Delayed Draw Term Lender definition
Examples of Delayed Draw Term Lender in a sentence
Any reduction of the Delayed Draw Term Commitments shall be applied to the Delayed Draw Term Commitment of each Delayed Draw Term Lender according to its Applicable Percentage.
The Borrower shall pay to the Administrative Agent for the account of each Delayed Draw Term Lender in accordance with its Applicable Percentage of the Delayed Draw Term Facility, a per annum unused line fee equal to 0.15% times the aggregate Delayed Draw Term Commitments at such time1, subject to adjustment as provided in Section 2.18.
Subject to the terms and conditions set forth herein, each Delayed Draw Term Lender severally agrees to make up to four (4) Delayed Draw Term Loans to the Borrower from time to time on any Business Day on or prior to the Delayed Draw Termination Date in Dollars in an aggregate principal amount for all such Delayed Draw Term Borrowings not to exceed such Delayed Draw Term Lender’s Delayed Draw Term Commitment.
Notwithstanding anything to the contrary contained herein, each Delayed Draw Term Lender may, at its option, fulfill its obligations to make any Delayed Draw Term Loan available to the Borrower by causing any foreign or domestic branch or Affiliate of such Lender to make such Loan; provided that the exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.