First Delayed Draw Loan definition

First Delayed Draw Loan is defined in Section 2.1.
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First Delayed Draw Loan means the term loans made by the Lenders on the First Delayed Draw Date in an aggregate principal amount not to exceed $10,000,000.
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First Delayed Draw Loan means a loan made pursuant to Section 2.01(c).
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Examples of First Delayed Draw Loan in a sentence

  • The Borrower may irrevocably request that the First Delayed Draw Loan be made by delivering to the Administrative Agent a Loan Request on or before 10:00 a.m. on a Business Day at least 12 Business Days prior to the proposed First Delayed Draw Closing Date.

  • Amounts repaid or prepaid in respect of the outstanding principal amount of the Loans pursuant to Section 3.2 shall be applied in the inverse order of maturity and pro rata to the Initial Loan, the First Delayed Draw Loan and the Second Delayed Draw Loan.

  • On the terms and subject to the conditions of this Agreement, each Lender severally agrees to make its portion of a term loan (the “First Delayed Draw Loan”) to the Borrower on the First Delayed Draw Closing Date in an amount equal to (but not less than) such Xxxxxx’s First Delayed Draw Commitment Amount; provided that upon the funding of the First Delayed Draw Loan on the First Delayed Draw Closing Date, the First Delayed Draw Commitment Amount shall be reduced to $0.

  • The obligation of each Lender to make its portion of the First Delayed Draw Loan shall be subject to the prior making of the Initial Loan, the delivery of a Loan Request as requested pursuant to Section 2.2, and the satisfaction of each of the conditions precedent set forth below in Sections 5.3, 5.8, 5.18(a), 5.19(a) and 5.20.

  • For the avoidance of doubt, the obligation of each Lender to make its portion of the Second Delayed Draw Loan is not conditioned on the Borrower’s prior Borrowing of the First Delayed Draw Loan.

  • The obligation of each Lender to make its portion of any Second Delayed Draw Loan is not conditioned on the Borrower’s prior Borrowing of the First Delayed Draw Loan.

  • After receipt of a Loan Request for a First Delayed Draw Loan, the Administrative Agent shall promptly notify each Lender of the amount of such Lender’s portion of the First Delayed Draw Loan.

  • The First Delayed Draw Loan Commitments shall automatically terminate immediately after the Borrowing of the First Delayed Draw Loans or, if earlier, on the Maturity Date.

  • The obligation of each Lender to make its portion of the Second Delayed Draw Loan shall be subject to the prior making of the Initial Loan and the First Delayed Draw Loan, the delivery of a Loan Request as requested pursuant to Section 2.2, and the satisfaction of each of the conditions precedent set forth below in Sections 5.3, 5.8, 5.18(b), 5.19(b) and 5.20.

  • The obligation of each Lender to make its First Delayed Draw Loan on the First Delayed Draw Date shall be subject to the delivery of a Borrowing Notice as required pursuant to Section 2.02 and the prior or concurrent satisfaction of each of the conditions precedent set forth below in this Section 6.02.

Related to First Delayed Draw Loan

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

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

  • 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 Lender means, at any time, any Lender that has a Delayed Draw Term Commitment or a Delayed Draw Term Loan at such time.

  • 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 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.

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

  • 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.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

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

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

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

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

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

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

  • 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.