Acquisition Line definition

Acquisition Line means the $40,000,000 non-revolving line of credit extended by the Lender to Advocat for the sole purpose of acquisitions of healthcare related facilities, pursuant to a Commitment Letter accepted October 22, 1996.

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Acquisition Line means the line of credit provided by the Bank pursuant to Section 2.1(a) hereof.

Acquisition Line has the meaning described in Section 2.2.1 (Acquisition Line Facility).

Examples of Acquisition Line in a sentence

All references to the "Short-term Acquisition Line Maturity Date" contained in the Short-term Acquisition Notes shall mean the Short-term Acquisition Line Maturity Date as defined in the Credit Agreement, as hereby amended.
All references to the "Long-term Acquisition Line Maturity Date" contained in the Long-term Acquisition Notes shall mean the Long-term Acquisition Line Maturity Date as defined in the Credit Agreement, as hereby amended.
The Financing Agreement provides for some of the agreements between the Borrowers and the Lender with respect to the “Loans” (as defined in the Financing Agreement), including (i) a revolving credit facility in the maximum principal amount of $25,000,000 and (ii) an Acquisition Line under which an advance evidenced by an Acquisition Line Term Note is outstanding and no further advances are to be made.
The Loan Documents, and the collateral granted to the Bank therein, shall secure the Loan (as defined in the Loan Agreement) made pursuant to the Loan Agreement, as amended, and the payment and performance of the Acquisition Line of Credit, as amended.
Pursuant to the terms of the First Amendment, Lender agreed to provide credit facilities to the Company in an aggregate principal amount of up to $14,000,000, consisting of an Acquisition Line with a maximum credit limit of $5,700,000, an Accommodation Line with a maximum credit limit of $2,300,000, and a Working Capital Credit Line with a maximum credit limit of $6,000,000.

More Definitions of Acquisition Line

Acquisition Line is an Acquisition Advance or Acquisition Advances in an aggregate amount not to exceed Ten Million Dollars ($10,000,000).”

Acquisition Line means the non-revolving line of credit established pursuant to this Agreement in the maximum principal amount of the Commitment Amount.

Acquisition Line. First American Priority Collateral," "NCI Loan" and "NC II Loan" are defined as set forth in the Master Credit and Security Agreement dated as of December 27, 1996, as amended, or the Intercreditor Agreement dated December 27, 1996, as amended, executed between Secured Party, GMAC, Debtor and affiliates of Debtor. "GMAC Financed Facilities" is defined in the Third Amendment to the Intercreditor Agreement executed between Secured Party, GMAC, Debtor and affiliates of Debtor on March 16, 2001. "New Project Loans" is defined in that Sixth Amendment to Master Amendment dated effective January 29, 2005.

Acquisition Line means a boundary between land acquired by the State for the purposes of development of a highway and adjoining land owned by person;

Acquisition Line means the loan facility under the credit agreement, dated February , 1997, between the Company and the Frost National Bank for the purpose of acquisitions of assets or businesses, as amended, modified, supplemented, extended, restated or renewed from time to time.

Acquisition Line means as to each Bank, the nonrevolving line of credit to be made available to Holdings by such Bank pursuant to Section 3.1.

Acquisition Line means a credit extension of up to Twelve Million Dollars ($12,000,000).