Examples of Delayed Draw Note in a sentence
Once drawn, no Delayed Draw Note Commitment may be redrawn, whether or not the Delayed Draw Notes related thereto have been repaid or prepaid.
All of the Note Parties’ obligations under this Article III shall survive any transfer of the Notes, the termination of the Delayed Draw Note Commitments, the repayment, satisfaction or discharge of the Obligations hereunder and the resignation or replacement of the Collateral Agent.
The Indebtedness represented by the Notes and the other Obligations under the applicable Note Documents of each Note Party is intended to constitute senior secured Indebtedness, and accordingly is, and shall be, at all times while the Notes and the other Obligations remain outstanding or the Purchasers have any outstanding Delayed Draw Note Commitments hereunder, pari passu or senior in right of payment with all Indebtedness (if any) of such Note Party.
The Calculation Agent and Administrator shall in respect of a Delayed Draw Note issue a Funding Request (if required) to Noteholders no later than ten (10) Business Days prior to the Funding Date.
A Note shall be a Delayed Draw Note until all Remaining Funding Commitments are reduced to zero, cancelled or terminated.