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, for each Lender, the commitment of such Lender to make a portion of the Delayed Draw Term Loan hereunder, and “DDTL Commitments” means such commitments of all the Lenders in the aggregate. The DDTL Commitment of each Lender as of the Closing Date is set forth on Appendix A. The aggregate principal amount of the DDTL Commitments of all of the Lenders as in effect on the Closing Date is THIRTY MILLION DOLLARS ($30,000,000).
Examples of DDTL Commitment in a sentence
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.
From the 61st day after the Closing Date through the First Lien Delayed Draw Termination Date, a fee of 1.00% per annum of the undrawn amount of the First Lien Delayed Draw Term Facility shall be payable to the First Lien Administrative Agent for the account of each of the Lenders with a First Lien Delayed Draw Term Facility commitment, which fee shall be payable quarterly in arrears (such fee, the “First Lien DDTL Commitment Fee”).
More Definitions of DDTL Commitment
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 II. The aggregate principal amount of all Lenders’ DDTL Commitments is
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, 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 II. The aggregate principal amount of all Lenders’ DDTL Commitments is $150,000,000 as of the Closing Date.
DDTL Commitment means on any date during the DDTL Draw Period, the commitment of the Lender to make Loans in an aggregate amount not to exceed the Lender’s DDTL Commitment set forth on Schedule 2.01, as such commitment may be reduced or increased from time to time pursuant to Section 9.04 or reduced from time to time pursuant to Section 2.09 or otherwise pursuant to this Agreement. As of the Closing Date, the initial amount of the Lender’s DDTL Commitment is $20,000,000. The amount of the Lender’s DDTL Commitment shall be reduced by the aggregate principal amount of Loans funded by the Lender.
DDTL Commitment means, with respect to each DDTL Lender, the commitment of such DDTL Lender to make Delayed Draw Term Loans hereunder as set forth on Schedule 2.1, or in the Assignment and Assumption pursuant to which such DDTL Lender assumed its DDTL Commitment, as applicable. The aggregate amount of the DDTL Lenders’ DDTL Commitment as of the Thirteenth Amendment Effective Date is $450,000,000.