Delayed Term Loan definition

Delayed Term Loan has the meaning specified in Section 2.01(b).
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Examples of Delayed Term Loan in a sentence

  • Each Delayed Term Loan Draw shall be made by a written request by an Authorized Person delivered to Agent.

  • The Term Commitments, with respect to the making of the Term Loans (and not with respect to the obligations of the Lenders to convert or continue any Term Loans), shall expire on (x) the Initial Funding Date, in the case of the Initial Term Loan Borrowing, and (y) the last day of the Term Commitment Period, in the case of the Delayed Term Loan Borrowings (regardless of the failure of the Borrower to request a Delayed Term Loan Borrowing or the failure of the Borrower to fully utilize the Term Commitments).

  • Such notice must be received by Agent no later than 10:00 a.m. (California time) on the Business Day prior to the date that is the requested funding date of the Delayed Term Loan Draw specifying the amount of such Delayed Term Loan Draw.

  • The Term Loan Commitments shall terminate upon the making of Term Loans in the aggregate amount of the Term Loan Commitments and shall be reduced by the original principal amount of each Delayed Term Loan Draw made by Lenders.

  • When funded, each Delayed Term Loan Draw shall become part of, and have all of the terms and conditions applicable to (including without limitation in respect of pricing, repayments and maturity), the Term Loan for all purposes hereunder and under the other Loan Documents and shall be secured by the Collateral in all respects.

  • Subject to the terms and conditions set forth herein, each Term Lender hereby agrees to make (i) a Term Loan to the Borrower on the Effective Date in Dollars in an amount equal to such Term Lender’s Effective Date Term Commitment and (ii) an additional one-time Term Loan (the “Delayed Term Loan”) to the Borrower on or before the Delayed Draw Termination Date (the “Delayed Term Loan Funding Date”), in Dollars in a principal amount equal to such Lender’s Delayed Term Loan Commitment.

  • The Delayed Draw Term Loan Commitments shall terminate (A) in an amount equal to each Delayed Term Loan Draw on each Delayed Draw Term Loan Funding Date and (B) in full on the Delayed Draw Term Loan Commitment Termination Date.

  • Except as expressly set forth above in Section 2.1(b) with respect to the Delayed Term Loan Option, amounts prepaid on account of the Term Loans may not be reborrowed.

  • By their signature below each of the Lenders (other than Chase, Nations and SB which are already Lenders) shall become a Lender party to the Credit Agreement and the other Loan Documents with all rights, powers and obligations of a Lender thereunder and with an Initial Term Loan Commitment, a Delayed Term Loan Commitment and a Revolving Credit Commitment as set forth on Schedule 1.1A attached hereto.

  • The Borrower agrees to repay the full principal amount of the Delayed Term Loan, and the Delayed Term Loan shall mature, on the Final Maturity Date.

Related to Delayed Term Loan

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

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

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

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

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Required Term Lenders means, as of any date of determination, Term Lenders holding more than 50% of the Term Facility on such date; provided that the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Tranche A Term Loan as defined in Section 2.1.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

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

  • 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.

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

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

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

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

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

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.