Common use of Delayed Draw Commitments Clause in Contracts

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 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 Eurodollar Loans or a combination thereof. Amounts borrowed under this Section 2.5(a) and repaid or prepaid may not be reborrowed.