Delayed Draw Commitments. Subject to the terms and conditions herein set forth, each Lender hereby agrees severally, but not jointly, to make Loans directly (and not through the Administrative Agent) to the Company from time to time in an amount equal to such Lender’s Pro Rata share of the aggregate Delayed Draw Commitments. The Delayed Draw Commitments of the Lenders shall expire on the last day of the Delayed Draw Commitment Period. In addition to the Company satisfying the conditions to the making of a Delayed Draw Loan set forth in Section 12.2: (i) The aggregate principal amount of each Delayed Draw Loan shall be for no less than $1,000,000 (or a larger multiple of $1,000,000); and (ii) No more than one Delayed Draw Loan may be requested in any single calendar month. As of the First Amendment Closing Date, the Delayed Draw Commitment has been fully funded.
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Delayed Draw Commitments. Subject to the terms and conditions herein set forth, each Lender hereby agrees severally, but not jointly, to make Loans directly (and not through the Administrative Agent) to the Company from time to time in an amount equal to such Lender’s Pro Rata share of the aggregate Delayed Draw Commitments. The Delayed Draw Commitments of the Lenders shall expire on the last day of the Delayed Draw Commitment Period. In addition to the Company satisfying the conditions to the making of a Delayed Draw Loan set forth in Section 12.2:
(i) The aggregate principal amount of each Delayed Draw Loan shall be for no less than $1,000,000 (or a larger multiple of $1,000,000); and
(ii) No more than one Delayed Draw Loan may be requested in any single calendar month. As of the First Amendment Closing Date, the Delayed Draw Commitment has been fully funded.
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