Term Loan Draw Date definition

Term Loan Draw Date means each date on which a Term Loan is made hereunder, each of which shall occur, if ever, not later than July 1, 2024.

Term Loan Draw Date shall have the meaning specified in Section 2.14.

Term Loan Draw Date means at any time at the request of the Borrower Representative prior to the Term Loan Funding Termination Date, so long as at the time such request is made and after giving pro forma effect to the funding of the Term Loan, no Default or Event of Default shall have occurred and be continuing hereunder.

Examples of Term Loan Draw Date in a sentence

• Each quarterly payment due and payable during each Loan Year (except with regard to the Fifth Loan Year) shall equal one-fourth (1/4) of the Loan Year Amount for such Loan Year and shall be due and payable quarterly on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Term Loan Draw Date, and in any event at least thirty (30) days after the Term Loan Draw Date.

• Borrowers shall pay a fee (the “Upfront Fee”) to Lender (i) in the amount of $48,750 on the Closing Date, which shall be due and payable in full in immediately available funds on the Closing Date, and (ii) in an amount equal to 0.30% times the amount of any Term Loan made hereunder, which shall be due and payable in full in immediately available funds on the Term Loan Draw Date with respect thereto.

• On each Delayed Draw Term Loan Draw Date, the Commitments of the Lenders to make Delayed Draw Term Loans shall be permanently reduced on a dollar-for-dollar basis in an amount equal to the Delayed Draw Term Loan made on such Delayed Draw Term Loan Draw Date, and the Delayed Draw Term Loan Commitments of all Lenders shall expire on the Delayed Draw Term Loan Commitment Termination Date.

• On the Term Loan Draw Date each Lender shall make available to the Administrative Agent at its office specified in Section 9.2 the amount of such Lender's Commitment Percentage of such Term Loans in immediately available funds.

• Any undrawn Term Loan Commitments shall be reduced to $0 immediately following the funding of the Term Loans on the Term Loan Draw Date.

More Definitions of Term Loan Draw Date

Term Loan Draw Date the date on which Newco shall draw the proceeds of the Term Loan to pay the Class A Consideration to the Class A Holders.

Term Loan Draw Date means the date on which the conditions specified in Section 4.03 are satisfied (or waived in accordance with Section 10.02).

Term Loan Draw Date has the meaning specified therefor in Section 2.2(b).

Term Loan Draw Date is hereby inserted in Section 1.1 of the Loan Agreement, in appropriate alphabetical order, to read in its entirety as follows:

Term Loan Draw Date means a Business Day occurring on or after the First Amendment Effective Date on which each of the Term Loan Draw Conditions have been satisfied to the satisfaction of the Agent and the Term Loan is made."

Term Loan Draw Date means, with respect to any borrowing and disbursement of the Term Loan, any Business Day on or after the Closing Date and not later than the Term Loan Availability Termination Date designated by the Borrower to the Administrative Agent in a Notice of Borrowing, so long as all of the conditions set forth in Section 4.02 and 4.03 shall have been satisfied or waived in accordance with Section 11.01.

Term Loan Draw Date means the date, not later than May 31, 2014, selected by Borrower, on which the Term Loan Lenders shall fund the Term Loan Amount subject to the terms and conditions of this Agreement. Such selection by Borrower shall be made pursuant to a written request by an Authorized Person delivered to Agent in the form of Exhibit L-1 not later than 12:00 noon on the date that is two (2) Business Days preceding such funding date as selected by Borrower.