Delayed Draw Term Loan Facility definition

Delayed Draw Term Loan Facility means the collective reference to the Delayed Draw 1 Term Loan Facility and the Delayed Draw 2 Term Loan Facility.
Delayed Draw Term Loan Facility means, at any time, the aggregate Delayed Draw Term Loan Commitments of all Lenders at such time, and includes, as the context may require, any Incremental Term Loans or the aggregate amount of term loans of any Class (or as applicable the aggregate commitments in respect thereof).
Delayed Draw Term Loan Facility shall have the meaning set forth in the recitals to this Agreement.

Examples of Delayed Draw Term Loan Facility in a sentence

  • On January 29, 2020, the Utility borrowed $500 million under the DIP Delayed Draw Term Loan Facility.

  • The Borrower will take all commercially reasonable actions to permit the Administrative Agent to conduct, prior to the initial Borrowing under the Delayed Draw Term Loan Facility, expert independent review (subject to compliance with Section 13.16 and at the sole cost and expense of the Administrative Agent) of the compliance of the New Build Program with all Applicable Laws (including state and federal Environmental Laws and regulatory laws and regulations).

  • It is understood that the foregoing covenant shall not constitute a condition to any Borrowing under the Delayed Draw Term Loan Facility.

  • All fees in respect of the Delayed Draw Term Loan Facility accrued until the effective date of any termination of the Aggregate Delayed Draw Term Loan Commitments shall be paid on the effective date of such termination.

  • With respect to any credit extension under the Delayed Draw Term Loan Facility, immediately after giving effect to the proposed credit extension and the use of proceeds thereof, the Delayed Draw Extension Conditions shall be satisfied.


More Definitions of Delayed Draw Term Loan Facility

Delayed Draw Term Loan Facility means that certain $200,000,000 Delayed-Draw Term Loan Facility described in the Delayed-Draw Term Loan Commitment Letter.
Delayed Draw Term Loan Facility shall have the meaning set forth in the recitals.
Delayed Draw Term Loan Facility means the credit facility for the Delayed Draw Term Loans described in Section 2.1.
Delayed Draw Term Loan Facility means the delayed draw term loan credit facility described in Section 2.01(b).
Delayed Draw Term Loan Facility the Delayed Draw Term Loan Commitments and the Delayed Draw Term Loans made thereunder (it being understood that, from and after the funding of the Delayed Draw Term Loans, the Delayed Draw Term Loans shall be considered to be a part of the Tranche A Term Loan Facility).
Delayed Draw Term Loan Facility means, at any time, the delayed draw term loan facility provided in this Agreement for the making of Delayed Draw Term Loans in an aggregate amount equal to the Aggregate Delayed Draw Term Loan Commitment at such time$35,000,000.
Delayed Draw Term Loan Facility means that certain term loan credit facility evidenced by that certain Credit and Guaranty Agreement, dated as of April 17, 2020, among US Concrete, as borrower, certain Subsidiaries of US Concrete, as guarantors, the lenders party thereto, and Bank of America, N.A., as administrative agent.