Delayed Draw Tranche definition

Delayed Draw Tranche has the meaning specified in Section 2.01(d).
Sample 1Sample 2Sample 3
Delayed Draw Tranche means each of the U.S. Dollar Delayed Draw Tranche, the Sterling Delayed Draw Tranche, the Euro Delayed Draw Tranche, the Euro French Delayed Draw Tranche, the Singapore Dollar Delayed Draw Tranche and the Australian Dollar Delayed Draw Tranche.
Sample 1

Examples of Delayed Draw Tranche in a sentence

  • Each borrowing of a 2018 Delayed Draw Tranche A Term Loan by the Borrower hereunder after the Sixth Amendment Effective Date shall constitute a representation and warranty by the Borrower as of the date of such extension of credit that the conditions contained in this Section 5.3 have been satisfied.

  • Any such partial reduction shall be in an amount equal to $1,000,000, or a whole multiple of $500,000 in excess thereof, and shall reduce permanently the Revolving Commitments or the 2018 Delayed Draw Tranche A Term Commitments, as applicable, then in effect.

  • Each payment by the Borrower under this Section 2.9(c) shall be applied to the 2018 Delayed Draw Tranche A Term Lenders on a pro rata basis according to the 2018 Delayed Draw Tranche A Commitment Percentages.

  • Amounts repaid or prepaid in respect of Delayed Draw Tranche A Term Loans may not be reborrowed.

  • The Delayed Draw Ticking Fees shall be payable quarterly in arrears and on the earlier to occur of the Delayed Draw Funding Date and the date on which the Delayed Draw Tranche F Term Loan Commitments shall otherwise expire or be terminated as provided herein.

  • With respect to the Delayed Draw Tranche, the Borrower shall pay to the Administrative Agent for the account of the Lenders with Commitments to the Delayed Draw Tranche (other than any Defaulting Lenders) a ticking fee (each, a “Ticking Fee”) in accordance with this Section 2.08(e).

  • The Borrower may, upon at least three (3) Business Days’ notice to the Administrative Agent, terminate in whole or reduce in part the unused portions of the Delayed Draw Tranche Commitments; provided, however, that each partial reduction of the Facility shall be (i) in an aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof and (ii) made ratably among the Lenders in accordance with their Delayed Draw Tranche Commitments.

  • Each Borrowing with respect to the Delayed Draw Tranche shall consist of Advances made simultaneously by the Lenders ratably according to their Commitments.

  • Further, if, at 11:59 P.M. on the last day of the Delayed Draw Period, any unfunded Delayed Draw Tranche Commitments exist, such unfunded Delayed Draw Tranche Commitments shall automatically be deemed terminated and reduced to zero.

  • Each Delayed Draw Tranche A Lender’s Delayed Draw Tranche A Term Loan Commitment shall terminate immediately and without further action on the Delayed Draw Borrowing Date after giving effect to the funding of such Delayed Draw Tranche A Lender’s Delayed Draw Tranche A Term Loan Commitment on the Delayed Draw Borrowing Date.

Related to Delayed Draw Tranche

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

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

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • 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 Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Delayed Draw Term Lender means, at any time, any Lender that has a Delayed Draw Term Commitment or a Delayed Draw Term Loan at such time.

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Single Tranche means the amount of the Financing allocated to the category entitled “Single Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Term A Loans has the meaning specified in Section 2.01(b).