Delayed Draw Term Loan definition

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

  • No Delayed Draw Term Loan shall be made until after receipt by Agent of the Delayed Draw Borrowing Request which contains the calculation of the Delayed Draw Term Loan Available Amount.

  • The Lenders shall make no more than one Delayed Draw Term Loan in any Fiscal Quarter commencing with the Fiscal Quarter ending on September 30, 2019.

  • Each Lender’s Delayed Draw Term Loan shall be evidenced by a promissory note (each, a “Delayed Draw Term Note”) duly executed and delivered by the Borrower prior to the funding of such Delayed Draw Term Loan in the form attached hereto as Exhibit B-2 and be repayable in accordance with the terms of such Delayed Draw Term Note and this Agreement.

  • The Delayed Draw Term Loan Commitment shall reduce to zero automatically on the Delayed Draw Term Loan Commitment Expiration Date and no Delayed Draw Term Loan shall be made on or after the Delayed Draw Term Loan Commitment Expiration Date.

  • Any Delayed Draw Term Loan shall be in a minimum amount of One Million Dollars ($1,000,000) and multiples of One Hundred Thousand Dollars ($100,000) in excess thereof.


More Definitions of Delayed Draw Term Loan

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 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 shall have the meaning provided in Section 2.1(a).
Delayed Draw Term Loan shall have the meaning set forth in Section 2.2(a).
Delayed Draw Term Loan as defined in Section 2.1.
Delayed Draw Term Loan means a Loan made pursuant to 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).