Delayed Draw Maturity Date definition
Examples of Delayed Draw Maturity Date in a sentence
Subject to Section 2.7 hereof, this Guaranty is a continuing guaranty and shall remain in full force and effect until the latest to occur of (i) the Termination Date, (ii) the Maturity Date and (iii) the Delayed Draw Maturity Date.
Such installments shall be reduced in connection with any voluntary or mandatory prepayments of the Delayed Draw Term Loan, as applicable, in accordance with Section 2.12, and the Delayed Draw Term Loan, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Delayed Draw Maturity Date with respect thereto.
Interest on all outstanding Base Rate Loans and Swingline Loans shall be payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Commitment Termination Date and/or the Delayed Draw Maturity Date, as applicable.
Upon the satisfaction of the conditions precedent specified in clause (c) above, the Existing Revolver Maturity Date or the Existing Delayed Draw Maturity Date, as applicable, shall be extended, without further action by any party hereto.
The U.S. Parent Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Delayed Draw Term Lender, the then unpaid principal amount of the Delayed Draw Term Loans of such Delayed Draw Term Lender on the Delayed Draw Maturity Date.