Examples of DDT Loans in a sentence
The DDT Loans will bear interest at a rate equal to the applicable Term SOFR Rate (as defined in the 2023 Term Loan Credit Agreement) plus 5.95% per annum.
The amount of the Unreinvested Net Proceeds required to be repaid under this Section 2.6(b)(ii) shall be applied first, to any Term Loan A Loans and DDT Loans then outstanding, on a pro rata basis, second, once the outstanding Term Loan A Loans and DDT Loans are paid in full, to any Revolving Loans then outstanding (without a reduction in the Revolving Loan Commitments) and third, once the outstanding Revolving Loans are paid in full, as a reduction of the DDTL Commitments.
One (1) Revolving Loan Note, one (1) Term Loan A Note, one (1) DDTL Note and, if applicable, one (1) Incremental Facility Note, shall be payable to each applicable Lender in accordance with such Lender’s applicable Commitment Ratio for Revolving Loans, the Term Loan A Loans, the DDT Loans and, if applicable, the Incremental Facility Loans.
All monthly installments with respect to the Initial Term Loan and the DDT Loans payable on or prior to January 1, 2025 will be interest only.
The DDTL Commitment of each DDTL Lender shall be reduced by the aggregate amount of DDT Loans funded by such DDT Lender.
The Borrower hereby promises to pay interest on the unpaid principal amount of the DDT Loans outstanding hereunder as provided in the Loan Agreement.
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The DDT Loans may be, from time to time, Base Rate DDT Loans or Eurodollar Rate DDT Loans or a combination thereof.
The Company hereby requests (select one): ¨ A Borrowing of the DDT Loan; or ¨ A conversion of the DDT Loan, or a continuation of Eurodollar Rate DDT Loans.
The Borrowers hereby promise to pay, on a joint and several basis subject to Section 11.20 of the Loan Agreement, interest on the unpaid principal amount of the DDT Loans outstanding hereunder as provided in the Loan Agreement.