DDTL Commitment means, in the case of each DDTL Lender as of the date hereof, the amount set forth opposite such DDTL Lender’s name on Schedule 1.01 under the heading “DDTL Commitment”, as the same may be changed from time to time pursuant to the terms hereof.
DDTL Commitment means the DDTL A Commitment or DDTL B Commitment.
DDTL Commitment means, with respect to each Lender, the commitment of such Lender to make Delayed Draw Term Loans hereunder. The aggregate amount of the DDTL Commitments as of the Closing Date is $100,000,000.
Examples of DDTL Commitment in a sentence
All reductions of a DDTL Commitment shall be allocated pro rata among all Lenders holding such DDTL Commitment.
Any outstanding DDTL Commitments of each DDTL Lender shall automatically terminate on the DDTL Commitment Expiration Date.
Undrawn commitment fees shall be payable in arrears on the last day of each Fiscal Quarter and on the DDTL Commitment Expiration Date for any period then ending for which such undrawn commitment fees shall not have previously been paid, at election of the Company in its sole discretion either (x) in cash or (y) in kind by capitalizing such fees and increasing the outstanding principal amount of Loans by the amount of fees accrued in respect of such Loans during the applicable period (“PIK Fees”).
On the DDTL Commitment Expiration Date, the unused Commitments shall terminate.
During the New Money DDTL Commitment Period, subject to and upon the terms and conditions set forth herein, each Lender having a Commitment severally agrees to make term loans (each, a “New Money Delayed Draw Term Loan”) to the Borrower on each New Money DDTL Funding Date in an amount not to exceed to such Lender’s Commitment on such date (or such lesser amount as may be requested by the Borrower).
More Definitions of DDTL Commitment
DDTL Commitment means, with respect to each applicable 2025-27 TL Lender, the commitment of such applicable 2025-27 TL Lender to make DDTL Advances hereunder. The amount of each 2025-27 TL Lender’s DDTL Commitment as of the Closing Date is set forth on Schedule IB. The aggregate amount of the DDTL Commitments as of the Closing Date is €250,000,000.
DDTL Commitment means the individual commitment of each such Lender.
DDTL Commitment means, with respect to each DDT Lender, the obligation of such DDT Lender to make a DDT Loan hereunder, in a principal amount not exceeding the amount set forth with respect to such Lender on Schedule 2.06. The aggregate principal amount of all DDT Lenders’ DDTL Commitments is $800,000,000 as of the Closing Date. The DDTL Commitments shall automatically terminate upon the funding of the DDT Loans on the DDTL Funding Date.
DDTL Commitment with respect to each Lender, its obligation to make delayed draw term loans pursuant to Section 2.3 in an aggregate principal amount at any time outstanding set forth opposite such Lender’s name on Schedule 1.1(B) or in the Assignment and Assumption pursuant to which such Lender becomes party hereto, as such commitment (a) shall be reduced from time to time by each Credit Extension made pursuant to the DDTL Commitment and (b) may be reduced from time to time in accordance with Section 2.11(b)(ii). As of the Closing Date, the aggregate amount of the DDTL Commitments of all Lenders is $50,000,000.
DDTL Commitment means, (a) in the case of each Lender that is a Lender on the date hereof, the amount set forth opposite such Lender’s name on Schedule 1.01(a) as such Lender’s “DDTL Commitment” and (b) in the case of any Lender that becomes a Lender after the date hereof, the amount specified as such Lender’s “DDTL Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the DDTL Commitment, in each case as, the same (x) shall be permanently reduced each time there is a Delayed Draw Term Loan draw by the amount of such Delayed Draw Term Loan draw that such Lender funds and (y) may be otherwise changed from time to time pursuant to the terms hereof. “DDTL Commitment Expiration Date” shall mean December 30, 2021. “DDTL Facility” shall have the meaning set forth in the recitals to this Agreement. “DDTL Note” shall mean a promissory note substantially in the form of Exhibit D-1. “Declined Proceeds” shall have the meaning set forth in Section 5.02(j). “Default” shall mean any event, act or condition that with notice or lapse of time, or both, would constitute an Event of Default. “Default Rate” shall have the meaning set forth in Section 2.08(c). “Defaulting Lender” shall mean, subject to Section 2.15, any Lender that, as determined by the Administrative Agent, (a) has failed to (i) fund any portion of the Term Loans required to be funded by it hereunder for three (3) or more Business Days unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any other Lender any other amount required to be paid by it hereunder, (b) has notified the Borrower, or the Administrative Agent in writing that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder or under other agreements in which it commits to extend credit (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writi...
DDTL Commitment means, with respect to each Lender, the obligation of such Lender to make a DDT Loan hereunder, in a principal amount not exceeding the amount set forth with respect to such Lender on S chedule II. The aggregate principal amount of all Lenders’ DDTL Commitments is
DDTL Commitment means, with respect to each Lender, the obligation of such Lender to make a DDT Loan hereunder, in a principal amount not exceeding the amount set forth with respect to such Lender on Schedule I. The aggregate principal amount of all Lenders’ DDTL Commitments is $0 as of the Sixth Amendment Effective Date.