DDTL Availability Period definition

DDTL Availability Period means the period from and including December 6, 2023 and the earlier of (a) May 14, 2024 and (b) the date on which the Delayed Draw Term Commitments have been terminated.

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DDTL Availability Period means (x) with respect to Delayed Draw Term Loan Commitments in effect on the Closing Date, the period commencing with the Closing Date and ending on the date that is the one (1) year anniversary of the Closing Date. and (y) with respect to Delayed Draw Term Loan Commitments in effect on and after the First Amendment Effective Date, the period commencing with the First Amendment Effective Date and ending on the maturity date of the Emmis Subordinated Note.

DDTL Availability Period means each of the First DDTL Availability Period and the Second Availability Period, and “DDTL Availability Period” means both of them, collectively.

Examples of DDTL Availability Period in a sentence

• Subject to the terms and conditions set forth herein, each DDTL Lender severally agrees to make DDTL Advances to any DDTL Borrower on any Business Day during the DDTL Availability Period, denominated, at the Company’s option, in Dollars or Euros, in an amount not to exceed such DDTL Lender’s respective DDTL Commitment, set forth on Schedule I (or the Equivalent thereof).

• The Ticking Fee due to each DDTL Lender shall commence to accrue on the date that is 45 days after the Closing Date until the earliest to occur of (a) the date on which the full amount of the DDTL Facility has been funded, (b) the termination in full of the DDTL Commitments pursuant to Section 2.06 or Section 6.01 and (c) the termination or lapse of the DDTL Availability Period (such earliest date under clauses (a) through (c), the “Ticking Fee End Date”).

• The aggregate DDTL Commitments shall be automatically and permanently reduced to zero at the end of the DDTL Availability Period.

More Definitions of DDTL Availability Period

DDTL Availability Period means, with respect to the applicable DDTL Commitments, the period from and including the Effective Date to but excluding the six-month anniversary of the Effective Date; provided that no later than 30 days prior to the end of the DDTL Availability Period the Borrower at its option may extend the DDTL Availability Period up to the nine-month or twelve-month anniversary of the Effective Date upon payment of the applicable fees related to such extension as set forth in the Fee Letter.

DDTL Availability Period means the period beginning on the date the Final Order is entered and ending on the earliest to occur of (i) September 30, 2022, (ii) the Maturity Date with respect to the Delayed Draw Term Loans, and (iii) the DDTL Borrowing Date upon which the aggregate maximum amount of the DDTL Facility shall have been funded (after giving effect to the Borrowing on such DDTL Borrowing Date).

DDTL Availability Period means the period beginning on November 1, 2023 and ending on the earlier to occur of: