Examples of DDTL Lender in a sentence
Any outstanding DDTL Commitments of each DDTL Lender shall automatically terminate on the DDTL Commitment Expiration Date.
The failure of any DDTL Lender to perform its obligations hereunder shall not affect the Obligations of the Borrower to any other party nor shall any other party be liable for the failure of such DDTL Lender to perform its obligations hereunder.
Each DDTL Lender shall be obligated to participate in each request for Delayed Draw Term Loans pursuant to this Section 2.3 in accordance with its Pro Rata Share.
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.
Holdings shall not, nor shall Holdings permit any Borrower or Restricted Subsidiary to, amend, waive or otherwise modify any economic terms or provisions under the Senior Secured Convertible Notes Documents which directly and adversely affects the Incremental DDTL Lenders in any material respect without the written consent of each Incremental DDTL Lender directly and adversely affected thereby.
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The DDTL Commitment of each DDTL Lender shall be reduced by the aggregate amount of Delayed Draw Term Loans funded by such DDTL Lender.
The Administrative Agent shall give notice to each DDTL Lender promptly upon receipt of the Borrowing Notice, the contents thereof and each such DDTL Lender’s share thereof.
Upon the request of a DDTL Lender, to evidence the obligation of the Borrowers to repay the portion of the DDTL Loan made by such DDTL Lender and to pay interest thereon, the Borrowers shall execute a DDTL Note, payable to the order of such DDTL Lender in the principal amount of its Applicable Commitment Percentage of the DDTL Commitment; provided that the failure of such DDTL Lender to request a DDTL Note shall in no way detract from the Borrowers’ obligations to such DDTL Lender hereunder.
Any reduction of the Aggregate DDTL Commitments shall be applied to the DDTL Commitment of each DDTL Lender according to its Applicable Percentage.