Acquisition Loan Facility. Proceeds of each Acquisition Loan ------------------------- shall be used by the Borrower to finance an Acquisition which is permitted to be made without the consent of the Lender under the provisions of Section 6.12.2(ii) or which has been approved by the Lender in accordance with the provisions of Section 6.12.2(iii).
Acquisition Loan Facility. (i) Subject to the terms and conditions hereof, each Acquisition Lender agrees to make available to Borrowers from time to time until the Commitment Termination Date its Pro Rata Share of advances (each, an “Acquisition Loan Advance”). The Pro Rata Share of the Acquisition Loan of any Acquisition Lender shall not at any time exceed its separate Acquisition Loan Commitment. The obligations of each Acquisition Lender hereunder shall be several and not joint. Until the Commitment Termination Date, Borrowers may from time to time borrow, repay and reborrow under this Section 1.1(b); provided that the amount of any Acquisition Loan Advance to be made at any time shall not exceed Acquisition Loan Borrowing Availability at such time.
Acquisition Loan Facility. Lender hereby agrees to make available to Borrower, in Lender’s discretion, one or more loans to be used for the acquisition by Borrower of one or more business entities and/or such entities’ stock or assets (each an “Acquisition Loan”) on or after the date hereof to Borrower, subject to the terms and conditions of this Agreement and the Acquisition Note. Nothing in this Agreement shall be construed to as an obligation or commitment of Lender to make any such Acquisition Loan, and the making of any Acquisition Loan shall be in the sole and absolute discretion of Lender.
Acquisition Loan Facility. Subject to and upon the provisions of this Agreement, the Lender establishes an acquisition loan facility in the maximum principal amount of Seven Hundred Fifty-one Thousand Dollars ($751,000) (the "Acquisition Loan Committed Amount") in favor of the Borrowers. The Acquisition Loan Committed Amount will
Acquisition Loan Facility. Proceeds of the Acquisition Loan Facility shall be used by Borrowers solely for the purpose of paying down Advances under the Revolving Credit Facility which were incurred in the Borrowers' acquisition of the ownership of GSC (and its subsidiaries) and the refinancing of equipment owned by GSC.
Acquisition Loan Facility. (a) After the Closing Date and prior to the Acquisition Loan Facility Termination Date, the Lender agrees, on the terms and conditions set forth in this Agreement, to make acquisition loans to the Borrower from time to time (each individually an "Acquisition Loan" and, collectively, the "Acquisition Loans") in amounts not to exceed in the aggregate the amount of the Acquisition Loan Commitment. No portion of any Acquisition Loan may be reborrowed once it is repaid. The obligation of the Lender to make Acquisition Loans under the Acquisition Loan Facility shall expire on the Acquisition Loan Facility Termination Date.
Acquisition Loan Facility. The Acquisition Term Loan made on ------------------------- each of the Acquisition Loan Facility Conversion Dates shall be payable as to principal in thirty-six (36) consecutive monthly payments, which shall be due on each Payment Date commencing on the first Payment Date occurring after the applicable Acquisition Loan Facility Conversion Date and continuing on each Payment Date thereafter, with each installment (except the final installment due at maturity) to be in the aggregate principal amount equal to one-sixtieth (1/60th) of the applicable Acquisition Loan Facility Conversion Balance and with the final installment due at maturity to be equal to the then outstanding principal balance of such Acquisition Term Loan.
Acquisition Loan Facility. Subject to and upon the provisions of this Agreement, the Lender establishes an acquisition loan facility in the maximum principal amount of Ten Million Dollars ($10,000,000) ("Acquisition Loan Committed Amount") in favor of the Borrowers. The aggregate of all advances under the Acquisition Loan Facility are sometimes referred to in this Agreement collectively as the "Acquisition Loan". The obligation of the Lender to make advances under the Acquisition Loan is herein called its "Acquisition Loan Commitment".
Acquisition Loan Facility. After the Closing Date and prior to the Acquisition Loan Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make acquisition loans to the Borrower from time to time (each individually an "Acquisition Loan" and, collectively, the "Acquisition Loans") in amounts not to exceed in the aggregate the amount of its Acquisition Loan Commitment. Each Advance under the Acquisition Loan Facility shall consist of Acquisition Loans made by the Lenders ratably in proportion to each Lender's Pro Rata Share of the Aggregate Acquisition Loan Commitment, and at no time shall the aggregate principal amount of all Acquisition Loans at any time made hereunder exceed the Aggregate Acquisition Loan Commitment. No Lender shall be responsible for any failure by any other Lender to perform its obligation to make an Acquisition Loan hereunder nor shall the Acquisition Loan Commitment of any Lender be increased or decreased as a result of any such failure. No portion of any Acquisition Loan may be reborrowed once it is repaid. The Acquisition Loan Commitments of the Lenders shall expire on the Acquisition Loan Facility Termination Date.
Acquisition Loan Facility. The Acquisition Term Loans made on either of the Acquisition Loan Facility Conversion Dates shall be payable as to principal in sixty (60) consecutive monthly payments, which shall be due on each Payment Date commencing on the first Payment Date occurring after the applicable Acquisition Loan Facility Conversion Date and continuing on the last day of each calendar month thereafter, with each installment to be in the aggregate principal amount equal to one-sixtieth (1/60th) of the applicable Acquisition Loan Facility Conversion Balance. The Acquisition Term Loans made on the Acquisition Loan Facility Termination Date shall be payable as to principal in forty-eight (48) consecutive monthly payments, which shall be due on each Payment Date commencing on the first Payment Date occurring after the Acquisition Loan Facility Termination Date and continuing on the last day of each calendar month thereafter, with each installment to be in the aggregate principal amount equal to one forty-eighth (1/48th) of the applicable Acquisition Loan Facility Conversion Balance.
