Delayed Draw Term Commitment Termination Date definition

Delayed Draw Term Commitment Termination Date means the earlier of (i) October 1, 2018 and (ii) the termination of the Delayed Draw Term Commitments in full pursuant to Section 2.06(a).
Delayed Draw Term Commitment Termination Date has the meaning assigned to such term in Amendment No. 1.
Delayed Draw Term Commitment Termination Date means the earliest of (i) the date on which the entire Delayed Draw Term Loan Commitment has been drawn, (ii) May 3, 2024, (ii) the date on which the Delayed Draw Term Loan Commitments are terminated pursuant to Section 2.8 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise).

Examples of Delayed Draw Term Commitment Termination Date in a sentence

  • The Delayed Draw Term Loan Commitments of each Term Lender shall (i) automatically and permanently be reduced upon the making of any Delayed Draw Term Loans by an amount equal to the Delayed Draw Term Loans so made and (ii) automatically and permanently be reduced to $0 on the Delayed Draw Term Commitment Termination Date.

  • The 2021 Delayed Draw Ticking Fee shall be due and payable quarterly in arrears after the Amendment No. 4 Effective Date and upon the earliest of the 2021 Delayed Draw Funding Date, the 2021 Delayed Draw Term Commitment Termination Date and the date of any other termination of the 2021 Delayed Draw Term Commitments.

  • The Delayed Draw Term Commitment Fee shall accrue at all times from the Closing Date until the date that is the earlier of (i) the Delayed Draw Funding Date and (ii) the Delayed Draw Term Commitment Termination Date, upon which date the Delayed Draw Term Commitment Fee shall become due and payable.

  • Each Lender’s Delayed Draw Term Commitment shall expire on the Delayed Draw Term Commitment Termination Date.

  • Accrued fees under subsection (d) of this Section shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing with the first payment due (on a prorated basis) on March 31, 2025, and on the Delayed Draw Term Commitment Termination Date.


More Definitions of Delayed Draw Term Commitment Termination Date

Delayed Draw Term Commitment Termination Date means February 27, 2018.
Delayed Draw Term Commitment Termination Date means the earliest to occur of (a) the consummation of the GET Direct Sale without using the Delayed Draw Term Facility, (b) the termination of either the GET Merger Agreement or the GET Separation Agreement in accordance with the terms thereof and (c) 5:00 p.m., New York City time, on May 20, 2019, provided that if the End Date (as defined in the GET Merger Agreement as in effect on the Signing Date) shall have been extended in accordance with Section 10.01(b)(i) of the GET Merger Agreement (as in effect on the Signing Date), then the date in this clause (c) shall automatically be extended (but not beyond 5:00 p.m., New York City time, on August 20, 2019) to be the same date as the End Date as so extended.
Delayed Draw Term Commitment Termination Date means the earliest to occur of (i) the date upon which all of the Delayed Draw Term Commitment has been funded, (ii) the date that is eighteen months after the Closing Date, and (iii) the date, if any, on which the Borrower elects to terminate the Delayed Draw Term Commitment in full pursuant to Section 2.06.
Delayed Draw Term Commitment Termination Date means 5:00 p.m., New York City time, on the date that is 18 months following the Restatement Effective Date. “Delayed Draw Term Facility” means the delayed draw term loan facility provided for herein, including the Delayed Draw Term Commitments and the Delayed Draw Term Loans. “Delayed Draw Term Funding Date” means any date, after the Restatement Effective Date and on or before the Delayed Draw Term Commitment Termination Date, on which a Delayed Draw Term Loan is made pursuant to clause (a) of Section 2.01. “Delayed Draw Term Lender” means a Lender with a Delayed Draw Term Commitment or an outstanding Delayed Draw Term Loan. “Delayed Draw Term Loan” means a Loan made pursuant to clause (a) of Section 2.01. “Delayed Draw Term Maturity Date” means the fifth anniversary of the Restatement Effective Date. “Delayed Draw Term Ticking Fee” has the meaning set forth in Section 2.09(b). “Designated Cash Management Obligations” means the due and punctual payment and performance of all obligations of the Company and the Subsidiaries in respect of any Cash Management Services provided to the Company or any Subsidiary that are (a) owed to the Administrative Agent, any Arranger or an Affiliate of any of the foregoing, or to any Person that, at the time such obligations were incurred, was the Administrative Agent, an Arranger or an Affiliate of any of the foregoing, (b) owed on the Restatement Effective Date to a Person that is a Lender or an Affiliate of a Lender as of the Restatement Effective Date or (c) owed to a Person that is a Lender or an Affiliate of a Lender at the time such obligations are incurred, including obligations with respect to fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including obligations accruing, at the rate specified therein, or incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding). “Designated Hedge Obligations” means the due and punctual payment and performance of all obligations of the Company and the Subsidiaries under each Hedging Agreement that (a) is with a counterparty that is, or was on the Restatement Effective Date, the Administrative Agent, an Arranger or an Affiliate of any of the foregoing, whether or not such counterparty shall have been the Administrative Agent, an Arranger or an Affiliate of any of the foregoing at the time such Hedging Agreement was enter...
Delayed Draw Term Commitment Termination Date means the earliest to occur of (a) the consummation of the GET Direct Sale without using the Delayed Draw Term Facility, (b) the termination of either the GET Merger Agreement or the GET Separation Agreement in accordance with the terms thereof and (c) 5:00 p.m., New York City time, on May 20, 2019, provided that if the End Date (as defined in the GET Merger Agreement as in effect on the Signing Date) shall have been extended in accordance with Section 10.01(b)(i) of the GET Merger Agreement (as in effect on the Signing Date), then
Delayed Draw Term Commitment Termination Date means, in the case of the Trajen Acquisition, the earliest to occur of (i) the Administrative Agent's receipt of the Specified Acquisition Termination Notice, which shall be deemed to be a notice of termination of the Delayed Draw Term Commitments then outstanding, (ii) a public announcement by the owners of Trajen (or other appropriate Person) that the bid to make an Acquisition of, or Investment in, Trajen has been awarded to a Person other than a member of the MIC Group, (iii) March 31, 2007, (iv) the date on which the Delayed Draw Term Loans are funded and (v) in the case of any Equity Issuance (other than an Excluded Equity Issuance) made after the Effective Date, the date of such Equity Issuance; provided, that it is understood and agreed that in the event that the Net Cash Proceeds of such Equity Issuance are less than the then outstanding Delayed Draw Term Commitments, such Delayed Draw Term Commitments shall be terminated in part in an amount equal to such Net Cash Proceeds, with any such partial termination of the Delayed Draw Term Commitments being applied to ratably reduce the Delayed Draw Term Commitments of all Lenders by each such Lender's Ratable Portion of the amount of such partial termination.
Delayed Draw Term Commitment Termination Date the earlier of (i) date that is 12 months after the Closing Date, (ii) the date on which the Delayed Draw Term Commitment has been fully drawn and (iii) the date of termination of any Delayed Draw Term Commitments pursuant to Section 2.3 such that after giving effect to such termination, there are no Available Delayed Draw Term Commitments; provided, that if such date is not a Business Day, the “Delayed Draw Term Commitment Termination Date” will be the immediately preceding Business Day.