Delayed Funding Term Loan definition

Delayed Funding Term Loan means any Loan that (a) requires the holder thereof to make one or more future advances to the obligor under the underlying instruments relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the obligor thereunder; but any such loan will be a Delayed Funding Term Loan only to the extent of undrawn commitments except as expressly set forth herein and only until all commitments by the holders thereof to make advances to the obligor thereon expire or are terminated or reduced to zero.

Delayed Funding Term Loan means any Loan that (a) requires the holder thereof to make one or more future advances to the obligor under the underlying instruments relating thereto after satisfaction of customary conditions to borrowing, (b) specifies a maximum amount that can be borrowed on one or more borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the obligor thereunder; but any such Loan will be a Delayed Funding Term Loan only until all commitments by the holders thereof to make advances to the obligor thereon expire or are terminated or reduced to zero.

Delayed Funding Term Loan means any Portfolio Investment that (a) requires the holder thereof to make one or more future advances to the obligor under the Underlying Instruments relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the obligor thereunder; but any such loan will be a Delayed Funding Term Loan only to the extent of undrawn commitments and only until all commitments by the holders thereof to make advances to the obligor thereon expire or are terminated or reduced to zero.

Examples of Delayed Funding Term Loan in a sentence

• In addition, within two (2) Business Days of any Delayed Funding Term Loan with an unfunded commitment becoming an Ineligible Investment, the Company, subject to clauses (x) and (y) in the immediately preceding sentence, shall sell such Delayed Funding Term Loan and shall pay any amount required to be paid to the transferee as consideration in connection with such sale.

• An expenditure of ₹3,61.66 lakh was accounted for under the Fund leaving a balance of ₹8,04.89 lakh as on 31st March 2013.The details of the transaction of the Fund are given in Statement No.18 of the Finance Accounts 2012-13 and stands included under ‘8229 – Development and Welfare Fund – Other Development and Welfare Fund’.

• Without limitation to clause (f) above, neither the Company nor the Permitted Subsidiary shall acquire any unfunded commitment under any Revolving Loan or Delayed Funding Term Loan unless, on a pro forma basis after giving effect to such purchase, the Borrowing Base Test, the Minimum Equity Test and item 5 of the Concentration Limitations will each be satisfied.SECTION 2.04.

• Without limitation to clause (f) above, the Company shall not acquire any unfunded commitment under any Revolving Loan or Delayed Funding Term Loan unless, on a pro forma basis after giving effect to such purchase, the Borrowing Base Test and item 6 of the Concentration Limits will each be satisfied.SECTION 2.04.

• Amounts deposited in the Principal Collection Account will be invested in Eligible Investments until such Principal Proceeds are reinvested in Collateral Obligations in accordance with the Reinvestment Criteria, deposited in the Revolving Credit Facility Reserve Account in connection with the purchase of a Revolving Credit Facility or Delayed Funding Term Loan or applied in accordance with the Priority of Payments.

• To improve access to information, the Government has for several years granted barrier‐free access with sign‐language interpretation for its official internet platformwww.regierung.li and for www.liechtenstein.li, the website for official information about the country.

• The Purchase Price for any Portfolio Investment that consists of a Delayed Funding Term Loan shall take into account any unfunded commitments assumed by the Purchaser in connection with the acquisition thereof.

• The Purchase Price for any Portfolio Investment that consists of a Delayed Funding Term Loan or Revolving Loan shall take into account any unfunded commitments assumed by the Purchaser in connection with the acquisition thereof.

• Additional launch events in other European capitals may be organised, if sponsored by members of the Task Force.

• In addition, within two (2) Business Days of any Revolving Loan or Delayed Funding Term Loan with an unfunded commitment becoming an Ineligible Investment, the Company, subject to clauses (x) and (y) in the immediately preceding sentence, shall sell such Revolving Loan or Delayed Funding Term Loan and shall pay any amount payable in connection with such sale.

More Definitions of Delayed Funding Term Loan

Delayed Funding Term Loan shall exclude all Collateralized Delayed Funding Commitments with respect thereto.

Delayed Funding Term Loan means any Loan that (a) requires the holder thereof to make one or more future advances to the Portfolio Investment Obligor under the underlying instruments relating thereto, (b) specifies a maximum amount that can be borrowed on or prior to one or more fixed dates and (c) does not permit the re-borrowing of any amount previously repaid by the Portfolio Investment Obligor thereunder; but, for the avoidance of doubt, any such Loan will be a Delayed Funding Term Loan only until all commitments by the holders thereof to make such future advances to the Portfolio Investment Obligor thereon expire or are terminated or reduced to zero. “Deliver” (and its correlative forms) means the taking of the following steps by the Company or the Portfolio Manager:

Delayed Funding Term Loan 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 only be considered Delayed Funding Term Loans for so long as any future funding obligations remain in effect. The maximum funding amount of a Delayed Funding Term Loan shall be specified at the time of its acquisition and reborrowing shall not be permitted.

Delayed Funding Term Loan means any Loan that (a) requires the holder thereof to make one or more future advances to the obligor under the underlying instruments relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the obligor thereunder; but any such loan will be a Delayed Funding Term Loan only to the extent of undrawn commitments except as expressly set forth herein and only until all commitments by the holders thereof to make advances to the obligor thereon expire or are terminated or reduced to zero. ​

Delayed Funding Term Loan means any Portfolio Investment that (a) requires the holder thereof to make one or more future advances to the obligor under the underlying