Common use of Acquisition Closing Clause in Contracts

Acquisition Closing. (i) The transactions contemplated by the applicable Acquisition Agreement shall be consummated by a Person who is or shall become a Borrower hereunder, contemporaneously with such Advance (except for the payment of that portion of the purchase price thereunder being paid with the proceeds of such Loan) substantially in accordance with the terms thereof and, in any event, in a manner reasonably satisfactory to Agents, including, without limitation, (1) the repayment in full in cash (simultaneously with, and from the proceeds of, the Loan or otherwise) of all Indebtedness of the applicable seller(s) related to the assets and properties transferred under such Acquisition Agreement to the extent such Indebtedness is not being assumed by the buyer, and (2) the valid assumption by the buyer of all other liabilities of the applicable seller(s) in respect of such assets and properties transferred under such Acquisition Agreement, other than liabilities not subject to assumption under such Acquisition Agreement which are otherwise addressed in a manner reasonably satisfactory to the Agents.

Acquisition Closing. (i) The transactions contemplated by the applicable Acquisition Agreement shall be have been consummated by a Person who is or shall become a Borrower hereunder, contemporaneously with such Advance (except for the payment of that portion of the purchase price Purchase Price thereunder being paid with the proceeds of such Acquisition Loan) substantially in accordance with the terms thereof and, in any event, in a manner reasonably satisfactory to Agentsthe Agent, including, without limitation, (1A) the repayment in full in cash (simultaneously with, and from the proceeds of, the Acquisition Loan or otherwise) of all Indebtedness of the applicable seller(sSeller(s) related to the assets and properties transferred under such Acquisition Agreement to the extent such Indebtedness which is not being assumed by the buyer, and (2B) the valid assumption by the buyer of all other liabilities of the applicable seller(sSeller(s) in respect of such assets and properties transferred under such Acquisition Agreement, other than liabilities not subject to assumption under such Acquisition Agreement which are otherwise addressed in a manner reasonably satisfactory to the AgentsAgent.