Acquisition Advances definition

Acquisition Advances shall have the meaning given to that term in Subparagraph 2.01(b) of the Participation Agreement.
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Acquisition Advances is defined in Section 4.3.1.3.
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Acquisition Advances is defined in Section 2.1.5(a).”
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Examples of Acquisition Advances in a sentence

  • There are no conditions precedent, other than as expressly set forth in the Financing Letter and the Parent Credit Agreement, to the Lenders’ obligation to fund the Acquisition Advances required for the consummation of the Transactions.

  • Each Acquisition Borrowing shall be in an aggregate amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and shall consist of Acquisition Advances made simultaneously by the Acquisition Lenders ratably according to their Acquisition Commitments.

  • Parent shall give Company prompt notice upon becoming aware of any material breach of the Financing Letter by a party to the Financing Letter or any termination of the Financing Letter or any breach or default under the Parent Credit Agreement that would reasonably be expected to prevent Parent from obtaining the Acquisition Advances.

  • Condominium Acquisition Advances shall not exceed in the aggregate $1,000,000.00 in any Fiscal Year.

  • Borrower shall pay to Lender, travel expenses and reasonable out-of-pocket costs incurred by Lender in performing any single audit in any calendar year and, in addition to such audit, any audit performed by Lender or its agent in connection with (1) Working Capital Advances or Acquisition Advances, (2) a request from Borrower to release any Property from the Lien of the Loan Documents, or (3) an extension of the Term.

  • In the event that all conditions in the Financing Letter and the Parent Credit Agreement to the Acquisition Advances have been satisfied or, upon funding, will be satisfied, Parent shall use its best efforts to cause the Lenders to fund on the Closing Date the Acquisition Advances required to consummate the Transactions.

  • As of the date of this Agreement, other than the Financing Letter, the Parent Credit Agreement, the Loan Documents (as defined in the Credit Agreement) and the Related Person Investment Commitment, there are no side letters or other agreements, arrangements or understandings (written or oral) relating to the Acquisition Advances or Related Persons Investment to which Parent is a party.

  • The aggregate outstanding amount of all Acquisition Advances shall at no time exceed the Acquisition Line and each Acquisition Advance shall be in a minimum amount of $250,000.

  • The outstanding principal balance of the Acquisition Loan may increase and decrease from time to time, and Acquisition Advances thereunder may be repaid and reborrowed, but the total of Acquisition Advances outstanding at any one time under the Acquisition Loan shall never exceed the Maximum Acquisition Loan Amount.

  • Each Acquisition Borrowing shall be in an aggregate amount of $1,000,000 or an integral multiple of $500,000 in excess thereof and, if the acquisition to be made with the proceeds of such Acquisition Borrowing shall be for cash consideration of less than $1,000,000, such Acquisition Borrowing shall be in the amount of $1,000,000 and, in each case, shall consist of Acquisition Advances made simultaneously by the Acquisition Lenders ratably according to their Acquisition Commitments.


More Definitions of Acquisition Advances

Acquisition Advances means, collectively, Advances made by the Lender -------------------- to the Borrower solely to finance the acquisition by a Property Subsidiary of an Additional Property.
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Acquisition Advances has the meaning given to such term in Section 2.6 hereof.
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Acquisition Advances. Advances under the Revolving Credit to fund Permitted Acquisitions excluding the amount of such Advances which are determined by Administrative Agent, in its reasonable discretion, to be used to fund the working capital needs of the acquired Person.
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Acquisition Advances shall have the meaning set forth in the Construction Loan Agreement.
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Acquisition Advances means advances by the Bank to the Borrower, all of the proceeds of which are used to finance one or more Acquisitions.
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Related to Acquisition Advances

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Issuer or any Restricted Subsidiary:

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Revolving Advances means Advances made other than Letters of Credit.