Acquisition Loan Amount definition

Acquisition Loan Amount is an Acquisition Loan or Acquisition Loans in an amount equal to Twenty Million Dollars ($20,000,000).

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Acquisition Loan Amount means the principal sum of Six Hundred Forty-Five Thousand Dollars ($645,000).

Acquisition Loan Amount means, as of the Closing Date, the amount of Indebtedness incurred under the Acquisition Loan Agreement that is explicitly used to fund the purchase of the Purchased Units purchased by Buyer from Seller hereunder.

Examples of Acquisition Loan Amount in a sentence

• The Borrower shall pay from its own funds the difference between the Acquisition Loan Amount and the actual purchase price, plus all closing costs, including, without limitation, recordation and transfer taxes, title examination costs and title insurance premiums, document preparation fees, real property taxes and counsel fees in connection with the acquisition of the Land.

• The Borrower shall immediately pay to the Bank any amount by which the Acquisition Loan exceeds the Maximum Acquisition Loan Amount.

• The term "Acquisition Loan Amount" shall mean the principal sum of Six Hundred Forty-Five Thousand Dollars ($645,000).

• The outstanding principal balance of the Acquisition Loan may increase and decrease from time to time, and Acquisition Advances thereunder may be repaid and reborrowed, but the total of Acquisition Advances outstanding at any one time under the Acquisition Loan shall never exceed the Maximum Acquisition Loan Amount.

• During the Draw Period, Bank shall make up to three acquisition loans (each an “Acquisition Loan”) available to Borrower in an aggregate amount up to the Acquisition Loan Amount subject to the satisfaction of the terms and conditions of this Agreement.

• The aggregate amount of all Acquisition Loan Advances made by the Acquisition Lenders hereunder shall not in any event exceed the Maximum Acquisition Loan Amount.

• The term "Acquisition Loan" shall mean the initial disbursement at Closing of Loan Proceeds in the principal sum of the Acquisition Loan Amount to be used by the Land Owner for the acquisition of fee simple title to the Land plus certain closing and construction expenses.

• The Bank shall advance to the Borrower as the Loan an amount of up to the lesser of: (a) ninety percent (90%) of all Construction Costs plus ninety percent (90%) of the Acquisition Loan Amount, (b) ninety percent (90%) of the appraised value of the Project on an "as completed" basis, or (c) One Million Nine Hundred Thirty Five Thousand Dollars ($1,935,000).

• The Acquisition Loan Amount shall be disbursed at Closing upon satisfaction of all conditions for disbursement stated herein.

• If at any time the outstanding balances of the Acquisition Loans exceed the Maximum Acquisition Loan Amount, the Borrower shall immediately repay the aggregate outstanding Acquisition Loan Advances to the extent necessary to eliminate such excess.

More Definitions of Acquisition Loan Amount

Acquisition Loan Amount means, with respect to any Acquisition financed ----------------------- in whole or in part with proceeds of an Acquisition Loan, an amount, determined as of the Funding Date of such Acquisition Loan, equal to (A) an amount, designated by Borrower up to but not exceeding 100% of the Cash Purchase Consideration payable by Borrower in consideration of such Acquisition less (B) the aggregate amount includable in the Borrowing Base in respect of Eligible Receivables and Eligible Inventory which are acquired, or are to be acquired, by Borrower pursuant to, or which are owned by a Person that becomes an Acquired Subsidiary as a result of, such Acquisition.

Acquisition Loan Amount means an amount equal to $760,000,000.00, which represents the portion of the principal amount of the Loan advanced pursuant to this Agreement on the date hereof.

Acquisition Loan Amount means the sum of up to ONE MILLION AND NO/100 DOLLARS ($1,000,000.00) or a lesser amount actually borrowed.

Acquisition Loan Amount means $8,397,402.00.

Acquisition Loan Amount means a portion of the Loan Amount equal to $13,000,000.00.