Examples of Delayed Draw Term B Loan in a sentence
During the Delayed Draw Term B Loan Availability Period, the Borrower may request, in accordance with this Section 2.5(a), draws of delayed draw term loans (the “Delayed Draw Term B Loans”, and together with the Delayed Draw Term A Loans, the “Delayed Draw Term Loans”) in an aggregate principal amount not to exceed the Delayed Draw Term B Loan Amount.
This credit facility consists of a$280 million Senior Secured Revolving Credit Facility ("Revolver") and a Senior Secured Delayed Draw Term "B" Loan, which had an outstanding balance of $119.3 million at April 30, 2002 ("Term Loan").
Borrower shall utilize proceeds of any Delayed Draw Term B Loan or any Incremental Term Loan first to repay all Revolving Loans outstanding on the date of such Delayed Draw Term B Loan or any Incremental Term Loan and thereafter for funding of Borrower’s working capital and for other general corporate purposes (including Capital Expenditures not made in violation of the terms of this Agreement).
The Borrower agrees to pay on the Delayed Draw Funding Date to each Delayed Draw Term B Lender a closing fee in an amount equal to 0.25% of the stated principal amount (as applicable) of such Lender’s Delayed Draw Term B Loan, payable to such Lender as and when funded on the Delayed Draw Funding Date.
Each Delayed Draw Term B Loan shall be in a minimum amount of $1,000,000 or any greater multiple of $100,000.
Advances on Senior Secured Delayed Draw Term "B" Loan ( the "Term Loan") which provides for up to$150,000, due December 14, 2006, bearing interest at LIBOR plus 3.5% (9.7% at April 30, 2000), and calling for principal payments of $1,500 per year, beginning in Fiscal 2001 with the remaining principal balance due at maturity.
Promptly following receipt of such Delayed Draw Term Loan Borrowing Request in compliance with this Section 2.01(a)(iv), the Administrative Agent shall advise each Delayed Draw Term B Holder of the details thereof, and of the amount of such Holder’s Delayed Draw Term B Loan to be made as part of such borrowing.
On the Delayed Draw Term B Loan Funding Date, the Company shall execute and deliver to each Delayed Draw Term B Holder a Delayed Draw Term B Note in the principal amount of the Delayed Draw Term B Loans made by such Holder on such date.
This line of credit consists of a $300 million Senior Secured Revolving Credit Facility ("Revolver") and a $150 million Senior Secured Delayed Draw Term "B" Loan ("Term Loan").
The Chamkuna Baidungtar has 12 households and is located 300m north of Proposed CPR alignment.