Examples of Acquisition Term Loan Closing Date in a sentence
Each of the Acquisition Lenders shall have received, at least five (5) days prior to the Acquisition Term Loan Closing Date (to the extent reasonably requested from the Company on a timely basis at least seven (7) days prior to the Acquisition Term Loan Closing Date), all documentation and other information required by the applicable Governmental Authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the Patriot Act.
On the Acquisition Term Loan Closing Date, the Administrative Agent shall record in the Register all applicable information in respect of the Acquisition Term Loans.
The Company agrees to pay on the Acquisition Term Loan Closing Date to the Administrative Agent for the account of each Acquisition Lender on the Acquisition Term Loan Closing Date, as fee compensation for the funding of such Acquisition Lender’s Acquisition Term Loan, the Upfront Fees (as defined in the Fee Letter referred to in the Acquisition Term Loan Commitment Letter).
On the terms contained in the Credit Agreement and this Incremental Amendment and subject to the conditions contained in this Incremental Amendment, each Acquisition Lender severally agrees to make an Acquisition Term Loan to the Company on the Acquisition Term Loan Closing Date (as defined below), in an amount not to exceed such Acquisition Lender’s Acquisition Term Loan Commitment (as defined below).
If the Acquisition Term Loan Closing Date occurs, to the knowledge of the Company, the Unaudited Financial Statements of the Acquired Business fairly represent the financial position of the Acquired Business as at the date to which they were prepared and for the financial quarters to which they relate and were prepared on a basis consistent with IFRS (to the extent appropriate in the context of such accounts).
The Ticking Fee shall accrue during the period (the “Ticking Fee Period”) that commences on the thirty first (31st) day following the Allocation Date and ends on the earlier to occur of (x) the Acquisition Term Loan Closing Date and (y) the date of termination or expiration of the Acquisition Term Loan Commitments hereunder.
If the Acquisition Term Loan Closing Date occurs, the Audited Financial Statements of the Acquired Business, together with the notes thereto, give a fair view of the consolidated financial position of the Acquired Business as at the date to which they were prepared and for the financial years then ended and were prepared in accordance with IFRS applied consistently throughout the periods presented except as disclosed in such financial statements and the notes thereto.
The Borrower shall, no later than 90 days after the Closing Date and after every Acquisition Term Loan Closing Date and in respect of no less than 50% of the outstanding Term Loans as in effect from time to time enter into Interest Rate Agreements reasonably acceptable to the Agent for a period of not less than two years.
If and to the extent necessary to implement the terms and conditions of the Acquisition Term Loans, the Administrative Agent agrees to use commercially reasonable efforts to cooperate with the Company to execute and deliver an amendment to this Agreement (including Schedule II) and the other Loan Documents, effective as of the Acquisition Term Loan Closing Date.