Delayed Draw Term Borrowing definition

Delayed Draw Term Borrowing means a borrowing consisting of simultaneous Delayed Draw Term Loans of the same Class and Type made, converted or continued on the same date and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Delayed Draw Term Lenders pursuant to Section 2.01(b).
Sample 1Sample 2Sample 3
Delayed Draw Term Borrowing means a Borrowing comprised of Delayed Draw Term Loans.
Sample 1Sample 2
Delayed Draw Term Borrowing means any Term Borrowing other than the Tender Offer Term Borrowing, made pursuant to clause (ii) of Section 2.01(a).
Sample 1Sample 2

Examples of Delayed Draw Term Borrowing in a sentence

  • Each Delayed Draw Term Borrowing shall consist of Delayed Draw Term Loans made simultaneously by the applicable Delayed Draw Term Lenders in accordance with their respective applicable Delayed Draw Term Commitments.

  • The Delayed Draw Term Borrowing shall be made on one occasion and consist of the Delayed Draw Term Loans made simultaneously by the Delayed Draw Term Loan Lenders in accordance with their respective Applicable Percentages of the Delayed Draw Term Loan Facility.

  • Each Delayed Draw Term Borrowing on the Delayed Draw Funding Date shall consist of Delayed Draw Term Loans made simultaneously by the Delayed Draw Term Lenders in the same currency in accordance with their respective Applicable Percentages of the Delayed Draw Term Facility.

  • The Delayed Draw Term Borrowing shall consist of Delayed Draw Term Loans made simultaneously by the Delayed Draw Term Lenders in accordance with their respective Applicable Percentages of the Delayed Draw Term Facility.

  • Borrowings also may be classified and referred to by Class (E.G., a "Dollar Delayed Draw Term Borrowing") or by Type (E.G., a "Dollar Eurocurrency Borrowing") or by Class and Type (E.G., a "Dollar Eurocurrency Delayed Draw Term Borrowing").

  • Each DIP Delayed Draw Term Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon Borrowers’ irrevocable notice to Administrative Agent, which shall be given by delivery of a Loan Notice.

  • Each Delayed Draw Term Borrowing shall be in an aggregate minimum amount of $20,000,000 and integral multiples of $1,000,000 in excess thereof; provided, further, that a Delayed Draw Term Borrowing may be in the aggregate amount of the remaining unfunded amount of the Term Loan Commitmentsequal to its then unfunded Commitment, which Delayed Draw Term Loans remain outstanding on the First Amendment Effective Date.

  • Another area of importance a business model offers, is in the MVNO model.

  • Each Term Borrowing, each Revolving Credit Borrowing, each Delayed Draw Term Borrowing, each conversion of Term Loans or Revolving Credit Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrowers’ irrevocable written Borrowing Notice, appropriately completed and signed by a Responsible Officer of the Borrowers, to the Administrative Agent.

  • The Delayed Draw Term Borrowing shall be made upon receipt of a Notice of Borrowing given by the Borrower to the Administrative Agent not later than 11:00 a.m. (New York Time) three Business Days prior to the proposed Delayed Draw Term Borrowing on the Delayed Draw Funding Date of Base Rate Loans or Eurodollar Rate Loans.


More Definitions of Delayed Draw Term Borrowing

Delayed Draw Term Borrowing means a borrowing consisting of the Delayed Draw Term Loans of the same Class, made, converted or continued on the same date and having the same Interest Period made by each of the Delayed Draw Term Lenders pursuant to Section 2.01(c).
Sample 1Sample 2
Delayed Draw Term Borrowing means a Borrowing of any Delayed Draw TermLoans.
Sample 1Sample 2

Related to Delayed Draw Term Borrowing

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Lenders pursuant to Section 2.01(b).

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”