Delayed Term Loan definition

Delayed Term Loan has the meaning specified in Section 2.01(b).
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Delayed Term Loan means the secured, first lien, term loan that may be issued by the Lenders on the Delayed Term Loan Effective Date in accordance with Section 2.1(b), with a face amount not exceeding the Delayed Term Loan Face Amount.
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Delayed Term Loan means the secured, first lien, term loan that may be issued
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Examples of Delayed Term Loan in a sentence

  • 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.

  • Each Advance under the Revolving Loan Commitment and, if applicable, the Delayed Term Loan B Draws or the Incremental Facility Commitments, from the Lenders hereunder made on or after the Agreement Date, shall be made pro rata on the basis of the respective Commitment Ratios of the Lenders.

  • 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.

  • 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.

  • 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).

  • Each Term Lender’s obligation to make Term Loans shall terminate 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 Borrowing.

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

  • 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 satisfaction of the conditions set forth herein and set forth in Section 2.2(b) and Section 3.2 of the Credit Agreement, and in reliance on the representations and warranties set forth herein, on January 2, 2019 the Lenders shall fund a Delayed Term Loan Draw in an aggregate amount of $8,000,000 and Borrower shall pay to Agent the fee set forth in Section A.3. "Delayed Draw Term Loan Fee" of the Fee Letter (as such term is defined after giving effect to this Amendment).

  • The Delayed Term Loan Commitments shall be automatically and permanently terminated at 5:00 p.m., New York City time, on the Delayed Termination 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.

  • 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.

  • 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 Repayment Date shall have the meaning provided in Section 2.5(b).

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

  • 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.