term Loan Borrowing Request setting forth the Facility under which such borrowing is requested and all of the other information required to be included therein.

  • The Funds Flow Memorandum and each Delayed Draw Term Loan Borrowing Request contains a description of the Borrowers’ sources and uses of funds on the Closing Date or the date of the applicable Delayed Draw Term Loan Borrowing, as the case may be, including the Term Loan or the Delayed Draw Term Loan comprising such Delayed Draw Term Loan Borrowing, as the case may be, and details how funds from each source are to be transferred to particular uses.

  • To request the funding of Delayed Draw Term B-1 Loans hereunder, the Company shall deliver to the Administrative Agent not later than 1:00 p.m. (New York time) one Business Day before the date of such proposed Delayed Draw Term B-1 Loans, by facsimile or electronic mail transmission, a Delayed Draw Term Loan Borrowing Request setting forth the Facility under which such borrowing is requested and all of the other information required to be included therein.

  • The obligation of each Delayed Draw Term Holder to make a Delayed Draw Term Loan under the applicable Facility on each Delayed Draw Term Loan Funding Date with respect to such Facility shall be subject to the condition that the Administrative Agent shall have received a Delayed Draw Term Loan Borrowing Request in accordance with Section 2.01(a)(iii), 2.01(a)(iv), 2.01(a)(v) or 2.01(a)(vi), as applicable.

  • This Delayed Draw Term Loan Borrowing Request is made pursuant to Section 2.2 of the Term Loan Agreement and constitutes a representation and warranty by the Borrowers that all of the conditions specified in Section 2.2 of the Term Loan Agreement will be satisfied at the time of the making of the Delayed Draw Term Loan and a reaffirmation by each Borrower of the granting and continuance of the Term Agent’s Liens, on behalf of itself and the Secured Parties, pursuant to the Collateral Documents.

  • To request the funding of Delayed Draw Term A-1 Loans hereunder, the Company shall deliver to the Administrative Agent not later than 1:00 p.m. (New York time) one Business Day before the date of such proposed Delayed Draw Term A-1 Loans, by facsimile or electronic mail transmission, a Delayed Draw Term Loan Borrowing Request setting forth the Facility under which such borrowing is requested and all of the other information required to be included therein.

  • Promptly following receipt of such a Delayed Draw Term Loan Borrowing Request in compliance with this Section 2.01(a)(vi), the Administrative Agent shall advise each Delayed Draw Term B-1 Holder of the details thereof, and of the amount of such Holder’s Delayed Draw Term B-1 Loan to be made as part of such borrowing.


More Definitions of Delayed Draw Term Loan Borrowing Request

Delayed Draw Term Loan Borrowing Request shall have the meaning set forth in Section 2.01(a)(iii).
Sample 1

Related to Delayed Draw Term Loan Borrowing Request

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

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

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

  • 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).

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • 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.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

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

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

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

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

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

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

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

  • 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.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.14(f)(ii).