Common use of Acquisition Loan Commitment Clause in Contracts

Acquisition Loan Commitment. From time to time on any Business Day occurring prior to the Acquisition Loan Conversion Date, each Lender will make Loans (relative to such Lender, its "ACQUISITION LOANS") to the Borrower equal to such Lender's Percentage of the aggregate amount of the Borrowing of Acquisition Loans requested by the Borrower to be made on such day. The Commitment of each Lender described in this SECTION 2.1.2 is herein referred to as its "ACQUISITION LOAN COMMITMENT". On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Acquisition Loans prior to the Acquisition Loan Conversion Date.

Appears in 2 contracts

Sources: Credit Agreement (Cornerstone Propane Partners Lp), Credit Agreement (Cornerstone Propane Partners Lp)

Acquisition Loan Commitment. From On the terms and subject to the conditions of this Agreement, from time to time on any Business Day occurring prior to the Acquisition Loan Conversion Date, each Lender will make Loans (relative to such Lender, its "ACQUISITION LOANS") to the Borrower equal to such Lender's Percentage of the aggregate amount of the Borrowing of Acquisition Loans requested by the Borrower to be made on such day. The Commitment of each Lender described in this SECTION 2.1.2 is herein referred to as its "ACQUISITION LOAN COMMITMENT". On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Acquisition Loans at any time prior to the Acquisition Loan Conversion Date.

Appears in 1 contract

Sources: Refunding Credit Agreement (Cornerstone Propane Partners Lp)