Acquisition Loan Commitment definition

Acquisition Loan Commitment means for each Acquisition Loan Lender, its obligation to make Acquisition Loans to the Company in the designated currency up to the amount set forth opposite such Lender’s name on Schedule 1.1

Acquisition Loan Commitment means the commitment of the Lenders to make Acquisition Loans hereunder, as such commitment may be reduced from time to time pursuant to Section 2.16. The initial amount of the Lenders’ Acquisition Loan Commitment is $70,000,000. Each Lender’s Acquisition Loan Commitment is set forth on Schedule 2.01 or in the Assignment Assumption to which such Lender becomes a party hereto, as applicable as such amount may be adjusted from time to time in accordance with this Agreement.

Acquisition Loan Commitment means, with respect to each Bank, the amount set forth opposite such Bank's name in Schedule I hereto directly below the column entitled "Acquisition Loan Commitment," as the same may be (x) reduced or terminated from time to time pursuant to Section 2.02, 2.03, 3.02 and/or 9 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.12 or 12.04.

Examples of Acquisition Loan Commitment in a sentence

• Each Issuance of a Letter of Credit shall be deemed to utilize the Acquisition Loan Commitment of each Acquisition Loan Lender by an amount equal to the amount of such participation (including for the purpose of calculating fees payable pursuant to Section 5.4).

• The Floor Plan Loan Commitment Fees and the Acquisition Loan Commitment Fees due to each Lender shall commence to accrue on the Closing Date and cease to accrue on the earlier of the Maturity Date and the termination of the Commitments of such Lender pursuant to Section 5.5 or Section 13.3(b).

• The Commitment of any such New Lender shall be in an amount not less than $10,000,000, and such Commitment must be comprised of both a Floor Plan Loan Commitment and an Acquisition Loan Commitment, both in the same ratio with respect to the Total Floor Plan Loan Commitment and the Total Acquisition Loan Commitment.

• Following any such conversion or reversal, the amount of each Lender’s Acquisition Loan Commitment and Floor Plan Loan Commitment shall be noted on the Agent’s records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Agent to record any such information shall not affect the obligations of the Borrowers with respect thereto in accordance with the terms of this Agreement and the Loan Documents.

• Each Acquisition Lender's Acquisition Loan Commitment shall expire on the Acquisition Loan Commitment Termination Date and all Acquisition Loans and all other amounts owed hereunder with respect to the Acquisition Loans and the Acquisition Loan Commitments shall be paid in full no later than that date; PROVIDED that each Acquisition Lender's Acquisition Loan Commitment shall expire immediately and without further action on October 31, 1998, if the Tranche B Term Loans are not made on or before that date.

More Definitions of Acquisition Loan Commitment

Acquisition Loan Commitment means the commitment of an Acquisition Lender to make Acquisition Loans to Company pursuant to subsection 2.1A(v), and "ACQUISITION LOAN COMMITMENTS" means such commitments of all Lenders in the aggregate.

Acquisition Loan Commitment means for each Bank, its obligation to make Acquisition Loans to the Company up to the amount set forth opposite such Bank's name on Schedule I under the caption "Acquisition Loan Commitments" (as the same may be permanently terminated or reduced or increased from time to time pursuant to the applicable provisions in Sections 2.3(g)(iii), THIRD AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Acquisition Loan Commitment shall have the meaning given such term in Section 2.3 hereof.

Acquisition Loan Commitment means (a) as to any Acquisition Loan Lender, the aggregate commitment of such Acquisition Loan Lender to make Acquisition Loan Advances as set forth on Annex J to the Agreement or in the most recent Assignment Agreement executed by such Acquisition Loan Lender and (b) as to all Acquisition Loan Lenders, the aggregate commitment of all Acquisition Loan Lenders to make Acquisition Loan Advances, which aggregate commitment shall be Ten Million Dollars ($10,000,000) on the Closing Date, as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.

Acquisition Loan Commitment means, with respect to each Lender, the commitment of such Lender in an aggregate principal amount at any time outstanding of up to such Lender's Acquisition Loan Commitment Percentage of the Acquisition Loan Committed Amount, to make Acquisition Loans in accordance with the provisions of Section 2.3(a).

Acquisition Loan Commitment means the commitment of the Lender to make --------------------------- Acquisition Loan Advances, which commitment shall be $15,000,000 on the Closing Date, as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.

Acquisition Loan Commitment means the commitment of the Lender to make Acquisition Loans of up to a maximum principal amount of $30,000,000.