Acquisition Facility Commitment at any date, as to any Acquisition Facility Lender, the obligation of such Acquisition Facility Lender to make Acquisition Facility Loans to the Borrower pursuant to Section 2.4 and to participate in Acquisition Facility Letters of Credit in an aggregate principal and/or face amount at any one time outstanding not to exceed the amount set forth opposite such Acquisition Facility Lender’s name on Schedule 1.0 under the caption “Acquisition Facility Commitment” or, as the case may be, in the Assignment and Acceptance pursuant to which such Acquisition Facility Lender becomes a party hereto, as such amount may be changed from time to time in accordance with the terms of this Agreement. As of the Closing Date, the original aggregate amount of the Acquisition Facility Commitments is $250,000,000.
Acquisition Facility Commitment means, as to each Lender, its obligation to (a) make Acquisition Facility Loans to the Company pursuant to Section 2.01(b) and (b) purchase participations in the Acquisition Facility Letter of Credit, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender's name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable as such amount may be adjusted from time to time in accordance with this Agreement.
Acquisition Facility Commitment means, with respect to any Lender, a portion of the Revolving Loans which may be advanced as Acquisition Facility Loans, evidencing the amount of its commitment to make Acquisition Facility Loans (all such loans being Revolving Loans), as modified from time to time pursuant to the terms hereof, not to exceed $70,000,000 in the aggregate."
Examples of Acquisition Facility Commitment in a sentence
During the Acquisition Facility Commitment Period, the Borrowers may borrow, prepay the Acquisition Facility Loans in whole or in part, and reborrow Acquisition Facility Loans, all in accordance with the terms and conditions hereof.
As part of the Plan Supplement, the SPA Investors, on behalf of themselves and/or other commitment parties, shall provide the Acquisition Facility Commitment.
During the Acquisition Facility Commitment Period, each Borrower may borrow, prepay the Acquisition Facility Loans in whole or in part, and reborrow Acquisition Facility Loans, all in accordance with the terms and conditions hereof.
Effective upon the Increase Effective Date, the [Working Capital Facility] [Acquisition Facility] Commitment for each Increasing Lender and each New Lender shall be as set forth on Schedule 1.01.
Under the July 23, 2015 Credit Agreement,3 the total Acquisition Facility Commitment was $30 million, and the total Working Capital Commitment was $20 million from a combination of four lenders.
More Definitions of Acquisition Facility Commitment
Acquisition Facility Commitment at any date, as to any Acquisition Facility Lender, the obligation of such Acquisition Facility Lender to make Acquisition Facility Loans to the Borrowers pursuant to Section 2.3 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Acquisition Facility Lender’s name on Schedule 1.0 under the caption “Acquisition Facility Commitment” or, as the case may be, in the Assignment and Acceptance or Increase and New Lender Agreement pursuant to which such Acquisition Facility Lender becomes a party hereto, as such amount may be changed from time to time in accordance with the terms of this Agreement. As of the Closing Date, the original aggregate amount of the Acquisition Facility Commitments is $55,000,000.
Acquisition Facility Commitment means, for each Lender, the obligation of such Lender to make Acquisition Facility Loans not exceeding the amount set forth on Exhibit B to this Agreement opposite its name thereon under the heading "Acquisition Facility Commitment" or in the Assignment Agreement by which it became a Lender, as such amount may be modified from time to time pursuant to the terms of this Agreement or to give effect to any applicable assignment and acceptance.
Acquisition Facility Commitment set forth in Section 1 of the Agreement is amended and restated to read in its entirety as follows:
Acquisition Facility Commitment at any date, as to any Acquisition Facility Lender, the obligation of such Acquisition Facility Lender to make Acquisition Facility Loans to the Borrowers pursuant to Section 2.4 and to participate in Acquisition Facility Letters of Credit in an aggregate principal and/or face amount at any one time outstanding not to exceed the amount set forth opposite such Acquisition Facility Lender’s name on Schedule 1.0 under the caption “Acquisition Facility Commitment” or, as the case may be, in the Assignment and Acceptance pursuant to which such Acquisition Facility Lender becomes a party hereto, as such amount may be changed from time to time in accordance with the terms of this Agreement. As of the RestatementFirst Amendment Effective Date, the original aggregate amount of the Acquisition Facility Commitments is $430,000,000450,000,000. “Acquisition Facility Commitment Percentage”: as to any Acquisition Facility Lender at any time, the percentage which such Acquisition Facility Lender’s Acquisition Facility Commitment then constitutes of the aggregate Acquisition Facility Commitments of all Acquisition Facility Lenders at such time (or, at any time after the Acquisition Facility Commitments shall have expired or terminated, such Acquisition Facility Lender’s Acquisition Facility Credit Exposure Percentage). “Acquisition Facility Commitment Period”: the period from and including the Restatement Effective Date to but not including the Acquisition Facility Commitment Termination Date or such earlier date on which all of the Acquisition Facility Commitments shall terminate as provided herein. “Acquisition Facility Commitment Termination Date”: May 19, 20222023, or, if such date is not a Business Day, the next preceding Business Day. “Acquisition Facility Credit Exposure”: as to any Acquisition Facility Lender at any time, the Available Acquisition Facility Commitment of such Acquisition Facility Lender plus, the amount of the Acquisition Facility Extensions of Credit of such Acquisition Facility Lender. “Acquisition Facility Credit Exposure Percentage”: as to any Acquisition Facility Lender at any time, the fraction (expressed as a percentage), the numerator of which is the Acquisition Facility Credit Exposure of such Acquisition Facility Lender at such time and the denominator of which is the aggregate Acquisition Facility Credit Exposures of all of the Acquisition Facility Lenders at such time. “Acquisition Facility Extensions of Credit”: at any date, as to any A...
Acquisition Facility Commitment means the commitment by the ------------------------------- Bank to make direct loan advances to any Borrower to fund any of the approved purposes for which the Acquisition Facility was established, in the aggregate principal amount at any one time outstanding not to exceed United States Five Million Dollars (U.S. $5,000,000).
Acquisition Facility Commitment. $[●] [●], as a [New Revolving][Increasing] Lender By: Name: Title: Address: [●] [●] Attention: [●] Telephone: [●] Facsimile: [●] EXHIBIT M TO CREDIT AGREEMENT FORM OF PERFECTION CERTIFICATE Please see attached. EXECUTION VERSION PERFECTION CERTIFICATE The undersigned are officers of Cypress Energy Partners, L.P., a Delaware limited partnership (“Cypress Energy”), Cypress Energy Partners – TIR, LLC, a Delaware limited liability company (“CEP-TIR”), Cypress Energy Partners, LLC, a Delaware limited liability company (“CEP LLC”) and Tulsa Inspection Resources, LLC, a Delaware limited liability company (“TIR” and together with Cypress Energy, CEP LLC and CEP-TIR, the “Borrowers ”), and each of the Borrower’s respective Subsidiaries 1 other than the Excluded Subsidiaries as of the Closing Date (collectively, the “Credit Parties”). Capitalized terms used herein and not otherwise defined herein have the meanings assigned to them in that certain Credit Agreement dated as of December 24, 2013 (the “Credit Agreement”), by and among the Credit Parties, each additional Borrower that becomes a party thereto, Deutsche Bank AG, New York Branch, as Collateral Agent, Deutsche Bank Trust Company Americas, as Administrative Agent, and the financial institutions parties thereto as Lenders. The undersigned hereby certify, represent and warrant all of the following information provided in this Perfection Certificate (this “Perfection Certificate”) is true, complete and correct in all respects:
Acquisition Facility Commitment set forth in Annex A of the Credit Agreement is hereby amended and restated in its entirety to read as follows: