Delayed Draw Term Loan definition

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

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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

If the First Extended Maturity Date is extended to the Second Extended Maturity Date, then Borrower may, by written notice to Administrative Agent (who shall promptly notify the Delayed Draw Term Loan Lenders) not earlier than ninety (90) days and not later than sixty (60) days prior to the Second Extended Maturity Date, request that the Second Extended Maturity Date be extended to the Third Extended Maturity Date.
If the Second Extended Maturity Date is extended to the Third Extended Maturity Date, then Borrower may, by written notice to Administrative Agent (who shall promptly notify the Delayed Draw Term Loan Lenders) not earlier than ninety (90) days and not later than sixty (60) days prior to the Third Extended Maturity Date, request that the Third Extended Maturity Date be extended to the Fourth Extended Maturity Date.
Reference is hereby made to that certain Delayed Draw Term Loan Agreement, dated as of October 3, 2022 (as modified, amended, renewed, extended, or restated from time to time, the “Loan Agreement”), executed by ▇▇▇▇▇▇▇▇, Parent, the Lenders party thereto, and Administrative Agent (Administrative Agent and the Lenders are individually referred to herein as a “Credit Party” and collectively referred to herein as the “Credit Parties”).
Each Incremental Term Facility or Incremental Delayed Draw Term Loan shall be evidenced by an amendment (an “Incremental Facility Amendment”) to this Agreement executed by the Loan Parties, each existing Lender agreeing to provide any portion of such Incremental Term Facility or Incremental Delayed Draw Term Loan, each Additional Lender, if any, and the Administrative Agent.
If the Fourth Extended Maturity Date is extended to the Fifth Extended Maturity Date, then Borrower may, by written notice to Administrative Agent (who shall promptly notify the Delayed Draw Term Loan Lenders) not earlier than ninety (90) days and not later than sixty (60) days prior to the Fifth Extended Maturity Date, request that the Fifth Extended Maturity Date be extended to the Sixth Extended Maturity Date.

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 an advance made by any Delayed Draw Term Lender pursuant to Section 3.2.

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 the loans made from time to time after the Closing Date on any Delayed Draw Term Loan Funding Date pursuant to Section 2.01(b).

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 is defined in Section 2.1.3.

Delayed Draw Term Loan has the meaning set forth in Section 1.1(c) of this Agreement.