Delayed Draw Termination Date definition

Delayed Draw Termination Date means June 20, 2017.

Delayed Draw Termination Date means the date that is 120 days after the Closing Date.

Delayed Draw Termination Date means the earliest to occur of (a) the date on which the Delayed Draw Commitments have been reduced to $0 as a result of the funding thereof in full or the termination thereof in accordance with Section 2.08 or Article VII and (b) the date that is eighteen (18) months following the Closing Date.

Examples of Delayed Draw Termination Date in a sentence

• In the event that the Initial Term Loans are not funded by 12:00 p.m. New York City time on the Delayed Draw Termination Date, each Term Lender’s Initial Term Commitment shall automatically expire, and each Term Lender shall have no further obligation to make Initial Term Loans.

• The Delayed Draw Undrawn Fee shall be payable in arrears on the Delayed Draw Termination Date.

• Accrued Delayed Draw Term Loan Unused Fees shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Delayed Draw Termination Date.

• Each Lender’s Delayed Draw Term Loan Commitment shall expire immediately and without further action on the Delayed Draw Termination Date, after giving effect to the Delayed Draw Term Loans made thereon.

• The Borrower agrees to pay to the Agent for the account of each Lender a commitment fee for the period from and including (x) the Closing Date to (y) the earlier of (i) the Delayed Draw Funding Date or (ii) the Delayed Draw Termination Date, in an amount equal to 0.75% per annum on the average daily amount of the Delayed Draw Term Loan Commitment of such Lender, payable quarterly in arrears on the last Business Day of each quarter beginning with the quarter ending December 31, 2018.

More Definitions of Delayed Draw Termination Date

Delayed Draw Termination Date means January 6, 2021, provided, however, that if such date is not a Business Day, the Delayed Draw Termination Date shall be the next preceding Business Day.

Delayed Draw Termination Date means the earlier to occur of (a) the termination by the Borrower Representative of all unfunded Delayed Draw Term Loan Commitments pursuant to Section 2.09(c) and (b) the date that is six months after the Effective Date.

Delayed Draw Termination Date means the earliest to occur of (a) the last Delayed Draw Funding Date on which the Delayed Draw Term Commitments are permanently reduced to zero in accordance with Section 2.01(b)(y), (b) the date on which the Borrower voluntarily terminates in full the Delayed Draw Term Commitments pursuant to Section 2.08(b), (c) the date on which the Delayed Draw Term Commitments are terminated pursuant to Section 7.01 and (d) December 28, 2025.

Delayed Draw Termination Date means, solely to the extent the Delayed Draw Notice has not been duly submitted to the Agent in accordance with this Agreement on or prior to such date, November 7, 2019.

Delayed Draw Termination Date means the earliest of (i) the first anniversary of the Closing Date, (ii) the date on which the first Delayed Draw Term Borrowing (if any) is made (after giving effect thereto), and (iii) the date of termination of the commitment of each Delayed Draw Term Lender to make Delayed Draw Term Loans pursuant to Section 2.07 or Section 8.02.

Delayed Draw Termination Date means July 31, 2012.

Delayed Draw Termination Date means the earliest to occur of (i) 2:00 pm New York City time on the 180-day anniversary of the Closing Date, and (ii) the Delayed Draw Closing Date.