Delayed Draw Commitment Amount definition

Delayed Draw Commitment Amount means $25,000,000.

Delayed Draw Commitment Amount means $10,000,000.

Delayed Draw Commitment Amount means the total aggregate amount of principal that Lenders have agreed to fund (subject to the terms and condition set forth in this Agreement, including Sections 6.2 and 6.3) in respect of any Delayed Draw Financing, as such amount is set forth in the Underlying Financing Specification for such Delayed Draw Financing.

Examples of Delayed Draw Commitment Amount in a sentence

• On the terms and subject to the conditions of this Agreement, each Lender severally agrees to make its portion of a term loan (the “First Delayed Draw Loan”) to the Borrower on the First Delayed Draw Closing Date in an amount equal to (but not less than) such Xxxxxx’s First Delayed Draw Commitment Amount; provided that upon the funding of the First Delayed Draw Loan on the First Delayed Draw Closing Date, the First Delayed Draw Commitment Amount shall be reduced to $0.

• The Second Delayed Draw Commitment Amount shall automatically and permanently be reduced to zero on the Second Delayed Draw Commitment Termination Date.

• The First Delayed Draw Commitment Amount shall automatically and permanently be reduced to zero on the First Delayed Draw Commitment Termination Date.

• On the terms and subject to the conditions of this Agreement, each Lender severally agrees to make its portion of a term loan (the “Second Delayed Draw Loan”) to the Borrower on the Second Delayed Draw Closing Date in an amount equal to (but not less than) such Xxxxxx’s Second Delayed Draw Commitment Amount designated on the Loan Request; provided that upon the funding of the Second Delayed Draw Loan on the Second Delayed Draw Closing Date, the Second Delayed Draw Commitment Amount shall be reduced to $0.

• In addition to the foregoing, the Borrower shall have the right, upon notice to the Administrative Agent, at any time and from time to time to terminate the First Delayed Draw Commitment Amount and the Second Delayed Draw Commitment Amount in connection with the payment in full of the Obligations (other than contingent indemnity and expense reimbursement obligations for which no claim has been asserted).

More Definitions of Delayed Draw Commitment Amount

Delayed Draw Commitment Amount means an amount equal to (a) $10,000,000 or (b) $20,000,000, as determined by the Borrower in its sole discretion.

Delayed Draw Commitment Amount means each of the First Delayed Draw Commitment Amount and the Second Delayed Draw Commitment Amount.

Delayed Draw Commitment Amount in Section 1.1 of the Credit Agreement is hereby amended so that the definition reads in its entirety as follows:

Delayed Draw Commitment Amount means $5,000,000.

Delayed Draw Commitment Amount means the lesser of (i) $10,000,000 and (ii) the difference between $30,000,000 and the amount of the Tender Offer Term Borrowing. The Delayed Draw Commitment Amount is part of, and not in addition to, the Term Commitment.

Delayed Draw Commitment Amount means, as to each Delayed Draw Lender, its obligation to make a Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(b) in an aggregate amount not to exceed the amount set forth opposite such Delayed Draw Lender’s name in Schedule 2.01 under the caption “Delayed Term Commitment” or in the Assignment and Acceptance pursuant to which such Delayed Draw Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Delayed Draw Commitments is $5,000,000.

Delayed Draw Commitment Amount means with respect to a Delayed Draw Financing, the total aggregate amount of principal that Lenders have agreed to fund (subject to the terms and condition set forth in this Agreement, including Sections 6.2 and 6.3) in respect of such Delayed Draw Financing, as such amount is set forth in the Underlying Financing Specification for such Delayed Draw Financing.