Delayed Draw Term Loan Funding Date definition

Delayed Draw Term Loan Funding Date means any date on which Delayed Draw Term Loans are made by a Delayed Draw Term Loan Lender.

Delayed Draw Term Loan Funding Date means one or more dates on which Delayed Draw Term Loans are made.

Delayed Draw Term Loan Funding Date means one or more dates on which Delayed Draw Term Loans are funded hereunder (to be in an amount no less than $500,000).

Examples of Delayed Draw Term Loan Funding Date in a sentence

• The Closing Date Term Loans and the Delayed Draw Term Loans (if and when funded) shall have the same terms and shall be treated as a single Class for all purposes, except that interest on the Delayed Draw Term Loans shall commence to accrue from the applicable Delayed Draw Term Loan Funding Date thereof.

• For the avoidance of doubt, after a Delayed Draw Term Loan Funding Date, the Closing Date Term Loans and the Delayed Draw Term Loans that have been funded hereunder shall be treated as a single Class under this Agreement for all purposes.

• The Lender and the Agents shall have received a solvency certificate substantially in the form of Exhibit I, dated the applicable Delayed Draw Term Loan Funding Date and signed by a Financial Officer of Holdings.

• Not later than 1:00 p.m. on the Delayed Draw Term Loan Funding Date each applicable Lender will make available to the Administrative Agent for the account of the Borrower, at the Administrative Agent's Office in immediately available funds, the amount of such Delayed Draw Term Loan to be made by such Lender on such borrowing date.

• Each such Delayed Draw Term Lender will make its Delayed Draw Term Loan Commitment available to the Administrative Agent for the account of the Borrowers at the Administrative Agent’s Office prior to 10:00 a.m. on the Delayed Draw Term Loan Funding Date in funds immediately available to the Administrative Agent.

More Definitions of Delayed Draw Term Loan Funding Date

Delayed Draw Term Loan Funding Date as defined in Section 2.2(a).

Delayed Draw Term Loan Funding Date shall have meaning assigned to such term in Section 2.01(c).

Delayed Draw Term Loan Funding Date means a date selected by the Borrower on or after the date on which each condition described in Section 6.3 shall be satisfied or waived in accordance with Section 14.2; provided that in no event shall the Delayed Draw Term Loan Funding Date occur (i) prior to January 2, 2008 or (ii) after the Delayed Draw Funding Deadline.

Delayed Draw Term Loan Funding Date means any Business Day occurring after the Closing Date but prior to the Delayed Draw Term Loan Commitment Termination Date in which the Borrower delivers a Notice of Borrowing in accordance with Section 1.4; provided, however, that there shall be no more than three (3) Delayed Draw Term Loan Funding Dates during the period between the Closing Date and the Delayed Draw Term Loan Commitment Termination Date.

Delayed Draw Term Loan Funding Date means any date on which Delayed Draw Term Loans are made by a Delayed Draw Term Loan Lender. “Delayed Draw Term Loan Lender” shall mean a Lender holding a Delayed Draw Term Loan Commitment, a Delayed Draw Term Loan Commitment Amount, and/or any Delayed Draw Term Loans. “Disqualified Equity Interests” shall mean any Equity Interest that, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Term Loan Commitments), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests), in whole or in part, (c) provides for the scheduled payments of dividends in cash or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is 91 days after the Term, provided, that only the portion of the Equity Interests that so mature or are mandatorily redeemable, are so convertible or exchangeable or are so redeemable at the option of the holder thereof prior to such date, shall be deemed to be Disqualified Equity Interests. "Disqualified Lender” means (a) any Person that has been identified in writing to the Administrative Agent prior to the Closing Date; (b) any Person that is a competitor of the Borrower or any of its Subsidiaries that has been identified in writing to the Administrative Agent from time to time by the Borrower (which list of competitors may be supplemented by the Borrower after the Closing Date by means of a written notice to the Administrative Agent, but which supplementation shall not apply retroactively to disqualify any previously acquired assignment or participation in any Loan); and (c) any Affiliate (other than a bona fide debt fund affiliate) of any Person described in clauses (a) and (b) above that is (x) identified

Delayed Draw Term Loan Funding Date. The advance of the Delayed Draw Term Loan shall be subject to the following conditions (in addition to any other conditions set forth in this Agreement): (i) the Delayed-Draw Term Loan shall be funded solely on one funding date and there shall not be multiple draws under the Delayed-Draw Term Loan, (ii) any portion of any Lender’s Delayed-Draw Term Loan Commitment not funded on the Delayed-Draw Term Loan Funding Date automatically shall be terminated on the Delayed-Draw Term Loan Funding Date and shall thereafter not be available to the Borrower; (iii) the Delayed-Draw Term Loan Funding Date shall not be later than November 15, 2007 and if the Delayed-Draw Term Loan is not funded by November 15, 2007 each Lender’s Delayed-Draw Term Loan Commitment automatically shall be terminated on such date and shall thereafter not be available to the Borrower)

Delayed Draw Term Loan Funding Date means August 3, 2015.