Examples of Delayed Draw Term Loan Committed Amount in a sentence
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In consideration of the Commitments, the Borrower agrees to pay to the Administrative Agent for the ratable benefit of the Lenders a commitment fee (the “ Delayed Draw Commitment Fee ”) in an amount equal to the Applicable Percentage per annum on the average daily unused amount of the Delayed Draw Term Loan Committed Amount then in effect (other than that portion attributable to the Defaulting Lenders, if any).
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 $1,000,000 and in integral multiples of $100,000 in excess thereof (or the remaining amount of the Delayed Draw Term Loan Committed Amount, if less).
All outstanding Commitments shall automatically terminate on the earlier of (x) the 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.
The Delayed Draw Term Loan Committed Amount shall be permanently reduced and the Delayed Draw Term Loan Commitments shall automatically terminate on the earlier to occur of (i) the close of business at the end of the Delayed Draw Availability Period and (ii) the date upon which the Delayed Draw Term Loan Commitment is fully funded or terminated in accordance with Section 2.6(a).
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).
The Delayed Draw Term Loan Committed Amount shall be permanently reduced and the DDTL Commitments shall automatically terminate on the earlier to occur of (i) the close of business on the last day of the Delayed Draw Availability Period and (ii) the Delayed Draw Funding Date.
Before and immediately after giving effect to the making of any Delayed Draw Term Loan (and the application of the proceeds thereof), the sum of all Term Loans drawn as Delayed Draw Term Loans shall not exceed $22,819,683.60 (i.e. the initial Delayed Draw Term Loan Committed Amount).
In consideration of the Delayed Draw Term Loan Commitments, the Borrower agrees to pay to the Administrative Agent, for the ratable benefit of the Term Loan Lenders, a ticking fee (the “Delayed Draw Commitment Fee”) in an amount equal to the Applicable Percentage per annum on the average daily unused amount of the Delayed Draw Term Loan Committed Amount.