Examples of Delayed Drawdown Loan in a sentence
A Loan shall only be considered to be a Delayed Drawdown Loan for so long as its unused commitment amount is greater than zero.
Funds on deposit in the Unfunded Exposure Account as of any date of determination may be withdrawn to fund draw requests of the relevant obligors under any Delayed Drawdown Loan or Revolving Loan.
All of the above commands, but the CA.create, reflect the typical interface available to the user of a token.
For all purposes (including calculation of the Coverage Tests), the principal balance of a Revolving Loan or a Delayed Drawdown Loan will include all unfunded commitments that have not been irrevocably reduced or withdrawn.
In addition, simultaneously with the Issuer’s purchase of any Delayed Drawdown Loan or Revolving Bank Loan, the Issuer is required to deposit into the Loan Funding Account the full amount of any advances or delayed draws that may be required of the Issuer thereunder and principal repaid under any Revolving Bank Loan is required to be deposited in the Loan Funding Account to the extent the Issuer’s obligation to fund any future advances has not been irrevocably reduced.Debtor-in-Possession Financings.