Examples of Acceptable Commitment in a sentence
Any Acceptable Commitment that is later canceled or terminated for any reason before such Net Proceeds are so applied shall be treated as a permitted application of the Net Proceeds if the Company or such Restricted Subsidiary enters into another Acceptable Commitment within the later of (a) nine months of such cancellation or termination or (b) the end of the initial 365-day period.
Any Acceptable Commitment that is later canceled or terminated for any reason before such Net Proceeds are so applied shall be treated as a permitted application of the Net Proceeds if the Company or such Company Subsidiary enters into another Acceptable Commitment prior to the later of (1) six months after the date of such cancellation or termination or (2) the end of the initial 365-day period.
Term Defined in Section Acceleration Notice 6.02 Acceptable Commitment 4.12(3) Affiliate Transaction 4.14 Appendix 2.01 Applicable Law 12.18 Asset Sale Offer 4.12(3) Benefited Party 10.01 Change of Control Amount 4.16(a) Change of Control Offer 4.16(a) Covenant Defeasance 8.03 Defaulted Interest 2.14 Term Defined in Section defeasance trust 8.04(a) DTC 2.05 Escrow Account 4.19(a) Escrow Release 4.19(a) Escrowed Property 4.19(a) Event of Default 6.01 Excess Proceeds.
If any Acceptable Commitment is later cancelled or terminated after the initial 365 days from such Asset Sale for any reason before such Net Proceeds are applied, then such Net Proceeds shall constitute Excess Proceeds.
Borrower has delivered to Lender a letter from Branch Banking & Trust Co., dated August 18, 2005 (the "BB&T LETTER"), that Borrower contends constitutes an Acceptable Commitment Letter that results in extension of the Extension Period through and including September 19, 2005.