Delayed Draw Term A Commitment definition

Delayed Draw Term A Commitment means, as to each Lender, its obligation to make a Delayed Draw Term A Loan to the Company hereunder, expressed as an amount representing the maximum principal amount of the Delayed Draw Term A Loans to be made by such Lender under this Agreement, as such commitment may be reduced or increased from time pursuant to Sections 2.4, 13.1 or any other applicable provisions hereof. The initial amount of each Lender’s Delayed Draw Term A Commitment is set forth on Schedule 1.1(a) under the caption “Delayed Draw Term A Commitment” or, otherwise, in the Assignment and Assumption pursuant to which such Lender shall have assumed its Delayed Draw Term A Commitment, as the case may be. The aggregate amount of the Delayed Draw Term A Commitments as of the Execution Date is $250,000,000.
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Delayed Draw Term A Commitment means, as to each Delayed Draw Term A Lender, its obligation to make Delayed Draw Term A Loans to the Borrowers pursuant to Section 2.01(b) in an aggregate amount not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2-B to Amendment No. 2 under the caption “Delayed Draw Term A Commitment” or in the applicable Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.22). The aggregate amount of the Delayed Draw Term A Commitments as of the Amendment No. 2 Closing Date is $400,000,000.
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Delayed Draw Term A Commitment means as to any Delayed Draw Term A Lender at any time, the amount set forth under the heading “Delayed Draw Term A Commitment” opposite such Person’s name on Schedule I to Amendment No. 6 or in the Assignment and Assumption by which such Delayed Draw Term A Lender became a Delayed Draw Term A Lender, as such amount may be reduced by the operation of Section 2.07 or Section 2.01(d). The original aggregate principal amount of the Delayed Draw Term A Commitments on the Amendment No. 6 Effective Date is $400.0 million.
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Examples of Delayed Draw Term A Commitment in a sentence

  • The Delayed Draw Term A Commitment of each Delayed Draw Term A Lender shall be automatically reduced by an amount equal to the principal amount of each Delayed Draw Term A Loan made by such Lender pursuant to the immediately preceding sentence upon the making of such Delayed Draw Term A Loan.

  • The Delayed Draw Commitment Fee shall accrue from and including the 61st day following the Amendment No. 6 Effective Date, and shall be due and payable quarterly in arrears (A) on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the 61st day following the Amendment No. 6 Effective Date and (B) on the Delayed Draw Term A Commitment Termination Date.

  • During the Delayed Draw Term A Commitment Period, each of the Delayed Draw Term A Lenders severally agrees to make term loans (in an aggregate principal amount not to exceed its Delayed Draw Term A Commitment) to the Parent Borrower in Dollars from time to time on any Business Day (the “Delayed Draw Term A Loans”).

  • Unless previously terminated, (i) the Delayed Draw Term A Commitments shall terminate on the Delayed Draw Term A Commitment Expiration Date and (ii) all Existing Revolving Commitments shall terminate on the Restatement Effective Date.

  • The Delayed Draw Ticking Fee shall be distributed to the Delayed Draw Term A Lenders pro rata in accordance with the amount of each such Delayed Draw Term A Lender’s Delayed Draw Term A Commitment.

  • The Delayed Draw Ticking Fee shall be due and payable quarterly in arrears on (i) the last Business Day of each March, June, September and December after the 45th day after the Restatement Effective Date, commencing with the first such date to occur during the first fiscal quarter after the 45th day after Restatement Effective Date and (ii) the Delayed Draw Term A Commitment Expiration Date.

  • The Delayed Draw Ticking Fee shall be calculated based upon the actual number of days elapsed over a 360-day year for the period from and including the 45th day after the Restatement Effective Date to but excluding the Delayed Draw Term A Commitment Expiration Date.

  • Subject to clause (ii) below, the Unused Delayed Draw Term A Commitment Fees shall be payable in arrears on each Interest Payment Date.

  • Subject to the terms and conditions set forth herein, each Delayed Draw Term A Holder agrees to make Delayed Draw Term A Loans to the Company in an aggregate principal amount equal to the full amount of its Delayed Draw Term A Commitment in a single drawing during the Delayed Draw Term A and Term B Availability Period.

  • The 2024 Delayed Draw Term A Ticking Fee shall be due and payable quarterly in arrears after the Amendment No. 1 Effective Date and upon the earliest of the 2024 Delayed Draw Term A Loan Funding Date, the applicable 2024 Delayed Draw Term A Commitment Termination Date and the date of any other termination of the 2024 Delayed Draw Term A Commitments.


More Definitions of Delayed Draw Term A Commitment

Delayed Draw Term A Commitment means, with respect to each Delayed Draw Term A Holder, the agreement of such Holder to fund its portion of the Delayed Draw Term A Loans to the Company during the Delayed Draw Term A and Term B Availability Period. The initial maximum amount of each Delayed Draw Term A Holder’s Delayed Draw Term A Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Holder shall have assumed its Delayed Draw Term A Commitment, as applicable. As of the Amendment Closing Date, the aggregate original amount of the Delayed Draw Term A Commitments is $5,000,000.
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Delayed Draw Term A Commitment or in the applicable Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.22). The aggregate amount of the Delayed Draw Term A Commitments as of the Amendment No. 2 Closing Date is $400,000,000.
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Delayed Draw Term A Commitment opposite such Person’s name on Schedule I to Amendment No. 6 or in the Assignment and Assumption by which such Delayed Draw Term A Lender became a Delayed Draw Term A Lender, as such amount may be reduced by the operation of Section 2.07 or Section 2.01(d). The original aggregate principal amount of the Delayed Draw Term A Commitments on the Amendment No. 6 Effective Date is $400,000,000.
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Delayed Draw Term A Commitment means, as to each Lender, its obligation to make a Delayed Draw Term A Loan to the Company hereunder, expressed as an amount representing the maximum principal amount of the Delayed Draw Term A Loans to be made by such Lender under this Agreement, as such commitment may be reduced or increased from time pursuant to 509265-1946-Active.21307007.121307007.7 Sections 2.4, 13.1 or any other applicable provisions hereof. The initial amount of each Lender’s Delayed Draw Term A Commitment is set forth on Schedule 1.1(a) under the caption “Delayed Draw Term A Commitment” or, otherwise, in the Assignment and Assumption pursuant to which such Lender shall have assumed its Delayed Draw Term A Commitment, as the case may be. The aggregate amount of the Delayed Draw Term A Commitments as of the Execution Date is $250,000,000.
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Delayed Draw Term A Commitment means, with respect to each Delayed Draw Term A Holder, the agreement of such Holder to fund its portion of the Delayed Draw Term A Loans to the Company during the Delayed Draw Term A and Term B Availability Period. The initial maximum amount of each Delayed Draw Term A Holder’s Delayed Draw Term A Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Holder shall have assumed its Delayed Draw Term A Commitment, as applicable. As of the Amendment Closing Date, the aggregate original amount of the Delayed Draw Term A Commitments is $5,000,000.
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Related to Delayed Draw Term A Commitment

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.