Tender Facility definition
Examples of Tender Facility in a sentence
The proceeds of borrowings under the Tender Facility and up to $50,000,000 of proceeds of borrowings under the Pre-Merger Revolving Facility are to be used (a) by the Borrower or Acquisition Co.
Amounts paid or prepaid in respect of Tender Facility Loans and Term Facility Loans may not be reborrowed.
All obligations of Acquisition Co. or the Borrower under the Tender Facility shall have been refinanced with the proceeds of the Facilities and the Senior Subordinated Notes.
As of the date hereof, ACQUIROR knows of no facts or circumstances that are reasonably likely to result in any of the conditions set forth in the Tender Facility not being satisfied.
The twelfth settlement of the post acceptance period represented the payment of interest on the Tender Facility.
Upon consummation of the Merger, all amounts in the Cash Account shall be applied to satisfy Merger Sub's obligation to repay the Tender Facility.
Borrower shall have obtained a Fifty Million Dollar ($50,000,000) Tender Facility, a Twenty Seven Million Dollar ($27,000,000) Term Loan Facility and a Fifteen Million Dollar ($15,000,000) Revolving Credit Facility, each on terms and conditions reasonably satisfactory to Lender.
ACQUIROR has received and furnished a copy to OPTA of a commitment letter from Bank of Montreal and Harris Trust and Savings Bank (collectively, the "Lenders") dated Oct▇▇▇▇ ▇4, 2002 pursuant to which the Lenders have committed, subject to the terms and conditions thereof, to enter into a tender facility (the "Tender Facility") with SunRich and/or Acquisition Subsidiary to provide financing in the amount of up to $17,000,000, and ACQUIROR intends to furnish the balance of the necessary funds itself.
The real property included in the Triad Designated Assets shall be free and clear of monetary liens and encumbrances granted or created under the Tender Facility or the Interim Facility (as defined in the Offer to Purchase); otherwise the recourse for breach of title warranties of Triad under the Triad Deed will be strictly limited to the extent that Triad is insured therefor under its title insurance in effect prior to the Effective Date.
No withdrawals will be permitted from the Cash Account without the consent of Lender if such withdrawal would cause the remaining balance on deposit to be less than Twenty Five Million Dollars ($25,000,000) except to repay the Tender Facility or pursuant to the security interest of the Bank in the Cash Account.