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
Each Term Lender’s Delayed Draw Term Loan Commitment shall be permanently reduced immediately and without further action upon the making of the Delayed Draw Term Loan in an amount equal to the amount of such Term Lender’s Pro Rata Percentage of such Delayed Draw Term Loan.
Any principal amount of the Delayed Draw Term Loan which is repaid or prepaid may not be reborrowed.
The Borrowers shall use the proceeds of the Initial Term Loan solely to fund the purchase price, fees and expenses associated with the consummation of the transactions contemplated hereby to occur on the Closing Date and shall use the proceeds of each Delayed Draw Term Loan for general working capital purposes.
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 specified therefor in Section 2.2(b) of the Agreement.
Delayed Draw Term Loan is defined in Section 2.1.3.