Definition of Delayed Draw B Term Loan Commitment Termination Date


Delayed Draw B Term Loan Commitment Termination Date means the earliest to occur of (i) the date the Delayed Draw B Term Loan Commitments are permanently reduced to zero pursuant to Section 2.01(b), (ii) the date of the termination of the Delayed Draw B Term Loan Commitments pursuant to Section 2.05(a), (iii) the date of the termination of the Delayed Draw B Term Loan Commitments pursuant to Section 9.01 and (iv) the Final Maturity Date.
Sample 1

Examples of Delayed Draw B Term Loan Commitment Termination Date in a sentence

From and after the Effective Date and until the Delayed Draw B Term Loan Commitment Termination Date, the Borrowers shall pay to the Administrative Agent, for the benefit of the Lenders in accordance with their Pro Rata Shares, monthly in arrears on the first Business Day of each month commencing July 1, 2016, an unused line fee (the "Delayed Draw B Unused Line Fee"), which shall accrue at the rate per annum of 5.00% on the undrawn amount, if any, of the Total Delayed Draw B Term Loan Commitment.
The Total Delayed Draw B Term Loan Commitment shall terminate on the Delayed Draw B Term Loan Commitment Termination Date.