Common use of Delayed Draw Notes Clause in Contracts

Delayed Draw Notes. The US Issuer has duly authorized the issuance, sale and delivery, on a one-time basis, of additional Senior Secured Notes due 2023 in the aggregate principal amount of $25,000,000, to be dated the Delayed Draw Note Closing Date, to mature on the Maturity Date, and to be substantially in the form of Exhibit A-2 hereto (all such notes originally issued pursuant to this paragraph (b), or delivered in substitution or exchange for any thereof, being collectively called the “Delayed Draw Notes” and individually an “Delayed Draw Note”). Notwithstanding anything to the contrary set forth herein, the Delayed Draw Notes, upon their issuance, will be immediately separable and transferable in accordance with the terms hereof.