Acquisition Instruments definition
Examples of Acquisition Instruments in a sentence
The Borrower shall not, nor shall it permit any of its Subsidiaries to, modify, amend, supplement or replace, any of the Initial Acquisition Instruments or the Private Placement Documents, in any respect that would adversely affect the Lenders or the Borrower's ability to perform the Obligations, without the prior written consent of the Administrative Agent and the Required Lenders.
No consents, licenses and approvals are required in accordance with applicable Legal Requirements, or in accordance with any document, agreement, instrument or arrangement to which the Borrower, the Guarantors, and their respective Subsidiaries is a party, in connection with the execution, delivery, performance, validity and enforceability of the Closing Date Acquisition Instruments.
The Administrative Agent shall be satisfied that the consummation of the Closing Date Acquisition does not contravene any law or any contractual restriction binding on or affecting the Borrower or any Subsidiary, the Sellers or any other party to the Closing Date Acquisition Instruments.
No party shall be entitled to terminate any of Acquisition Instruments in respect to the Exchange Property (as defined herein) and/or Movable Property (as defined herein) after Novation Agreement, Bills of Sale under section 4.4.2.2 and Certificates of Acceptance and Ownership Transfer 2 are approved and effective.
Each Selling Stockholder agrees to enter into a Consent to Assignment of Acquisition Instruments, in the form of Exhibit 5.8(a) hereto, pursuant to which such Selling Stockholder will agree that Purchaser's lenders may enforce Purchaser's remedies under this Agreement in the event of Purchaser's default under its loan agreements with such lenders.
The Borrower shall use the proceeds of the Advances to (a) fund the acquisition of the Acquisition Assets from the Sellers pursuant to the Closing Date Acquisition Instruments, (b) to finance the acquisition, exploration, development, maintenance and production of Oil and Gas Properties, (c) fund Restricted Payments which are permitted hereunder and (d) other working capital and general partnership purposes, including the cost of entering into any Hydrocarbon Hedge Agreements permitted hereby.
Each Selling Shareholder agrees to enter into a Consent to Assignment of Acquisition Instruments, in the form of Exhibit 5.8(a) hereto, pursuant to which such Selling Shareholder will agree that SAI's lenders may enforce SAI's remedies under this Agreement in the event of SAI's default under its loan agreements with such lenders.
The Borrower shall use the proceeds of the Advances to fund the acquisition of the Acquisition Assets from the Sellers pursuant to the Closing Date Acquisition Instruments.
The Administrative Agent shall be satisfied that the consummation of the Initial Acquisition does not contravene any law or any contractual restriction binding on or affecting the Borrower or any Subsidiary, APC or any other party to the Initial Acquisition Instruments.
The Eden Prairie Acquisition shall have been consummated or will be consummated concurrently with the Term Loan B Closing in accordance with the terms of the Eden Prairie Acquisition Instruments and applicable law.