Delayed Draw Term Loan Lenders definition

Delayed Draw Term Loan Lenders means Lenders having Delayed Draw Term Loan Exposure.
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Delayed Draw Term Loan Lenders each Lender that has a Delayed Draw Term Loan Commitment or that is the holder of Delayed Draw Term Loans.
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Delayed Draw Term Loan Lenders and “Secured Parties” under and as defined in the Amended Credit Agreement and shall be subject to and bound by the terms of the Amended Credit Agreement, and shall perform all the obligations of and shall have all the rights of Lenders, Delayed Draw Term Loan Lenders and Secured Parties thereunder and under the other Credit Documents. The Additional Term Loans shall constitute “Closing Date Term Loans”, “Term Loans” and “Loans” under and defined in the Amended Credit Agreement and shall be subject to the terms thereunder and under the other Credit Documents applicable to Closing Date Term Loans, Term Loans and Loans. The Additional Term Loan Commitments shall constitute “Closing Date Term Loan Commitments” and “Commitments” under and defined in the Amended Credit Agreement and shall be subject to the terms thereunder and under the other Credit Documents applicable to Closing Date Term Loan Commitments and Commitments. The Additional Delayed Draw Term Loan Commitments shall constitute “Delayed Draw Term Loan Commitments” and “Commitments” and the delayed draw term loans made thereunder shall constitute “Delayed Draw Term Loans” and “Loans” under and defined in the Amended Credit Agreement and, in each case, shall be subject to the terms thereunder and under the other Credit Documents applicable to Delayed Draw Term Loan Commitments, Commitments, Delayed Draw Term Loans and Loans, as applicable.
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Examples of Delayed Draw Term Loan Lenders in a sentence

  • Each Credit Party hereby acknowledges and agrees that, as of the close of business on January 25, 2023, the Outstanding Amount of the Delayed Draw Term Loan was $10,000,000.00, which constitutes a valid and subsisting obligation, as a borrower or a guarantor, as applicable, of each Credit Party, jointly and severally, owed to the Delayed Draw Term Loan Lenders that is not subject to any credits, offsets, defenses, claims, counterclaims, or adjustments of any kind.

  • Each Credit Party hereby acknowledges and agrees that, as of the close of business on December 5, 2022, the Outstanding Amount of the Delayed Draw Term Loan was $10,000,000.00, which constitutes a valid and subsisting obligation, as a borrower or a guarantor, as applicable, of each Credit Party, jointly and severally, owed to the Delayed Draw Term Loan Lenders that is not subject to any credits, offsets, defenses, claims, counterclaims, or adjustments of any kind.

  • The payment by Borrower of (x) any accrued and unpaid Delayed Draw Ticking Fees to the Administrative Agent on behalf of the Delayed Draw Term Loan Lenders and (y) the Delayed Draw Upfront Fee.

  • The Administrative Agent shall have received a customary legal opinion of Xxxxxx Xxxxxxx & Xxxx LLP, counsel to the Loan Parties, addressed to it and the Delayed Draw Term Loan Lenders.

  • 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 Borrower will use the proceeds of the Delayed Draw Term Loans after the Closing Date to finance Permitted Acquisitions (or for such other purposes as shall be approved by Required Delayed Draw Term Loan Lenders).

  • The Administrative Agent shall have received, for the ratable benefit of the consenting Lenders (other than the Delayed Draw Term Loan Lenders), the Fourteenth Amendment Fee.


More Definitions of Delayed Draw Term Loan Lenders

Delayed Draw Term Loan Lenders means, as of any date of determination, Lenders having Delayed-Draw Term Loan Commitments. “Designated Non-Cash Consideration” means the fair market value (as determined by the U.S. Borrower in good faith) of non-cash consideration received by the U.S. Borrower or any Restricted Subsidiary in connection with any Sale pursuant to Section 8.4(e) that is designated as Designated Non-Cash Consideration pursuant to a certificate of a Responsible Officer of the U.S. Borrower, setting forth the basis of such valuation (which amount will be reduced by the amount of cash or Cash Equivalents received in connection with a subsequent sale or conversion of such Designated Non-Cash Consideration to cash or Cash Equivalents). “Disclosure Documents” means, collectively, all documents filed by any Group Member with the United States Securities and Exchange Commission. “Disqualified Lender” means (without retroactive application): (a) (1) the bona fide competitors of the U.S. Borrower and its Subsidiaries identified in writing by the U.S. Borrower or Parent to the Initial LendersLead Arranger on or prior to the ClosingFourth Amendment Effective Date, or from time to time after the ClosingFourth Amendment Effective Date to the Administrative Agent, (b) (2) those particular banks, financial institutions and other institutional lenders identified in writing by the U.S. Borrower or Parent to the Lead Arranger prior to the ClosingFourth Amendment Effective Date, and (c) (3) any Affiliate of the entities described in the preceding clauses (1a) or (2b), in each case, that are either reasonably identifiable as such on the basis of their name or are identified as such in writing by the U.S. Borrower or Parent to the Lead Arranger on or prior to the ClosingFourth Amendment Effective Date, or after the ClosingFourth Amendment Effective Date to the Administrative Agent from time to time; provided that (x) in no event shall any Affiliates that are banks, financial institutions, bona fide debt funds, investment vehicles, regulated banking entities or non-regulated lending entities, in each case, that are engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and/or similar extensions of credit in the ordinary course or business be a Disqualified Lender unless such Affiliate is identified under clause (2b) above and (y) any Person that is a Lender and subsequently becomes a Disqualified Lender (but was not a Disqualified Lender on the ClosingFourth Amendm...
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Related to Delayed Draw Term Loan Lenders

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.