Delayed Draw Term Loan Commitments definition

Delayed Draw Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Second Restatement Effective Date and prior to giving effect to any Borrowing on such date is Twenty-Five Million Dollars ($25,000,000.00).

Delayed Draw Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Annex B or in the applicable Assignment and Assumption Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $15,000,000.

Delayed Draw Term Loan Commitments means such commitments of all Lenders in the aggregate.

Examples of Delayed Draw Term Loan Commitments in a sentence

• The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Delayed Draw Term Loan Commitments.

• Any reduction of the Delayed Draw Term Loan Commitments shall be applied to the Delayed Draw Term Loan Commitment of each Lender according to its Applicable Delayed Draw Term Percentage.

• All fees accrued until the effective date of any termination of the Delayed Draw Term Loan Commitments, together with the applicable Early Termination Premium, shall be paid on the effective date of such termination.

• Each Lender’s applicable Delayed Draw Term Loan Commitment shall expire on the Delayed Draw Term Loan Commitment Termination Date and all Delayed Draw Term Loans and all other amounts owed hereunder with respect to the Delayed Draw Term Loans and the Delayed Draw Term Loan Commitments shall be paid in full no later than the Term Loan Maturity Date.

• The Borrowers notice to the Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Delayed Draw Term Loan Commitments shall be effective on the date specified in the Borrowers’ notice and shall reduce the Delayed Draw Term Loan Commitment of each Lender proportionately to its Pro Rata Share thereof.

More Definitions of Delayed Draw Term Loan Commitments

Delayed Draw Term Loan Commitments means the aggregate amount of such commitments of all Lenders. The aggregate amount of Delayed Draw Term Loan Commitments as of the First Amendment Effective Date is $35,000,000.

Delayed Draw Term Loan Commitments means, collectively, the Delayed Draw Term Loan A Commitments and the Delayed Draw Term Loan B Commitments.

Delayed Draw Term Loan Commitments means the commitments as of the Amendment No. 8 Effective Date of any Term Loan Lender to make Delayed Draw Term Loans pursuant to Section 2.1(m) in an aggregate amount not to exceed the amount set forth opposite such Term Loan Lender’s name on Schedule 1.1(c) or in the Assignment and Acceptance pursuant to which such Term Loan Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial amount of the Delayed Draw Term Loan Commitments is $150,000,000.

Delayed Draw Term Loan Commitments means, for each Lender, the commitment of such Lender to make a portion of the Delayed Draw Term Loan as set forth on Schedule 2.1(a) (as may such commitments may be reduced pursuant to Section 3.4); provided that, at any time after funding of the Delayed Draw Term Loan determinations of “Required Lenders” shall be based on the outstanding principal amount of the Delayed Draw Term Loan. The aggregate principal amount of the Delayed Draw Term Loan Commitments of all of the Lenders in effect on the Closing Date is TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000).

Delayed Draw Term Loan Commitments and the delayed draw term loans to be made pursuant thereto, the “Delayed Draw Term Loans”);

Delayed Draw Term Loan Commitments means all such commitments collectively, which commitments equal $300,000,000 in the aggregate as of the Closing Date.

Delayed Draw Term Loan Commitments means, as to each Lender, its obligation to make Delayed Draw Term Loans to the Borrowers during the Delayed Draw Term Loan Availability Period pursuant to Section 2.01(b) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Xxxxxx’s name on Schedule 2.01 with respect to the Delayed Draw Term Loans. As of the Closing Date, the Delayed Draw Term Loan Commitments are $10,000,000; provided, however, (i) on March 31, 2022, the Delayed Draw Term Loan Commitments shall automatically reduce to $7,500,000, (ii) on June 30, 2022, the Delayed Draw Term Loan Commitments shall automatically reduce to $5,000,000, (iii) on September 30, 2022, the Delayed Draw Term Loan Commitments shall automatically reduce to $2,500,000, and (iv) on December 31, 2022, the Delayed Draw Term Loan Commitments shall automatically reduce to $0 (for the avoidance of doubt, the Delayed Term Loan Commitments shall automatically reduce to an amount equal to $0 at the termination of the Delayed Draw Term Loan Availability Period).