Definition of Term B Delayed Draw Loan Commitment Termination Date

  1. 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.

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

  1. 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).

Definition of Term B Delayed Draw Loan Commitment Termination Date in Credit Agreement

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.