Incremental Delayed Draw Term Loan definition

Incremental Delayed Draw Term Loan shall have the meaning set forth in Section 2.23.
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Examples of Incremental Delayed Draw Term Loan in a sentence

  • If the Borrower desires to use the proceeds of any Incremental Delayed Draw Term Loan or any Incremental Term Loan for working capital purposes, the Borrower shall deliver to Agent, together with the applicable Notice of Borrowing, a Pro Forma Liquidity Certificate certifying that, immediately after giving effect to the Borrowing of such Loan, projected Liquidity as of the date of such Borrowing would not be greater than $20,000,000.

  • Amounts borrowed as a First Amendment Incremental Delayed Draw Term Loan that are repaid or prepaid may not be reborrowed.

  • Notwithstanding the foregoing, if no First Amendment Incremental Delayed Draw Term Loan Commitment are requested and funded on the Delayed Draw Termination Date, all undrawn First Amendment Incremental Delayed Draw Term Loan Commitments shall automatically be cancelled on the Delayed Draw Termination Date.

  • Each First Amendment Incremental Delayed Draw Term Loan shall be in Dollars and made by the Lenders in a single Borrowing on each Delayed Draw Funding Date.

  • As further described in Section 2.12 of the Credit Agreement, the Borrower agrees to pay to the Administrative Agent for the account of each Incremental Lender a commitment fee, which shall accrue at 0.50% on the undrawn portion of the 2020 Incremental Delayed Draw Term Loan Commitment of such applicable Incremental Lender during the period from and including the Third Amendment Effective Date to but excluding the date on which such Commitment terminates.

  • Each Incremental Lender hereby agrees, severally and not jointly, to provide a 2020 Incremental Delayed Draw Term Loan Commitment to the Borrower on the Third Amendment Effective Date in Dollars in an aggregate principal amount equal to the amount set forth opposite such Incremental Lender’s name on Annex 1 attached hereto, on the terms set forth herein and in the Credit Agreement (as amended hereby), and subject to the conditions set forth herein and in the Credit Agreement (as amended hereby).

  • The Borrower is requesting the 2020 Incremental Delayed Draw Term Loan Commitments in the aggregate principal amount of $62,491,583.34 from the Incremental Lenders pursuant to, and on the terms set forth in, Section 2.21 of the Credit Agreement, effective on the Third Amendment Effective Date (as defined below).

  • Each Incremental Term Facility or Incremental Delayed Draw Term Loan shall be evidenced by an amendment (an “Incremental Facility Amendment”) to this Agreement executed by the Loan Parties, each existing Lender agreeing to provide any portion of such Incremental Term Facility or Incremental Delayed Draw Term Loan, each Additional Lender, if any, and the Administrative Agent.

  • The Borrower agrees to pay to the Administrative Agent for the account of each 2020 Incremental Lender a commitment fee, which shall accrue at the rate of 0.50% on the undrawn portion of the 2020 Incremental Delayed Draw Term Loan Commitment of such applicable Lender during the period from and including the Third Amendment Effective Date to but excluding the date on which such 2020 Incremental Delayed Draw Term Loan Commitment terminates.

Related to Incremental Delayed Draw Term Loan

  • 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 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.

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

  • 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 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.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • 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).

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

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

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

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

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

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

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

  • 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.

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

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

  • Tranche A Term Loan as defined in Section 2.1.

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

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

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