Second Delayed Draw Term Loan definition

Second Delayed Draw Term Loan means a Loan made to the Borrower pursuant to Section 2.01(a)(z).
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Second Delayed Draw Term Loan has the meaning specified therefor in Section 2.2(b) of the Agreement
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Second Delayed Draw Term Loan and such loans comprising the “Second Delayed Draw Term Loan Facility”) during the Second DDTL Availability Period to Borrower, in an aggregate principal amount not to exceed the amount of such Lxxxxx’s then outstanding Second Delayed Draw Term Loan Commitment; provided, that after giving effect to the making of such Second Delayed Draw Term Loan, in no event shall the aggregate Term Loans exceed the DDTL Borrowing Base then in effect. Each Lender’s Second Delayed Draw Term Loan Commitment shall be permanently reduced immediately and without further action upon the making of the Second Delayed Draw Term Loan in an amount equal to the amount of such Lender’s Pro Rata Share of such Loan. Any principal amount of the Second Delayed Draw Term Loan which is repaid or prepaid may not be reborrowed.
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Examples of Second Delayed Draw Term Loan in a sentence

  • This daughter of Abraham, ought she not to have been set free on the Sabbath day?” My cousin, a pharmacist, belongs to a medical mission team that goes to Vietnam to assist the sick.

  • For the avoidance of doubt, no Lender shall have any obligation to make a Second Delayed Draw Term Loan at any time.

  • Notwithstanding anything to the contrary contained herein, the extension of the Second Delayed Draw Term Loan, to the extent of any extension, is at the sole and absolute discretion of the Lenders.

  • For the avoidance of doubt, the Delayed Draw Term Loan Commitments #0000-0000-0000 shall remain unchanged for purposes of the Agreement and the other Loan Documents and shall automatically be reduced to $0 upon the funding of the Second Delayed Draw Term Loan.

  • Any principal amount of the Second Delayed Draw Term Loan which is repaid or prepaid may not be reborrowed.

  • No Delayed Draw Term Loan Lender shall have any liability arising from any other Delayed Draw Term Loan Lender’s failure to fund its Second Delayed Draw Term Loan.

  • The obligation of each Delayed Draw Term Loan Lender to make its Second Delayed Draw Term Loan to Borrowers is several and not joint.

  • Any Second Delayed Draw Term Loan<, collectively the “> shall be in an amount of at least $1,000,000 and integral multiples of $100,000 in excess thereof.

  • When funded, <the>each First Delayed Draw Term Loan, each Second Delayed Draw Term Loan and each Third Delayed Draw Term Loan 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 Documents and shall be secured by the Collateral in all respects.

  • Each Lender’s Second Delayed Draw Term Loan Commitment shall be permanently reduced immediately and without further action upon the making of the Second Delayed Draw Term Loan in an amount equal to the amount of such Lender’s Pro Rata Share of such Loan.


More Definitions of Second Delayed Draw Term Loan

Second Delayed Draw Term Loan means a Loan made to the Borrower pursuant to Section 2.01(a)(z). “Securitization” has the meaning specified in S ection 12.7(e).
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Second Delayed Draw Term Loan. (i) prior to the Fourth Amendment Effective Date, has the meaning provided therefor in Section 2.01(b) and (ii) on and after the Fourth Amendment Effective Date, the term loans made to the Borrower by the Lenders on the Second Delayed Draw Date in an aggregate principal amount equal to $110,000,000.
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Related to Second 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 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 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 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 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 Term Loan as defined in Section 2.1.

  • 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).

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

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Tranche A Term Loan as defined in Section 2.1.

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

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • 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.

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

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

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

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

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

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

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

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