Acquisition Facility Loan definition
Examples of Acquisition Facility Loan in a sentence
In addition, at least three (3) Business Days prior to the earlier to occur of (x) the date that the proposed funding of the Acquisition Facility Loan or (y) date such proposed acquisition is expected to be consummated, the Parent and UTI must have been available to the Agent and the Lenders to answer questions regarding the proposed acquisition and the documentation related thereto.
Notwithstanding anything to the contrary in this Section 8.02, during the Acquisition Facility Loan Availability Period through the Initial Acquisition Facility Loan Funding Date, the Administrative Agent and the Lenders shall not be entitled to terminate Acquisition Facility Commitments except in connection with the occurrence of a Target Bankruptcy Event.
The Acquisition Facility Loan may consist of Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, however, all Borrowings made on the Initial Acquisition Facility Loan Funding Date shall be made as Base Rate Loans.
Amounts repaid on the Acquisition Facility Loan may not be reborrowed.
No amount of any Acquisition Facility Loan shall be reborrowed once repaid.