Delayed Draw Term Loan Committed Amount definition

Delayed Draw Term Loan Committed Amount shall have the meaning set forth in Section 2.2(b).
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Delayed Draw Term Loan Committed Amount means, collectively, the 364-Day Term Loan Committed Amount, the Three-Year Term Loan Committed Amount and the Five-Year Term Loan Committed Amount.
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Delayed Draw Term Loan Committed Amount as defined in Section 2.1.
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Examples of Delayed Draw Term Loan Committed Amount in a sentence

  • Upon a borrowing of a Delayed Draw Term Loan, the Term Loan Committed Amount shall be increased to take into account such Delayed Draw Term Loan and the Delayed Draw Term Loan Committed Amount shall be reduced by the amount of such Delayed Draw Term Loans.

  • The Delayed Draw Term Loan Committed Amount shall be permanently reduced and the DDTL Commitments shall automatically terminate on the earlier to occur of (i) the close of business on the last day of the Delayed Draw Availability Period and (ii) the Delayed Draw Funding Date.

  • Each Delayed Draw Term Loan borrowing that is made as an Alternate Base Rate Loan shall be in a minimum aggregate amount of $1,000,000 and in integral multiples of $100,000 in excess thereof (or the remaining amount of the Delayed Draw Term Loan Committed Amount, if less).

  • The Delayed Draw Term Loan Committed Amount shall be permanently reduced and the Delayed Draw Term Loan Commitments shall automatically terminate on the earlier to occur of (i) the close of business at the end of the Delayed Draw Availability Period and (ii) the date upon which the Delayed Draw Term Loan Commitment is fully funded or terminated in accordance with Section 2.6(a).

  • Each Delayed Draw Term Loan borrowing that is made as a LIBOR Rate Loan shall be in a minimum aggregate amount of $1,000,000 and in integral multiples of $100,000 in excess thereof (or the remaining amount of the Delayed Draw Term Loan Committed Amount, if less).

  • In consideration of the Delayed Draw Term Loan Commitments, the Borrower agrees to pay to the Administrative Agent, for the ratable benefit of the Term Loan Lenders, a ticking fee (the “Delayed Draw Commitment Fee”) in an amount equal to the Applicable Percentage per annum on the average daily unused amount of the ​ Delayed Draw Term Loan Committed Amount.

  • The Borrower agrees to pay to the Administrative Agent for the ratable benefit of Lenders holding Delayed Draw Term Loan Commitments from the Closing Date until the earlier of (x) the Delayed Draw Funding Date and (y) the date on which the Delayed Draw Term Loan Commitment terminates, a fee (the "Delayed Draw Term Loan Fee") in an amount equal to 1.00% per annum on the Delayed Draw Term Loan Committed Amount.

  • Each Delayed Draw Term Loan borrowing that is made as a LIBOR Rate Loan shall be in a minimum aggregate amount of $1,500,000 and in integral multiples of $500,000 in excess thereof (or the remaining amount of the Delayed Draw Term Loan Committed Amount, if less).

  • If at any time after the Closing Date, the sum of the funded Delayed Draw Term Loans shall exceed $94,388,779.00 (i.e. the initial Delayed Draw Term Loan Committed Amount), the Borrowers shall immediately prepay the Term Loans in an amount sufficient to eliminate such excess.

  • Each Delayed Draw Term Loan shall be in a minimum aggregate amount of $10,000,000 and in integral multiples of $1,000,000 in excess thereof (or the remaining amount of the Delayed Draw Term Loan Committed Amount, if less).


More Definitions of Delayed Draw Term Loan Committed Amount

Delayed Draw Term Loan Committed Amount shall have the meaning assigned to such term in Section 2.3(a).
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