Delayed Draw Closing Date definition
Examples of Delayed Draw Closing Date in a sentence
As of any Delayed Draw Closing Date, no Material Adverse Effect has occurred and is continuing.
Each Lender shall, on the applicable Delayed Draw Closing Date, and subject to the terms and conditions hereof, make the requested proceeds of such ▇▇▇▇▇▇’s portion of the Delayed Draw Loans requested pursuant to such Loan Request available to or as instructed by the Administrative Agent.
The obligation of each Lender to make its portion of the Delayed Draw Loans on the First Delayed Draw Closing Date shall be subject to the prior making of the Initial Loan, the delivery of a Loan Request pursuant to Section 2.2, and the satisfaction of each of the conditions precedent set forth below in Sections 5.3, 5.8, and 5.19.
On the Closing Date and each Delayed Draw Closing Date, as applicable, after giving effect to the incurrence of the Initial Loans and the applicable Delayed Draw Loans, respectively, and the use of proceeds of such Loans, the Borrower and the Subsidiaries taken as a whole, on a consolidated basis, both before and after giving effect to the Loans, are Solvent.
To the knowledge of the Borrower, none of the Borrower or any of the Subsidiaries is employing or utilizing the services of any individual who has been debarred or suspended under any applicable Law since January 1, 2020 other than, with respect to each Delayed Draw Closing Date, any employee or service provider that has been terminated by Borrower reasonably promptly following the Borrower or its Subsidiaries becoming aware of such suspension or debarment.