Acquisition Line of Credit definition

Acquisition Line of Credit means those Advances evidenced by the term loan described in the Recitals, and by the Consolidated Note.
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Acquisition Line of Credit means the $40,000,000 revolving credit with an option to increase to the total amount of
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Acquisition Line of Credit means the revolving line of credit facility in the maximum amount of Thirty Million Dollars ($30,000,000) described in Section 2.3.
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Examples of Acquisition Line of Credit in a sentence

  • 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.

  • All land and options acquired through the Non-Gaming Land Acquisition Line of Credit shall be acquired in the name of the Band or the Band Designee.

  • For purposes of this Section 2.9(b), fees, expenses and indemnities which are not incurred in respect of any one Line of Credit or which are incurred in respect of more than one Line of Credit, shall be deemed to have been incurred in respect of the Short-term Acquisition Line of Credit.

  • The Non-Gaming Land Acquisition Line of Credit shall otherwise be Limited Recourse.

  • If the Band opts to have the Band Designee enter into options or purchase agreements for Non-Gaming Lands, or acquire any of the Non-Gaming Lands, the cost of obtaining such options and agreements, and of closing under such options and agreements, including all related fees, commissions and expenses, shall be advanced by Great Lakes to the Band under the Non-Gaming Land Acquisition Line of Credit, through a designee other than Great Lakes, which designee shall be the nominee of and agent for Great Lakes.

  • In addition, the unpaid principal amount of this Acquisition Line of Credit Note from time to time outstanding is subject to mandatory prepayment from time to time as provided in the Credit Agreement and shall bear interest as provided in the Credit Agreement.

  • This Agreement, the Lakes Development Note, the Lakes Facility Note, the Lakes Working Capital Advance Note, the Minimum Payments Note, the Transition Note and the Non-Gaming Land Acquisition Line of Credit shall be deemed entered into in Michigan.

  • Option payments or acquisition payments made by Lakes or Great Lakes or Lakes' or Great Lakes' other nominees or agents prior to such assignment shall be advances under the Non-Gaming Land Acquisition Line of Credit and repayable in accordance with its terms.

  • All payments of principal and interest on this Acquisition Line of Credit Note shall be payable in lawful currency of the United States of America in immediately available funds to the Administrative Agent.

  • This Acquisition Line of Credit Note is entitled to the benefits of, and evidences obligations incurred under, the Credit Agreement, to which reference is made for a description of the Collateral for this Acquisition Line of Credit Note and for a statement of the terms and conditions on which the Borrower is permitted and required to make prepayments and repayments of principal of the obligations evidenced hereby and on which such obligations may be declared to be immediately due and payable.


More Definitions of Acquisition Line of Credit

Acquisition Line of Credit. On terms and conditions as set forth herein, the Bank agrees to make Advances under the Acquisition Line of Credit, on a non-revolving basis, in Dollars or in Alternate Currency to the Borrowers from time to time from the date hereof to November 30, 1999, at which time the Acquisition Line must be paid in full or termed out pursuant to Section 2.6.11, and again the draw down period will be extended one more year to November 30, 2000, which is the Expiration Date at which time the Acquisition Line must be paid in full or termed out pursuant to Section 2.6.11, provided the aggregate amount of such Advances outstanding at any time does not exceed $15,000,000.00 or the equivalent in Alternate Currency (the "Acquisition Line of Credit"). Within the foregoing limits, the Borrowers may borrow, partially or wholly prepay, but may not reborrow, under this Section 2.1. Proceeds of the Acquisition Line of Credit shall be used to acquire companies in related lines of business as the Borrowers or that are involved in a manufacturing process or technology similar to those used by the Borrowers, provided that each such Advance shall be limited to $5,000,000 per transaction hereunder and subject to the following conditions. (i) Acquired companies must have a positive EBITDA on an after acquisition one year proforma basis, adjusted for nonrecurring expenses including income tax items and reduced payroll, etc., due to economies of scale. Borrower is to provide calculations. (ii) OSI must remain in full compliance with financial covenants on a proforma basis. (iii) Aggregate acquisitions in excess of $40 million in fiscal 1999 and $30 million in any fiscal year thereafter must be approved by the Bank. (iv) The purchase price of each acquisition may not exceed $25 million without Bank approval. (v) The cash component of each acquisition may not exceed $15 million without Bank's prior written approval. (vi) The business acquired must be in a related line of business as the Borrowers or involve manufacturing processes or technology similar to those used by the Borrowers. (vii) The Bank will have a first priority lien on assets acquired in domestic acquisitions and stock acquired in a domestic stock purchase will be assigned to Bank in a separate security agreement. The Bank will not have any lien on assets acquired in the acquisition of a Foreign Subsidiary and stock acquired in a foreign stock purchase will not be assigned to Bank. (viii) Borrower shall provide Bank with a wri...
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Acquisition Line of Credit means the aggregate secured discretionary line of credit facility under which Bank makes Acquisition Loans to one or more of the Borrowers, as more fully described in and subject to the terms of Section 2.6 hereof.
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Acquisition Line of Credit means the credit facility made available by Bank to Borrower pursuant to Section 2.02.
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Related to Acquisition Line of Credit

  • Equity Line of Credit shall have the meaning ascribed to such term in Section 4.13.

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Credit Line as defined in Section 2.1.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • New Credit Facility is defined in Section 9.8.

  • Total Extensions of Credit at any time, the aggregate amount of the Extensions of Credit of the Lenders outstanding at such time.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of March 25, 2010, among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Total Facility has the meaning specified in Section 1.1.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Subsidiary Loan Agreements means, collectively, the agreements to be entered into between each Project Municipality and its Project Company or Project Companies, as the case may be, pursuant to paragraph 6 of Schedule 2 to the Project Agreement, as the same may be amended from time to time, and such term includes all schedules and supplements to said agreements; and a “Subsidiary Loan Agreement” means, individually, any of said Subsidiary Loan Agreements.

  • Permitted Acquisition Indebtedness means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness:

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • Incremental Facility Agreement means an Incremental Facility Agreement among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Commitments of any Series or Incremental Revolving Commitment Increases and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.21.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being US$250,000,000 at the date of this Agreement.

  • Credit Facility Indebtedness means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in respect of any Credit Facility, including without limitation principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees, other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.