Examples of Acquisition Loan Availability Period in a sentence
During the Acquisition Loan Availability Period, Holdings may use the Acquisition Loan Commitment by borrowing, prepaying the Acquisition Loans in whole or in part, and reborrowing.
The Borrowers agree to pay to the Administrative Agent for the account of the Lenders in accordance with their Applicable Acquisition Loan Percentage a commitment fee (the “Unused Acquisition Loan Fee”) for the period from and including the Effective Date to the last day of the Acquisition Loan Availability Period, which shall accrue at the rate designated on the grid in the definition “Applicable Margin” on the average daily amount of the Unutilized Acquisition Loan Commitment.
Any undrawn Acquisition Loan Commitments as of the last day of the Acquisition Loan Availability Period shall terminate as of the close of business on the last day of the Acquisition Loan Availability Period.
The Acquisition Commitments shall automatically terminate upon the expiration of the Acquisition Loan Availability Period.
Except for Post-Offering Acquisition Advances made within 90 days after the consummation of a Permitted Acquisition for the purpose of paying the post-closing expenses and fees incurred in connection with such acquisition, no Post-Offering Acquisition Advance will be made after the expiration of the Post-Offering Acquisition Loan Availability Period.
Subject to the terms and conditions hereof, each Acquisition Loan Lender severally agrees to make one or more loans (each, an "Acquisition Loan") during the Acquisition Loan Availability Period in an aggregate principal amount at any time outstanding not to exceed such Acquisition Loan Lender's Acquisition Loan Commitment.
If at the end of the Post-Offering Acquisition Loan Availability Period, (i) there is remaining availability under the Aggregate Post-Offering Acquisition Loan Commitment and (ii) there is no Existing Default, Borrower may at its option extend the Post-Offering Acquisition Loan Availability Period for one additional year by providing written notice of such election to Administrative Agent within 30 days prior to the original expiration date of the Post-Offering Acquisition Loan Availability Period.
The Acquisition Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the last day of the Acquisition Loan Availability Period.