Total DDTL Commitment definition

Total DDTL Commitment means the sum of all DDTL Lenders’ DDTL Commitments, which as of the date hereof is $25,000,000.
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Total DDTL Commitment means, at any time, the sum of the DDTL Commitments at such time.
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Total DDTL Commitment means the sum of the DDTL Commitments. On the Closing Date, the Total DDTL Commitment shall be $15,000,000 as set forth on Schedule C.
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Examples of Total DDTL Commitment in a sentence

  • All such DDTLs in the aggregate shall not exceed the Total DDTL Commitment.

  • At no time shall the sum of the aggregate principal amount of the DDT Loans borrowed hereunder exceed the Total DDTL Commitment.

  • Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Loan Parties contained herein, each Lender with a DDTL Commitment severally agrees to make term loans to Borrowers from and after the Closing Date until the earlier to occur of the date on which the Total DDTL Commitment has been drawn or the Maturity Date (such earlier date, the “DDTL Commitment Expiration Date”).

  • Borrowers shall pay to Agent, for the account of each Lender with a DDTL Commitment, in accordance with such Lender’s Pro Rata Share of the Total DDTL Commitment, a commitment fee (the “Unused DDTL Commitment Fee”) calculated at the rate of 1.00% per annum on the average daily Total DDTL Commitment during each fiscal quarter or portion thereof from the Closing Date to the DDTL Commitment Expiration Date.

  • Each of the Lenders and the Borrowers agree that, for federal income Tax purposes, the principal amount of each of such Lender’s Delayed Draw Term Loans is equal to such Lender’s Pro Rata Share of the Total DDTL Commitment with respect to each such Delayed Draw Term Loan.

Related to Total DDTL Commitment

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

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.