Delayed Draw Term Loan definition

Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

Delayed Draw Term Loan means, collectively, the loans made by the Delayed Draw Term Loan Lenders to the Borrower pursuant to Section 2.01(a).

Delayed Draw Term Loan shall have the meaning provided in Section 2.1(a). For the avoidance of doubt, all Delayed Draw Term Loans are 2014 Term Loans.

Examples of Delayed Draw Term Loan in a sentence

• For the avoidance of doubt, any amount paid or prepaid in respect of any Initial Term Loan or Delayed Draw Term Loan may not be reborrowed.

• Subject to the terms and conditions set forth herein, each Tranche C Delayed Draw Term Lender severally, and not jointly, agrees to make Tranche C Delayed Draw Term Loans to the Borrower, on any Business Day during the Tranche C Delayed Draw Availability Period (such date on which any Tranche C Delayed Draw Term Loans are made, the “Tranche C Delayed Draw Funding Date”) in Dollars in a principal amount not to exceed its Tranche C Delayed Draw Term Loan Commitment.

• Subject to the terms and conditions set forth herein, each Tranche B Delayed Draw Term Lender severally, and not jointly, agrees to make Tranche B Delayed Draw Term Loans to the Borrower, on any Business Day during the Tranche B Delayed Draw Availability Period (such date on which any Tranche B Delayed Draw Term Loans are made, the “Tranche B Delayed Draw Funding Date”), in Dollars in a principal amount not to exceed its Tranche B Delayed Draw Term Loan Commitment.

More Definitions of Delayed Draw Term Loan

Delayed Draw Term Loan. A Loan that is fully committed on the closing date thereof and is required by its terms to be fully funded in one or more installments on draw dates to occur within three years after the closing date thereof but which, once fully funded, has the characteristics of a Term Loan.

Delayed Draw Term Loan and “Delayed Draw Term Loans” means the Term A Loans made, if any, pursuant to Section 2.01(a)(ii). For the avoidance of doubt, after the expiration of the Delayed Draw Availability Period, the Initial Term A Loans and the Delayed Draw Term Loans (if any) shall all constitute Term A Loans hereunder, without differentiation.

Delayed Draw Term Loan means a Tranche A Term Loan made by a Lender pursuant to Section 2.1(a)(ii) of the Second Amended and Restated Credit Agreement.

Delayed Draw Term Loan means any Loan that is fully committed on the initial funding date of such Loan and is required to be fully funded in one or more installments on draw dates to occur within one year of the initial funding of such Loan but which, once such installments have been made has the characteristics of a term loan; provided that any Loan as to which no further installment may be funded shall not be a Delayed Draw Term Loan.

Delayed Draw Term Loan means, collectively, the Delayed Draw Term Loan A and the Delayed Draw Term Loan B.

Delayed Draw Term Loan is defined in Section 2.1.3.

Delayed Draw Term Loan means an advance made by a Delayed Draw Term Lender under the Delayed Draw Term Facility.