Initial Acquisition definition
Examples of Initial Acquisition in a sentence
At any time prior to a closing of the Initial Acquisition, this Agreement may be amended by a writing signed by all parties hereto.
The Initial Acquisition Fee payable to the Advisor in respect of an Investment shall be payable at the time such Investment is acquired.
The Initial Acquisition Fee payable to the Advisor in respect of an Investment shall be payable at the time such Investment is acquired in an amount determined as specified in the following table: Long term Net Leased Properties 2.5% of the aggregate Total Investment Cost B Notes, mortgage backed securities and Loans 1.0% of the sum of (x) the Average Equity Value, plus (y) the Acquisition Fees paid by CPA: 17 in respect of the Investment.
The Borrower shall not, nor shall it permit any of its Subsidiaries to, modify, amend, supplement or replace, any of the Initial Acquisition Instruments or the Private Placement Documents, in any respect that would adversely affect the Lenders or the Borrower's ability to perform the Obligations, without the prior written consent of the Administrative Agent and the Required Lenders.
If a Triggering Event has occurred, the Independent Directors may consider whether, after taking account of the overall performance of the Advisor during the past year, they wish to request that the Advisor refund all or a portion of the Initial Acquisition Fee paid by the Company in respect of such Investment, and if the Independent Directors make that request, the Advisor shall refund such amount to the Company within 60 days after receipt of such request.