Delayed Draw Term Loan definition

Delayed Draw Term Loan has the meaning specified in Section 2.01(b).
Delayed Draw Term Loan means, collectively, the loans made by the Delayed Draw Term Loan Lenders to the Borrower pursuant to Section 2.01(a).
Delayed Draw Term Loan shall have the meaning provided in Section 2.1(a). For the avoidance of doubt, all Delayed Draw Term Loans are 2014 Term Loans.

Examples of Delayed Draw Term Loan in a sentence

  • From and after the Tenth Amendment Effective Date, each Delayed Draw Term Loan Lender hereunder shall be a party to the Credit Agreement as a “Lender” thereunder and have the rights and obligations of a Lender under this Amendment, the Credit Agreement and the Other Documents and shall be bound by the provisions thereof.

  • Day prior to the Tenth Amendment Effective Date (or, in the case of a Delayed Draw Term Loan made after the Tenth Amendment Effective Date, eleven (11) U.S. Government Securities Business Days prior to the Fourth Amendment Effective Date (orfunding date of such Delayed Draw Term Loan, or in each case, such shorter period that Agent may agree).

  • Each Delayed Draw Term Loan made pursuant to the Credit Agreement shall for all purposes constitute Obligations under the Credit Agreement and shall be secured and guaranteed with the other Obligations on a pari passu basis but shall be subject to payment priority as set forth in the Credit Agreement.

  • The Borrower shall have the right at any time to terminate or reduce any unfunded Delayed Draw Term Loan Commitments or unfunded Revolving Credit Commitments by written notice of termination or reduction not later than 11:00 a.m. three (3) Business Days before the date of termination or reduction.

  • Unless previously terminated, the Delayed Draw Term Loan Commitments shall terminate on the DDTL Commitment Expiration Date; provided that, on the date of each Borrowing of Delayed Draw Term Loans, the portion of the Delayed Draw Term Loan Commitments being funded pursuant to such Borrowing shall terminate immediately after the funding of such Delayed Draw Term Loans.


More Definitions of Delayed Draw Term Loan

Delayed Draw Term Loan. A Loan that is fully committed on the closing date thereof and is required by its terms to be fully funded in one or more installments on draw dates to occur within three years after the closing date thereof but which, once fully funded, has the characteristics of a Term Loan.
Delayed Draw Term Loan means a Tranche A Term Loan made by a Lender pursuant to Section 2.1(a)(ii) of the Second Amended and Restated Credit Agreement.
Delayed Draw Term Loan means any Loan that is fully committed on the initial funding date of such Loan and is required to be fully funded in one or more installments on draw dates to occur within one year of the initial funding of such Loan but which, once such installments have been made has the characteristics of a term loan; provided that any Loan as to which no further installment may be funded shall not be a Delayed Draw Term Loan.
Delayed Draw Term Loan means an advance made by a Delayed Draw Term Lender under the Delayed Draw Term Facility.
Delayed Draw Term Loan means, collectively, the Delayed Draw Term Loan A and the Delayed Draw Term Loan B.
Delayed Draw Term Loan has the meaning given to such term in Section 2.1(c) of the Agreement.
Delayed Draw Term Loan is defined in Section 2.1.3.