Definition of Term Loan Draw Date


Term Loan Draw Date means the date on which the conditions specified in Section 4.02 were satisfied (or waived in accordance with Section 10.02). The Term Loan Draw Date occurred on November 20, 2014.

Examples of Term Loan Draw Date in a sentence

Accrued Term Loan Commitment Fees shall be payable in arrears on the Term Loan Draw Date and on each Commitment Fee Payment Date, commencing March 31, 2015, and on the date on which the Term Loan Commitments otherwise terminate.
At least 30 days prior to, but not more than 90 days prior to, any annual anniversary of the Term Loan Draw Date, the Borrower, by written notice to the Administrative Agent, may request an extension of the Term Loan Maturity Date to the date that is one year after the then existing Term Loan Maturity Date (such existing Term Loan Maturity Date, the "Existing Term Loan Maturity Date").
Each quarterly payment due and payable during each Loan Year (except with regard to the Fifth Loan Year) shall equal one-fourth (1/4) of the Loan Year Amount for such Loan Year and shall be due and payable quarterly on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Term Loan Draw Date, and in any event at least thirty (30) days after the Term Loan Draw Date.
At least 30 days prior to, but not more than 90 days prior to, any annual anniversary of the Term Loan Draw Date, the Borrower, by written notice to the Administrative Agent, may request an extension of the Term Loan Maturity Date to the date that is one year after the then existing Term Loan Maturity Date (such existing Term Loan Maturity Date, the Existing Term Loan Maturity Date).
Draw Date shall occur no later than the Outside Term Loan Draw Date.