DLOC Draw Period definition

DLOC Draw Period means the period of time beginning at Closing and ending on February 25, 2024. Subject to Xxxxxx’s written approval, the DLOC Draw Period may be extended to a later date, but in all cases no later than the earlier of (i) the third anniversary of the Closing Date, and (ii) the required completion date for the PIP improvements, as required by Franchisor. ​
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DLOC Draw Period means the eighteen (18) month period from the Closing Date to the Term Loan Effective Date.
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Examples of DLOC Draw Period in a sentence

  • Notwithstanding any provision of this Agreement and the Loan Documents to the contrary, during the DLOC Draw Period the DLOC Loan is a straight line of credit and not a revolving line of credit and, accordingly, principal amounts paid and prepaid may not be re-borrowed or re-advanced.

  • During the DLOC Draw Period, DLOC Advances will be made in accordance with Section 2 of this Agreement.

  • Notwithstanding any provision of this Agreement and the Loan Documents to the contrary, during the 2nd DLOC Draw Period the 2nd DLOC Loan is a straight line of credit and not a revolving line of credit and, accordingly, principal amounts paid and prepaid may not be re-borrowed or re-advanced.

Related to DLOC Draw Period

  • Draw Period is the period of time from the Effective Date through the earlier to occur of (a) March 31, 2012 or (b) an Event of Default.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).