Acquisition Loan Commitment definition

Acquisition Loan Commitment means for each Acquisition Loan Lender, its obligation to make Acquisition Loans to the Company in the designated currency and to acquire participations in Letters of Credit up to the amount set forth opposite such ▇▇▇▇▇▇’s name on Schedule 1.1

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Acquisition Loan Commitment means the commitment of the Lenders to make Acquisition Loans hereunder, as such commitment may be reduced from time to time pursuant to Section 2.16. The initial amount of the Lenders’ Acquisition Loan Commitment is $70,000,000. Each Lender’s Acquisition Loan Commitment is set forth on Schedule 2.01 or in the Assignment Assumption 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 Loan Commitment means for each Bank, its obligation to make Acquisition Loans to the Company up to the amount set forth opposite such Bank's name on Schedule I under the caption "Acquisition Loan Commitments" (as the same may be permanently terminated or reduced or increased from time to time pursuant to the applicable provisions in Sections 2.3(g)(iii), THIRD AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Examples of Acquisition Loan Commitment in a sentence

• Each Issuance of a Letter of Credit shall be deemed to utilize the Acquisition Loan Commitment of each Acquisition Loan Lender by an amount equal to the amount of such participation (including for the purpose of calculating fees payable pursuant to Section 5.4).

• The Floor Plan Loan Commitment Fees and the Acquisition Loan Commitment Fees due to each Lender shall commence to accrue on the Closing Date and cease to accrue on the earlier of the Maturity Date and the termination of the Commitments of such Lender pursuant to Section 5.5 or Section 13.3(b).

• The Commitment of any such New Lender shall be in an amount not less than $10,000,000, and such Commitment must be comprised of both a Floor Plan Loan Commitment and an Acquisition Loan Commitment, both in the same ratio with respect to the Total Floor Plan Loan Commitment and the Total Acquisition Loan Commitment.

• Following any such conversion or reversal, the amount of each Lender’s Acquisition Loan Commitment and Floor Plan Loan Commitment shall be noted on the Agent’s records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Agent to record any such information shall not affect the obligations of the Borrowers with respect thereto in accordance with the terms of this Agreement and the Loan Documents.

• Amounts borrowed under this subsection 2.1A(v) may be repaid and reborrowed to but excluding the Acquisition Loan Commitment Termination Date.

More Definitions of Acquisition Loan Commitment

Acquisition Loan Commitment means, with respect to each Bank, the amount set forth opposite such Bank's name in Schedule I hereto directly below the column entitled "Acquisition Loan Commitment," as the same may be (x) reduced or terminated from time to time pursuant to Section 2.02, 2.03, 3.02 and/or 9 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.12 or 12.04.

Acquisition Loan Commitment means the commitment of an Acquisition Lender to make Acquisition Loans to Company pursuant to subsection 2.1A(v), and "ACQUISITION LOAN COMMITMENTS" means such commitments of all Lenders in the aggregate.

Acquisition Loan Commitment shall have the meaning given such term in Section 2.3 hereof.

Acquisition Loan Commitment means, as to each Lender, the amount set forth opposite such Lender’s name on the portion of Schedule 2.01 describing the Acquisition Loan or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.

Acquisition Loan Commitment means (a) as to any Acquisition Loan Lender, the aggregate commitment of such Acquisition Loan Lender to make Acquisition Loan Advances as set forth on Annex J to the Agreement or in the most recent Assignment Agreement executed by such Acquisition Loan Lender and (b) as to all Acquisition Loan Lenders, the aggregate commitment of all Acquisition Loan Lenders to make Acquisition Loan Advances, which aggregate commitment shall be Ten Million Dollars ($10,000,000) on the Closing Date, as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.

Acquisition Loan Commitment means the commitment of the --------------------------- Lender to make Acquisition Loan Advances in an aggregate principal amount up to $25,000,000, as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.

Acquisition Loan Commitment means for each Acquisition Loan Lender, its obligation to make Acquisition Loans to the Company in the designated currency and to acquire participations in Letters of Credit up to the amount set forth opposite such Lender’s name on Schedule 1.1(a) under the caption “Acquisition Loan Commitments” (as the same may be permanently terminated or reduced or increased from time to time pursuant to the applicable provisions of Section 2.3(c)(iii), Section 3.4, Section 5.5, Section 5.18 or Section 11.2 or as such amount may be increased or decreased from time to time by an Assignment and Acceptance pursuant to Section 5.17 or Section 13.3(b)).