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;

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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 ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ 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

The Term Facility Commitment shall be fully drawn by the Borrower prior to Advances becoming available under the Delayed Draw Facility.
All Advances pursuant to the Delayed Draw Facility shall be in a minimum principal amount of $5,000,000 and incremental multiples of $1,000,000.
Any reduction in the Delayed Draw Facility Commitments or in the undrawn Delayed Draw Dollar Cap shall be made ratably among the Lenders in accordance with their respective Delayed Draw Facility Commitment Percentages.
Each of the Acquisition Facility, Delayed Draw Facility 1, Delayed Draw Facility 2 and any Additional Revolving Facility established on or prior to the Closing Date shall not be utilised unless Facility B has been or is at the same time being utilised.
All unused Delayed Draw Facility Commitments are hereby terminated and the resulting reductions in the Delayed Draw Facility Commitments shall be applied pro rata to the Delayed Draw Facility Commitments of all of the Lenders in accordance with their respective Delayed Draw Facility Commitment Percentages.

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 Facility comprised of the Delayed Draw Commitments.

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

Delayed Draw Facility has the meaning specified in the Recitals.

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.