Acquisition Costs definition
Examples of Acquisition Costs in a sentence
If Loans are being borrowed to pay Equipment Acquisition Costs in respect of an Equipment Supply Agreement (other than Progress Payments), delivery to Administrative Agent documentation evidencing the delivery or anticipated delivery of (which may be a notice of prepayment provided by Borrower to the applicable Equipment Supplier), or the transfer of title to Borrower of, the Equipment that is the subject of such Borrowing.
Borrower has requested that the Lenders extend, and the Lenders have agreed to extend, on the terms and conditions set forth in this Agreement, a senior secured term loan facility in an aggregate principal amount not exceeding $165,000,000.00 for the purposes of paying Equipment Acquisition Costs and Financing Costs (defined herein), including interest payments due to be made hereunder by Borrower to Lenders on the Loans, and fees, expenses and transaction costs related thereto.
Borrower shall use the proceeds of the Loans to pay or fund, or cause to be paid or funded, Equipment Acquisition Costs (including the payment of certain Progress Payments) and Financing Costs, including interest and fee payments due to be made hereunder by Borrower to Lenders on the Loans.
Administrative Agent shall have received the budget (“Budget”) setting forth the anticipated Equipment Acquisition Costs, Progress Payments, the Financing Costs and such other information as Administrative Agent may reasonably require, together with a statement of uses and anticipated sources of funds necessary to pay the Equipment Acquisition Costs, Progress Payments and the Financing Costs, which Budget shall be satisfactory to Administrative Agent and the Lenders.
Unless otherwise applied by Administrative Agent pursuant to this Agreement, use all proceeds of the Loans (a) to pay or reimburse for Equipment Acquisition Costs and as otherwise contemplated in Section 2.1(e), (b) to pay Obligations (including interest payments due to be made hereunder by Borrower to Lenders on the Loans), (c) in accordance with the Funds Flow Memorandum delivered on the Closing Date and (d) to pay or reimburse Progress Payments.