Delayed Draw Term Loan Amount definition

Delayed Draw Term Loan Amount means, an aggregate principal amount not to exceed $100,000,000.
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Delayed Draw Term Loan Amount means $30,000,000.
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Delayed Draw Term Loan Amount means $55,000,000, as such amount may be reduced from time to time in accordance with the provisions hereof.
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Examples of Delayed Draw Term Loan Amount in a sentence

  • Upon each reduction of the Delayed Draw Term Loan Amount in accordance with this Section 2.1.4, the Delayed Draw Term Loan Commitment for each Lender shall automatically and concurrently be reduced by the same amount of such Delayed Draw Term Loan Amount reduction on a pro rata basis in accordance with each such Lender’s Delayed Draw Term Loan Commitment Percentage.

  • Borrower may from time to time by 11:00 a.m. (Chicago time) with at least one (1) Business Day’s written notice to Agent specifying the date and amount of such reduction, reduce the Delayed Draw Term Loan Amount in whole or in part upon ten (10) days prior written notice to the Agent; provided, that any such partial reduction shall be in an amount equal to $5,000,000 or a higher integral multiple of $1,000,000.

  • The Borrower shall pay to the Lender a delayed draw ticking fee (a “Delayed Draw Ticking Fee”), which shall accrue at the rate of 0.25% per annum on the maximum Delayed Draw Term Loan Amount during the immediately preceding month (prorated for a shorter period, if applicable).

  • The obligation of the Borrower to repay all Obligations from time to time evidenced by the Delayed Draw Term Loan Account plus accrued interest thereon shall be reflected by the promissory note of the Borrower in the face principal amount of the Delayed Draw Term Loan Amount payable to the order of the Lender in substantially the form of Exhibit A-3 hereto (as from time to time amended, restated, supplemented or otherwise modified from time to time and in effect, the “Delayed Draw Term Note”).

  • The aggregate principal amount of the Delayed Draw Term Loans (based on initial principal amount) shall not exceed the Delayed Draw Term Loan Amount.


More Definitions of Delayed Draw Term Loan Amount

Delayed Draw Term Loan Amount means, as of any date of determination, an amount (such amount not to be less than zero) equal to (i) $20,000,000 less (ii) the aggregate amount of Net Cash Proceeds received by Quantum from Specified Equity Issuances in excess of $30,000,000.
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Delayed Draw Term Loan Amount means an amount equal to $40,000,000.
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Delayed Draw Term Loan Amount means, at any time, up to $35,000,000 (subject to Section 3.2(b)) less the amount of any Delayed Draw Term Loans previously made pursuant to Section 2.1(b).
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Delayed Draw Term Loan Amount has the meaning set forth in Section 1.1(b).
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Delayed Draw Term Loan Amount means $15,879,000.
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Delayed Draw Term Loan Amount means the lesser of (a) $25,000,000 minus the original amount of the Initial Term Loan and (b) (i) the product of 50% and the Liquidation-In-Place Value of the Delayed Draw Eligible Plants minus (ii) any Eligibility Reserve then applicable to the Delayed Draw Eligible Plants. CREDIT AGREEMENT U.S. CONCRETE, INC.
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Delayed Draw Term Loan Amount and collectively with all other Delayed Draw Term Loan Amounts, the “Aggregate Delayed Draw Term Loan Amount”).
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