Definition of Available Delayed Draw Term Loan Commitment


Available Delayed Draw Term Loan Commitment means, in relation to a Lender at any time, such Lender's Delayed Draw Term Loan Commitment at such time less the aggregate outstanding principal amount of Delayed Draw Term Loans made by such Lender prior to such time.

Examples of Available Delayed Draw Term Loan Commitment in a sentence

Borrower agrees to pay to the Administrative Agent in Dollars, for the account of each Lender with an Available Delayed Draw Term Loan Commitment, a commitment fee (the Delayed Draw Commitment Fee) for each day from the Closing Date to the Delayed Draw Term Loan Commitment Termination Date.