Acquisition Borrowing definition
Examples of Acquisition Borrowing in a sentence
Each Acquisition Borrowing shall consist of Acquisition Loans made simultaneously by the Acquisition Lenders in accordance with their respective Applicable Percentage of the Acquisition Facility.
Each Acquisition Borrowing shall be in an aggregate amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and shall consist of Acquisition Advances made simultaneously by the Acquisition Lenders ratably according to their Acquisition Commitments.
The proceeds of the Term Loan Acquisition Borrowing, together with Revolving Credit Loans hereunder will be used by the Borrower to pay the consideration in connection with the Insight Acquisition and Insight Transaction Expenses.
Each Acquisition Borrowing shall be in an aggregate amount of $1,000,000 or an integral multiple of $500,000 in excess thereof and, if the acquisition to be made with the proceeds of such Acquisition Borrowing shall be for cash consideration of less than $1,000,000, such Acquisition Borrowing shall be in the amount of $1,000,000 and, in each case, shall consist of Acquisition Advances made simultaneously by the Acquisition Lenders ratably according to their Acquisition Commitments.
The Administrative Agent shall notify the Borrower and the Lenders in writing on or prior to the Rise Acquisition Closing Date of the “Rise Acquisition Borrowing Base Increase Amount”.