Acquisition Sublimit definition

Acquisition Sublimit has the meaning set forth in subsection 2.4B(ii)(d).
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Acquisition Sublimit means at any time the Total Revolving Commitment at such time less $10,000,000.
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Acquisition Sublimit. That portion of the Revolving Commitment specifically allocated for use by Borrower to acquire Approved Acquisitions, in no event to exceed $45,000,000.00 in the aggregate.
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Examples of Acquisition Sublimit in a sentence

  • The portion of the Revolving Loan Commitments reserved to the Acquisition Sublimit under the preceding sentence may be used solely to finance a Permitted Acquisition consummated within 180-days of such reservation.

  • Upon, and to the extent of, any prepayment of the Term Loans pursuant to this clause (C), the Revolving Loan Commitments shall no longer be restricted by the Acquisition Sublimit.

  • Except as permitted by the previous sentence, amounts in the Existing Holdings Senior Notes Redemption Sublimit or any Acquisition Sublimit may not be reborrowed.

  • In addition, if on any date (after giving effect to any other payments on such date) the aggregate outstanding principal amount of Acquisition Loans exceeds the Acquisition Sublimit then in effect, the Borrower shall repay on such date that principal amount of Acquisition Loans in an aggregate amount equal to such excess.

  • In addition, the aggregate outstanding principal amount of all Acquisition Loans for all Banks at any time shall not exceed the Acquisition Sublimit at such time.

  • In addition, if on any date (after giving effect to any other payments on such date) the aggregate outstanding principal amount of Acquisition Loans exceeds the Acquisition Sublimit in effect, the Borrower shall repay on such date that principal amount of Acquisition Loans in an aggregate amount equal to such excess.

  • The Revolving Credit Commitment shall have a sublimit in the amount of Fifteen Million Dollars ($15,000,000.00) to finance working capital needs of the Borrower (the "Working Capital Sublimit"), and a sublimit in the amount of Ten Million Dollars ($10,000,000.00) for Acquisition purposes (the "Acquisition Sublimit").

  • An amount equal to the Advance under the Acquisition Sublimit with respect to any Approved Acquisition shall again be available for readvance under the Acquisition Sublimit when no portion of the Advance for such Approved Acquisition remains outstanding under the Acquisition Sublimit.

  • In addition (x) the aggregate outstanding principal amount of all Acquisition Loans for all Banks at any time shall not exceed the Acquisition Sublimit at such time and (y) the sum of (i) the aggregate outstanding principal amount of all Working Capital Loans for all Banks at any time plus (ii) the aggregate outstanding principal amount of all Swingline Loans at such time plus (iii) the Letter of Credit Outstandings at such time shall not exceed the Working Capital Sublimit at such time.

  • In addition the aggregate outstanding principal amount of all Acquisition Loans for all Banks at any time shall not exceed the Acquisition Sublimit at such time.


More Definitions of Acquisition Sublimit

Acquisition Sublimit means the $15 million portion of the Total Revolving Credit Commitment which may at any one time be borrowed for the purpose of making Permitted Acquisitions.
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Acquisition Sublimit appearing in Section 10 of the Credit Agreement is hereby amended by inserting the word "Available" immediately following the word "Total" appearing in said Section.
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Acquisition Sublimit means at any time $80,000,000 less the aggregate Scheduled RF Reductions required to have been made to and including such time.
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Acquisition Sublimit means up to Twenty Million and no/100 ($20,000,000.00) Dollars to be used specifically to finance the acquisition of Persons meeting the criteria set forth herein.
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Related to Acquisition Sublimit

  • L/C Sublimit has the meaning ascribed to it in Annex B.

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Swingline Sublimit means an amount equal to the lesser of (a) $5,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • L/C Issuer Sublimit means with respect to each L/C Issuer, such amount as may be separately agreed between such L/C Issuer and the Borrower from time to time (with specific notice of such amount, and any change thereto, with respect to each L/C Issuer being promptly communicated to the Administrative Agent), provided that the L/C Issuer Sublimit with respect to any Person that ceases to be an L/C Issuer for any reason pursuant to the terms hereof shall be $0 (subject to the Letters of Credit of such Person remaining outstanding in accordance with the provisions hereof).

  • Sublimit means the aggregate amount of Warehousing Advances (expressed as a dollar amount or as a percentage of the Warehousing Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.