Delayed Draw Term A Loan Commitment means, with respect to each Delayed Draw Term A Loan Lender, the commitment of such Lender to make a Delayed Draw Term A Loan to the Borrower on each Delayed Draw Funding Date A pursuant to Section 2.5(a) in an aggregate principal amount not to exceed the amount set forth next to the name of such Delayed Draw Term A Loan Lender in a Schedule of Commitments to be agreed by the Borrower and such Delayed Draw Term A Loan Lender. The Delayed Draw Term A Loan Commitments of all Delayed Draw Term A Loan Lenders shall not exceed the Delayed Draw Term A Loan Amount. For the avoidance of doubt, the Delayed Draw Term A Loan Commitments terminated in full upon the expiration of the Delayed Draw Term A Loan Availability Period.
Delayed Draw Term A Loan Commitment means, as to each Delayed Draw Term A Lender, its obligation to make Delayed Draw Term A Loans to the Borrower pursuant to Section 2.01(d) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Delayed Draw Term A Lender’s name on Schedule 2.01.
Delayed Draw Term A Loan Commitment means, as to each Delayed Draw Term A Lender, the obligation of such Delayed Draw Term A Lender to make Delayed Draw Term A Loans to the Borrower during the Delayed Draw Term A Loan Availability Period pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01 under the caption “Delayed Draw Term A Loan Commitment” or in the Assignment and Assumption or Incremental Amendment pursuant to which such Delayed Draw Term A Lender became a party hereto, as the same may be adjusted from time to time pursuant to the terms of this Agreement (including as increased, refinanced or extended as provided in Section 2.14, 2.15 and 2.16). The aggregate amount of the Delayed Draw Term A Lenders’ Delayed Draw Term A Loan Commitments on the Restatement Effective Date is $270,000,000.
Examples of Delayed Draw Term A Loan Commitment in a sentence
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The Borrower agrees to pay to the Administrative Agent in Dollars for the account of each Lender with a Delayed Draw Term A Loan Commitment, a fee which shall accrue at the rate of 0.25% per annum on the average daily undrawn portion of the Delayed Draw Term A Loan Commitments (the foregoing fees, the “Delayed Draw Term A Ticking Fee”).
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Subject to the terms and conditions expressly set forth herein and in the Restatement Agreement, after the Restatement Effective Date each Delayed Draw Term A Lender severally agrees to make one or more Delayed Draw Term A Loans, denominated in Dollars, to the Borrower, in up to five drawings during the Delayed Draw Term A Loan Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Delayed Draw Term A Lender’s Delayed Draw Term A Loan Commitment at such time.
Notwithstanding the foregoing, if the total Delayed Draw Term A Loan Commitment as of the Closing Date is not drawn on or prior to the Delayed Draw Term A Loan Commitment Expiration Date, the undrawn amount shall automatically be cancelled.
More Definitions of Delayed Draw Term A Loan Commitment
Delayed Draw Term A Loan Commitment means, as to any Delayed Draw Term A Lend er, the obligation of such Delayed Draw Term A Lender to make Delayed Draw Term A Loans in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01A or in the Assignment and Assumption or Incremental Assumption Agreement pursuant to which such Delayed Draw Term A Lender became a party hereto, as the same may be changed from time to time pursuant to the terms of this Agreement (including as increased, extended or replaced as provided in Section 2.02, 2.19 and 2.20). The aggregate amount of the Delayed Draw Term A Lenders’ Delayed Draw Term A Loan Commit ments on the Restatement Effective Date is $200,000,000.
Delayed Draw Term A Loan Commitment means, on any date, relative to any Delayed Draw Term A Lender, (i) the result obtained by multiplying the Delayed Draw Term A Loan Commitment Amount by such Delayed Draw Term A Lender’s Percentage as reduced by (ii) the principal amount of any Delayed Draw Term A Loans made by such Delayed Draw Term A Lender as of such date. The amount and Percentage of the Delayed Draw Term A Loan Commitment of each Delayed Draw Term A Lender is set forth on such Lender’s signature page hereto or in a Lender Assignment Agreement.
Delayed Draw Term A Loan Commitment means, as to any Delayed Draw Term A Loan Lender, the obligation of such Delayed Draw Term A Loan Lender to make a portion of the Delayed Draw Term A Loans to the account of the Borrower hereunder on the Delayed Draw Funding Dates in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on the Schedule 2.1, as such amount may be reduced or otherwise modified at any time or from time to time pursuant to the terms hereof. The aggregate Delayed Draw Term A Loan Commitment of all Delayed Draw Term A Loan Lenders on the Closing Date shall be $50,000,000. The Delayed Draw Term A Loan Commitment of each Delayed Draw Term A Loan Lender as of the Closing Date is set forth opposite the name of such Delayed Draw Term A Loan Lender on Schedule 2.1.
Delayed Draw Term A Loan Commitment means, as to any Delayed Draw Term A Lender on the First Restatement Effective Date, the amount set forth opposite its name on Part 1 of Schedule 1.1(A) with respect to Delayed Draw Term A Loans, as such Commitment is thereafter reduced by the advances on the Delayed Draw Term A Loans or the termination thereof and “Delayed Draw Term A Loan Commitments” means the aggregate Delayed Draw Term A Loan Commitments of all of the Delayed Draw Term A Lenders. As of the First Restatement Effective Date, the aggregate amount of the Delayed Draw Term A Loan Commitments of all Delayed Draw Term A Lenders is $25,000,000.
Delayed Draw Term A Loan Commitment means, as to each Lender, its obligation to make a Delayed Draw Term A Loan to the Borrower on the Delayed Draw Funding Date pursuant to the Amendment and Restatement Agreement, expressed as an amount representing the maximum principal amount of such Lender’s Delayed Draw Term A Loan to be made by such Lender, as such amount is set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of the Lenders’ Delayed Draw Term A Loan Commitments as of the Restatement Effective Date is $294,702,380.98.
Delayed Draw Term A Loan Commitment means, with respect to each Delayed Draw Term A Lender, the commitment, if any, of such Lender to make Delayed Draw Term A Loans expressed as an amount representing the maximum possible aggregate amount of such Lender’s Delayed Draw Term A Loans hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Delayed Draw Term A Loan Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Delayed Draw Term A Loan Commitment, as applicable. The initial aggregate amount of the Lenders’ Delayed Draw Term A Loan Commitments is equal to $421,675,200.
Delayed Draw Term A Loan Commitment means, with respect to each Delayed Draw Term A Lender, the commitment, if any, of such Lender to make Delayed Draw Term A Loans expressed as an amount representing the maximum possible aggregate amount of such Lender’s Delayed Draw Term A Loans hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Delayed Draw Term A Loan Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Delayed Draw Term A Loan Commitment, as applicable. The initial aggregate amount of the Lenders’ Delayed Draw Term A Loan Commitments is equal to $421,675,200.”Delayed Draw Term A Loan Commitment Expiration Date” means the earlier of (a) the Special Mandatory Prepayment Date and (b) the making of the Delayed Draw Term A Loans on the Delayed Draw Fundingwas equal to $421,675,200 on the Closing Date.