Delayed Draw Term Loans definition

Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

Delayed Draw Term Loans means a Loan made by the Delayed Draw Term Loan Lenders to the Borrowers pursuant to Section 2.01(b).

Delayed Draw Term Loans means the Term Loans made subsequent to the Closing Date and on or before the Draw Period Termination Date pursuant to subsection 2.01(b).

Examples of Delayed Draw Term Loans in a sentence

• The Borrower agrees to pay to the Administrative Agent, for the benefit of the Lenders of the Delayed Draw Term Loans, on the Maturity Date, the entire principal amount of all then outstanding Delayed Draw Term Loans.

• Delayed Draw Term Loans may be Base Rate Loans or SOFR Loans, as further provided herein.

• The aggregate principal amount of each Borrowing of Delayed Draw Term Loans shall be in multiples of $500,000 and shall not be less than the Minimum Borrowing Amount with respect thereto.

• The Delayed Draw Term Loan Commitment shall be reduced on a dollar for dollar basis in connection with each borrowing of Delayed Draw Term Loans hereunder.

• Each Borrowing of Delayed Draw Term Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable Delayed Draw Term Loan Commitments.

More Definitions of Delayed Draw Term Loans

Delayed Draw Term Loans means the collective reference to the Delayed Draw 1 Term Loans made pursuant to Section 2.01(a)(iv) of the Existing Credit Agreement and Delayed Draw 2 Term Loans made pursuant to Section 2.01(a)(v) of the Existing Credit Agreement. Each Delayed Draw Term Loan shall be either a Eurocurrency Rate Loan or a Base Rate Loan.

Delayed Draw Term Loans means the terms loans made by Lenders to Company pursuant to subsection 2.1(a)(iv).

Delayed Draw Term Loans means the loans made on the Delayed Draw Funding Date by the Lenders to the Borrower pursuant to Section 2.01(b).

Delayed Draw Term Loans means the term loans made by the Delayed Draw Term Lenders to the Company pursuant to Section 2.01(b).

Delayed Draw Term Loans means Delayed Draw Tranche A Term Loans and Delayed Draw Tranche B Term Loans.

Delayed Draw Term Loans shall have the meaning specified in Section 2.02(a) hereof.

Delayed Draw Term Loans means the Term Loans made pursuant to the Delayed Draw Term Loan Commitments.