Acquisition Line definition

Acquisition Line is an Acquisition Advance or Acquisition Advances in an aggregate amount not to exceed Ten Million Dollars ($10,000,000).”

Acquisition Line means the $40,000,000 non-revolving line of credit extended by the Lender to Advocat for the sole purpose of acquisitions of healthcare related facilities, pursuant to a Commitment Letter accepted October 22, 1996.

Acquisition Line has the meaning described in Section 2.2.1 (Acquisition Line Facility).

Examples of Acquisition Line in a sentence

• All references to the "Short-term Acquisition Line Maturity Date" contained in the Short-term Acquisition Notes shall mean the Short-term Acquisition Line Maturity Date as defined in the Credit Agreement, as hereby amended.

• All references to the "Long-term Acquisition Line Maturity Date" contained in the Long-term Acquisition Notes shall mean the Long-term Acquisition Line Maturity Date as defined in the Credit Agreement, as hereby amended.

• The Financing Agreement provides for some of the agreements between the Borrowers and the Lender with respect to the “Loans” (as defined in the Financing Agreement), including (i) a revolving credit facility in the maximum principal amount of $25,000,000 and (ii) an Acquisition Line under which an advance evidenced by an Acquisition Line Term Note is outstanding and no further advances are to be made.

• Pursuant to the terms of the First Amendment, Lender agreed to provide credit facilities to the Company in an aggregate principal amount of up to $14,000,000, consisting of an Acquisition Line with a maximum credit limit of $5,700,000, an Accommodation Line with a maximum credit limit of $2,300,000, and a Working Capital Credit Line with a maximum credit limit of $6,000,000.

• The Loan Documents, and the collateral granted to the Bank therein, shall secure the Loan (as defined in the Loan Agreement) made pursuant to the Loan Agreement, as amended, and the payment and performance of the Acquisition Line of Credit, as amended.

More Definitions of Acquisition Line

Acquisition Line means as to each Bank, the nonrevolving line of credit to be made available to Holdings by such Bank pursuant to Section 3.1.

Acquisition Line means the $100 million revolving credit line under a credit agreement dated as of September 17, 2010, among Aviv Financing I, L.L.C., as the parent borrower, the other borrowers named therein, General Electric Capital Corporation, as administrative agent and a lender, and the other lenders named therein.

Acquisition Line means the loan facility under the credit agreement, dated February , 1997, between the Company and the Frost National Bank for the purpose of acquisitions of assets or businesses, as amended, modified, supplemented, extended, restated or renewed from time to time.

Acquisition Line means a credit extension of up to Twelve Million Dollars ($12,000,000).

Acquisition Line means the line of credit provided by the Bank pursuant to Section 2.1(a) hereof.

Acquisition Line as defined in Section 2.1.

Acquisition Line shall have the meaning assigned such term in Section 2.5 of this Agreement.