Definition of Delayed Draw Term Loan 1 Commitment Period


Delayed Draw Term Loan 1 Commitment Period means the period commencing on the Closing Date and ending nine months thereafter.
Sample 1

Examples of Delayed Draw Term Loan 1 Commitment Period in a sentence

Until the Business Day immediately prior to the end of the Delayed Draw Term Loan 1 Commitment Period, Borrowers may seek a disbursement of the Delayed Draw Term Loan 1 at any time and from time to time.
For the period beginning on the Closing Date and ending at the end of the Delayed Draw Term Loan 1 Commitment Period, the Borrowers agree to pay to the Agent, for the pro rata benefit of the Lenders, based on their Applicable Commitment Percentages, a commitment fee in the amount of the Applicable Margin on the undrawn portion of the Delayed Draw Term Loan 1 Commitment.