Acquisition Advance Request Sample Clauses

Acquisition Advance Request. The Borrower shall have provided to the Agent and each Lender at least fifteen (15) days prior to the date that the proposed Acquisition Advance is to be requested, the following: (i) the name of the Person (“Target”) whose stock or assets are to be acquired or the name of the merchant associated with such Large Program (“Large Program Merchant”) whose merchant agreements and/or ATM Equipment are to be acquired, as applicable; (ii) a description of the nature of the Target’s or Large Program Merchant’s business, as applicable; (iii) copies of the documentation (or substantially final drafts of the documentation) intended to effect the proposed Acquisition (the “Acquisition Agreements”); (iv) a summary of the terms and conditions of the proposed Acquisition; (v) a certificate of the chief financial officer or chief executive officer of the Borrower certifying that no Default or Event of Default exists or could reasonably be expected to occur as a result of the proposed Acquisition; and (vi) any other information the Agent may reasonably request. In addition, at least fifteen (15) days prior to the date that the Acquisition Advance is to be requested, the Borrower must have been made available, and at the Third Amended and Restated Credit Agreement Agent’s request the Borrower shall use reasonable efforts to make available the officers and directors of the Target or Large Program Merchant, as applicable, to the Agent and the Lenders to answer questions regarding the proposed Acquisition and the documentation related thereto.
Sample 1
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Acquisition Advance Request. Not later than eleven o'clock --------------------------- (11:00) a.m. Philadelphia time and (1) Business Day prior to a proposed Advance under the Acquisition Commitment, the Borrower shall give Agent written notice of such requested Advance, specifying the amount, purpose and estimated date thereof. Such notice shall be in the form of the Advance Request Form attached hereto as Exhibit A-2, shall be certified by the chief executive or chief financial officer of Borrower and shall contain the following information and representations, which shall be deemed affirmed and true and correct as of the date of and upon receipt of the requested Advance:
Sample 1

Related to Acquisition Advance Request

  • Advance Request To obtain a Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request (at least one (1) Business Day before the Closing Date and at least five (5) Business Days before each Advance Date other than the Closing Date) to Agent. The Lenders shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan Advance is satisfied as of the requested Advance Date.

  • Advance Requests Borrower may request that Lender make an Advance by delivering to Lender an Advance Request therefor and Lender shall be entitled to rely on all the information provided by Borrower to Lender on or with the Advance Request. The Lender may honor Advance Requests, instructions or repayments given by the Borrower (if an individual) or by any Authorized Person.

  • Draw Request A Draw Request complying with the provisions of Section 3.1 hereof.

  • Initial Advance On or prior to the Closing Date, Borrower shall have delivered to Agent the following:

  • Funding Request The Borrower hereby requests the Funding pursuant to Section 2.1 and Section 2.3 of the Loan Agreement.

  • Term Loan Advance Subject to Section 2.4(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (A) six and one half of one percent (6.50%) and (B) one and one-half of one percent (1.50%) above the Prime Rate, which interest, in each case, shall be payable monthly in accordance with Section 2.4(e) below.

  • Determination to Honor Drawing Request In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, the LC Bank shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit and that any other drawing condition appearing on the face of such Letter of Credit has been satisfied in the manner so set forth.

  • Disbursement of Advance Proceeds All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.

  • Funding Date The obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):

  • Request for Advance Subject to the following conditions, the Borrower may request an Advance to be made by ensuring that the Lender receives a completed Drawdown Notice not later than 11.00 a.m. (London time) 3 Business Day prior to the intended Drawdown Date.

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