Delayed Draw Term Facility definition

Delayed Draw Term Facility means, at any time, the aggregate amount of the Delayed Draw Term Lenders’ Delayed Draw Term Commitments at such time.

Delayed Draw Term Facility means, at any time, the credit facility constituting the Delayed Draw Term Commitments and Delayed Draw Term Loans.

Delayed Draw Term Facility means the delayed draw term loan facility provided for herein, including the Delayed Draw Term Commitments and the Delayed Draw Term Loans.

Examples of Delayed Draw Term Facility in a sentence

• The Revolving Facility and Term Loan A Facility are subject to the same maximum consolidated net leverage ratio and minimum consolidated interest coverage ratio as the Delayed Draw Term Facility.

• Interest Interest is payable under each of the Pinnacle Revolving Facility, the Pinnacle Term Facility and the Delayed Draw Term Facility at rate linked to the applicable reference rate (including Canadian prime rates, base rates or LIBOR) plus the applicable margin.

• As at the Latest Practicable Date, Pinnacle had drawn C$44,500,000 under the Pinnacle Revolving Facility, C$274,400,000 under the Pinnacle Term Facility and C$102,200,000 under the Delayed Draw Term Facility.

• The Delayed Draw Term Loan Commitment of each Delayed Draw Term Lender shall be automatically and permanently reduced to $0 upon the earlier of (i) the last day of the Availability Period for the Delayed Draw Term Facility and (ii) the date that the aggregate principal amount of the Delayed Draw Term Loan borrowed equals the aggregate Delayed Draw Term Loan Commitment.

• Subject to certain thresholds and other qualifications, there are mandatory prepayments required to be made in respect of the Pinnacle Revolving Facility, Pinnacle Term Facility and Delayed Draw Term Facility upon the occurrence of certain events such as breaching certain financial covenant thresholds and entering into certain debt or disposal transactions, illegality.

More Definitions of Delayed Draw Term Facility

Delayed Draw Term Facility means (a) at any time on or prior to the Delayed Draw Termination Date, the aggregate amount of the Delayed Draw Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Delayed Draw Term Loans of all Delayed Draw Term Lenders outstanding at such time. On the Closing Date the Delayed Draw Term Facility is $104,655,000.00, and on the Delayed Draw Funding Date will be adjusted as described in Section 2.01(c).

Delayed Draw Term Facility the Delayed Draw Term Commitments and the Delayed Draw Term Loans made thereunder.

Delayed Draw Term Facility means, (a) at any time during the Availability Period in respect of such Facility, the sum of (i) the aggregate amount of the Delayed Draw Term Commitments at such time and (ii) the aggregate amount of the Delayed Draw Term Loans of all Delayed Draw Term Lenders outstanding at such time and (b) thereafter, the aggregate amount of Delayed Draw Term Loans of all Delayed Draw Term Lenders outstanding at such time. On the Closing Date the Delayed Draw Term Facility is $75,000,000.

Delayed Draw Term Facility means the Delayed Draw Term Loans provided to or for the benefit of the Borrower pursuant to the terms of this Agreement.

Delayed Draw Term Facility means (a) at any time on or prior to the Delayed Draw Termination Date, the aggregate amount of the Delayed Draw Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Delayed Draw Term Loans of all Delayed Draw Term Lenders outstanding at such time. On the SecondThird Amendment Effective Date the Delayed Draw Term Facility is €215,000,000.

Delayed Draw Term Facility has the meaning set forth in the Syndicated Facility Agreement (First Lien).

Delayed Draw Term Facility means the senior secured delayed draw term loan facility under the Credit Agreement in an aggregate principal amount of up to $75 million.