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

  • CSLB’s main objective is to protect consumers by regulating the construction industry through licensing, enforcement, education, and treating all consumers and contractors honestly, focusing on prevention and providing educational information to consumers and contractors, in addition to supporting a contractor team concept and the professional development of staff.

  • The Physician may be required to provide a written copy of the level 1 polysomnography.

  • 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.

  • 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.

  • Care Wireless is Financially and Technically Capable Care Wireless is financially and technically capable of providing Lifeline-supported services.31 Care Wireless is one of the oldest and largest prepaid wireless companies in the United States.

  • Unfunded commitments in respect of Delayed Funding Loans and Revolving Loans shall not be considered funded for purposes of the definition of the term Market Value and the calculation of the Net Asset Value and the Borrowing Base Test.

  • At any time when there are no funds on deposit in the Future Funding(h) Reserve Account, the Servicer on behalf of the Issuer may by Issuer Order direct the Trustee to, and upon receipt of such Issuer Order the Trustee shall, withdraw funds on deposit in the Collection Account representing Principal Proceeds and use such funds to meet funding requirements on Delayed Funding Loans or Revolving Collateral Loans.

  • The Issuer shall at all times maintain sufficient funds on deposit in the Future Funding Reserve Account such that the sum of the amount of funds on deposit therein shall be equal to or greater than the sum of the unfunded funding obligations under all Revolving Collateral Loans and Delayed Funding Loans.

  • Assignment of Collateral Debt Obligations In accordance with the Indenture, promptly after the Closing Date, the Issuer will become the registered owner of all Revolving Loans and Delayed Funding Loans with an unfunded component on the Closing Date (or Participations therein) held on the Closing Date by a Subsidiary Holding Company.

  • Unfunded commitments in respect of Delayed Funding Loans and Revolving Loans shall not be considered funded for purposes of the definition of the term Market Value and the calculation of the Net Asset Value, the Borrowing Base Test and the Minimum Equity Test.

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 any date on which the Delayed Draw Term Loans are funded hereunder, which shall in no event be later than the Delayed Draw Term Loan Commitment Termination Date.

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

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(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 shall have the meaning assigned to such term in Section 2.1(a).

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

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • 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 as defined in Section 2.1.

  • Term Loan as defined in Section 2.1.

  • 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 the Refinancing Revolving Loans and the Refinancing Term Loans.

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

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • Existing Loan means the loan identified on Exhibit H.

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

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

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

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