Common use of Delayed Draw Term Loan Clause in Contracts

Delayed Draw Term Loan. Until the Term Loan Maturity Date and subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Term Loan Lender severally, but not jointly, agrees to make available to the Borrowers (through the Administrative Agent) from time to time, in accordance with clause (b)(i)(C) below, such Term Loan Lender’s Term Loan Commitment Percentage of a term loan in Dollars (each, a “Delayed Draw Term Loan”) in the aggregate principal amount, after giving effect to all Delayed Draw Term Loan borrowings, of up to TWENTY TWO MILLION EIGHT HUNDRED NINETEEN THOUSAND SIX HUNDRED EIGHTY THREE DOLLARS AND SIXTY CENTS ($22,819,683.60), which amount shall not exceed the maximum aggregate Allocated Term Loan Amount for the future fundings approved by the Administrative Agent in its discretion on Term Loan Collateral identified on Schedule 1-B to the Fee Letter (the “Delayed Draw Term Loan Committed Amount”), for the purposes hereinafter set forth. A Delayed Draw Term Loan borrowing may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Amounts repaid or prepaid on a Delayed Draw Term Loan may not be reborrowed.

Delayed Draw Term Loan. Until the Term Loan Maturity Date and subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Term Loan Lender severally, but not jointly, agrees to make available to the Borrowers (through the Administrative Agent) from time to time, in accordance with clause (b)(i)(CC) below, such Term Loan Lender’s Term Loan Commitment Percentage of a term loan in Dollars (each, a “Delayed Draw Term Loan”) in the aggregate principal amount, after giving effect to all Delayed Draw Term Loan borrowings, of up to TWENTY TWO NINETY FOUR MILLION THREE HUNDRED EIGHTY-EIGHT THOUSAND SEVEN HUNDRED NINETEEN THOUSAND SIX HUNDRED EIGHTY THREE SEVENTY-NINE DOLLARS AND SIXTY CENTS ($22,819,683.6094,388,779.00), which amount shall not exceed equal the maximum aggregate Allocated Term Loan Amount for the future fundings approved by the Administrative Agent in its discretion on Term Loan Collateral identified on Schedule 1-B to the Fee Letter as provided below (the “Delayed Draw Term Loan Committed Amount”), ) for the purposes hereinafter set forth. A Delayed Draw Term Loan borrowing may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request; provided, however, that on the Closing Date and for the two (2) Business Days following the Closing Date, a Delayed Draw Term Loan borrowing shall only consist of Alternate Base Rate Loans. Amounts repaid or prepaid on a Delayed Draw Term Loan may not be reborrowed.

Delayed Draw Term Loan. Until the Term Loan Maturity Date and subject Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Delayed Draw Term Loan Lender severally, but not jointly, severally agrees to make available to the Company and the Subsidiary Borrowers (through as directed by the Company)(through the Administrative Agent) from time to timeon each Delayed Draw Funding Date, in accordance with clause (b)(i)(CSection 2.3(b) below, such Delayed Draw Term Loan Lender’s Delayed Draw Term Loan Commitment Percentage of a term loan in Dollars (each, a the “Delayed Draw Term Loan”) in the aggregate principal amount, amount after giving effect to all Delayed Draw Term Loan borrowings, borrowings of up to TWENTY TWO HUNDRED FIFTY MILLION EIGHT HUNDRED NINETEEN THOUSAND SIX HUNDRED EIGHTY THREE DOLLARS AND SIXTY CENTS ($22,819,683.60), which amount shall not exceed the maximum aggregate Allocated Term Loan Amount for the future fundings approved by the Administrative Agent in its discretion on Term Loan Collateral identified on Schedule 1-B to the Fee Letter 250,000,000) (the “Delayed Draw Term Loan 104 Committed Amount”), ) for the purposes hereinafter set forth. A Delayed Draw Term Loan borrowing may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower Company may request; provided, however, that on the Effective Date and on the three (3) Business Days following the Effective Date, the Delayed Draw Term Loan may only consist of Alternate Base Rate Loans unless the Company delivers a funding indemnity letter reasonably acceptable to the Administrative Agent not less than three (3) Business Days prior to the Effective Date. LIBOR Rate Loans shall be made by each Delayed Draw Term Loan Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. Amounts repaid or prepaid on a Delayed Draw Term Loan borrowing may not be reborrowed.

Delayed Draw Term Loan. Until the Term Loan Maturity Date and subject Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Term Loan Lender severally, but not jointly, severally agrees to make available fund its Pro Rata Share of a term loan to the Borrower Representative on behalf of the Borrowers (through the Administrative Agent“Delayed — Draw Term Loan,” and together with the Initial Term Loan, the “Term Loans”) from time during the Delayed — Draw Term Loan Availability Period in an aggregate amount not to time, in accordance with clause (b)(i)(C) below, exceed such Term Loan Lender’s Delayed — Draw Term Loan Commitment Percentage of a term loan in Dollars (eachCommitment; provided, a “Delayed Draw Term Loan”) in the aggregate principal amount, that after giving effect to all any Borrowing under the Delayed — Draw Term Loan, the outstanding amount of the Delayed — Draw Term Loan borrowings, of up to TWENTY TWO MILLION EIGHT HUNDRED NINETEEN THOUSAND SIX HUNDRED EIGHTY THREE DOLLARS AND SIXTY CENTS ($22,819,683.60), which amount shall not exceed the maximum aggregate Allocated Term Loan Amount for the future fundings approved by the Administrative Agent in its discretion on Term Loan Collateral identified on Schedule 1-B to the Fee Letter (the “total Delayed — Draw Term Loan Committed Amount”), for the purposes hereinafter set forth. A Delayed Draw Term Loan borrowing may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may requestCommitments. Amounts repaid or prepaid on a the Delayed — Draw Term Loan may not be reborrowedre-borrowed. The Delayed — Draw Term Loan may consist of Base Rate Loans or LIBOR Loans, as further provided herein. No more than eight (8) Delayed - Draw Term Loan Borrowings may be made during the Delayed - Draw Term Loan Availability Period. Each Borrowing of Delayed - Draw Term Loans shall be in a principal amount of $2,000,000 or a whole multiple of $100,000 in excess thereof and may include funding for one or more Permitted Acquisitions occurring on or prior to the date thereof.

Delayed Draw Term Loan. Until the Term Loan Maturity Date and subject Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Delayed Draw Term Loan Lender severally, but not jointly, severally agrees to make available to the Company and the Subsidiary Borrowers (through as directed by the Company)(through the Administrative Agent) from time to timeon each Delayed Draw Funding Date, in accordance with clause (b)(i)(CSection 2.3(b) below, such Delayed Draw Term Loan Lender’s Delayed Draw Term Loan Commitment Percentage of a term loan in Dollars (each, a the “Delayed Draw Term Loan”) in the aggregate principal amount, amount after giving effect to all Delayed Draw Term Loan borrowings, borrowings of up to TWENTY TWO HUNDRED FIFTY MILLION EIGHT HUNDRED NINETEEN THOUSAND SIX HUNDRED EIGHTY THREE DOLLARS AND SIXTY CENTS ($22,819,683.60), which amount shall not exceed the maximum aggregate Allocated Term Loan Amount for the future fundings approved by the Administrative Agent in its discretion on Term Loan Collateral identified on Schedule 1-B to the Fee Letter 250,000,000) (the “Delayed Draw Term Loan Committed Amount”), ) for the purposes hereinafter set forth. A Delayed Draw Term Loan borrowing may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower Company may request; provided, however, that on the Effective Date and on the three business days following the Effective Date, the Delayed Draw Term Loan may only consist of Alternate Base Rate Loans unless the Company delivers a funding indemnity letter reasonably acceptable to the Administrative Agent not less than three (3) Business Days prior to the Effective Date. LIBOR Rate Loans shall be made by each Delayed Draw Term Loan Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. Amounts repaid or prepaid on a Delayed Draw Term Loan borrowing may not be reborrowed.