Reimbursement Draw definition
Reimbursement Draw means either the making of the Term Loans comprising the Initial Borrowing or the Term Loans comprising the Delayed Borrowing, in any case where the proceeds thereof shall be used only to reimburse the Borrower or any one or more of its Subsidiaries for all or a portion of the amount of the Term Loan Financing Costs and the Total Acquisition Costs of an Acquisition which was consummated before such drawing is made and which the Borrower or any one or more of its Subsidiaries funded with the proceeds of Revolving Loans (as defined in the Existing Revolving Credit Agreement) or its own cash on-hand.
Examples of Reimbursement Draw in a sentence
Pursuant to Section 2.3(e): --------------------------- Reimbursement Draw...............................$________ 3.