Definition of Term B Delayed Draw Percentage


Term B Delayed Draw Percentage means, relative to any Lender, the applicable percentage relating to Term B Delayed Draw Loans set forth opposite its name on Schedule 2.1 hereto under the Term B Delayed Draw Loan Commitment column or set forth in a Assignment Agreement under the Term B Delayed Draw Loan Commitment column, as such percentage may be adjusted from time to time pursuant to Assignment Agreements executed by such Lender and its assignee Lender and delivered pursuant to subsection 10.1B. A Lender shall not have any Term B Delayed Draw Loan Commitment if its percentage under the Term B Delayed Draw Loan Commitment column is zero.
Sample 1

Examples of Term B Delayed Draw Percentage in a sentence

No Term B Delayed Draw Loan Lender shall be permitted or required to make any Term B Delayed Draw Loan if, after giving effect thereto, the aggregate outstanding principal amount of all Term B Delayed Draw Loans of such Term B Delayed Draw Loan Lender would exceed such Lender's Term B Delayed Draw Percentage of the then existing Term B Delayed Draw Loan Commitment Amount.