DDTL Commitments definition

DDTL Commitments means the aggregate portion of the DDTL Commitments held by the Lenders, as set forth on Schedule 1 attached hereto, not to exceed $250,000,000.00 in the aggregate; and “DDTL Commitment” shall mean the individual commitment of each such Lender.
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DDTL Commitments as defined in Section 2.1(a)(iv).
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DDTL Commitments has the meaning set forth in the recitals.
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Examples of DDTL Commitments in a sentence

  • Any DDTL under this Loan Agreement shall be made by the DDTL Lenders pro rata on the basis of their DDTL Commitments.

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

  • Any reduction of the DDTL Commitments required or permitted hereunder shall reduce the DDTL Commitment of each Lender having a DDTL Commitment on a pro rata basis based on the Commitment Ratio of such Lender for the DDTL Commitment.

  • Upon the effectiveness of any Borrowing of DDTL, the DDTL Commitments of each DDTL Lender shall be automatically reduced by the aggregate principal amount of DDTL made by such DDTL Lender pursuant to such Borrowing.

  • Each Advance under the DDTL Commitments from the Lenders hereunder shall be made on a pro rata basis of the applicable Commitment Ratios of the Lenders having DDTL Commitments.

  • Notwithstanding anything to the contrary in this Agreement, including Article VIII hereof, the sole remedy available to the Administrative Agent and the Lenders following an Event of Default caused by the breach of any covenants or agreements set forth in Articles V, VI or VII of this Agreement during a Specified Suspended Covenant Period shall be the right to terminate any and all outstanding DDTL Commitments of such Lenders.

  • Each installment shall be paid to Agent for the Pro Rata benefit of Lenders having DDTL Commitments or DDTLs. Once repaid, whether such repayment is voluntary or required, such DDTLs may not be reborrowed.

  • The DDTL Commitments are not revolving commitments, and the Borrower shall not have the right to repay and reborrow under Section 2.3.

  • The Borrower shall have the right to terminate all or any portion of the DDTL Commitments at any time, effective upon written notice thereof to the Administrative Agent.

  • A final payment of any commitment fee then payable with respect to (A) the Revolving Loan Commitments and SSI Revolving Commitment shall be due and payable on the Maturity Date and (B) the DDTL Commitments and SSI DDTL Commitments shall also be due and payable on the DDTL Commitment Termination Date and SSI DDTL Commitment Termination Date, as applicable.


More Definitions of DDTL Commitments

DDTL Commitments means with respect to each Lender, the commitment of such Lender to make Delayed Draw Term Loans as set forth on Schedule 2.01(2) (as modified in accordance with Section 2.01(4)). On the Closing Date, the aggregate amount of DDTL Commitments is $25,000,000 (the “Total DDTL Commitments”). Once funded, the DDTL Commitments shall be reduced to zero and terminated.
Sample 1
DDTL Commitments means, with respect to any Lender, the Commitment of such Lender to make Delayed Draw Term Loans to Borrower pursuant to the terms of Section 2.02 of this Agreement and subject to the conditions of Section 6.02 of this Agreement, in the amount set forth opposite the name of such Lender on Schedule 1 hereto or in an Assignment and Assumption executed by such Xxxxxx and, with respect to all Lenders, the aggregate Commitments of such Lenders to make Delayed Draw Term Loans to Borrower; provided that the aggregate DDTL Commitment shall at no time exceed the DDTL Maximum. The principal amount of each Delayed Draw Term Loan made by a Lender shall permanently reduce such Lender’s DDTL Commitment. Any unused amount of the DDTL Commitment shall terminate on the last day of the DDTL Availability Period.
Sample 1
DDTL Commitments means the aggregate amount of such commitments of all Lenders. DDTL Commitment Termination Date: the earliest to occur of (a) the date that is eighteen (18) months from the A&R Closing Date; (b) the date on which Borrowers terminate the DDTL Commitment pursuant to Section 2.5.5; or (c) the date on which the DDTL Commitment is terminated pursuant to Section 11.2. DDTL Year: the A&R Closing Date through December 31, 2021, and thereafter, each calendar year during the term of this Agreement commencing on January 1 of each such year. DDTL Maturity Date: the date that is five years from the Closing Date. Debt: as applied to any Person, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: (a) Borrowed Money; (b) all obligations of such Person to pay the deferred purchase price of property or services (other than accrued expenses and trade accounts payable in the Ordinary Course of Business and employee benefit obligations in the Ordinary Course of Business that are not past due); (c) net obligations owing by such Person under any Hedging Agreements; (d) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person, but including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; provided, that, if such indebtedness is not assumed by a personal liability of such Person then the amount of such indebtedness shall be limited to the lesser of (i) the amount of such indebtedness and (ii) the book value of the asset securing such indebtedness; (e) all Contingent Obligations to the extent that the “primary obligations” (as defined in the definition of Contingent Obligations) related thereto constitute Debt; (f) all reimbursement obligations in connection with letters of credit issued for the account of such Person; and (g) in the case of an Obligor, without duplication, the principal amount of Obligations. The Debt of a Person shall include any recourse Debt of any partnership in which such Person is a general partner or joint venturer and the amount of any net obligation under any Hedging Agreement on any date shall be deemed to be the swap termination value as of such date.
Sample 1
DDTL Commitments means the aggregate amount of such commitments of all Lenders. For the avoidance of doubt, as of the Second A&R Closing Date, $32,857,675.46 of unused availability remains under the DDTL Commitments. DDTL Commitment Termination Date: the earliest to occur of (a) the date that is twelve (12) months from the Second A&R Closing Date; (b) the date on which Borrowers terminate the DDTL Commitment pursuant to Section 2.6.6; or (c) the date on which the DDTL Commitment is terminated pursuant to Section 11.2.
Sample 1

Related to DDTL Commitments

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $500,000,000.

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

  • New Revolving Commitments has the meaning assigned to such term in Section 2.04.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • New Commitments has the meaning set forth in Section 2.18(a).

  • Term Commitments means a Term B Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Closing Date is SIX HUNDRED MILLION DOLLARS ($600,000,000).

  • Total Commitments means the aggregate of the Commitments of all the Lenders.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.