Acquisition Line of Credit definition

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 $40,000,000 revolving credit with an option to increase to the total amount of
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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.
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Examples of Acquisition Line of Credit in a sentence

  • The Acquisition Line of Credit was used to finance 3 acquisitions: 1) Acquisition of St-Hilaire and St-Bruno in June 2019 for $10,200,000.

  • The other material addition to the budget is an additional $38,000+ for acquisition costs (specifically carrying cost related to the use of the Acquisition Line of Credit).

  • Under a previously negotiated and closed Acquisition Line of Credit, National Dental was able to quickly secure financing for the transactions and expeditiously close deals with far greater efficiency than other potential purchasers.

  • On the 9 February 2017, the Group announced it had drawn down on its Acquisition Line of Credit (“ALOC”) from People’s Bank.

  • Acquisition Line of Credit On September 28, 2008, AX L.P. (as borrower) and Artis (as guarantor) entered into an amended and restated loan agreement with respect to an acquisition line of credit (the “Acquisition LOC”) with Brookfield Bridge Lending Fund Inc.

  • Each Borrower hereby authorizes the Bank, if and to the extent payment owed to the Bank under the Acquisition Line of Credit is not made when due, to charge, from time to time, against any or all of any Borrower's deposit accounts with the Bank any amount so due.

  • Purchase Price (as a percentage of Participation Amount): 98.0% Non-Gaming Land Acquisition Line of Credit Maturity Date: The fifth anniversary after the fifteenth day of the calendar month immediately following the Commencement Date of the Four Winds Casino Resort.

  • On the 9 February 2017, the Group announced it had drawn down on its Acquisition Line of Credit ("ALOC") from People's Bank.

  • The Borrowers agree to pay to Bank, jointly and severally, a fee of .25% of the amount of each Acquisition Advance under the Acquisition Line of Credit, payable at the time each Acquisition Advance is made.

  • Acquisition Advances under the Acquisition Line of Credit shall be used only to fund acquisitions of companies in substantially the same line(s) of business as the Borrowers are presently engaged in and shall be in an amount not greater than $5,000,000 per acquisition and only if a proforma financial covenant compliance certificate, after giving effect to the acquisition, shows the Borrower to be in compliance.


More Definitions of Acquisition Line of Credit

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 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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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 October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of 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 shall have the meaning set forth in the recitals hereto.

  • 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.

  • Subsidiary Loan Agreements means the agreements to be entered into 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 Agreements;

  • Permitted Acquisition Indebtedness means Indebtedness or Disqualified Stock of the Company or any of its Restricted Subsidiaries to the extent such Indebtedness or Disqualified Stock was Indebtedness or Disqualified Stock of any other Person existing at the time (a) such Person became a Restricted Subsidiary of the Company or (b) such Person was merged or consolidated with or into the Company or any of its Restricted Subsidiaries, provided that on the date such Person became a Restricted Subsidiary or the date such Person was merged or consolidated with or into the Company or any of its Restricted Subsidiaries, as applicable, either

  • 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, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 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.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).