Delayed Draw Term Facility definition

Delayed Draw Term Facility means, at any time, the credit facility constituting the Delayed Draw Term Commitments and Delayed Draw Term Loans.

Delayed Draw Term Facility means (a) at any time on or prior to the Delayed Draw Termination Date, the aggregate amount of the Delayed Draw Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Delayed Draw Term Loans of all Delayed Draw Term Lenders outstanding at such time. On the Closing Date the Delayed Draw Term Facility is $104,655,000.00, and on the Delayed Draw Funding Date will be adjusted as described in Section 2.01(c).

Delayed Draw Term Facility means, at any time, the aggregate amount of the Delayed Draw Term Lenders’ Delayed Draw Term Commitments at such time.

Examples of Delayed Draw Term Facility in a sentence

• The Delayed Draw Term Loan Commitment of each Delayed Draw Term Lender shall be automatically and permanently reduced to $0 upon the earlier of (i) the last day of the Availability Period for the Delayed Draw Term Facility and (ii) the date that the aggregate principal amount of the Delayed Draw Term Loan borrowed equals the aggregate Delayed Draw Term Loan Commitment.

• Subject to the terms and conditions set forth herein, each Delayed Draw Term Lender severally agrees to make to the Borrowers Delayed Draw Term Loans denominated in Dollars in an aggregate principal amount that will not result in the aggregate principal amount at such time of all outstanding Delayed Draw Term Loans exceeding the aggregate Delayed Draw Term Loan Commitment, at any time on a date after the Closing Date but prior to end of the Availability Period for the Delayed Draw Term Facility.

• All of the Borrower’s obligations under this Article III shall survive the termination of the Revolving Credit Facility, the Term Facility and the Delayed Draw Term Facility, repayment of all other Obligations hereunder, and resignation of the Administrative Agent.

• Accrued Delayed Draw Term Unused Fees shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period for the Delayed Draw Term 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.

More Definitions of Delayed Draw Term Facility

Delayed Draw Term Facility means, (a) at any time during the Availability Period in respect of such Facility, the sum of (i) the aggregate amount of the Delayed Draw Term Commitments at such time and (ii) the aggregate amount of the Delayed Draw Term Loans of all Delayed Draw Term Lenders outstanding at such time and (b) thereafter, the aggregate amount of Delayed Draw Term Loans of all Delayed Draw Term Lenders outstanding at such time. On the Closing Date the Delayed Draw Term Facility is $75,000,000.

Delayed Draw Term Facility the Delayed Draw Term Commitments and the Delayed Draw Term Loans made thereunder.

Delayed Draw Term Facility means the Delayed Draw Term Loans provided to or for the benefit of the Borrower pursuant to the terms of this Agreement.

Delayed Draw Term Facility means the senior secured delayed draw term loan facility under the Credit Agreement in an aggregate principal amount of up to $75 million.

Delayed Draw Term Facility has the meaning set forth in the Syndicated Facility Agreement (First Lien).

Delayed Draw Term Facility the meaning set forth in the definition of “Facility”.

Delayed Draw Term Facility as defined in the definition of "Facility".