Acquisition Loan Advance definition

Acquisition Loan Advance means an advance by an Acquisition Lender to the Borrower as part of an Acquisition Loan pursuant to Section 2.01(a).
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Acquisition Loan Advance has the meaning ascribed to it in Section 1.1(c)(i).
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Acquisition Loan Advance means the advance of the Acquisition Loan Amount made on the date hereof pursuant to the provisions of this Agreement.
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Examples of Acquisition Loan Advance in a sentence

  • Agent shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Acquisition Loan Advance, Notice of Conversion/Continuation or similar notice believed by Agent to be genuine.

  • Other than the disbursement of the Original Acquisition Loan Advance made on the Closing Date and any Construction Loan Advances made pursuant to the Original Loan Agreement or this Agreement, Lender shall have no obligation to loan any additional funds in respect of the Loan.

  • After receipt of such wire transfers (or, in the Agent's sole discretion, before receipt of such wire transfers), subject to the terms hereof, Agent shall make the requested Revolving Credit Advance or Acquisition Loan Advance to Borrower.

  • Borrowers hereby acknowledge and agree that, on the Closing Date, Lender made the Original Acquisition Loan Advance to Borrowers in the principal amount of $760,000,000.00, which Original Acquisition Loan Advance represented a full disbursement of all proceeds of the Original Acquisition Loan.

  • Agent may assume that (i) each Revolving Lender will make its Pro Rata Share of each Revolving Credit Advance available to Agent on each funding date, and (ii) each Acquisition Loan Lender will make its Pro Rata Share of each Acquisition Loan Advance available to Agent on each funding date.

  • Each Acquisition Loan Lender shall make the amount of such Acquisition Loan Lender's Pro Rata Share of such Acquisition Loan Advance available to Agent in same day funds by wire transfer to Agent's account as set forth in Annex H not later than 11:00 a.m. (Chicago time) on the requested funding date.

  • To the extent that Agent advances funds to Borrower on behalf of any Revolving Lender or Acquisition Loan Lender and is not reimbursed therefor on the same Business Day as such Advance or Acquisition Loan Advance is made, Agent shall be entitled to retain for its account all interest accrued on such Advance or Acquisition Loan Advance until reimbursed by the applicable Revolving Lender or Acquisition Loan Lender.

  • Principal payments are made on the loans based on available collections after the payment of interest and principal on Covering Loans, interest payments on the Acquisition Loan, Advance Facility and Working Capital line, elected deposits into the Interest Reserve Account and budgeted working capital amounts.

  • The failure or refusal of any Bank to make available to the Agent at the aforesaid time and place the amount of its Pro Rata Share of the requested Revolving Loan or Acquisition Loan shall not relieve any other Bank from its several obligation hereunder to make available to the Agent the amount of such other Bank's Pro Rata Share of any requested Revolving Loan or Acquisition Loan Advance.

  • The Borrower agrees to pay to the Lender the Drawdown ------------ Fee simultaneously with the Lender's extension of an Acquisition Loan Advance.


More Definitions of Acquisition Loan Advance

Acquisition Loan Advance means the outstanding principal from a Bank which represents such Bank's ratable share of an Acquisition Loan Borrowing.
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Acquisition Loan Advance shall have the meaning assigned to it in SECTION 1.1(E)(I).
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Acquisition Loan Advance means any advance of an Acquisition Loan occurring after the Effective Date pursuant to the provisions of Section 3.1(d).
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Related to Acquisition Loan Advance

  • 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.

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

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Equipment Advance is defined in Section 2.1.1.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Initial Advance means the first Advance made pursuant to Article II.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Term Loan has the meaning specified in Section 2.01(b).

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • 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

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Initial Loan is defined in Section 2.1.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Revolving Advance has the meaning given in Section 2.1.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.