Acquisition Loan definition

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.

Acquisition Loan means any Loan made in connection with an Acquisition Advance.

Acquisition Loan has the meaning specified in Section 2.1(a).

Examples of Acquisition Loan in a sentence

• Interest on each Acquisition Loan, each Swing Line Loan, each Swing Line Overdraft Loan and each Floor Plan Loan shall be payable in arrears on each Interest Payment Date applicable to such Loan and as otherwise provided in this Agreement.

• The CRA/LA Loan and CRA/LA’s share Acquisition Loan represent 8% of total development costs, and is equal to $28,347 per unit ($29,047 per restricted unit).

• Given that the Acquisition Loan only required residual receipts payments, and the fair-reuse value of the property at the use and with the covenants, restrictions and development costs required by the DDLA is effectively $0, this variation in values is immaterial.

• Both the Acquisition Loan and the CRA/LA Loan will be for 55 years, at 1.75% interest, with residual receipts payments.

• CRA/LA’s participation is in the form of an Acquisition Loan equal to the as-is value of the Properties (jointly held with LAHD, with the CRA/LA portion being $852,840), and a $1.5 million Predevelopment, Construction and Permanent Loan.

More Definitions of Acquisition Loan

Acquisition Loan has the meaning specified in Section 3.1.

Acquisition Loan. All of the consideration given or received or to be given or received in connection with the acquisition of the Mortgaged Property has been fully disclosed to Lender. The Mortgaged Property was or will be purchased from (“Property Seller”). No Borrower or Borrower Principal has or had, directly or indirectly (through a family member or otherwise), any interest in the Property Seller and the acquisition of the Mortgaged Property is an arm’s-length transaction. To the best of Borrower’s knowledge after due inquiry and investigation, the purchase price of the Mortgaged Property represents the fair market value of the Mortgaged Property and Property Seller is not or will not be insolvent subsequent to the sale of the Mortgaged Property.

Acquisition Loan means an Exempt Loan (or other extension of credit) used by the Trust to finance the acquisition of Qualifying Employer Securities which loan may constitute an extension of credit to the Trust from a party in interest.

Acquisition Loan means a Revolving Loan the proceeds of which will be used for an Eligible Acquisition.

Acquisition Loan means a Loan made pursuant to Section 2.07 and evidenced by the Acquisition Line Notes.

Acquisition Loan is defined in Section 2.1.4.

Acquisition Loan. Section 2.1(b).