Delayed Draw Amount definition

Delayed Draw Amount means with respect to each Delayed Draw Lender, the amount set forth opposite such Delayed Draw Lender’s name on Annex I under the caption “Delayed Draw Commitment”, as the same may be (i) reduced by the amount of any reductions of the Delayed Draw Commitments pursuant to Sections 2.01(b), 2.01(c) and 2.07(b) or (ii) reduced or increased from time to time by the amount of reductions or increases in the Delayed Draw Commitments pursuant to assignments thereof by or to any Delayed Draw Lender pursuant to Section 12.04(b).

Delayed Draw Amount means with respect to any Delayed Draw Loan Asset, the aggregate maximum amount of the Borrower’s contractual obligations to provide additional funding with respect to such Loan Asset.

Delayed Draw Amount means the aggregate principal amount of up to $565,000,000 of Term A-1 Loans.

Examples of Delayed Draw Amount in a sentence

• On the Delayed Draw Date, (a) the Affiliate Purchase shall be consummated simultaneously with the funding of the Delayed Draw Amount and (b) the Joint Lead Arrangers shall receive all fees, costs and expenses owing to them, including, without limitation, pursuant to the terms of their fee letter with the Borrower, dated January 8, 2007.

• Proceeds of Super Senior Debt raised before the closing of the Refinancing Transaction will be used to fund capital expenditure payments up to an aggregate amount of $80 million, which will result in a corresponding reduction in the amount of PIK Toggle Notes to be issued on the Settlement Date and, if any additional funding is available, to fund capital expenditure payments up to an aggregate amount of $50 million, which will result in a corresponding reduction in Delayed Draw Amount commitments.

• The Backstop Parties who have committed a portion of the Delayed Draw Amount agree to deliver to the Escrow Agent a copy of a definitive agreement finalizing the terms of the Delayed Equity Draw Commitment pursuant to the Equity Commitment Agreement (the “Delayed Draw Equity Commitment Agreement”) executed by such Backstop Parties.

• The Aggregate Commitments shall be terminated (i) as to the Initial Funding Amount, at 2:00 p.m. on the Closing Date; (ii) as to the Delayed Draw Amount, on the earlier of (A) the date that any portion of the Delayed Draw Amount is disbursed to the Borrower and (B) the expiration of the Availability Period; and (iii) as to any increase in the Aggregate Commitments pursuant to Section 2.14, at 2:00 p.m. on such Increase Effective Date.

• In addition, at the written request and in the sole discretion of the Borrower (subject to Section 5.31) from time to time after the Closing Date, the Lender shall make one or more additional loans (which will constitute Tranche B Loans) to the Borrower in an aggregate principal amount not to exceed the Delayed Draw Amount (each, a “Delayed Draw Loan”).

More Definitions of Delayed Draw Amount

Delayed Draw Amount means the Closing Delayed Draw Amount, as such amount may be decreased pursuant to Section 2.10 hereof.

Delayed Draw Amount means with respect to each Delayed Draw Lender, the amount set forth opposite such Delayed Draw Lender’s name on Annex I under the caption “ Delayed Draw Commitment”, as the same may be (i) reduced by the amount of any reductions of the Delayed Draw Commitments pursuant to Sections 2.01(b) and 2.06(b) or (ii) reduced or increased from time to time by the amount of reductions or increases in the Delayed Draw Commitments pursuant to assignments thereof by or to any Delayed Draw Lender pursuant to Section 12.04(b).

Delayed Draw Amount means Delayed Draw Term Loans in an aggregate principal amount of $350,000,000.

Delayed Draw Amount means the net proceeds of additional notes issued by the Lender and purchased by MBIA Inc. after the Closing Date pursuant to the Subordinated Facility, up to $50,000,000 in the aggregate.

Delayed Draw Amount means the amount of the New Credit Facility that is not accessed on orbefore the Effective Date in accordance with the New Credit Facility Agreement.

Delayed Draw Amount has the meaning assigned to such term in Section 2.01(a).

Delayed Draw Amount means the lesser of (i) $4,513,050.00 and (ii) the Synthetic DSCR Principal Amount supported solely by the Xxxxxxxx Property.