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 were 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

  • 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 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.

  • 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.

  • 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%.

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 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 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.

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

  • 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.

  • New Term Loans as defined in Section 2.24.

  • 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.

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

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

  • Tranche B Term Loan as defined in Section 2.1.

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

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • 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.

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

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

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

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

  • 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.

  • Tranche C Term Loan as defined in Section 2.1.

  • 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.

  • 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.

  • New Term Facility has the meaning specified in Section 2.14(a).