Acquisition Facility definition

Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

Acquisition Facility means, at any time, the aggregate amount of the Acquisition Lenders' Acquisition Commitments at such time.

Acquisition Facility means a syndicated or bilateral term loan credit facility entered into by the Borrower with a commercial lender or lenders or multilateral finance agency in connection with financing the acquisition by the Borrower, or a Subsidiary thereof, of, or a merger by the Borrower, or a Subsidiary thereof, with, an entity whose total consolidated assets represent at least 25% of the Borrower’s total consolidated assets prior to such acquisition or merger, in each case as at the end of its most recently completed fiscal quarter, provided that such credit facility shall cease to be an Acquisition Facility if the proceeds thereof are applied towards anything other than in connection with the financing of such acquisition or merger.

Examples of Acquisition Facility in a sentence

• Borrowings under the Aircraft Acquisition Facility are secured by (i) the equity ownership and beneficial interests in B&B Air Acquisition and its subsidiaries, and (ii) a security interest in the underlying aircraft and related leases.

• Agility Mayan has agreed to provide Bidco with funds received under the Acquisition Facility Agreement to the extent necessary to pay the cash consideration payable by Bidco to Menzies Shareholders under the terms of the Acquisition.

• The Acquisition Facility was used to fund the acquisition of the Trans Mountain Pipeline entities.

• In addition to the cash balances, we have a $25 million Revolver available to be drawn to meet ongoing working capital requirements and $20 million (uncommitted) remaining on the Acquisition Facility for acquisitions.

• The cash paid for acquisitions was financed primarily with the HOLP Senior Revolving Acquisition Facility.

More Definitions of Acquisition Facility

Acquisition Facility means the loan facility of the Operating Partnership provided for in the Credit Agreement for the purpose of financing acquisitions.

Acquisition Facility has the meaning specified in Section 2.1.1(b).

Acquisition Facility means the Credit Facility described in Section 2.1(b) of this Agreement.

Acquisition Facility means the agreement of the Banks herein to make the Acquisition Loan.

Acquisition Facility means the acquisition revolving credit facility of the Company provided for in the Credit Agreement for the purpose of financing acquisitions and improvements and repairs in the aggregate principal amount not to exceed $50,000,000."

Acquisition Facility set forth in Section 10B of the Outstanding 1997 Agreement is hereby deleted and the phrase "the Contracted Dollar" shall be substituted therefor.

Acquisition Facility set forth in Section 10B of the Outstanding 1996 Agreement is hereby deleted and "$30,000,000" shall be substituted therefor.