Term Loan Draw Date definition

Term Loan Draw Date has the meaning specified in Section 2.01(a).

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 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

• 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.

• 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.

• Unless you invest some care and effort, you can easily find that everything ends up in the highest compartment — or that the system fragments into thousands of tiny compartments that don’t communicate at all with each other.

• At least 30 days prior to, but not more than 90 days prior to, any annual anniversary of the Term Loan Draw Date, the Borrower, by written notice to the Administrative Agent, may request an extension of the Term Loan Maturity Date to the date that is one year after the then existing Term Loan Maturity Date (such existing Term Loan Maturity Date, the “Existing Term Loan Maturity Date”).

• In case of Corporates, the CSR fund can be operated for this purpose.

More Definitions of Term Loan Draw Date

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 June 18, 2025.

Term Loan Draw Date means the earlier to occur of (i) the date upon which Domestic Revolving Availability is less than 50% of the Revolving Loan Cap, so long as after giving pro forma effect to the funding of the Term Loan on such date, no Default or Event of Default shall have occurred and be continuing hereunder, or (ii) at any time at the request of the Domestic Borrowers 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.]

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 means the date upon which the Term Loans are borrowed in accordance with Section 2.1B hereof.

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."