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

  • Under any such circumstances, the Acquisition Loan shall be repaid in full.

  • Accordingly, (x) no purported termination of this Agreement by Owner for any reason whatsoever (including, without limitation, any purported termination pursuant to Article 8 or Article 9) shall be effective unless and until the Acquisition Loan shall have been repaid in full, and (y) Manager shall have the right and option to extend the Term of this Agreement indefinitely for so long as the Acquisition Loan remains outstanding.

  • Manager shall be entitled to the legal and equitable protections that the status of an agent coupled with an interest confers on Manager for so long as the Acquisition Loan remains outstanding.

  • Subject to the provisions of Section 3.3(b) and Section 5.9, Acquisition Loan Borrowings of more than one Type may be outstanding at the same time.

  • The Agent shall promptly advise the Lenders of any Request for Borrowing given by the Company pursuant to this Section 3.3 and of each Lender’s portion of the requested Acquisition Loan Borrowing.


More Definitions of Acquisition Loan

Acquisition Loan has the meaning specified in Section 3.1.
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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.
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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.
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Acquisition Loan means a Revolving Loan the proceeds of which will be used for an Eligible Acquisition.
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Acquisition Loan shall have the meaning provided in Section 1.01(c).
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Acquisition Loan is defined in Section 2.1.4.
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Acquisition Loan. Section 2.1(b).
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