Examples of DDT Loans in a sentence
The Loans by an SPC hereunder shall be Revolving Loans, Term Loan A Loans, DDT Loans and/or, if applicable, Incremental Facility Loans of the Granting Lender to the same extent, and as if, such Loans were made by such Granting Lender.
One (1) Revolving Loan Note, one (1) Term Loan A Note, one (1) DDTL Note and, if applicable, one (1) Incremental Facility Note, shall be payable to each applicable Lender in accordance with such Lender’s applicable Commitment Ratio for Revolving Loans, the Term Loan A Loans, the DDT Loans and, if applicable, the Incremental Facility Loans.
The DDT Loans may be, from time to time, Base Rate Loans or Eurodollar Loans or a combination thereof.
The amount of the Unreinvested Net Proceeds required to be repaid under this Section 2.6(b)(ii) shall be applied first, to any Term Loan A Loans and DDT Loans then outstanding, on a pro rata basis, second, once the outstanding Term Loan A Loans and DDT Loans are paid in full, to any Revolving Loans then outstanding (without a reduction in the Revolving Loan Commitments) and third, once the outstanding Revolving Loans are paid in full, as a reduction of the DDTL Commitments.
Once repaid, DDT Loans under the DDTL Commitment may not be reborrowed.
The Borrower hereby promises to pay interest on the unpaid principal amount of the DDT Loans outstanding hereunder as provided in the Loan Agreement.
The DDT Loans may be, from time to time, Base Rate DDT Loans or Eurodollar Rate DDT Loans or a combination thereof.
The Borrowers hereby promise to pay, on a joint and several basis subject to Section 11.20 of the Loan Agreement, interest on the unpaid principal amount of the DDT Loans outstanding hereunder as provided in the Loan Agreement.
The Company hereby requests (select one): ¨ A Borrowing of the DDT Loan; or ¨ A conversion of the DDT Loan, or a continuation of Eurodollar Rate DDT Loans.
During the existence of an Event of Default, (x) no DDT Loans may be requested as, converted to or continued as Eurodollar Rate DDT Loans without the consent of the Required DDT Lenders and (y) no Incremental Term Loans may be requested as, converted to or continued as Eurodollar Rate Incremental Term Loans without the consent of the Required Incremental Term Loan Lenders.