Incremental Delayed Draw Term Loans definition

Incremental Delayed Draw Term Loans. Incremental Loans under an Incremental Delayed Draw Term Facility.
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Incremental Delayed Draw Term Loans means loans made pursuant to under any Incremental Delayed Draw Term Facility.
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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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Examples of Incremental Delayed Draw Term Loans in a sentence

  • The outstanding principal amount of the 2024 Incremental Delayed Draw Term Loans shall be due and payable in full on the 2024 Term Loan Maturity Date (as defined in the Credit Agreement).

  • Amounts paid or prepaid in respect of the 2024 Incremental Delayed Draw Term Loans may not be reborrowed.

  • The Incremental Delayed Draw Term Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Section 2.2 and Section 2.14; provided that no Incremental Term Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Incremental Delayed Draw Term Maturity Date for such Incremental Delayed Draw Term Loan.

  • 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.

  • 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 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.

  • Any Incremental Term Loans and Incremental Delayed Draw Term Loans made on each Incremental Facility Effective Date shall initially be Base Rate 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).


More Definitions of Incremental Delayed Draw Term Loans

Incremental Delayed Draw Term Loans has the meaning assigned to such term in the definition of “Incremental Cap.”
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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.
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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 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).

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

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

  • 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).