Common use of Delayed Draw Term Loan Commitment Clause in Contracts

Delayed Draw Term Loan Commitment. From time to time on any Business Day occurring prior to the Delayed Draw Term Loan Commitment Termination Date, each Delayed Draw Term Lender agrees to make loans (relative to such Delayed Draw Term Lender, its “Delayed Draw Term Loans”) to the Borrowers equal to such Delayed Draw Term Lender’s Percentage of the aggregate amount of the Borrowing of the Delayed Draw Term Loans requested by either Borrower to be made on such day. The commitment of each Delayed Draw Term Lender described in this Section is herein referred to as its “Delayed Draw Term Loan Commitment”. No amounts paid or prepaid with respect to Delayed Draw Term Loans may be reborrowed.