Third Amendment Delayed Draw Term Loans definition

Third Amendment Delayed Draw Term Loans means the Delayed Draw Term Loans made on the Third Amendment Effective Date.
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Third Amendment Delayed Draw Term Loans and used the proceeds thereof to finance a portion of the University Acquisition and pay fees, costs and expenses related thereto (or to repay or refinance Cash on hand of Holdings and its Subsidiaries that was used for such purposes) and (ii) the Delayed Draw Term Commitments have been reduced to $0;
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Third Amendment Delayed Draw Term Loans means the Delayed Draw Term Loans made on the Third Amendment Effective Date. “Third Amendment Effective Date” means February 18, 2022. “Threshold Amount” means $5,000,000. “Title Company” means any title insurance company as shall be retained by Borrower to issue the Mortgage Policies and reasonably acceptable to the Administrative Agent. “Xxxxx Resignation Date” means the effective date of Xxxx Xxxxx’x resignation as Interim Chief Executive Officer and as a member of the board of directors or equivalent governing body of the Borrower, which is contingent upon the commencement of Xxxx Xxxxxxx’x employment as Chief Executive Officer of the borrower and effective as of that same date, which is anticipated to be November 1, 2023.
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Examples of Third Amendment Delayed Draw Term Loans in a sentence

  • As of the Third Amendment Effective Date, the Applicable Rate for the Term Loans (including the Third Amendment Delayed Draw Term Loans) is a percentage per annum equal to: (i) for Eurocurrency Rate Loans, 8.25% and (ii) for Base Rate Loans, 7.25%.

  • The Agent shall have received evidence, in form and substance reasonably satisfactory to the Agent, that the proceeds of the borrowing of the Third Amendment Delayed Draw Term Loans on the Third Amendment Effective Date shall only be used by the Borrower (A) to finance Freedom Powersports Acquisition, (B) to pay related fees and expenses, including earn-out obligations with respect to the Freedom Powersports Acquisition and (C) and repay any Indebtedness not otherwise permitted by the Credit Agreement.

  • The Third Amendment Delayed Draw Term Loans are “Delayed Draw Term Loans”, “Initial Term Loans”, “Loans” and “Term Loans” for the purposes of the Credit Agreement and each reference thereto in the Credit Agreement or the other Loan Documents for the period on and after the Third Amendment Effective Date shall be deemed to include the Third Amendment Delayed Draw Term Loans and all other related terms will have correlative meanings, mutatis mutandis.

  • The Third Amendment Delayed Draw Term Loans shall be funded on the Third Amendment Effective Date as Eurocurrency Rate Loans and shall have an initial Interest Period that ends on the same date as the Interest Period applicable to the Initial Term Loans outstanding on the Third Amendment Effective Date prior to giving effect to such Third Amendment Delayed Draw Term Loans.

Related to Third Amendment 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 prior to the Delayed Draw Term Loan Commitment Termination Date, and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate.

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

  • 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.

  • Term Loans as defined in Section 2.1.

  • Term Loan as defined in Section 2.1.