Examples of Delayed Draw Term Loan Fee in a sentence
Such fee shall be paid by the Borrower to the Administrative Agent for the benefit of the Delayed Draw Term Loan Lenders (other than any Defaulting Lenders) on the Delayed Draw Term Loan Fee End Date, and such fee shall be shared pro rata among the Delayed Draw Term Loan Lenders (other than any Defaulting Lenders) based on their respective Delayed Draw Term Loan Commitment Percentages.
The Delayed Draw Term Loan Fee shall be due and payable in arrears at the last Business Day of each month.
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Subject to the satisfaction of the conditions set forth herein and set forth in Section 2.2(b) and Section 3.2 of the Credit Agreement, and in reliance on the representations and warranties set forth herein, on January 2, 2019 the Lenders shall fund a Delayed Term Loan Draw in an aggregate amount of$8,000,000 and Borrower shall pay to Agent the fee set forth in Section A.3. "Delayed Draw Term Loan Fee" of the Fee Letter (as such term is defined after giving effect to this Amendment).
Subject to the satisfaction of the conditions set forth herein and set forth in Section 2.2(b) and Section 3.2 of the Credit Agreement, and in reliance on the representations and warranties set forth herein, on January 2, 2019 the Lenders shall fund a Delayed Term Loan Draw in an aggregate amount of $8,000,000 and Borrower shall pay to Agent the fee set forth in Section A.3. "Delayed Draw Term Loan Fee" of the Fee Letter (as such term is defined after giving effect to this Amendment).
The Applicable Margin and Unused Delayed Draw Term Loan Fee for the Delayed Draw Term Loans shall be as set forth in the definition of “Applicable Margin” in the Amended Credit Agreement.
The Delayed Draw Term Loan Fee shall be payable quarterly in arrears on the 15th day following the last day of each fiscal quarter for the prior fiscal quarter.
The definition of “Delayed Draw Term Loan Availability Period” provides that the end of the drawing period (May 6, 2023) shall be extended (with no additional Delayed Draw Term Loan Fee or other fees) to November 6, 2023 following notice from the Borrowers to the Administrative Agent requesting such an extension.
If a Permitted Acquisition for which the Borrower intends to use the Delayed Draw Term Loan to fund such acquisition does not occur during the Delayed Draw Commitment Period, (i) the Delayed Draw Term Loan Commitment of the Lenders shall terminate automatically as of such date with no portion of the Delayed Draw Term Loan having been funded to the Borrower, and (ii) the Borrower shall promptly pay to the Lenders any accrued and unpaid amounts due and owing with respect to the Delayed Draw Term Loan Fee.
The Borrower agrees to pay to the Administrative Agent for the ratable benefit of Lenders holding Delayed Draw Term Loan Commitments from the Closing Date until the earlier of (x) the Delayed Draw Funding Date and (y) the date on which the Delayed Draw Term Loan Commitment terminates, a fee (the "Delayed Draw Term Loan Fee") in an amount equal to 1.00% per annum on the Delayed Draw Term Loan Committed Amount.