DDTL Funding Date definition

DDTL Funding Date has the meaning assigned to such term in Section 2.1(a).
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DDTL Funding Date means the date on or before the date which is thirty (30) days after the Closing Date.
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DDTL Funding Date means the date on which all the conditions precedent to the 2020 Delayed Draw Term Loans, listed in Section 5.02 of Amendment No. 1, shall have been satisfied or waived in accordance therewith and the funding of the 2020 Delayed Draw Term Loans shall have occurred in accordance with the terms of Amendment No. 1.
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Examples of DDTL Funding Date in a sentence

  • The entire amount of the Subsequent Funding Fee shall be fully earned, and shall be due and payable in full, on each such New Money DDTL Funding Date.

  • In order to induce the Lenders and the Administrative Agent to enter into this Agreement and to induce the Lenders to make the Loans, the Borrower makes, on the Closing Date and each New Money DDTL Funding Date, the following representations and warranties to the Administrative Agent and the Lenders, all of which shall survive the execution and delivery of this Agreement and the making of the Loans.

  • During the New Money DDTL Commitment Period, subject to and upon the terms and conditions set forth herein, each Lender having a Commitment severally agrees to make term loans (each, a “New Money Delayed Draw Term Loan”) to the Borrower on each New Money DDTL Funding Date in an amount not to exceed to such Lender’s Commitment on such date (or such lesser amount as may be requested by the Borrower).

  • Company may make only one borrowing under the DDTL Commitment which shall be on the DDTL Funding Date.

  • During the New Money DDTL Commitment Period, subject to and upon the terms and conditions set forth herein, each Lender having a Commitment severally agrees to make term loans (each, a “New Money Delayed Draw Term Loan”) to the Borrower on each New Money DDTL Funding Date in an amount not to exceed to such Xxxxxx’s Commitment on such date (or such lesser amount as may be requested by the Borrower).

  • The Lenders shall have received the Delayed Draw Upfront Fees required to be paid in connection with such DDTL Funding Date.

  • In accordance with those policies, in the event of litigation or governmental investigation please consult Lazard’s Legal and Compliance Department.

  • Each such Delayed Draw Term Loan Funding Fee shall be fully earned when paid and payable in full upon each applicable DDTL Funding Date, and shall not be refundable for any reason whatsoever.

  • The Executive Director shall normally not make a determination on any leave request without consulting with the employee’s Unit Manager.

  • The 2020 DDTL Commitment of each 2020 DDTL Lender shall terminate immediately and without further action on 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 (the "DDTL Commitment Expiration Date”).


More Definitions of DDTL Funding Date

DDTL Funding Date means one or more dates (but not to exceed four) during the Delayed Draw Period on which DDTL Advances are made.
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DDTL Funding Date means, in the case of any Additional Committed Loan, the date the Lenders, as applicable, fund the Committed Borrowing of any Additional Committed Loan.
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DDTL Funding Date means (a) with respect to the Delayed Draw Term Loans Tranche A, the date of funding of the Delayed Draw Term Loans Tranche A and (b) with respect to the Delayed Draw Term Loans Tranche B, the date specified in the Tranche B Election Notice, to the extent delivered by the Lenders; provided, that, notwithstanding any provision herein to the contrary, (i) if the Delayed Draw Term Loan Tranche A is funded, then the DDTL Funding Date with respect to the Delayed Draw Term Loan Tranche B will be on the same date as the funding of the Delayed Draw Term Loans Tranche A, and (ii) if the Delayed Draw Term Loan Tranche A is not funded, the DDTL Funding Date with respect to the Delayed Draw Term Loan Tranche B will be no later than August 31, 2023.
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DDTL Funding Date means, with respect to any Delayed Draw Term Loan, the Business Day prior to the DDTL Commitment Termination Date on which such Delayed Draw Term Loan is funded.
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DDTL Funding Date means a date, on or after the Closing Date but not after the DDTL Commitment Termination Date, on which the conditions specified in Section4.02 are satisfied (or waived in accordance withSection 12.01). -10-
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Related to DDTL Funding Date

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.

  • Refunding Date as defined in Section 2.7.

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Ending Date means the calendar date specified in the Notice of Intent as the date upon which lead - based paint abatement activities are completed.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Initial Loan is defined in Section 2.1.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Offering Funding Date means the date on which the offering for the Series Asset is fully funded through an offering conducted by the Company.

  • Index Related Payment Date means, in relation to any Indexand an IndexDetermination Date, any payment date under the Preference Shares for which the amount payable is calculated by reference to the Indexas determined on such IndexDetermination Date;

  • Second Closing Date means the date of the Second Closing.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.