DDA Notification has the meaning provided therefor in Section 6.13(a)(i).
DDA Notification has the meaning assigned to such term in Section 2.21(c).
DDA Notification has the meaning assigned to such term in Section 5.11.
Examples of DDA Notification in a sentence
DDA Notification and Credit Card Notification to the applicable depository institution and credit card processor.
More Definitions of DDA Notification
DDA Notification as defined in Subsection 4.16(b).
DDA Notification means a written notice in the form of Exhibit D.
DDA Notification has the meaning specified in the First Lien Credit Agreement.
DDA Notification has the meaning provided therefor in Section 2.24(c). “DDAs” means any checking or other demand deposit account, investment account, securities account, commodity account or other account maintained by any Borrower (other than any Excluded Account). “Deemed Borrowing Base” means an amount equal to (a) 75% multiplied by the difference between (A) the Cost of Eligible Inventory and (B) Inventory Reserves, minus (b) the aggregate amount of all Availability Reserves. “Deemed Borrowing Base Termination Date” means the date that the Parent Borrower delivers to the Agent (a) a field examination and appraisal of the Subsidiary Borrowers’ Inventory completed by a reasonably acceptable examiner and a reasonably acceptable appraiser, in each case to the Agent, and (b) a completed Borrowing Base Certificate using the borrowing base formula described in clause (b) of the definition of “Borrowing Base”. “Deemed Borrowing Base” has the meaning assigned to such term in this Agreement prior to giving effect to the Third Amendment. “Default” means any event or condition that constitutes an Event of Default or that upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. “Defaulting Lender” means, any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder, or (ii) pay to the Agent, any Issuing Lender, any Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the Parent Borrower, the Agent, any Issuing Lender or any Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect, (c) has failed, within three (3) Business Days after written request by the Agent or the Parent Borrower, to confirm in writing to the Agent and the Borrowers that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Agent and the Parent Borrower), or (d) has, or has a direct or indirect Len...
DDA Notification has the meaning set forth in Section 3.1(k).
DDA Notification has the meaning specified in Section 6.13(a)(i); it being acknowledged and agreed that the term “DDA Notifications” shall also be deemed to include, without limitation, any such agreement executed and delivered pursuant to the Existing Agreement and the Existing Loan Documents which is in effect as of the Restatement Effective Date.
DDA Notification has the meaning provided therefor in Section 2.23(c). “Debt Service Charges” means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any obligations on account of Synthetic Leases but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP. “Debtor Relief Laws” means the Bankruptcy Code and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. “Default” means any event or condition that constitutes an Event of Default or that upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. “Default Rate” means (a) when used with respect to Obligations other than Letter of Credit Fees and Term Loans, an interest rate equal to (i) the Prime Rate plus (ii) the Applicable Margin applicable to Prime Rate Revolving Loans plus (iii) 2% per annum; provided, however, that with respect to a LIBO Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Margin) otherwise applicable to such Loan plus 2% per annum, (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Margin otherwise payable pursuant to Section 2.14 plus 2% per annum and (c) when used with respect to Term Loans, a rate equal to the Term Loan Interest Rate plus 2% per annum. “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. “Delinquent Lender” has the meaning therefor provided therefor in Section 8.12. “Delinquent Lender’s Future Commitment” has the meaning therefor provided therefor in Section 8.12. “Delinquent Lender Rate” means (a) for the first three (3) days from and after the date the relevant payment is due, the Base Prime Rate, and (b) thereafter, the interest rate then applicable to Loans that are Prime Rate Loans (inclusive of the Applicable Margin applicable thereto). “Deteriorating Lender” means any Delinquent Lender or any Revolvi...