Bridge Loan Request definition
Examples of Bridge Loan Request in a sentence
The Bridge Loan Request shall also include copies of the purchase and sale agreement and any other documentation relevant to the acquisition being funded with the proceeds of the Bridge Loan.
Each Bridge Loan Request shall be irrevocable and binding on the Parent and shall obligate the Parent to accept the Bridge Loan requested from the Bank on the Drawdown Date.
During the Availability Period, to request a Bridge Loan, the Borrower shall notify Phoenix of such request (a “Bridge Loan Request”) by facsimile transmission, not later than 11:00 a.m., New York City time, five (5) Business Days before the date of the proposed Bridge Loan in the form attached hereto as Exhibit A; provided, however, that the Bridge Loan Request for the initial Bridge Loan may be provided to Phoenix one (1) Business Day before the date of the proposed Bridge Loan.
Prior to the Closing, if the Company makes a Bridge Loan Request pursuant to Section 8.06 of the Merger Agreement, Sponsor will (i) begin negotiating in good faith with regards to the terms referenced in Section 8.06 of the Merger Agreement and (ii) within ten (10) Business Days after receiving the Bridge Loan Request, and subject to the terms provided in Section 8.06 of the Merger Agreement, arrange for a Bridge Loan from the Sponsor (or an Affiliate of Acquiror or the Sponsor).