Definition of Term B Delayed Draw Loan Commitment Termination Date


Term B Delayed Draw Loan Commitment Termination Date means the earlier of (a) the occurrence of a Commitment Termination Event, (b) the date on which the full amount of Term B Loans available to be borrowed have been borrowed or (c) the date that is the six month anniversary of the Closing Date.
Sample 1

Examples of Term B Delayed Draw Loan Commitment Termination Date in a sentence

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).
Whenever the Borrower desires that Lenders make Term Loans (other than the initial Credit Extensions on the Closing Date and Term B Delayed Draw Loans on the Term B Delayed Draw Loan Commitment Termination Date) or Project Cost Revolving Loans, the Borrower shall deliver to the Disbursement Agent the Advance Request, Borrowing Notice, and related documentation required by the terms of Section 2.4.1(a) of the Disbursement Agreement.
Each Lenders Term B Delayed Draw Project Loan Commitment shall expire on the Term B Delayed Draw Loan Commitment Termination Date.
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 Bank Proceeds Account, following delivery of a Borrowing Notice with respect to such Term B Delayed Draw Loans setting forth the information requested thereby.