Acquisition Loan definition

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.

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Acquisition Loan means any Loan made in connection with an Acquisition Advance.

Acquisition Loan has the meaning specified in Section 2.1(a).

Examples of Acquisition Loan in a sentence

In addition, during the Acquisition Loan Draw Period, Borrowers may, upon notice to Administrative Agent as set forth above, from time to time terminate (in whole or in part) the unused portion of the aggregate Acquisition Loan Commitments.
Such notice shall set forth (i) the amount of the additional Acquisition Loan Commitments being requested (which shall be in minimum amount of $5,000,000 and increments of $1,000,000 in excess thereof), and (ii) the date on which such additional Acquisition Loan Commitments are requested to become effective (which shall not be less than ten (10) Business Days nor more than sixty (60) calendar days after the date of such notice, unless otherwise agreed to by Administrative Agent).
In such event, Borrowers shall execute and deliver to each Lender (i) a Revolving Loan Note, (ii) a Term Loan Note, (iii) a Mortgage Loan Note, (iv) an Acquisition Loan Note, and a Swingline Loan Note.
Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Lender agrees, severally and not jointly, to make loans (each such loan, an “Acquisition Loan”) to Borrowers in Dollars from time to time, on any Business Day during the Acquisition Loan Draw Period, in an aggregate principal amount not exceeding such L▇▇▇▇▇’s Acquisition Loan Commitment.
Without limiting the foregoing, such proceeds may be used to fund the Existing Credit Agreement Refinancing; provided, however, the proceeds of the Acquisition Facility shall only be used to fund Permitted Acquisition Loan Proceeds Uses.

More Definitions of Acquisition Loan

Acquisition Loan has the meaning specified in Section 3.1.

Acquisition Loan. All of the consideration given or received or to be given or received in connection with the acquisition of the Mortgaged Property has been fully disclosed to Lender. The Mortgaged Property was or will be purchased from (“Property Seller”). No Borrower or Borrower Principal has or had, directly or indirectly (through a family member or otherwise), any interest in the Property Seller and the acquisition of the Mortgaged Property is an arm’s-length transaction. To the best of Borrower’s knowledge after due inquiry and investigation, the purchase price of the Mortgaged Property represents the fair market value of the Mortgaged Property and Property Seller is not or will not be insolvent subsequent to the sale of the Mortgaged Property.

Acquisition Loan means an Exempt Loan (or other extension of credit) used by the Trust to finance the acquisition of Qualifying Employer Securities which loan may constitute an extension of credit to the Trust from a party in interest.

Acquisition Loan means a Revolving Loan the proceeds of which will be used for an Eligible Acquisition.

Acquisition Loan is defined in Section 2.1.4.

Acquisition Loan. Section 2.1(b).

Acquisition Loan shall have the meaning provided in Section 1.01(b).