Tender Offer Facility definition

Tender Offer Facility means the credit facility under the Credit Agreement, dated as of July 11, 2007, by and among Merger Sub, Bank of America, as administrative agent, and the lenders party thereto.
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Tender Offer Facility the Facility evidenced by the Tender Offer Commitment.
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Tender Offer Facility means each Tender Offer Term Loan Facility and each Tender Offer Revolving Credit Facility.
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Examples of Tender Offer Facility in a sentence

  • The Purchaser does not presently have any plans, nor has the Purchaser made any arrangements, to repay or refinance the Tender Offer Facility.

  • Simultaneously with the consummation of the Offer and based on a credit facility commitment letter issued by Titan Management, L.P. ("Lender"), which is subject to the customary conditions typically found in such commitment letters, the Purchaser expects to obtain from the Lender a credit facility (the "Tender Offer Facility") in an amount up to $16,250,000 to be used to finance (i) the purchase of the Shares tendered in the Offer and (ii) costs incurred in connection with the Offer.

  • Amounts borrowed under the Tender Offer Facility will be secured by a pledge by the Purchaser of the Shares purchased in the Offer, as well as a grant of mortgages on certain properties owned by the partners of the Purchaser.

  • Amounts borrowed under the Tender Offer Facility will bear interest at an annual rate of 13%, and will have a one-year term.

  • The proceeds of the Term Loan Facilities may be used to provide for cash payments upon consummation of the Proposed Merger with respect to Shares not tendered and purchased pursuant to the Offer, to refinance the Tender Offer Facility and to refinance certain indebtedness.

  • The Administrative Agent shall have received a duly completed Federal Reserve Form U-1 in connection with the Tender Offer and shall be satisfied that the Tender Offer Facility will be in full compliance with Regulation U.

  • The Loans made by each Lender under each Facility shall be evidenced by a single promissory note of each relevant Borrower substantially in the form of the Exhibit hereto identified below opposite the name of such Facility: Each Tender Offer Note shall be dated the Tender Offer Closing Date, payable to such Lender in a principal amount equal to the amount of its Commitment under the relevant Tender Offer Facility as in effect on the Tender Offer Closing Date and otherwise duly completed.

  • Execution and delivery of satisfactory credit, guarantee, security and other related documentation embodying the structure, terms and conditions of the U.S. Tender Offer Facility contained herein (collectively, the "U.S. Tender Offer Credit Documentation'').

  • The Administrative Agent shall have received a duly completed Federal Reserve Form U-1 in connection with the U.S. Tender Offer and shall be satisfied that the U.S. Tender Offer Facility will be in full compliance with Regulation U.

  • Availability: The Tender Offer Facility shall be available in a single drawing on the date upon which the conditions precedent to such borrowing set forth in Articles V.A. and V.C. below are satisfied (the "Tender Offer Closing Date").


More Definitions of Tender Offer Facility

Tender Offer Facility means the tender offer facility in the principal amount of One Hundred Million Dollars ($100,000,000.00) made by PNC to the Borrower pursuant to the Tender Offer Facility Loan Agreement.
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Related to Tender Offer Facility

  • Tender Offer means a takeover offer, tender offer, exchange offer, solicitation, proposal or other event by any entity or person that results in such entity or person purchasing, or otherwise obtaining or having the right to obtain, by conversion or other means, greater than 10 per cent. and less than 100 per cent. of the outstanding voting shares of the Share Company, as determined by the Determination Agent, based upon the making of filings with governmental or self-regulatory agencies or such other information as the Determination Agent deems relevant.

  • Tender Offer Date means, in respect of a Tender Offer, the date on which voting Shares in the amount of the applicable percentage threshold are actually purchased or otherwise obtained (as determined by the Calculation Agent).

  • Tender Offer Documents means the documents provided to the holders of the Auction Preferred Shares by or on behalf of the Fund in connection with the Tender Offer.

  • Offer Acceptance Time is defined in Section 1.1(h) of the Agreement.

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.

  • Net Proceeds Offer Trigger Date has the meaning set forth in Section 4.16.

  • Major facility means any facility or activity classified as such by the regional administrator in conjunction with the board.

  • Hostile Tender Offer means, with respect to the use of proceeds of any Note, any offer to purchase, or any purchase of, shares of capital stock of any corporation or equity interests in any other entity, or securities convertible into or representing the beneficial ownership of, or rights to acquire, any such shares or equity interests, if such shares, equity interests, securities or rights are of a class which is publicly traded on any securities exchange or in any over-the-counter market, other than purchases of such shares, equity interests, securities or rights representing less than 5% of the equity interests or beneficial ownership of such corporation or other entity for portfolio investment purposes, and such offer or purchase has not been duly approved by the board of directors of such corporation or the equivalent governing body of such other entity prior to the date on which the Company makes the Request for Purchase of such Note.

  • Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

  • Cash-Out Refinancing A Refinanced Mortgage Loan the proceeds of which were in excess of the principal balance of any existing first mortgage on the related Mortgaged Property and related closing costs, and were used to pay any such existing first mortgage, related closing costs and subordinate mortgages on the related Mortgaged Property.

  • Exit Facilities means, collectively, the Exit ABL Facility and the Exit Term Loan Facility.

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.

  • Initial Offer Period means the period determined by the Directors during which Shares of any class are offered by the ICAV for purchase or subscription at the Initial Price.

  • Net Proceeds Offer Payment Date has the meaning set forth in Section 4.16.

  • Offer Deadline means the exact date and time when no Offer submitted thereafter may be considered or accepted by District.

  • Borrower Solicitation of Discounted Prepayment Offers means the solicitation by any Company Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Term Loans at a discount to par pursuant to Section 2.05(a)(v)(D).

  • Final Offer means the offer on which a resource was dispatched by the Office of the Interconnection for a particular clock hour for the Operating Day. Final RTO Unforced Capacity Obligation:

  • Permitted Offer An Offer (i) pursuant to the terms of which the offeror offers to acquire a debt obligation (including a Collateral Obligation) in exchange for consideration consisting solely of Cash in an amount equal to or greater than the full face amount of such debt obligation plus any accrued and unpaid interest and (ii) as to which the Collateral Manager has determined in its reasonable commercial judgment that the offeror has sufficient access to financing to consummate the Offer.

  • Exit Financing means the financing under the Exit Facility.

  • Net Proceeds Offer has the meaning provided in Section 4.16.

  • Exit Facility Documents means the Exit Facility, the Exit Facility Commitment Letter, and any other guarantee, security, and relevant documentation with respect to the Exit Facility, each in form and substance acceptable to the Debtors and the Requisite Creditors.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include: