Delayed Drawdown Collateral Debt Security definition

Delayed Drawdown Collateral Debt Security means a Collateral Debt Security that: (a) requires the Issuer to make one or more future advances relating thereto; (b) specifies a maximum amount that can be borrowed by one or more fixed borrowing dates; and (c) does not permit the re-borrowing of any amount previously repaid; but provided that any such Collateral Debt Security will cease to be a Delayed Drawdown Collateral Debt Security when all commitments to make further advances expire or are terminated or reduced to zero.

Related to Delayed Drawdown Collateral Debt Security

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

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

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Term B Loan Maturity Date has the meaning specified in the definition of “Maturity Date.”

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Tranche A Notes is defined in Section 1.1.

  • Tranche B Notes is defined in Section 1.1.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

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

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.