DDTL Commitment Expiration Date definition

DDTL Commitment Expiration Date means the earlier of (a) the date on which the Commitments have been fully drawn and reduced to zero in accordance with Section 2.1, Section 6.1 and/or Section 13, and (b) the date that is 9 months after the Effective Date.

DDTL Commitment Expiration Date means the earliest to occur of (a) the date on which the Aggregate Delayed Draw Term Loan Commitment has been fully drawn, (b) twenty-four months after the Closing Date and (c) the date that the Delayed Draw Term Loan Commitments are terminated in accordance with Section 2.4(b)(ii) or Article VIII.

DDTL Commitment Expiration Date means June 30, 2021

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.

• 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.

• 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.

• 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 thirty (30) month anniversary of the Closing Date.

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 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 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 DB1/ 110631747.4 12 DMSLIBRARY01\28390\059001\36918934.v2-5/20/20

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

DDTL Commitment Expiration Date means the earliest of (a) the date on which the entire amount of the Aggregate DDTL Commitment has been drawn, (b) the date on which the Aggregate DDTL Commitment has been terminated pursuant to Section 1.7(b)(ii) , and (c) the second anniversary of the Closing Date.

DDTL Commitment Expiration Date has the meaning specified therefor in Section 2.1(b) of this Agreement.