Limited Condition Revolving Loans definition

Limited Condition Revolving Loans means Revolving Loans in an amount up to $500,000,000 made to finance in part the Target Acquisition and the other Target Acquisition Costs, which shall be subject only to the conditions set forth in Section 4.03.
Limited Condition Revolving Loans means those Revolving Loans made on the Delayed Draw Funding Date in an aggregate amount not to exceed $300,000,000 plus any additional amounts necessary to fund any purchase price adjustment pursuant to the terms of the Specified Purchase Agreement (as of Effective Date), to pay a portion of the cash consideration for the Specified Acquisition and related transaction expenses.
Limited Condition Revolving Loans means those Revolving Loans made on the Delayed Draw Funding Date in an aggregate amount not to exceed $300,000,000 plus any additional amounts necessary to fund any purchase price adjustment pursuant to the terms of the Specified Purchase Agreement (as of Effective Date), to pay a portion of the cash consideration for the Specified Acquisition and related transaction expenses. “Liquidity” means, at any time, the sum of (a) the Revolving Loan Commitments minus the sum of the aggregate principal amount of all Revolving Loans (for this purpose, using the Dollar Equivalent of each Revolving Loan denominated in a Primary Alternate Currency) and Swingline Loans (for this purpose, using the Dollar Equivalent of each Euro Denominated Swingline Loan) then outstanding plus the aggregate amount of all Letter of Credit Obligations at such time plus the aggregate principal amount of all AR Revolver Debt then outstanding plus (b) all unrestricted cash and cash equivalents held by Silgan and its Subsidiaries. “Loan” shall mean each US A Term Loan, each Incremental Term Loan, each Revolving Loan and each Swingline Loan. ““Local Time” shall mean the local time in effect at (x) the applicable Notice Office in the case of Notices of Borrowing, Notices of Conversions/Continuances and Letter of Credit Requests and (y) with respect to any Loans and Letters of Credit and payments in any AlternativeAlternate Currency, the place of settlement for such AlternativeAlternate Currency as may be determined by the Administrative Agent or the applicable Issuing Lender (with notice to the Administrative Agent), as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment. “London Banking Day” shall mean any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank market. “Majority Lenders” of any Tranche shall mean those Non-Defaulting Lenders which would constitute the Required Lenders under, and as defined in, this Agreement if all outstanding Obligations of the other Tranches under this Agreement were repaid in full and all Commitments with respect thereto were terminated. “Mandatory Borrowing” shall have the meaning provided in Section 2.01(h). “Manufacturing” shall have the meaning provided in the first paragraph of this Agreement. “Margin Reduction Period” shall mean each period which shall commence on a date on which the financial statements are deliver...

Examples of Limited Condition Revolving Loans in a sentence

  • Notwithstanding anything herein to the contrary, the Lenders’ obligation to make the Delayed Draw Term Loan and any Limited Condition Revolving Loans on the Delayed Draw Funding Date shall be subject only to the conditions in this Section 6.02 having been satisfied (or waived in accordance with Section 12.12).

  • The Administrative Agent shall have received a Borrowing Request for the Term Loans and the Limited Condition Revolving Loans to be funded on the Escrow Funding Date in accordance with Section 2.03 and 2.07.

Related to Limited Condition Revolving Loans