Acquisition Financing Notes definition
Examples of Acquisition Financing Notes in a sentence
No amounts prepaid on the Acquisition Financing Notes or the Term Notes may be reborrowed, and any partial prepayments (whether voluntary or mandatory) shall be applied to the several installments of such Notes in the inverse order of maturity.
Mandatory prepayments of the Acquisition Financing Notes and Term Notes pursuant to this Section 3.7(b) shall be applied first to the Term Notes then outstanding (which application shall be made to the most recent Borrowing of Term Loans made to the Company and applied to the several installments thereon in the inverse order of maturity) and then to the Acquisition Financing Notes.
Promptly after the end of such 180-day period, the Company shall notify the Agent whether the Company or such Subsidiary has reinvested such Net Cash Proceeds in assets in a Permitted Line of Business, and to the extent such Net Cash Proceeds have not been so reinvested, the Company shall promptly prepay the Acquisition Financing Notes and Term Notes in the amount of such Net Cash Proceeds not so reinvested.
The amount of each such prepayment shall be applied first to the Term Notes then outstanding (which application shall be made to the most recent Borrowing of Term Loans made to the Company and applied to the several installments thereon in the inverse order of maturity) and then to the Acquisition Financing Notes.
If at any time Net Cash Proceeds remain after the prepayment of the Acquisition Financing Notes and Term Notes in full pursuant to Section 3.7(d) hereof, the Acquisition Financing Commitments and the Revolving Credit Commitments shall terminate by an amount equal to 100% of such excess proceeds (first to the Acquisition Financing Commitments until reduced to zero and then to the Revolving Credit Commitments).