Acceptance Amount definition
Examples of Acceptance Amount in a sentence
Each Lender receiving such Prepayment Offer Notice shall indicate its acceptance or rejection of such offer (and, in the case of its acceptance, its Prepayment Acceptance Amount) by delivering a Prepayment Offer Response Notice to the Agent and the Borrower no later than four Business Days prior to the Specified Prepayment Date set forth in the applicable Prepayment Offer Notice.
Announcement by the Offeror of whether the Offeror will accept valid tenders of the Notes pursuant to the Offer (subject to satisfaction of certain conditions including, without limitation, the Transaction Conditions) and if so accepted, the Acceptance Amount, the Purchase Price, the Scaling Factor (if applicable) to be applied to valid tenders of the Notes and the principal amount of the Notes outstanding after the settlement of the Offer.
The Company’s obligation to complete an Offer with respect to a particular series of Notes is conditioned on the aggregate principal amount of the Notes, together with the aggregate principal amount of Notes of each series accepted for purchase with a higher Acceptance Priority Level, not exceeding the Maximum Tender Acceptance Amount, unless waived by the Company as provided herein.
The Company’s obligation to accept and pay for Notes validly tendered and not validly withdrawn pursuant to the Offers is conditioned upon satisfaction or waiver of certain conditions as set forth under “Description of the Offers—Conditions to the Offers,” including the New Financing Condition and the Maximum Tender Acceptance Amount Condition.
On the Consummation Date, upon payment by Borrower of the Prepayment Amount, the Commitment of each Accepting Lender shall be reduced by an amount equal to such Accepting Lender’s Final Acceptance Amount and the Commitment Percentage of such Accepting Lender shall be adjusted accordingly.
Concurrent Tender Offer On 22 July 2024, the Company commenced a concurrent Tender Offer to purchase for cash an aggregate principal amount of its outstanding 2026 Bonds up to the Maximum Acceptance Amount.
Results Announcement by the Company of whether it accepts for repurchase Securities validly tendered in the Early Tender Period, the aggregate principal amount of such Securities accepted for repurchase (if any) and, if the Securities validly tendered in the Early Tender Period is greater than the Maximum Tender Acceptance Amount, the application of the Scaling Factor.
With regard to any re-inspection (and re- testing if appropriate) of any revised construction, Mobility Authority, the D/B Contractor, and the City shall follow the same notice and inspection schedule set forth above.
Each Term Loan Lender shall indicate its acceptance or rejection of such offer (and, in the case of its acceptance, its Prepayment Acceptance Amount) by delivering a Prepayment Offer Response Notice to the Agent and the Borrower no later than four Business Days prior to the Specified Prepayment Date set forth in the applicable Prepayment Offer Notice.
The failure so to record any such amount or any error in so recording any such amount shall not, however, limit or otherwise affect the obligations of the Borrowers hereunder or under any Note to repay the principal amount of the Advances, the Acceptance Amount or the Letter of Credit Amount, together with all interest accrued thereon.