Delayed Draw Term Commitment means, as to each Term A Lender at any time, its obligation to make Delayed Draw Term Loans to the Borrowers pursuant to Section 2.01(c) in an aggregate principal amount equal to the aggregate principal amount of Term A Loans of such Term A Lender outstanding at such time. On the last day of the Availability Period for the Delayed Draw Term Commitments, all Delayed Draw Term Commitments shall be automatically and permanently reduced to $0.
Delayed Draw Term Commitment means, as to each Delayed Draw Term Lender, its obligation to make Delayed Draw Term Loans to the Borrower pursuant to Section 2.01(c) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Delayed Draw Term Lender’s name on Schedule 2.01 under the caption “Delayed Draw Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Delayed Draw Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
Delayed Draw Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Delayed Draw Term Loan to Borrowers in the aggregate principal amount not to exceed the amount set forth under the heading “Delayed Draw Term Commitment” opposite such Lenxxx’x name on Schedule 1.1A. The original aggregate amount of the Delayed Draw Term Commitments is $43,500,000. [***]1
Examples of Delayed Draw Term Commitment in a sentence
The Obligation of the Borrowers to repay the aggregate unpaid principal amount of the Delayed Draw Term Loans made to them by each Lender, together with interest thereon, shall be evidenced by a delayed draw term loan Note, dated as of the date such Delayed Draw Term Loan is drawn, payable to the order of such Lender in a face amount equal to the Delayed Draw Term Commitment of such Lender.
The aggregate of each Lender’s Delayed Draw Term Loans outstanding hereunder to the Borrowers at any time shall never exceed its Delayed Draw Term Commitment.
More Definitions of Delayed Draw Term Commitment
Delayed Draw Term Commitment means, as to each Delayed Draw Term Lender, its obligation to make Delayed Draw Term Loans pursuant to Section 2.01(c) and/or Section 2.16 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Delayed Draw Term Lender's name on Schedule 2.01 under the caption “Delayed Draw Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Delayed Draw Term Lender becomes a party hereto, as applicable, as such amount may be increased by such Delayed Draw Term Lender pursuant to Section 2.16 or otherwise adjusted from time to time in accordance with this Agreement, including pursuant to Section 2.01(c).
Delayed Draw Term Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Delayed Draw Term Loan on the Delayed Draw Term Funding Date, expressed as an amount representing the maximum principal amount of the Delayed Draw Term Loan to be made by such Lender, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender’s Delayed Draw Term Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Delayed Draw Term Commitment, as applicable. The initial aggregate amount of the Lenders’ Delayed Draw Term Commitments is US$400,000,000.
Delayed Draw Term Commitment means, collectively, the Delayed Draw Term A-1 Commitment and the Delayed Draw Term A-2 Commitment.
Delayed Draw Term Commitment means, as to each Term A Lender, the portion of its Term A Commitment with respect to its obligation to make its Delayed Draw Term Loan during the Delayed Draw Availability Period. The Delayed Draw Term Commitment of each Lender shall terminate and be reduced to $0 upon the expiration of the Delayed Draw Availability Period.
Delayed Draw Term Commitment means, with respect to each Lender, the amount, if any, set forth opposite such Lender’s name in Schedule 1 hereto as its “Delayed Draw Term Commitment” on the Closing Date or in the case of any Lender that becomes a party hereto pursuant to an Assignment Agreement, the amount set forth in such Assignment Agreement, as such commitment may be reduced or increased from time to time as a result of assignments to or from such Lender pursuant to Section 11.06. As of the Closing Date, the aggregate amount of Delayed Draw Term Commitments is $175,000,000.
Delayed Draw Term Commitment means, as to each Person, its obligation to make a Delayed Draw Term Loan to the Borrowers pursuant to Section 2.01(c) in an aggregate amount not to exceed the amount set forth opposite such Person’s name on Schedule 2.01 under the caption “Delayed Draw Term Commitment” or in the Assignment and Assumption pursuant to which such Person becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Delayed Draw Term Commitment is $280,000,000.
Delayed Draw Term Commitment means, as to each Term Lender, its obligation to make a Delayed Draw Term Loan to the Borrowers pursuant to Section 2.01(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name in Appendix A under the caption “Delayed Draw Term Commitments” or under the Second Amendment as “Additional Delayed Draw Term Commitments”, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of the Delayed Draw Term Commitments as of the Closing Date was $290,000,000.00. The aggregate amount of the Delayed Draw Term Commitments as of the Second Amendment Effective Date is $320,000,000.00.