Examples of Acquisition Revolving Commitment in a sentence
The Company shall pay to the Agent for the account of each Bank a commitment fee on the average daily unused portion of such Bank's W/C Revolving Commitment and Acquisition Revolving Commitment, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter based upon the average daily utilization for that quarter as calculated by the Agent, equal to the Applicable Margin.
The Company may, upon not less than three Business Days' prior notice to the Agent, terminate the W/C Revolving Commitment or the Acquisition Revolving Commitment in full but not in part as long as such termination is accompanied by the simultaneous prepayment in full of all outstanding W/C Revolving Loans and Acquisition Revolving Loans, respectively, and the termination, or Cash Collateralization, of all outstanding L/C Obligations.
Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Acquisition Revolving Commitment Termination Date.
Once terminated in accordance with this Section, the W/C Revolving Commitment and the Acquisition Revolving Commitment may not be reinstated.
Such commitment fee shall accrue in the case of the W/C Revolving Commitment and the Acquisition Revolving Commitment, from the Closing Date to the Revolving Termination Date and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter commencing on December 31, 1997 through the Revolving Termination Date, with the final payment to be made on the Revolving Termination Date.
Within the limits of each Bank's Acquisition Revolving Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this subsection 2.1(a), prepay under Section 2.5 and reborrow under this subsection 2.1(a).
Xxxxx Title: Director By: /s/ Xxxxxxx Xxxxxx Name: Xxxxxxx Xxxxxx Title: Vice President JPMORGAN CHASE BANK, N.A., as a New Revolving Lender By: /s/ Xxxxxxx Xxxx Name: Xxxxxxx Xxxx Title: Executive Director Address: XX Xxxxxx 0000 Xxxx Xxx 3rd Floor Dallas, Texas 75225 Acquisition Revolving Commitment: $50,098,860.09 Working Capital Revolving Commitment: $24,901,139.91 BBVA USA, as a New Revolving Lender By: /s/ Xxxx X.
Xxxxxxx, Xxxxx 00000 Acquisition Revolving Commitment: $33,399,240.06 Working Capital Revolving Commitment: $16,600,759.94 ACKNOWLEDGED AND AGREED: DEUTSCHE BANK AG, NEW YORK BRANCH, as Swingline Lender and an Issuing Bank By: /s/ Xxxx X.
Any interest, fees and other payments accrued to the Effective Date with respect to the Acquisition Revolving Commitment [and the related Acquisition Revolving Loans] , and the W/C Revolving Commitment [and the related W/C Revolving Loans] [and the corresponding Swingline Loans and L/C Obligations] shall be for the account of the Assignor.
During the Acquisition Revolving Commitment Period the Borrower may use the Acquisition Revolving Commitments by borrowing, prepaying the Acquisition Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.