Delayed Draw Commitments Sample Clauses

Delayed Draw Commitments. Subject to the terms and conditions set forth herein, each Lender with a Delayed Draw Commitment severally agrees to make Delayed Draw Term Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount outstanding at any time not to exceed the Delayed Draw Commitment of such Lender. The Delayed Draw Term Loans may be, from time to time, Base Rate Loans or SOFR Loans or a combination thereof. Amounts borrowed under this Section 2.5(a) and repaid or prepaid may not be reborrowed.

Delayed Draw Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make its Delayed Draw Commitment Percentage of Delayed Draw Term Loans in Dollars to the Borrower from time to time (but, in any event, on no more than four (4) occasions) from the Closing Date to, but not including, the Delayed Draw Commitment Termination Date, as requested by the Borrower in accordance with the terms of Section 2.01(b); provided that (x) after giving effect to any amount requested, no Lender’s Delayed Draw Commitment shall be less than zero and (y) no more than four (4) Delayed Draw Term Loans may be made hereunder. Each Delayed Draw Term Loan by a Lender shall be in a principal amount equal to such Lender’s Delayed Draw Commitment Percentage multiplied by the aggregate principal amount of Delayed Draw Term Loans requested on such occasion. Any amount borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Delayed Draw Term Loans shall be paid in full no later than the Maturity Date.

Delayed Draw Commitments. Each Lender hereby establishes a Delayed Draw Commitment in the amount indicated with respect to such Lender on Schedule I to the Margin Loan Agreement, as amended hereby.

Delayed Draw Commitments. The Borrower shall pay to the Administrative Agent for the account of each Term Lender with a Delayed Draw Term Commitment in accordance with its Applicable Percentage, a commitment fee accruing at 3.25% per annum times the actual daily amount by which the Total Delayed Draw Commitments exceeds the outstanding amount of the Delayed Draw Term Loans. Such commitment fee shall accrue at all times during the Delayed Draw Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last Business Day of the Delayed Draw Availability Period.

Delayed Draw Commitments. (i) During the Delayed Draw Period, subject to the terms and conditions hereof, each Lender agrees from time to time to make loans to the Borrower (each a “Loan” and collectively, the “Loans”), in an aggregate amount up to but not exceeding, its Delayed Draw Commitment; provided, that after giving effect to the making of any Loan, no Borrowing Base Deficiency shall exist. (ii) No amounts borrowed pursuant to this Section 2.1(a) and repaid may be re-borrowed. (iii) During the Term, the remaining Delayed Draw Commitments of the Lenders hereunder on any date shall be equal to the Facility Availability. (iv) Each Lender’s Delayed Draw Commitment shall expire on the Termination Date and no new Loans shall be funded after such date. (v) All Loans and all other Obligations shall be paid in full no later than the Maturity Date.

Delayed Draw Commitments. During the Delayed Draw Commitment Period, each Lender severally agrees to make one or more Delayed Draw Loans in an amount up to but not exceeding such Lender's Delayed Draw Commitment. Any amount borrowed under this Section 2.2(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a) and 2.15, all amounts owed hereunder with respect to the Delayed Draw Loans shall be paid in full no later than the Delayed Draw Loan Maturity Date. Each Lender's Delayed Draw Commitment shall expire on the Delayed Draw Commitment Termination Date.

Delayed Draw Commitments. Upon the earlier to occur of (i) at the close of business on the Delayed Draw Closing Date and (ii) the close of business on August 31, 2019, the Delayed Draw Commitments shall automatically and without notice be reduced to zero, and once borrowed or repaid, the Delayed Draw Loan may not be reborrowed.

Delayed Draw Commitments. Each Committing Lender hereby agrees, on the terms and subject to the conditions set forth in the Incremental Delayed Draw Term Loan Notice (as defined below), this Amendment and the Amended Credit Agreement, severally and not jointly with any other Committing Lender (i) to provide to the Borrowers Delayed Draw Commitments in the aggregate principal amount set forth for such Committing Lender on Schedule I hereto (the “Delayed Draw Commitments”) and (ii) to make Delayed Draw Term Loans to Borrowers from time to time during the Delayed Draw Commitment Period in an aggregate principal amount advanced under the Amended Credit Agreement that will not result in (a) such Committing Lender’s aggregate Delayed Draw Term Loans advanced exceeding the amount set forth for such Committing ▇▇▇▇▇▇’s Delayed Draw Commitments or (b) the aggregate original principal amount of all Delayed Draw Term Loans advanced under the Amended Credit Agreement exceeding the aggregate Delayed Draw Commitments. All Delayed Draw Term Loans and Delayed Draw Commitments shall be considered to be the same Class of Incremental Term Loans and Incremental Term Loan Commitments, respectively, for all purposes of the Amended Credit Agreement. Each Borrowing of Delayed Draw Term Loans shall be funded by the Committing Lenders on a pro rata basis in accordance with the Delayed Draw Commitments. All Delayed Draw Commitments shall automatically terminate on the Delayed Draw Commitment Termination Date.