Delayed Funding Loans definition

Delayed Funding Loans means Loans which require one or more future advances to be made to the borrower but which, once all such advances have been made, have the characteristics of a term Loan; provided that such Loans shall no longer be considered a Delayed Funding Loan once all such advances have been made.
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Examples of Delayed Funding Loans in a sentence

  • Portions of the same Collateral Loan acquired or originated by the Borrower on different dates (whether through purchase, receipt by contribution or the making or origination thereof, but excluding subsequent draws under Revolving Collateral Loans or Delayed Funding Loans) will, for purposes of determining the purchase price of such Collateral Loan, be treated as separate purchases on separate dates (and not a weighted average purchase price for any particular Collateral Loan).

  • Portions of the same Collateral Loan acquired by the Borrower on different dates (whether through purchase or receipt by contribution thereof, but excluding subsequent draws under Revolving Collateral Loans or Delayed Funding Loans) will, for purposes of determining the purchase price of such Collateral Loan, be treated as separate purchases on separate dates (and not a weighted average purchase price for any particular Collateral Loan).

  • For the avoidance of doubt, the Borrower shall use the proceeds of the Class A-T Loans solely for the acquisition and origination of Collateral Loans during the Reinvestment Period and as otherwise set forth in clause (a) above; provided that the Borrower shall not use the proceeds of the Class A-T Loans to fund Exposure Amounts in respect of any Revolving Collateral Loans or Delayed Funding Loans.

  • Unfunded commitments in respect of Delayed Funding Loans and Revolving Loans shall not be considered funded for purposes of the definition of the term Market Value and the calculation of the Net Asset Value and the Borrowing Base Test.

  • Assignment of Collateral Debt Obligations In accordance with the Indenture, promptly after the Closing Date, the Issuer will become the registered owner of all Revolving Loans and Delayed Funding Loans with an unfunded component on the Closing Date (or Participations therein) held on the Closing Date by a Subsidiary Holding Company.

  • The following is added after the section in the SAI titled " STRATEGIC PARTNERS HIGH YIELD BOND FUND: - Investment Policies: - Loan Participations." On page B-69: Delayed Funding Loans and Revolving Credit Facilities The Fund may enter into, or acquire participations in, delayed funding loans and revolving credit facilities.

  • At any time when there are no funds on deposit in the Future Funding(h) Reserve Account, the Servicer on behalf of the Issuer may by Issuer Order direct the Trustee to, and upon receipt of such Issuer Order the Trustee shall, withdraw funds on deposit in the Collection Account representing Principal Proceeds and use such funds to meet funding requirements on Delayed Funding Loans or Revolving Collateral Loans.

  • The Collateral Servicer will be permitted under the Indenture and the Collateral Servicing Agreement, to cause the Issuer to become the registered owner of certain Collateral Debt Obligations held by the Subsidiary Holding Companies that are Revolving Loans or Delayed Funding Loans, and Collateral Debt Obligations that are term loans that customarily trade therewith.

  • Actions may include: o Canceling the transaction; o Notifying and cooperating with appropriate law enforcement; o Determining the extent of liability of the University; and o Notifying the actual individual upon whom fraud has been attempted.

  • The following is added after the section in the SAI titled " STRATEGIC PARTNERS HIGH YIELD BOND FUND: Investment Policies: Loan Participations." On page B-69: Delayed Funding Loans and Revolving Credit Facilities The Fund may enter into, or acquire participations in, delayed funding loans and revolving credit facilities.

Related to Delayed Funding Loans

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

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

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • 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.

  • 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 has the meaning specified in Section 2.01(b).

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Term Loan as defined in Section 2.1.

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Delayed Draw Commitment means, as to each Lender, its obligation to make Delayed Draw Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01(b) under the caption “Delayed Draw Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate Delayed Draw Commitments of all of the Lenders on the Closing Date shall be $150,000,000.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Existing Loan means the loan identified on Exhibit H.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Incremental Loan has the meaning set forth in Section 2.14(b).