Acquisition Proceeds definition
Examples of Acquisition Proceeds in a sentence
The Agent shall notify the Lenders as soon as possible of any proposed prepayment of any Term Loan under Clause 7.3 (Voluntary prepayment of Term Loans) or Clause 8.2 (Disposal, Insurance and Acquisition Proceeds and Excess Cashflow).
The amount of your acquisition bonus will be determined by multiplying the Acquisition Proceeds by 0.6%.
Pending the giving of any notice or expiry of any specified period (as set out in the relevant definition of Excluded Acquisition Proceeds, Excluded Disposal Proceeds or Excluded Insurance Proceeds), relevant proceeds in respect of which the Borrower has not complied with clause 8.4.1(a) shall be paid into the Holding Account.
On the Series Closing Date, the Issuers will deposit or cause to be deposited the Post-Closing Acquisition Proceeds into the Post-Closing Acquisition Reserve Account.
The Borrower further irrevocably authorises the Agent to so apply amounts credited to the Holding Account in respect of Excluded Disposal Proceeds to be applied in replacement of assets, Excluded Insurance Proceeds and Excluded Acquisition Proceeds whether or not 180 days have elapsed since receipt of those proceeds if a Default has occurred and is continuing.