Common use of Asset Acquisition Loans Clause in Contracts

Asset Acquisition Loans. Subject to the terms and conditions hereof, the Lender agrees to make loans to the Borrower in Dollars from time to time on any Business Day during the Availability Period for the purpose of funding the Borrower’s purchase of Eligible Assets from Eligible Issuers (each such loan, an “Asset Acquisition Loan”); provided, however, that as of any Funding Date, after giving effect to the related borrowing and the application of the proceeds of such borrowing, the aggregate outstanding principal amount of all Asset Acquisition Loans outstanding shall not exceed the Commitment.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.