Incremental Delayed Draw Term Loans definition

Incremental Delayed Draw Term Loans. Incremental Loans that are delayed draw term loans.
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Incremental Delayed Draw Term Loans means loans made pursuant to under any Incremental Delayed Draw Term Facility. “Incremental Equivalent Debt” has the meaning assigned to such term in Section 6.01(a)(xxiv).
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Incremental Delayed Draw Term Loans has the meaning assigned to such term in the definition of “Incremental Cap.”
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Examples of Incremental Delayed Draw Term Loans in a sentence

  • On the first Business Day of each fiscal quarter of the Borrower, commencing with the first such date after the Borrower has borrowed any Incremental Delayed Draw Term Loans, the Borrower shall repay the Incremental Delayed Draw Term Loans in an amount equal to (x) the original principal amount of all Incremental Delayed Draw Term Loans that have been borrowed by the Borrower pursuant to this Agreement multiplied by (y) 0.75%.

  • Each borrowing of Incremental Delayed Draw Term Loans shall be in an aggregate amount of at least $5,000,000; provided that such minimum borrowing shall not apply to the final borrowing if the remaining Incremental Delayed Draw Term Commitments are less than such minimum borrowing amount.

  • Each payment (other than prepayments) in respect of principal or interest in respect of the Incremental Term Loans and Incremental Delayed Draw Term Loans and each payment in respect of fees payable hereunder shall be applied to the amounts of such obligations owing to the Lenders pro rata according to the respective amounts then due and owing to the Lenders.

  • Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to provide a portion of the Incremental Term Facility and/or Incremental Delayed Draw Term Loans and, if so, whether by an amount equal to, greater than, or less than its Pro Rata Share of such requested Incremental Term Facility and/or Incremental Delayed Draw Term Loans.

  • If any prospective lender agrees to fund any portion of the requested Incremental Term Facility or and/or Incremental Delayed Draw Term Loans (an “Additional Lender”), such Additional Lender shall become a Lender hereunder pursuant to such joinder agreement, provided that such Additional Lender shall have been approved by the Administrative Agent (such approval not to be unreasonably withheld or delayed).

  • Each prospective lender shall notify the Administrative Agent within such time period whether or not it agrees to fund any portion of the requested Incremental Term Facility and/or Incremental Delayed Draw Term Loans and, if so, by what amount.

  • To achieve the full amount of a requested Incremental Term Facility or Incremental Delayed Draw Term Loans, the Borrower may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent, the Borrower and their respective counsel.

  • Any prospective lender not responding within such time period shall be deemed to have declined to fund any portion of the Incremental Term Facility and/or Incremental Delayed Draw Term Loans, as applicable.

  • Any Lender not responding within such time period shall be deemed to have declined to provide a portion of the Incremental Term Facility and/or Incremental Delayed Draw Term Loans, as applicable.

  • Partial prepayments of Incremental Term Loans, Incremental Delayed Draw Term Loans and Revolving Credit Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof.


More Definitions of Incremental Delayed Draw Term Loans

Incremental Delayed Draw Term Loans by an amount not exceeding, in the aggregate, $200,000,000; provided that, unless otherwise agreed by the Administrative Agent that any such request for an Incremental Term Loan Facility or Incremental Delayed Draw Term Loans shall be in a minimum amount of $25,000,000 and in increments of $5,000,000 in excess thereof, or if less, the entire remaining available amount. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Lenders) and the Borrower may also invite prospective lenders to respond.
Sample 1
Incremental Delayed Draw Term Loans means loans made pursuant to under any Incremental Delayed Draw Term Facility.
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Related to Incremental Delayed Draw Term Loans

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

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

  • 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.

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

  • 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.

  • 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 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.

  • 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.

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

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

  • Term Loans as defined in Section 2.1.

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

  • New Term Loans as defined in Section 2.24.

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

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

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

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

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

  • 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.

  • 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 Term Commitments has the meaning set forth in Section 2.14(a).

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

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.