Specified Acquisition Loans Sample Clauses
The Specified Acquisition Loans clause defines the particular loans that are designated for use in financing a specific acquisition transaction. This clause typically outlines the types, amounts, and terms of the loans that will be made available to the borrower for the purpose of completing the acquisition, and may include details such as the lenders involved or the conditions under which the loans can be drawn. Its core practical function is to clearly identify and limit the financing sources for the acquisition, ensuring all parties understand which loans are included and under what terms, thereby reducing ambiguity and potential disputes regarding funding.
Specified Acquisition Loans. If a Specified Acquisition Loan is requested by the Borrower, the sum of (i) the Effective Amount of the Revolving Loans and (ii) the Effective Amount of the L/C Obligations shall be equal to the Revolving Commitment. Each Notice of Borrowing, L/C Application or L/C Amendment Application submitted or deemed submitted by the Borrower hereunder shall constitute a representation and warranty by the Borrower hereunder, as of the date of each such notice and as of each Borrowing Date and Issuance Date that the conditions in Section 5.2 are satisfied.
Specified Acquisition Loans. The Borrowers shall repay to the Lenders with Specified Acquisition Loans the aggregate principal amount thereof in accordance with the terms of Section 2.16(c)(i) and any applicable Specified Acquisition Loan Joinder; provided, however, that the final principal repayment installment of each Specified Acquisition Loan shall be repaid on the maturity date therefor specified in the applicable Specified Acquisition Loan Joinder and in any event shall be in an amount equal to the aggregate principal amount of all Specified Acquisition Loans of like tenor outstanding on such date.
Specified Acquisition Loans. If a Specified Acquisition Loan is requested by the Borrowers, the sum of (i) the Effective Amount of the Revolving Loans and (ii) the Effective Amount of the L/C Obligations shall be equal to the Revolving Commitment.
(j) Section 6.3 of the Existing Credit Agreement is hereby amended to read in its entirety as follows: