Delayed Draw Term Loans definition

Delayed Draw Term Loans means the loans made by the Delayed Draw Term Lenders to the Borrower pursuant to Section 2.01(c).

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

Delayed Draw Term Loans means each of the First Delayed Draw Term Loan, the February 2022 Delayed Draw Term Loans and the Uncommitted Delayed Draw Term Loans, in each case, pursuant to Section 2.1(a).

Examples of Delayed Draw Term Loans in a sentence

Each such Loan Notice must be received by the Administrative Agent not later than 11:00 a.m. on the date that is one (1) Business Day prior to the Borrowing of the Initial Term Loans and three (3) Business Days prior to any Borrowing of Delayed Draw Term Loans.
As set forth in the Fee Letter, the Term Loans funded on the Closing Date and that may be funded as Delayed Draw Term Loans will be funded with original issue discount in an amount equal to 94.0% of the par principal amount thereof as set forth in the Commitment Schedule (it being agreed that the Borrower shall be obligated to repay 100% of the principal amount of the Term Loans and interest shall accrue on 100% of the principal amount of the Term Loans, in each case as provided herein).
Following approval of the intended use of proceeds for any series of Delayed Draw Term Loan advances set forth in the initial Delayed Draw Request in accordance with the definition of “Delayed Draw Funding Requirements,” the use of proceeds for subsequent Delayed Draw Term Loans related to the use of proceeds in such initial Delayed Draw Request shall be deemed approved.

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 Loans made pursuant to Section 2.01(b) in accordance with this Agreement.

Delayed Draw Term Loans means, collectively, the First Amendment Delayed Draw Term Loans and the Second Amendment Delayed Draw Term Loans A.

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).

Delayed Draw Term Loans means the Term A Loans made, if any, pursuant to Section 2.01(a)(ii). For the avoidance of doubt, after the expiration of the Delayed Draw Availability Period, the Initial Term A Loans and the Delayed Draw Term Loans (if any) shall all constitute Term A Loans hereunder, without differentiation.

Delayed Draw Term Loans means, collectively, the Tranche 1 Term Loan, Tranche 2 Term Loan and Tranche 3 Term Loan.

Delayed Draw Term Loans means the aggregate amount of $35,000,000 provided by Lenders on or after the Third Amendment Initial Funding Date as provided in Sections 2.01(c) and 2.01(d).