Bridge Loan Commitment Letter definition
Examples of Bridge Loan Commitment Letter in a sentence
The Arrangers party to the Bridge Commitment Letter shall have received from Borrower a bridge reduction notice stating that this Agreement constitutes a “Qualifying Term Loan Facility” (as defined in the Bridge Loan Commitment Letter).
In addition, Parent has received, executed and delivered a commitment letter, dated as of July 21, 2006 (the “Equity Commitment Letter” and together with the Senior Bank and Bridge Loan Commitment Letter, the “Financing Letters”) from One Equity Partners II, L.P. (“OEP”) pursuant to which OEP has committed, subject to the terms and conditions set forth therein, to provide to Parent an aggregate of $368.2 million in cash in exchange for shares of capital stock of Parent (the “Equity Financing”).
Parent, Acquisition and the Company agree that the Senior Bank and Bridge Loan Commitment Letter, which has been approved by each such party prior to the execution of this Agreement, shall not be amended after the execution of this Agreement in any manner that might materially adversely affect the consummation of the Merger.
Parent shall give the Company prompt written notice of any material breach by any party of the Senior Debt and Bridge Loan Commitment Letter of which it has knowledge or any termination of the Senior Debt and Bridge Loan Commitment Letter.
As of the date of this Agreement, the Bridge Loan Commitment Letter contains all of the conditions precedent to the obligations of the Commitment Parties (as such term is defined in the Bridge Loan Commitment) to make the full amount of the Bridge Loan available to Post on the terms therein.
As of the date of this Agreement, the Bridge Loan Commitment Letter is in full force and effect and each of the Bridge Loan Commitment Letter and the Permanent Loan Letters have not been withdrawn, terminated, repudiated, rescinded, supplemented, amended or modified, and no terms thereunder have been waived.
In addition, Parent has received a commitment letter, dated as of March 20, 2004 (together with the Senior Bank and Bridge Loan Commitment Letter, the “Financing Letters”) from WCAS pursuant to which WCAS has committed, subject to the terms and conditions set forth therein, to provide to Parent an aggregate $304,100,000 in cash and 1,601,228 shares of Company Common Stock in exchange for shares of stock of Parent.
Post or 8th Avenue, as applicable, shall give the Investor prompt notice if at any time for any reason it believes in good faith that Post will not be able to obtain all or any portion of the Bridge Loan substantially on the terms set forth in the Bridge Loan Commitment Letter, or if ▇▇▇ ▇▇▇▇▇▇ will not be able to obtain all or any portion of the Permanent Loan substantially on the terms set forth in the Permanent Loan Term Sheet.
Evidence reasonably acceptable to KeyBank and SunTrust Bank that their respective commitments made pursuant to the Bridge Loan Commitment Letter have terminated or been cancelled, and are of no further force and effect.