Acquisition Facility definition

Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

Acquisition Facility means, at any time, the aggregate amount of the Acquisition Lenders' Acquisition Commitments at such time.

Acquisition Facility means a syndicated or bilateral term loan credit facility entered into by the Borrower with a commercial lender or lenders or multilateral finance agency in connection with financing the acquisition by the Borrower, or a Subsidiary thereof, of, or a merger by the Borrower, or a Subsidiary thereof, with, an entity whose total consolidated assets represent at least 25% of the Borrower’s total consolidated assets prior to such acquisition or merger, in each case as at the end of its most recently completed fiscal quarter, provided that such credit facility shall cease to be an Acquisition Facility if the proceeds thereof are applied towards anything other than in connection with the financing of such acquisition or merger.

Examples of Acquisition Facility in a sentence

• Borrowings under the Aircraft Acquisition Facility are secured by (i) the equity ownership and beneficial interests in B&B Air Acquisition and its subsidiaries, and (ii) a security interest in the underlying aircraft and related leases.

• Agility Mayan has agreed to provide Bidco with funds received under the Acquisition Facility Agreement to the extent necessary to pay the cash consideration payable by Bidco to Menzies Shareholders under the terms of the Acquisition.

• During the Acquisition Facility Commitment Period, the Borrowers may borrow, prepay the Acquisition Facility Loans in whole or in part, and reborrow Acquisition Facility Loans, all in accordance with the terms and conditions hereof.

• Each Borrower acknowledges and agrees that, for the avoidance of doubt, each Letter of Credit designated as Acquisition Facility Letter of Credit shall be entirely an Acquisition Facility Letter of Credit and no portion thereof will be a Working Capital Facility Letter of Credit.

• The Company uses interest rate swap contracts to hedge variable interest payments due on (i) the Notes and (ii) borrowings under the Aircraft Acquisition Facility, associated with aircraft under fixed rate rentals.

More Definitions of Acquisition Facility

Acquisition Facility has the meaning specified in Section 2.1.1(b).

Acquisition Facility means the agreement of the Banks herein to make the Acquisition Loan.

Acquisition Facility means the Credit Facility described in Section 2.1(b) of this Agreement.

Acquisition Facility means the loan facility of the Operating Partnership provided for in the Credit Agreement for the purpose of financing acquisitions.

Acquisition Facility set forth in Section 10B of the Outstanding 1996 Agreement is hereby deleted and the phrase "the Contracted Dollar" shall be substituted therefor.

Acquisition Facility set forth in Section 10B of the Outstanding 1996 Agreement is hereby deleted and "$30,000,000" shall be substituted therefor.

Acquisition Facility means the acquisition revolving credit facility of the Company provided for in the Credit Agreement for the purpose of financing acquisitions and improvements and repairs in the aggregate principal amount not to exceed $50,000,000."