Delayed Draw Term Loan Funding Date means any date on which Delayed Draw Term Loans are made by a Delayed Draw Term Loan Lender.
Delayed Draw Term Loan Funding Date has the meaning given to such term in Section 1.1(c).
Delayed Draw Term Loan Funding Date means the date upon which all of the conditions set forth in Section 3.02 have been satisfied or waived in writing by the Lender.
Examples of Delayed Draw Term Loan Funding Date in a sentence
The Borrower shall pay all fees required to be paid on such Delayed Draw Term Loan Funding Date set forth in the Fee Letter.
The Lender and the Agents shall have received a solvency certificate substantially in the form of Exhibit I, dated the applicable Delayed Draw Term Loan Funding Date and signed by a Financial Officer of Holdings.
More Definitions of Delayed Draw Term Loan Funding Date
Delayed Draw Term Loan Funding Date means any date on which Delayed Draw Term Loans are made by a Delayed Draw Term Loan Lender. “Delayed Draw Term Loan Lender” shall mean a Lender holding a Delayed Draw Term Loan Commitment, a Delayed Draw Term Loan Commitment Amount, and/or any Delayed Draw Term Loans. “Disqualified Equity Interests” shall mean any Equity Interest that, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Term Loan Commitments), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests), in whole or in part, (c) provides for the scheduled payments of dividends in cash or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is 91 days after the Term, provided, that only the portion of the Equity Interests that so mature or are mandatorily redeemable, are so convertible or exchangeable or are so redeemable at the option of the holder thereof prior to such date, shall be deemed to be Disqualified Equity Interests. "Disqualified Lender” means (a) any Person that has been identified in writing to the Administrative Agent prior to the Closing Date; (b) any Person that is a competitor of the Borrower or any of its Subsidiaries that has been identified in writing to the Administrative Agent from time to time by the Borrower (which list of competitors may be supplemented by the Borrower after the Closing Date by means of a written notice to the Administrative Agent, but which supplementation shall not apply retroactively to disqualify any previously acquired assignment or participation in any Loan); and (c) any Affiliate (other than a bona fide debt fund affiliate) of any Person described in clauses (a) and (b) above that is (x) identified
Delayed Draw Term Loan Funding Date means any Business Day occurring after the Closing Date but prior to the Delayed Draw Term Loan Commitment Termination Date in which the Borrower delivers a Notice of Borrowing in accordance with Section 1.4; provided, however, that there shall be no more than three (3) Delayed Draw Term Loan Funding Dates during the period between the Closing Date and the Delayed Draw Term Loan Commitment Termination Date.
Delayed Draw Term Loan Funding Date. The advance of the Delayed Draw Term Loan shall be subject to the following conditions (in addition to any other conditions set forth in this Agreement): (i) the Delayed-Draw Term Loan shall be funded solely on one funding date and there shall not be multiple draws under the Delayed-Draw Term Loan, (ii) any portion of any Lender’s Delayed-Draw Term Loan Commitment not funded on the Delayed-Draw Term Loan Funding Date automatically shall be terminated on the Delayed-Draw Term Loan Funding Date and shall thereafter not be available to the Borrower; (iii) the Delayed-Draw Term Loan Funding Date shall not be later than November 15, 2007 and if the Delayed-Draw Term Loan is not funded by November 15, 2007 each Lender’s Delayed-Draw Term Loan Commitment automatically shall be terminated on such date and shall thereafter not be available to the Borrower) (iv) Borrower shall, simultaneously with the request for the Delayed Draw Term Loan, deliver evidence of the calculation of the Seller Earnout, (v) the amount of the Delayed-Draw Term Loan shall not exceed the amount of the Seller Earnout payable on or before November 15, 2007 (including any portion not paid in cash from the initial proceeds); provided, that the portion advanced and not initially paid in cash in respect of the Seller Earnout shall be held in an escrow account or other cash collateral account with Administrative Agent until Paid, and (vi) Borrower shall have Excess Availability of not less than Three Million and No/100 Dollars ($3,000,000) after giving effect to the payment of the Seller Earnout. The notice of borrowing of the Delayed Draw Term Loan shall be effective upon receipt by Administrative Agent, shall be irrevocable, and shall specify the amount of the proposed borrowing and the proposed borrowing date, and type of borrowing. Promptly upon receipt of such notice, Administrative Agent shall advise each Lender with a Delayed-Draw Term Loan Commitment thereof in writing. Not later than 1:00 p.m. Chicago time on the date of the proposed Delayed-Draw Term Loan Funding Date, each Lender with a Delayed-Draw Term Loan Commitment shall provide Administrative Agent at the office specified by Administrative Agent with immediately available funds covering such Lender’s applicable pro rata share of such borrowing and, so long as Administrative Agent has not received written notice that the conditions precedent set forth in this paragraph with respect to such borrowing have not been satisfied, Adminis...
Delayed Draw Term Loan Funding Date means August 3, 2015.
Delayed Draw Term Loan Funding Date means the date that the Omniglow Settlement Payment is due and payable under the Omniglow Settlement Agreement, which in any event shall not be earlier than December 1, 2015 (unless otherwise approved in writing by Administrative Agent) or later than the Delayed Draw Term Loan Commitment Expiration Date.
Delayed Draw Term Loan Funding Date means, with respect to an Advance of the Second Amendment Delayed Draw Term Loan, the date no later than thirty six (36) months after the Closing Date on which each of the following conditions have been satisfied: (a) Agent has received, no less than ten (10) days prior to the date such Advance is requested to be funded, a written request duly executed by Borrowing Agent, specifying the amount of such Advance requested and the date on which such Advance is requested to be funded and (b) the conditions set forth in Section 8.2 have been satisfied.
Delayed Draw Term Loan Funding Date means a date selected by the Borrower Representative on or after the date on which each