Definition of Term B Delayed Draw Loan Commitment


Term B Delayed Draw Loan Commitment means the commitment of a Lender to make a Term B Delayed Draw Loan to the Borrowers pursuant to subsection 2.1A(iii) of this Agreement, and "Term B Delayed Draw Loan Commitments" means such commitments of all Lenders in the aggregate.
Sample 1

Examples of Term B Delayed Draw Loan Commitment in a sentence

All Term B Delayed Draw Loans not otherwise borrowed prior to the Term B Delayed Draw Loan Commitment Termination Date may be borrowed on the Term B Delayed Draw Loan Commitment Termination Date and deposited in the Project Loans Proceeds Sub-Account and the Non-Casino Loans Proceeds Sub-Account, as applicable, following delivery of a Borrowing Notice with respect to such Term B Delayed Draw Loans setting forth the information requested thereby.
Each Lenders Term B Delayed Draw Non-Casino Loan Commitment shall expire on the Term B Delayed Draw Loan Commitment Termination Date.
The Administrative Agent has the right, but not the obligation, to effectuate assignments of Term B Funded Loans and/or Term B Delayed Draw Loans on or after the Term B Delayed Draw Loan Commitment Termination Date via an electronic settlement system acceptable to the Administrative Agent as designated in writing from time to time to the Lenders by the Administrative Agent (the Settlement Service).
The Administrative Agent has the right, but not the obligation, to effectuate assignments of Term B Loans on or after the Term B Delayed Draw Loan Commitment Termination Date via an electronic settlement system acceptable to Administrative Agent as designated in writing from time to time to the Lenders by Administrative Agent (the "Settlement Service").
Each Lender's Term B Delayed Draw Loan Commitment shall expire on the Term B Delayed Draw Loan Commitment Termination Date.