DDTF definition

DDTF means the $10,000,000 delayed draw term facility provided on a several (but not joint) basis by the DDTF Lenders, it being understood that, for the avoidance of doubt, as of the Second Amendment Effective Date the commitments referenced in the DDTF Letter in excess of $10,000,000 shall be terminated and of no further force and effect.
View Source

Examples of DDTF in a sentence

  • The making of such DDTF Loan shall not contravene any law, rule or regulation applicable to any Secured Party.

  • Each such partial reduction shall be in a minimum amount of $1,000,000, or an increment of $250,000 in excess thereof (or such lesser amount if the DDTF Commitment shall be zero after giving effect to such reduction).

  • The Borrowers shall have provided evidence that the Mortgage Amendments will be recorded in all relevant jurisdictions prior to or concurrently with the funding of any DDTF Loans along with the delivery of endorsements to the existing title policies requested by the Agents.

  • All proceedings in connection with the making of the DDTF Loans and the other transactions contemplated by the DDTF Transactions and the other Loan Documents entered into in connection with DDTF, and all documents incidental hereto and thereto, shall be reasonably satisfactory to the Agents and its counsel.

  • No amendment or modification of the ▇▇▇▇▇▇ Settlement Agreement shall have occurred without the prior written consent of the DDTF Lenders, except for amendments or modifications of a minor nature as reasonably determined by DDTF Lenders and amendments or modifications that increase the settlement payments payable under the ▇▇▇▇▇▇ Settlement Agreement by less than $5,000,000.

  • Subject to the satisfaction of the conditions set forth in Section 4 hereof and the other terms and conditions herein and in the Financing Agreement, the aggregate DDTF Commitments shall be $10,000,000.

  • The Borrowers shall have paid on or before the Second Amendment Effective Date all fees, costs, and expenses then due and payable pursuant to the DDTF Letter, the DDTF Fee Letter and Section 12.04 of the Financing Agreement, including the Amendment Fee (as defined in the DDTF Fee Letter); provided that such fees, costs and expenses (other than the Amendment Fee) are invoiced to the Administrative Agent at least one (1) Business Day prior to the Second Amendment Effective Date.

  • The making of the DDTF Loans and the DDTF Transactions shall not contravene any law, rule or regulation applicable to any Secured Party.

  • All consents, authorizations and approvals of, and filings and registrations with, and all other actions in respect of, any Governmental Authority or other Person required in connection with (i) the making of the DDTF Loans, (ii) the execution, delivery and performance of the Transaction Documents and (iii) the conduct of the Loan Parties' business shall have been obtained and shall be in full force and effect.

  • The DDTF Commitments of the DDTF Lenders shall be as set forth on Schedule I attached hereto.

Related to DDTF

  • Public infrastructure means those elements of infrastructure that are planned to be dedicated to the Town as a condition of the approval of a Development Application including, but not limited to, the roads, overall grading plan and backbone utilities.

  • Energy efficiency portfolio standard means a requirement to

  • Multilateral Trading Facility (MTF) means a multilateral system in the Union within the meaning of Article 2(1)(6) of Regulation[MiFIR].

  • Evaluation and treatment facility means any facility which

  • Fire hazard means any situation, process, material or condition which may cause a fire or explosion or provide a ready fuel supply to increase the spread or intensity of the fire or explosion and which poses a threat to life or property;