Acquisition Funding Date definition
Examples of Acquisition Funding Date in a sentence
The Administrative Agent shall notify the Borrower and the Lenders of the Acquisition Funding Date, and such notice shall be conclusive and binding.
Within the foregoing limits, and subject to the terms and conditions hereof, the Borrowers’ ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrowers may on or after the Acquisition Funding Date, during the Availability Period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon or payments or disbursements made in respect of, as applicable, and reimbursed.
Subject to the terms and conditions set forth herein, each Lender (severally and not jointly) agrees to make a term loan to the Borrower in Dollars on the Acquisition Funding Date in an aggregate principal amount not to exceed such Lender’s Commitment.
Notwithstanding the foregoing, the obligations of the Lenders to make Loans on the Acquisition Funding Date to finance the Kosmos Acquisition shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 9.02) at or prior to 11:59 p.m., New York City time, on the Commitment Termination Date (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such time).
On the terms and subject to the conditions contained in the Second Amendment, each 2016 Incremental Lender severally agrees to make a 2016 Incremental Term Loan in Dollars to the Borrower on the the ▇▇▇▇ Acquisition Funding Date and/or the ▇▇▇▇ Acquisition Funding Date, in an amount not to exceed such Term Lender’s Term Commitment on the Second Amendment Effective Date.
Rales is the Trustee, (ii) BDT Capital Partners and its Controlled Investment Affiliates and (iii) any other investor that is issued common Equity Interests or Closing Date Preferred Equity of the Parent pursuant to the Equity Financing after the Effective Date and on or before the Acquisition Funding Date and any such investors’ Controlled Investment Affiliates.
For the avoidance of doubt, upon the ▇▇▇▇ Acquisition Funding Date $150,000,000 of the 2016 Incremental Term Loans shall be immediately and automatically cancelled in full and all commitments of the Incremental Lenders in respect of the 2016 Incremental Term Loans shall be immediately and automatically cancelled in full following the ▇▇▇▇ Acquisition Funding Date.
During the period from the CVI Acquisition Funding Date to the Repayment Date, the Borrowers shall not be deemed to have breached the representation set forth in the second sentence of Section 4.21(a) of the Credit Agreement by virtue of CII and its Subsidiaries not delivering a CVI Guarantee on the CVI Acquisition Funding Date.
To the extent that CII or any of its Subsidiaries is required under Section 3.02(e) of the Credit Agreement to execute and deliver a CVI Guarantee on the CVI Acquisition Funding Date, such CVI Guarantee need not be executed and delivered on such date but shall be executed and delivered to the Lenders not later than the Repayment Date.
Subject to adjustment pursuant to the second sentence of this Section 2.10(b), the Borrower shall repay Tranche A Term Borrowings on the last day of each of March, June, September and December, commencing with June 2019, in a principal amount equal to the aggregate principal amount of Tranche A Term Loans outstanding on the Acquisition Funding Date multiplied by 2.50%.