DDTL Conversion Date definition

DDTL Conversion Date shall have the meaning provided in Section 1.06(b).
Sample 1Sample 2
DDTL Conversion Date means the date upon which the aggregate Outstanding Amount of Loans under the DDTL Facility has been converted to Termed-Out Loans.
Sample 1
DDTL Conversion Date has the meaning assigned to that term in Section 2.1F.
Sample 1

Examples of DDTL Conversion Date in a sentence

  • On the final DDTL Conversion Date, the DDTL Draw Commitment shall automatically terminate, and, on and after such date, DDTL Draw Loans shall no longer be available.

  • The Borrowers shall not be required to make any principal payments on any Loans prior to the DDTL Conversion Date unless required to be paid or prepaid at an earlier date in accordance with this Agreement.

  • On each DDTL Conversion Date, all DDTL Draw Loans outstanding on such date shall be converted by the DDTL Lenders into the DDTL Term Loan.


More Definitions of DDTL Conversion Date

DDTL Conversion Date means (a) as applicable, (i) February 6, 2025, (ii) March 31, 2025, (iii) June 30, 2025, (iv) December 31, 2025, and (v) February 6, 2026, and (b) if earlier than any date in the foregoing clause (a), the date that the aggregate principal of all DDTL Draw Loans made hereunder equals the DDTL Draw Commitment. “DDTL Draw Commitment” means the obligation hereunder of the DDTL Lenders during the applicable Commitment Period, to make DDTL Draw Loans, up to an aggregate principal amount outstanding at any time equal to the DDTL Maximum Draw Amount. 19
Sample 1

Related to DDTL Conversion Date

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.

  • Mandatory Conversion Notice shall have the meaning ascribed to it in Section 4.01(b)(ii) hereof.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Automatic Conversion means the irrevocable and automatic release of all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Issuer’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the holders of the Securities) or to the relevant recipient, in accordance with the terms of the Securities.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Major conversion means a conversion of an existing ship:

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Date of Conversion Conversion Price:_______________________________________________________________

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Forced Conversion Notice shall have the meaning set forth in Section 6(d).

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.