Examples of Acquisition Loan Commitment Percentage in a sentence
The project area contains some 37 old Historical workings from its first discovery in 1911, with recoveries from the mines producing from 1 oz to 5 oz per tonne, and we refer you to our detailed release of the 27th September 2017.
Each Acquisition Note shall (a) be dated the Closing Date, (b) be stated to mature in installments in amounts equal to such Lender's Acquisition Loan Commitment Percentage of the amounts, and payable on the dates, calculated as set forth on Schedule 3.2, and (c) bear interest for the period from the date thereof on the unpaid principal amount thereof at the applicable interest rates per annum specified in Section 6.
The failure or refusal of any Bank to make available to the Agent at the aforesaid time and place on any Drawdown Date the amount of its Acquisition Loan Commitment Percentage of the requested Acquisition Loans shall not relieve any other Bank from its several obligation hereunder to make available to the Agent the amount of such other Bank's Acquisition Loan Commitment Percentage of any requested Acquisition Loans.
Each Acquisition Note shall (a) be dated the Closing Date, (b) be stated to mature in installments in amounts equal to such Bank's Acquisition Loan Commitment Percentage of the amounts, and payable on the dates, calculated as set forth on Schedule 2.14 and be stated to mature on the Acquisition Loan Maturity Date and (c) provide for the payment of interest in accordance with subsections 5.2 and 5.3.
Subject to the foregoing, and subject to satisfaction of the conditions set forth in SECTION 13, so long as no Default or Event of Default shall have occurred and is continuing, and all of the applicable conditions set forth in this Credit Agreement, have been met, each Lender shall lend to the Borrower such Lender's Acquisition Loan Commitment Percentage of the Acquisition Loan so requested in immediately available funds not later than the close of business on such Drawdown Date.
The Agent may, unless notified to the contrary by any Bank prior to a Drawdown Date, assume that such Bank has made available to the Agent on such Drawdown Date the amount of such Bank's Acquisition Loan Commitment Percentage of the Acquisition Loans to be made on such Drawdown Date, and the Agent may (but it shall not be required to), in reliance upon such assumption, make available to the Borrower a corresponding amount.
Each Lender will make its Acquisition Loan Commitment Percentage of each Acquisition Loan borrowing available to the Agent for the account of the Borrower as specified in SECTION 3.15(a), or in such other manner as the Agent may specify in writing, by 2:00 P.M. (Charlotte, North Carolina time) on the date specified in the applicable Notice of Borrowing in Dollars and in funds immediately available to the Agent.
In consideration of the Acquisition Loan Commitments of the Lenders hereunder, the Borrower agrees to pay to the Agent for the account of each Lender a fee (the "Acquisition Loan Unused Fee") on such Lender's Acquisition Loan Commitment Percentage of the Unused Acquisition Loan Committed Amount computed at a per annum rate for each day during the applicable Acquisition Loan Unused Fee Calculation Period (hereinafter defined) at a rate equal to the Applicable Percentage in effect from time to time.
Each Lender will make its Acquisition Loan Commitment Percentage of each Acquisition Loan borrowing available to the Agent for the account of the Borrower as specified in Section 3.15(a), or in such other manner as the Agent may specify in writing, by 2:00 P.M. (Charlotte, North Carolina time) on the date specified in the applicable Notice of Borrowing in Dollars and in funds immediately available to the Agent.
The Acquisition Loans shall be made pro rata in accordance with each Bank's Acquisition Loan Commitment Percentage.