Cantera Acquisition definition
Examples of Cantera Acquisition in a sentence
The transactions contemplated by the Cantera Acquisition Documents shall be consummated simultaneously with the closing of the initial Loans hereunder in all material respects in accordance with the terms and conditions of each of the Cantera Acquisition Documents as heretofore reviewed by the Agent and as certified by the Borrower without any material amendment or waiver by the Loan Parties not consented to by the Agent.
The Loan Parties will use the Letters of Credit and the proceeds of the Loans only for (i) general corporate purposes and for working capital, (ii) to finance the Cantera Acquisition, (iii) to finance Permitted Acquisitions, or (iv) to repay and terminate Indebtedness outstanding under Prior Credit Agreement.
The proceeds of the Term Loans shall be used for financing a portion of the Cantera Acquisition, for fees and expenses related to the Acquisition and otherwise in accordance with Section 8.1.9 [Use of Proceeds].
Each Loan Party and each Subsidiary of each Loan Party has good and sufficient title to or valid leasehold interest in all properties, assets and other rights that are reflected as owned or leased on its most recent audited balance sheet, free and clear of all Liens and encumbrances except Permitted Liens, and subject to the terms and conditions of the applicable leases and subject to certain consents to be obtained with regard to the Cantera Acquisition.
Within one hundred eighty (180) days of any receipt of funds resulting from any purchase price adjustment involving more than $5,000,000 on account of the Cantera Acquisition or any other Acquisition (a “Purchase Price Adjustment”), the Borrower shall make a mandatory prepayment of principal on the Term Loan equal to such Purchase Price Adjustment, together with accrued interest on such principal payment.
Required Lenders hereby consent to Cantera’s initial Investments in Bighorn and Fort Union as of the First Amendment Effective Date in connection with the consummation of the Cantera Acquisition.
The proceeds of the Revolving Credit Loans shall be used to provide a portion of the purchase price for the Cantera Acquisition and otherwise in accordance with Section 8.1.9 [Use of Proceeds].