DDTL Commitment Expiration Date definition

DDTL Commitment Expiration Date means the earliest to occur of (a) the date on which the Maximum DDTL Amount has been fully drawn, (b) the date on which the Delayed Draw Term Loan Commitments are terminated in accordance with Section 2.05 and (c) the date that is twelve (12) months after the Closing Date.

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DDTL Commitment Expiration Date means June 30, 2021

DDTL Commitment Expiration Date means the thirty (30) month anniversary of the Closing Date.

Examples of DDTL Commitment Expiration Date in a sentence

• Any outstanding DDTL Commitments of each DDTL Lender shall automatically terminate on the DDTL Commitment Expiration Date.

• On the DDTL Commitment Expiration Date, the unused Commitments shall terminate.

• Unless previously terminated, the Delayed Draw Term Loan Commitments shall terminate on the DDTL Commitment Expiration Date; provided that, on the date of each Borrowing of Delayed Draw Term Loans, the portion of the delayed Draw Term Loan Commitments being funded pursuant to such Borrowing shall terminate immediately after the funding of such Delayed Draw Term Loans.

• 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”).

• Accrued commitment fees shall be payable in arrears on the last day of each fiscal quarter, commencing on the first such date to occur after the Closing Date, and on the DDTL Commitment Expiration Date.

More Definitions of DDTL Commitment Expiration Date

DDTL Commitment Expiration Date means the earliest of (a) April 19, 2021 and (b) the date on which the Delayed Draw Loan Commitments are otherwise terminated pursuant to Section 2.07(b).

DDTL Commitment Expiration Date means each of First DDTL Commitment Expiration Date and the Second DDTL Commitment Expiration Date, and “DDTL Commitment Expiration Date” means both of them, collectively.

DDTL Commitment Expiration Date means the earliest of (i) the funding of the 2020 Delayed Draw Term Loans on the DDTL Funding Date, (ii) the date, if any, on which the Borrower voluntarily terminates all of the 2020 DDTL Commitments prior to the DDTL Funding Date and/or (iii) 11:59 p.m. New York City time on May 9, 2020.

DDTL Commitment Expiration Date means 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 writing or public statement) cannot be satisfied), (c) has failed, within three (3) or more Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing in a manner satisfactory to the Administrative Agent that it will comply with its prospective funding obligations hereunder 11

DDTL Commitment Expiration Date means the earliest to occur of (a) the date on which the Maximum DDTL Amount has been fuly drawn, (b) the date on which the Delayed Draw Term Loan Commitments are otherwise terminated and (c) the date that is eighteen (18) months after the Closing Date.

DDTL Commitment Expiration Date means the thirty (30) month anniversary of the Closing Date, subject to any extension thereof pursuant to Section 2.04(e). date the Keys Draw is funded following a duly submitted Request for Credit Extension in accordance herewith; provided that if no such Request for Credit Extension is made on or prior to July 7, 2023, then the DDTL Commitment Expiration Date shall be July 7, 2023; provided further that, notwithstanding the occurrence of the “DDTL Commitment Expiration Date” in accordance with the foregoing, up to $100,000,000 Initial DDTLs will be made available by the Lenders on the terms and conditions otherwise applicable to Initial DDTLs hereunder for a period of twelve (12) months, ending July 7, 2024.

DDTL Commitment Expiration Date means the Amendment No. 3 Effective Date.