Examples of Acquisition Loan Amount in a sentence
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.
A fee (the “Unused Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to three/tenths of one percent (0.30%) per annum of the average unused portion of the Revolving Line and the unused portion of the Acquisition Loan Amount, as determined by Bank.
The Bank may, in its discretion, make, or permit to remain outstanding, Advances to the Borrower in excess of the Maximum Acquisition Loan Amount and all such amounts shall be part of the Acquisition Loan and Indebtedness, shall bear interest as provided in the Acquisition Note, shall be payable ON DEMAND and shall be entitled to all rights and security provided for herein, in the Security Agreement and all other Loan Documents.
The bill may have a negative fiscal impact to local governments that currently impose fees for towing and storage in excess of the reasonable costs incurred or maximum rates set for towing and storage.
The term "Acquisition Loan Amount" shall mean the principal sum of Six Hundred Forty-Five Thousand Dollars ($645,000).
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 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 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 Borrower shall immediately pay to the Bank any amount by which the Acquisition Loan exceeds the Maximum Acquisition Loan Amount.
The term "Closing" shall mean the execution and delivery of all Loan Documents capable of being executed and delivered on the date of closing, June 24, 2005, and the satisfaction of all conditions precedent to the disbursement of the Acquisition Loan Amount.