Examples of Delayed Draw Term Loans in a sentence
Schedule 1.01 Commitments Schedule 2.01(c) Delayed Draw Term Loans Draw Schedule Schedule 2.01(f) Convertible Note Loans Draw Schedule Schedule 7.04 Litigation, Labor Controversies, Etc.
All prepayments of Term Loans under this Section 2.8(b) shall be applied ratably between the Initial Term Loans and (unless otherwise agreed by the applicable DDTL Lenders) any Delayed Draw Term Loans to the remaining scheduled amortization payments of the Term Loans in inverse order of maturity.
Xxxxxxxx promises to pay interest on the unpaid principal amount of this Term Loan Note (this “Note”) from the date hereof until the Delayed Draw Term Loans made by Lender are paid in full, at such interest rates and at such times as provided in the Credit Agreement.
Borrower may not borrow, repay, and reborrow the Delayed Draw Term Loans.
The proceeds of the Delayed Draw Term Loans will be used by Borrower solely to acquire the Subject Assets and to pay closing transaction fees and expenses incurred by Borrower in connection therewith.