Delayed Draw Term Loan Facility definition

Delayed Draw Term Loan Facility means the collective reference to the Delayed Draw 1 Term Loan Facility and the Delayed Draw 2 Term Loan Facility.

Delayed Draw Term Loan Facility means, at any time, the aggregate Delayed Draw Term Loan Commitments of all Lenders at such time, and includes, as the context may require, any Incremental Term Loans or the aggregate amount of term loans of any Class (or as applicable the aggregate commitments in respect thereof).

Delayed Draw Term Loan Facility shall have the meaning provided in the recitals to this Agreement.

Examples of Delayed Draw Term Loan Facility in a sentence

• On January 29, 2020, the Utility borrowed $500 million under the DIP Delayed Draw Term Loan Facility.

• The Borrower will take all commercially reasonable actions to permit the Administrative Agent to conduct, prior to the initial Borrowing under the Delayed Draw Term Loan Facility, expert independent review (subject to compliance with Section 13.16 and at the sole cost and expense of the Administrative Agent) of the compliance of the New Build Program with all Applicable Laws (including state and federal Environmental Laws and regulatory laws and regulations).

• All fees in respect of the Delayed Draw Term Loan Facility accrued until the effective date of any termination of the Aggregate Delayed Draw Term Loan Commitments shall be paid on the effective date of such termination.

• It is understood that the foregoing covenant shall not constitute a condition to any Borrowing under the Delayed Draw Term Loan Facility.

• The duration and cost of performing each activity on each segment depend on the work content of the segment given as crew hours.

More Definitions of Delayed Draw Term Loan Facility

Delayed Draw Term Loan Facility means the delayed draw term loan credit facility described in Section 2.01(b).

Delayed Draw Term Loan Facility means that certain $200,000,000 Delayed-Draw Term Loan Facility described in the Delayed-Draw Term Loan Commitment Letter.

Delayed Draw Term Loan Facility shall have the meaning provided in the recitals hereto.

Delayed Draw Term Loan Facility means the Delayed Draw Term Loan Commitments and the Borrowings thereunder.

Delayed Draw Term Loan Facility the Delayed Draw Term Loan Commitments and the Delayed Draw Term Loans made thereunder (it being understood that, from and after the funding of the Delayed Draw Term Loans, the Delayed Draw Term Loans shall be considered to be a part of the Tranche A Term Loan Facility).

Delayed Draw Term Loan Facility means that certain term loan credit facility evidenced by that certain Credit and Guaranty Agreement, dated as of April 17, 2020, among US Concrete, as borrower, certain Subsidiaries of US Concrete, as guarantors, the lenders party thereto, and Bank of America, N.A., as administrative agent.

Delayed Draw Term Loan Facility means the term loan facility provided pursuant to Section 3.3 [Delayed Draw Term Loan Commitment], Section 3.4 [Nature of Lenders’ Obligations with Respect to Delayed Draw Term Loans; Repayment Terms] and Section 3.5 [Delayed Draw Term Loan Fee].