DDTL Commitment Clause Samples

DDTL Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its respective portion (as set forth on Schedule I as such Lender’s “DDTL Commitment”) of a single delayed draw term loan (the “Delayed Draw Term Loan”) to the Borrower, in Dollars, in up to five (5) separate advances during the DDTL Availability Period, in an aggregate original principal amount advanced by such Lender (for all such advances, taken together) not to exceed the DDTL Commitment of such Lender; provided, that, the Borrowing of any advance under the Delayed Draw Term Loan during the DDTL Availability Period shall, in addition to the satisfaction of each of the conditions set forth in Section 3.2, be subject to the satisfaction of each of the additional conditions set forth in Section 3.