Delayed Funding Loans definition

Delayed Funding Loans means Loans which require one or more future advances to be made to the borrower but which, once all such advances have been made, have the characteristics of a term Loan; provided that such Loans shall no longer be considered a Delayed Funding Loan once all such advances have been made.
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Examples of Delayed Funding Loans in a sentence

  • Portions of the same Collateral Loan acquired or originated by the Borrower on different dates (whether through purchase, receipt by contribution or the making or origination thereof, but excluding subsequent draws under Revolving Collateral Loans or Delayed Funding Loans) will, for purposes of determining the purchase price of such Collateral Loan, be treated as separate purchases on separate dates (and not a weighted average purchase price for any particular Collateral Loan).

  • Portions of the same Collateral Loan acquired by the Borrower on different dates (whether through purchase or receipt by contribution thereof, but excluding subsequent draws under Revolving Collateral Loans or Delayed Funding Loans) will, for purposes of determining the purchase price of such Collateral Loan, be treated as separate purchases on separate dates (and not a weighted average purchase price for any particular Collateral Loan).

  • For the avoidance of doubt, the Borrower shall use the proceeds of the Class A-T Loans solely for the acquisition and origination of Collateral Loans during the Reinvestment Period and as otherwise set forth in clause (a) above; provided that the Borrower shall not use the proceeds of the Class A-T Loans to fund Exposure Amounts in respect of any Revolving Collateral Loans or Delayed Funding Loans.

  • At any time, the sum of (a) the Maximum Principal Balance of all Collateral Loans that are in the form of Participation Interests owned by the Issuer at such time and (b) with respect to all Revolving Collateral Loans and Delayed Funding Loans in which the Issuer has sold Participation Interests at such time, the portion of the unfunded amount of such Revolving Collateral Loans and Delayed Funding Loans that is then participated to others by the Issuer.

  • As of any date of determination and with respect to all or any specified portion of the Collateral Loans, the sum of (a) the Principal Balance of such Collateral Loans as of such date and (b) in the case of any such Collateral Loans that are Revolving Collateral Loans or Delayed Funding Loans, the Exposure Amounts thereof.

  • Except as expressly permitted under the Credit Agreement, no Collateral (other than any Delayed Funding Loans or Revolving Collateral Loans) shall be purchased if such Collateral may give rise to any obligation or liability on the Borrower’s part to take any action or make any payment other than at the Borrower’s option.

  • The Collateral Servicer will be permitted under the Indenture and the Collateral Servicing Agreement, to cause the Issuer to become the registered owner of certain Collateral Debt Obligations held by the Subsidiary Holding Companies that are Revolving Loans or Delayed Funding Loans, and Collateral Debt Obligations that are term loans that customarily trade therewith.

Related to Delayed Funding Loans

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • 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.

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

  • Existing Loans has the meaning specified in Section 2.19(a).

  • 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 Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

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

  • Revolving Loans as defined in Section 2.4(a).

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

  • 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.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

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

  • 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.

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

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

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

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Existing Loan means the loan identified on Exhibit H.

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

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

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.