Common use of Concurrent Transactions Clause in Contracts

Concurrent Transactions. (i) The acquisition by AcquireCo, a Wholly Owned Subsidiary of the U.S. Borrower, of 100% of the Capital Stock of Xxxxxxx Canadian Properties LLC, the entity that owns 100% of the Capital Stock of Kildair (the “Kildair Acquisition”) shall have been, or shall be concurrently with the effectiveness hereof, consummated pursuant to the Kildair Acquisition Documentation and no provision thereof shall have been amended or waived, and no consent shall have been given thereunder, in any manner materially adverse to the interests of the Arrangers or the Lenders without the prior written consent of the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Sprague Resources LP), Credit Agreement (Sprague Resources LP), Security Agreement

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Concurrent Transactions. (i) The acquisition by AcquireCo, a Wholly Owned Subsidiary of the U.S. Borrower, of 100% of the Capital Stock of Xxxxxxx Canadian Properties LLC, the entity that owns 100% of the Capital Stock of Kildair (the “Kildair Acquisition”) shall have been, or shall be concurrently with the effectiveness hereof, consummated pursuant to the Kildair Acquisition Documentation and no provision thereof shall have been amended or waived, and no consent shall have been given thereunder, in any manner materially adverse to the interests of the Arrangers or the Lenders without the prior written consent of the Administrative Agent.. (ii) The Indebtedness outstanding under the Kildair Credit Agreement shall

Appears in 1 contract

Samples: Credit Agreement (Sprague Resources LP)

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