A Acquisition Loan definition
Examples of A Acquisition Loan in a sentence
On the first anniversary of the date of this Agreement, the aggregate principal amount of all Acquisitions Loans outstanding on such date (such Acquisition Loans outstanding as of such anniversary date are hereinafter referred to as the “Tranche A Acquisitions Loans” and the amount the Tranche A Acquisition Loans outstanding as of such anniversary date is hereinafter referred to as the “Tranche A Acquisition Loan Amount”) will convert to term loans and will begin to amortize as hereinafter described.
Borrower shall give Lender prior written ------------------- notice of a request for any Acquisition Loan, in the manner specified below, therein specifying the amount of the requested Borrowing, the proposed Funding Date and providing Lender with such information as Lender may request in order to determine the Tranche A Acquisition Loan Amount and the Tranche B Acquisition Loan Amount, respectively, for such Acquisition Loan.
Each such principal payment shall equal two and one-half percent (2.5%) of the Tranche A Acquisition Loan Amount, provided that, a final payment comprised of all principal and interest not sooner paid on the Tranche A Acquisition Loans shall be due and payable on Acquisition Loan Maturity Date.
Each Acquisition Loan shall be funded as two separate Loans, one ("Tranche A Acquisition Loan") in an amount equal to the -------------------------- Tranche A Acquisition Loan Amount determined with respect to such Acquisition Loan and the other ("Tranche B Acquisition Loan") in an amount equal to the -------------------------- Tranche B Acquisition Loan Amount determined with respect to such Acquisition Loan.
The aggregate amount of ---------------------------------------- the Tranche A Acquisition Loans will be repaid as follows: (a) in monthly installments payable on each Payment Date in an amount equal to the Tranche A Acquisition Loan Amortization Payment, plus accrued and unpaid interest; and (b) a final payment equal to all outstanding principal and accrued interest payable on the Termination Date.
Lender is hereby authorized to record each repayment of principal of each Tranche A Acquisition Loan and Tranche B Acquisition Loan in its books and records, such books and records constituting prima facie evidence of the accuracy of the information contained therein.