Definition of Delayed Draw Term Loan Committed Amount


Delayed Draw Term Loan Committed Amount means an initial aggregate principal amount of ONE BILLION, ONE HUNDRED MILLION U.S. DOLLARS (U.S.$1,100,000,000) as of the Closing Date, as such amount may be decreased pursuant to Section 2.5 or Section 2.12.

Examples of Delayed Draw Term Loan Committed Amount in a sentence

All outstanding Delayed Draw Term Loan Commitments shall automatically terminate on the earlier of (x) the second Delayed Draw Funding Date and (y) the Delayed Draw Termination Date, whether or not the full amount of available Delayed Draw Term Loan Committed Amount are borrowed.
Upon a borrowing of a Delayed Draw Term Loan, the Term Loan Committed Amount shall be increased to take into account such Delayed Draw Term Loan and the Delayed Draw Term Loan Committed Amount shall be reduced by the amount of such Delayed Draw Term Loans.
Each Delayed Draw Term Loan borrowing that is made as a LIBOR Rate Loan shall be in a minimum aggregate amount of $1,000,000 and in integral multiples of $100,000 in excess thereof (or the remaining amount of the Delayed Draw Term Loan Committed Amount, if less).
Each Delayed Draw Term Loan borrowing that is made as an Alternate Base Rate Loan shall be in a minimum aggregate amount of $1,000,000 and in integral multiples of $100,000 in excess thereof (or the remaining amount of the Delayed Draw Term Loan Committed Amount, if less).
Each Delayed Draw Term Loan borrowing that is made as a LIBOR Rate Loan shall be in a minimum aggregate amount of $1,500,000 and in integral multiples of $500,000 in excess thereof (or the remaining amount of the Delayed Draw Term Loan Committed Amount, if less).