Examples of DDTL Maturity Date in a sentence
The principal amount of all DDTLs shall be repaid in consecutive quarterly installments commencing on the first day of the first Fiscal Quarter following the end of the DDTL Year in which such DDTL was made and continuing until the DDTL Maturity Date (on which date all principal, interest and other amounts owing with respect to such DDTLs shall be due and payable in full).
The principal amount of all DDTLs shall be repaid in consecutive quarterly installments on the last day of the each Fiscal Quarter commencing on December 31, 2022 and on the last day of the each Fiscal Quarter thereafter until the DDTL Maturity Date (on which date all principal, interest and other amounts owing with respect to such DDTLs shall be due and payable in full).
The Credit Parties will not permit the Total Leverage Ratio, as of the last day of each Test Period (beginning with fiscal quarter of Holdings ending on September 30, 2020) (x) (i) to the extent any 2022-II Supplemental DDTLs are then outstanding, to be greater than 4.50:1.00 prior to and through the 2022-II Supplemental DDTL Maturity Date and (ii) otherwise, to be greater than 4.75:1.00 prior to and through March 31, 20224, and (y) thereafter, to be greater than 34.25:1.00.
Quarterly Payment Date Amortization Payment Percentage Each Quarterly Payment Date ended on or prior to December 31, 2025 1.25 % Each Quarterly Payment Date ended after December 31, 2025 and prior to the DDTL Maturity Date 1.875 % The remaining unpaid principal amount of the Delayed Draw Term Loans and all other Obligations under or in respect of the Delayed Draw Term Loans shall be due and payable in full, if not earlier in accordance with this Agreement, on the DDTL Maturity Date.
All DDTL Loans and accrued interest shall be due and payable in full on the DDTL Maturity Date, or such earlier date as the DDTL Loans shall be due and payable in full, in cash, whether by acceleration or otherwise, pursuant to the Credit Agreement.
The Credit Parties will not permit the Total Leverage Ratio, as of the last day of each Test Period (beginning with fiscal quarter of Holdings ending on September 30, 2020) (x) (i) to the extent any 2022-II Supplemental DDTLs are then outstanding, to be greater than 4.50:1.00 prior to and through the 2022-II Supplemental DDTL Maturity Date and (ii) otherwise, to be greater than 4.75:1.00 prior to and through March 31, 2024, and (y) thereafter, to be greater than 4.25:1.00.