DDTL Availability Period definition

DDTL Availability Period means the period from, and including, the Effective Date to, and including, the earlier of: (a) September 17, 2021; and (b) the date of termination of the DDTL Commitments.
Sample 1
DDTL Availability Period means the period from and including December 6, 2023 and the earlier of (a) May 14, 2024 and (b) the date on which the Delayed Draw Term Commitments have been terminated.
Sample 1Sample 2
DDTL Availability Period means each of the First DDTL Availability Period and the Second DDTL Availability Period, and “DDTL Availability Period” means both of them, collectively.
Sample 1

Examples of DDTL Availability Period in a sentence

  • The Borrower Representative shall pay to Term Agent, for the ratable account of the Delayed Draw Term Lenders, a fee (the “Unused Line Fee”) in an amount equal to 1.00% per annum times the Average Delayed Draw Availability during the immediately preceding month (or portion thereof), which Unused Line Fee shall be due and payable monthly in arrears on the first day of each month from and after the Closing Date up to the end of the DDTL Availability Period.

  • Subject to the terms and conditions set forth herein, each Delayed Draw Term Lender (severally and not jointly) agrees to make Delayed Draw Term Loans in Dollars to the Borrower in a single drawing during the DDTL Availability Period in an aggregate principal amount not to exceed its Delayed Draw Term Commitment.

  • Subject to the terms and conditions set forth herein, each Lender with a Delayed Draw Term Commitment severally agrees to make its portion of a term loan (the “Delayed Draw Term Loan”) to the Borrower in one or more draws on any Business Day during the DDTL Availability Period in a principal amount not to exceed such Lender’s Delayed Draw Term Commitment.

  • As of the Initial Borrowing Date, all premiums due and payable in respect of such insurance have been paid.

  • Subject to the terms and conditions set forth herein, the Lenders will make advances of their respective DDTL Commitment Percentages of a term loan (the “Delayed Draw Term Loan”) in an amount not to exceed the aggregate DDTL Commitments and, with respect to any Lender, such Xxxxxx’s DDTL Commitment, which the Delayed Draw Term Loan will be disbursed to the Borrower in Dollars in multiple advances during the DDTL Availability Period.

  • On the Closing Date, Xxxxxxxx has requested that the Lenders extend credit in the form of Initial Term Loans in an aggregate principal amount equal to the Initial Term Loan Commitment (as defined herein) and, after the Closing Date, extend Delayed Draw Term Loans (as defined herein) from time to time during the DDTL Availability Period (as defined herein), in an aggregate principal amount not to exceed the DDTL Commitment (as defined herein).

  • Subject to the terms and conditions set forth herein, each Lender with a Delayed Draw Term Commitment severally agrees to make its portion of a term loan (the “Delayed Draw Term Loan”) to the Borrower in one or more draws on any Business Day during the DDTL Availability Period in a principal amount not to exceed such Xxxxxx’s Delayed Draw Term Commitment.

  • Borrower shall pay to Term Agent, for the ratable account of the Delayed Draw Term Lenders, a fee (the “Unused Line Fee”) in an amount equal to 1.00% per annum times the Average Delayed Draw Availability during the immediately preceding month (or portion thereof), which Unused Line Fee shall be due and payable monthly in arrears on the first day of each month from and after the Closing Date up to the end of the DDTL Availability Period.

  • The DDTL Commitment of each Lender shall be automatically and permanently reduced upon the funding of any Delayed Draw Term Loan by such Lender by the amount of such Delayed Draw Term Loan, and, if not previously funded, shall terminate in full on the last day of the DDTL Availability Period.


More Definitions of DDTL Availability Period

DDTL Availability Period means the period beginning on the date the Final Order is entered and ending on the earliest to occur of (i) September 30, 2022, (ii) the Maturity Date with respect to the Delayed Draw Term Loans, and (iii) the DDTL Borrowing Date upon which the aggregate maximum amount of the DDTL Facility shall have been funded (after giving effect to the Borrowing on such DDTL Borrowing Date).
Sample 1
DDTL Availability Period means the period beginning on November 1, 2023 and ending on the earlier to occur of:
Sample 1
DDTL Availability Period means the period commencing with the Closing Date and ending on the date that is the one (1) year anniversary of the Closing Date.
Sample 1
DDTL Availability Period means, with respect to the applicable DDTL Commitments, the period from and including the Effective Date to but excluding the six-month anniversary of the Effective Date; provided that no later than 30 days prior to the end of the DDTL Availability Period the Borrower at its option may extend the DDTL Availability Period up to the nine-month or twelve-month anniversary of the Effective Date upon payment of the applicable fees related to such extension as set forth in the Fee Letter.
Sample 1

Related to DDTL Availability Period

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Facility Period means the period beginning on the date of this Agreement and ending on the date when the whole of the Indebtedness has been paid in full and the Security Parties have ceased to be under any further actual or contingent liability to the Finance Parties under or in connection with the Finance Documents.

  • Canadian Availability means (a) the lesser of (x) the Canadian Sublimit and (y) the sum of (i) the Canadian Borrowing Base plus (ii) solely to the extent the total Revolving Exposure relating to the Canadian Borrower exceeds the Canadian Borrowing Base, the US Availability (calculated without giving effect to any Canadian US Borrowing Base Utilization), minus (b) the total Revolving Exposure relating to the Canadian Borrower.

  • Benchmark Unavailability Period means, the period (if any) (a) beginning at the time that a Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.14 and (b) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.14.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • Availability Block means $15,000,000.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.