DDTL Funding Date definition

DDTL Funding Date has the meaning assigned to such term in Section 2.1(a).
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DDTL Funding Date means the date on or before the date which is thirty (30) days after the Closing Date.
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DDTL Funding Date means the date on which all the conditions precedent to the 2020 Delayed Draw Term Loans, listed in Section 5.02 of Amendment No. 1, shall have been satisfied or waived in accordance therewith and the funding of the 2020 Delayed Draw Term Loans shall have occurred in accordance with the terms of Amendment No. 1.
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Examples of DDTL Funding Date in a sentence

  • In order to induce the Lenders and the Administrative Agent to enter into this Agreement and to induce the Lenders to make the Loans, the Borrower makes, on the Closing Date and each New Money DDTL Funding Date, the following representations and warranties to the Administrative Agent and the Lenders, all of which shall survive the execution and delivery of this Agreement and the making of the Loans.

  • The entire amount of the Subsequent Funding Fee shall be fully earned, and shall be due and payable in full, on each such New Money DDTL Funding Date.

  • During the New Money DDTL Commitment Period, subject to and upon the terms and conditions set forth herein, each Lender having a Commitment severally agrees to make term loans (each, a “New Money Delayed Draw Term Loan”) to the Borrower on each New Money DDTL Funding Date in an amount not to exceed to such Lender’s Commitment on such date (or such lesser amount as may be requested by the Borrower).

  • The Administrative Agent shall have received a Notice of Borrowing in accordance with Section 2.02(a) executed and delivered by the Borrower to the Administrative Agent regarding the New Money Delayed Draw Term Loans to be made on the applicable New Money DDTL Funding Date.

  • On the Closing Date and on each New Money DDTL Funding Date, each Credit Party is in compliance in all material respects with the applicable provisions of the USA Patriot Act.

  • Subject to Article IV, no later than 3:00 p.m. (New York City time) on a New Money DDTL Funding Date, each Lender will make available its pro rata portion based on its Commitment of the Loans to be made on such date in the manner provided below.

  • During the New Money DDTL Commitment Period, subject to and upon the terms and conditions set forth herein, each Lender having a Commitment severally agrees to make term loans (each, a “New Money Delayed Draw Term Loan”) to the Borrower on each New Money DDTL Funding Date in an amount not to exceed to such Xxxxxx’s Commitment on such date (or such lesser amount as may be requested by the Borrower).

  • The Lenders shall have received the Delayed Draw Upfront Fees required to be paid in connection with such DDTL Funding Date.

  • Within sixty (60) days of the DDTL Funding Date (or such longer period of time as the Agent may agree in its reasonable discretion), the Borrower shall cause, at its expense, any Subsidiary acquired on the DDTL Funding Date to become a Subsidiary Guarantor and grant security over its assets unless such Subsidiary would be an Excluded Subsidiary or an Unrestricted Subsidiary pursuant to the definitions thereof, in accordance with Section 4.10 of the Amended Credit Agreement.

  • Based on human data, none of the metabolic endpoints, i.e. obesity, cardiometabolic effects, thyroid effects, type 2 diabetes mellitus (T2DM), gestational diabetes mellitus, showed effects that were considered ‘likely’ or ‘very likely’.


More Definitions of DDTL Funding Date

DDTL Funding Date means (a) with respect to the Delayed Draw Term Loans Tranche A, the date of funding of the Delayed Draw Term Loans Tranche A and (b) with respect to the Delayed Draw Term Loans Tranche B, the date specified in the Tranche B Election Notice, to the extent delivered by the Lenders; provided, that, notwithstanding any provision herein to the contrary, (i) if the Delayed Draw Term Loan Tranche A is funded, then the DDTL Funding Date with respect to the Delayed Draw Term Loan Tranche B will be on the same date as the funding of the Delayed Draw Term Loans Tranche A, and (ii) if the Delayed Draw Term Loan Tranche A is not funded, the DDTL Funding Date with respect to the Delayed Draw Term Loan Tranche B will be no later than August 31, 2023.
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DDTL Funding Date means one or more dates (but not to exceed four) during the Delayed Draw Period on which DDTL Advances are made.
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DDTL Funding Date means, with respect to any Delayed Draw Term Loan, the Business Day prior to the DDTL Commitment Termination Date on which such Delayed Draw Term Loan is funded.
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DDTL Funding Date means, in the case of any Additional Committed Loan, the date the Lenders, as applicable, fund the Committed Borrowing of any Additional Committed Loan.
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DDTL Funding Date means a date, on or after the Closing Date but not after the DDTL Commitment Termination Date, on which the conditions specified in Section4.02 are satisfied (or waived in accordance withSection 12.01). -10-
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Related to DDTL Funding Date

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.02.

  • Refunding Date as defined in Section 2.7.

  • Pre-Funding Period The period from the Closing Date until the earlier of (i) the date on which the amount on deposit in the Pre-Funding Account is reduced to less than $50,000 or (ii) June 29, 2007.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Ending Date means the last day of each Offering Period.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2022 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Initial Loan is defined in Section 2.1.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Offering Funding Date means the date on which the offering for the Series Asset is fully funded through an offering conducted by the Company.

  • Second Closing Date has the meaning set forth in Section 1.3.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • Original Closing Date means March 21, 2013.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.