Gateway Portfolio Acquisition definition
Gateway Portfolio Acquisition shall have the meaning ascribed to such term in the First Amendment.
Gateway Portfolio Acquisition means the acquisition by Borrower of the Acquired Gateway Loans pursuant to the Gateway Portfolio Purchase Agreement.
Examples of Gateway Portfolio Acquisition in a sentence
All conditions precedent to the closing of the Gateway Portfolio Acquisition, including SBA approval therefor, shall have been satisfied (or, if acceptable to Lender, waived), other than the effectiveness of this First Amendment and the making of the advances by Lender pursuant hereto with respect to the Acquired Gateway Loans.
Subject to the terms and the satisfaction of the conditions precedent set forth in this First Amendment, Lender hereby consents to Borrower's consummation of the Gateway Portfolio Acquisition pursuant to the Gateway Portfolio Purchase Agreement, including Borrower's incurrence of the Indebtedness evidenced by the Gateway Non-Recourse Note.