DDTL Lender definition
Examples of DDTL Lender in a sentence
Subject to the terms and conditions set forth herein, each DDTL Lender severally agrees to make DDTL Advances to any DDTL Borrower on any Business Day during the DDTL Availability Period, denominated, at the Company’s option, in Dollars or Euros, in an amount not to exceed such DDTL Lender’s respective DDTL Commitment, set forth on Schedule I (or the Equivalent thereof).
The Ticking Fee due to each DDTL Lender shall commence to accrue on the date that is 45 days after the Closing Date until the earliest to occur of (a) the date on which the full amount of the DDTL Facility has been funded, (b) the termination in full of the DDTL Commitments pursuant to Section 2.06 or Section 6.01 and (c) the termination or lapse of the DDTL Availability Period (such earliest date under clauses (a) through (c), the “Ticking Fee End Date”).