Delayed Draw Term Loan Lender definition

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

Delayed Draw Term Loan Lender means, at any time, any Lender with (i) a Delayed Draw 1 Term Loan Commitment or Delayed Draw 2 Term Loan Commitment or (ii) an outstanding Delayed Draw 1 Term Loan or outstanding Delayed Draw 2 Term Loan.

Delayed Draw Term Loan Lender each Lender that has a Delayed Draw Term Loan Commitment.

Examples of Delayed Draw Term Loan Lender in a sentence

• The Administrative Agent shall promptly give each Delayed Draw Term Loan Lender written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Delayed Draw Term Loans, of such Lender’s Delayed Draw Term Loan Commitment Percentage thereof and of the other matters covered by the related Notice of Borrowing.

• After the funding of any Delayed Draw Term Loan by a Delayed Draw Term Loan Lender, the Delayed Draw Term Loan Commitment of such Delayed Draw Term Loan Lender shall immediately and automatically (without the necessity of further action) be reduced in the principal amount of the Delayed Draw Term Loan made by such Delayed Draw Term Loan Lender.

• Upon any reduction of the Aggregate Delayed Draw Term Loan Commitments, the Delayed Draw Term Loan Commitment of each Delayed Draw Term Loan Lender shall be reduced by such Delayed Draw Term Loan Lender’s Applicable Percentage of such reduction amount.

• Xxxxxxxx agrees that each Delayed Draw Term Loan Lender may satisfy any amounts owing to such Lender under the Fee Letters, by deducting such amounts from the proceeds of any Delayed Draw Term Loan made by such Delayed Draw Term Loan Lender to Borrower.

• The portion of each Lender’s Delayed Draw Term Loan Commitment corresponding to the Delayed Draw Term Loan funded by such Delayed Draw Term Loan Lender shall be permanently terminated immediately and without further action upon the funding of such Delayed Draw Term Loan on the applicable Delayed Draw Funding Date.

More Definitions of Delayed Draw Term Loan Lender

Delayed Draw Term Loan Lender means, as of any date of determination, each Lender having a Delayed Draw Term Loan Commitment or holding all or any portion of the outstanding Delayed Draw Term Loans.

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

Delayed Draw Term Loan Lender means the Lenders that fund the Delayed Draw Term Loans on each Delayed Draw Funding Date, up to their respective Delayed Draw Term Loan Commitments.

Delayed Draw Term Loan Lender means any Lender that has a Delayed Draw Term Loan Commitment and, after a Borrowing under the Delayed Draw Term Loan Commitment, any Lender that holds Term Loans at such time.

Delayed Draw Term Loan Lender means a Delayed Draw Term Loan A Lender and/or a Delayed Draw Term Loan B Lender.

Delayed Draw Term Loan Lender means each of those certain financial institutions set forth on Schedule B attached hereto that has a Delayed Draw Term Loan Commitment as set forth on Schedule B hereto and such other financial institutions that may from time to time make a Delayed Draw Term Loan under the Loan Documents, and if at any time any Delayed Draw Term Loan Lender shall decide to assign or syndicate all or any of its Delayed Draw Term Loan Commitment subject to Section 8(a) of this Agreement, such term shall include such assignee or such other members of the syndicate.

Delayed Draw Term Loan Lender means a Lender holding a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan owing to it.