ACQUISITION LOANS AND UK ACQUISITION LOANS Sample Clauses

ACQUISITION LOANS AND UK ACQUISITION LOANS. Section 2.1(d) of the Credit Agreement is hereby amended as set forth below:
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ACQUISITION LOANS AND UK ACQUISITION LOANS. On the Restatement Effective Date (i) $1,000,000 of the Existing Acquisition Loans outstanding on the Restatement Effective Date shall be continued as Acquisition Loans hereunder, and (ii) the $15,000,000 balance of Existing Acquisition Loans outstanding on the Restatement Effective Date shall be converted to Term Loans A and Term Loans B as provided in ss.ss.2.1(a) and 2.1(b) above. Subject to the terms and conditions set forth in this Agreement, (i) each Acquisition Loan Lender severally agrees, on the closing date of each Permitted Acquisition of a Domestic Subsidiary, to lend to the Borrower Acquisition Loans which may be repaid and reborrowed in accordance with the provisions hereof, and (ii) the UK Fronting Lender agrees, on the closing date of each Permitted Acquisition of a UK Subsidiary, to lend to the UK Borrower UK Acquisition Loans (in Sterling or in Dollars) which may be repaid and reborrowed in accordance with the provisions hereof; provided that that portion of any Acquisition Loans and/or UK Acquisition Loans which (after giving effect to any request therefor), when added to all Acquisition Loans and/or UK Acquisition Loans previously made and outstanding, would exceed the aggregate principal amount of $35,000,000 (such Acquisition Loans and/or UK Acquisition Loans, or portion thereof, exceeding $35,000,000, being referred to herein as an "Additional Acquisition Loan") must constitute a Permitted Additional Acquisition Loan. The aggregate principal amount of (x) the Acquisition Loans of any Acquisition Loan Lender at any time during the Acquisition Loan Commitment Period (and after giving effect to any requests therefor), shall not exceed the Acquisition Loan Commitment of such Lender at such time (y) the Dollar Equivalent of all UK Acquisition Loans of such Acquisition Loan Lender at any time during the Acquisition Loan Commitment Period (and after giving effect to any requests therefor), shall not exceed the UK Acquisition Loan Commitment of such Lender at such time and (z) the sum of (A) the Acquisition Loans of any Acquisition Loan Lender plus (B) the Dollar Equivalent of all UK Acquisition Loans of such Acquisition Loan Lender at any time during the Acquisition Loan Commitment Period (and after giving effect to any requests therefor), shall not exceed the sum of (1) the Acquisition Loan Commitment of such Lender at such time plus (2) the UK Acqusition Loan Commitment of such Lender at such time. The Total Acquisition Commitment as of t...
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ACQUISITION LOANS AND UK ACQUISITION LOANS. Paragraph (d) of Section 2.1 of the Credit Agreement is hereby amended by amending and restating the last two sentences of such paragraph (d) to read as follows:
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Related to ACQUISITION LOANS AND UK ACQUISITION LOANS

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • Investments, Acquisitions, Loans and Advances The Borrower shall not, nor shall it permit any Subsidiary to, directly or indirectly, make, retain or have outstanding any investments (whether through purchase of stock or obligations or otherwise) in, or loans or advances to (other than for travel advances and other similar cash advances made to employees in the ordinary course of business), any other Person, or acquire all or any substantial part of the assets or business of any other Person or division thereof; provided, however, that the foregoing shall not apply to nor operate to prevent:

  • Investments, Loans, Advances and Acquisitions The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any capital stock, evidences of indebtedness (subject to Section 6.09 below) or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except:

  • Limitations on Loans, Advances, Investments and Acquisitions Purchase, own, invest in or otherwise acquire, directly or indirectly, any Capital Stock, interests in any partnership or joint venture (including, without limitation, the creation or capitalization of any Subsidiary), evidence of Indebtedness or other obligation or security, substantially all or a portion of the business or assets of any other Person or any other investment or interest whatsoever in any other Person, or make or permit to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment in cash or by delivery of property in, any Person except:

  • Existing Loans Schedule 3.14(a) attached hereto lists, as of the date of this Agreement, (i) all secured Indebtedness presently encumbering the Property or any direct or indirect interest in the Company, and (ii) all unsecured Indebtedness of the Company or any Company Subsidiary (collectively, the “Existing Company Loans”), and the outstanding aggregate principal balance of each such Existing Company Loan as of April 30, 2019. Except as set forth on Schedule 3.14(b) attached hereto, the Existing Company Loans and the documents entered into in connection therewith (such notes, deeds of trust and all other documents or instruments evidencing or securing such Existing Company Loans including any financing statements, and any amendments, modifications, and assignments of the foregoing shall be referred to collectively as the “Existing Company Loan Documents”) are in full force and effect as of the Closing Date. True, correct and complete copies of the Existing Company Loan Documents (other than financing statements, ancillary certificates and other similar ancillary documents) have been made available to MAMP. No material breach or material default by the Company or any Company Subsidiary has occurred under any Existing Company Loans. Except as set forth on Schedule 3.14(c) attached hereto, no event has occurred and is continuing which with the passage of time or the giving of notice (or both) would constitute a material breach or default under any of such Existing Company Loan Documents, nor has the Company received or given written notice of a default under any Existing Company Loan Documents, which remains uncured.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Investments, Loans and Advances Purchase, hold or acquire any Equity Interests, evidences of indebtedness or other securities of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other person, except:

  • Treatment of Outstanding Loans and Letters of Credit 25 2.6 Making Revolving Credit Loans and Swing Loans; Presumptions by the Administrative Agent; Repayment of Revolving Credit Loans; Repayment of Swing Loans 26

  • Investments, Loans, Advances, Guarantees and Acquisitions The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any capital stock, evidences of indebtedness or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except:

  • Loans, Acquisitions and Guaranties (1) Loan, invest in or advance money or assets to any other person, enterprise or entity, (2) purchase, create or acquire any interest in any other enterprise or entity, or (3) incur any obligation as surety or guarantor other than in the ordinary course of business.

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