Delayed Draw Commitment Amount definition

Delayed Draw Commitment Amount means the total aggregate amount of principal that Lenders have agreed to fund (subject to the terms and condition set forth in this Agreement, including Sections 6.2 and 6.3) in respect of any Delayed Draw Financing, as such amount is set forth in the Underlying Financing Specification for such Delayed Draw Financing.

Delayed Draw Commitment Amount means $10,000,000.

Delayed Draw Commitment Amount means $25,000,000.

Examples of Delayed Draw Commitment Amount in a sentence

• The Delayed Draw Commitment Amount shall automatically and permanently be reduced to zero on the Delayed Draw Commitment Termination Date.

• On the terms and subject to the conditions of this Agreement, the Lender agrees to make a term loan (the “Delayed Draw Loan”) to the Borrower on the Delayed Draw Closing Date in an amount equal to (but not less than) the Delayed Draw Commitment Amount.

• In the event that the Borrower elects a Delayed Draw Commitment Amount equal to $20,000,000, the Lender shall have received a Note in the form of Exhibit F hereto duly executed and delivered by an Authorized Officer of the Borrower, in exchange for the original Note delivered to the Lender on the Closing Date which shall be cancelled, without further action, upon delivery of the new Note to the Lender.

• Notwithstanding anything set forth herein to the contrary, a Defaulting Lender shall not have any voting or consent rights under or with respect to any Financing Document or constitute a “Lender” (or be included in the calculation of “Lead Lenders” or “Required Lenders” hereunder) for any voting or consent rights under or with respect to any Financing Document except that neither the Delayed Draw Commitment Amount of such Lender may be increased or extended without the consent of such Lender.

• On the terms and subject to the conditions of this Agreement, the Lender agrees to make a term loan (the “Tranche B Delayed Draw Loan”) to the Borrower on the Tranche B Delayed Draw Closing Date in an amount equal to (but not less than) the Tranche B Delayed Draw Commitment Amount.

More Definitions of Delayed Draw Commitment Amount

Delayed Draw Commitment Amount means the lesser of (i) $10,000,000 and (ii) the difference between $30,000,000 and the amount of the Tender Offer Term Borrowing. The Delayed Draw Commitment Amount is part of, and not in addition to, the Term Commitment.

Delayed Draw Commitment Amount in Section 1.1 of the Credit Agreement is hereby amended so that the definition reads in its entirety as follows:

Delayed Draw Commitment Amount means an amount equal to (a) $10,000,000 or (b) $20,000,000, as determined by the Borrower in its sole discretion.

Delayed Draw Commitment Amount means each of the First Delayed Draw Commitment Amount and the Second Delayed Draw Commitment Amount.

Delayed Draw Commitment Amount means $5,000,000.

Delayed Draw Commitment Amount means $30,000,000.

Delayed Draw Commitment Amount means $4,000,000.