Delayed Draw Facility definition

Delayed Draw Facility means our $40.0 million delayed draw term loan facility, pursuant to an amended and restated first lien credit agreement entered into on May 14, 2019;

Delayed Draw Facility means that certain Loan Agreement, dated as of January 25, 2023 (as amended, modified or restated from time to time), among the Company, the various institutions party thereto from time to time and X.X. Xxxxxx Xxxxx Bank, N.A., as administrative agent.

Delayed Draw Facility means the $263 million Delayed Draw Senior Tranche B Term Loan Facility under the Credit Agreement.

Examples of Delayed Draw Facility in a sentence

• However, the sale or transfer of any Lot pursuant to mortgage foreclosure, trustee sale, or any proceeding or conveyance in lieu thereof to enforce or extinguish a bona fide first purchase money mortgage or deed of trust, shall extinguishthe lien of such Assessment as to payments which become due prior to such sale or transfer.

• Expanding the BordersThe notion of expanding the border has been a fundamental component of the border protection framework.

• If and when the Delayed Draw Facility is fully drawn by the Company, the Company will recognize the remaining unamortized prepaid asset net against the carrying amount of the borrowing.

• The indebtedness under the 5.50% Series E Medium-Term Notes due 2008 was paid in full with the proceeds of a draw under the Delayed Draw Facility.

• The Company may make drawdowns, conversions and rollovers under the Delayed Draw Facility in Canadian dollars, by way of Prime Rate Advances or BA and BA Equivalent Notes to finance acquisitions, capital expenditures and the payment of earn-out obligations.

More Definitions of Delayed Draw Facility

Delayed Draw Facility means a delayed draw term loan facility in the aggregate principal amount equal to the Delayed Draw Facility Commitments of the Lenders, which facility may be made available, after the Closing Date, by Lenders with Delayed Draw Facility Commitments to the Borrower pursuant to Section 2.1(3).

Delayed Draw Facility means the Delayed Draw Commitments and the Delayed Draw Term Loans made thereunder by the Delayed Draw Lenders.

Delayed Draw Facility means that certain Loan Agreement, dated as of January 25, 2023 (as amended, modified or restated from time to time), among the Corporation, the various institutions party thereto from time to time and J.P. Morgan Chase Bank, N.A., as administrative agent.

Delayed Draw Facility means the senior secured mortgage term loan facility described in Section 2.03.1(a) providing for Delayed Draw Loans to the applicable Mortgage Loan Borrowers by the Mortgage Loan Lenders, as such facility may be increased or decreased pursuant to the terms hereof. Notwithstanding anything hereunder to the contrary, references hereunder to the Delayed Draw Facility shall be deemed to be a reference to an individual Class of Delayed Draw Loans under the Delayed Draw Facility, or all Classes of Delayed Draw Loans under the Delayed Draw Facility, as the context requires.

Delayed Draw Facility means the Delayed Draw Commitments and the C Term Loans made thereunder but excluding any C Term Loans converted into B Term Loans on the DD Termination Date pursuant to Section 2.01(b). If the Company is the DD Borrower, on the DD Termination Date the Delayed Draw Facility shall terminate and be subsumed in the Term Loan Facility.

Delayed Draw Facility has the meaning specified in the Recitals.

Delayed Draw Facility has the meaning assigned to such term in the recitals hereof.