Revolver Real Property Acquisition Loans definition

Revolver Real Property Acquisition Loans means a Borrowing (or a portion of a Borrowing) of the Revolving Loans the proceeds of which are used solely to fund the acquisition by any Subsidiary Guarantor of additional Real Property and to pay the actual and reasonably estimated reasonable fees and out-of-pocket costs and expenses related thereto.
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Revolver Real Property Acquisition Loans is defined in Section 4.10.
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Examples of Revolver Real Property Acquisition Loans in a sentence

  • The obligations of each Revolving Lender to make Revolver Real Property Acquisition Loans during the Revolving Availability Period shall be subject to the fulfillment of each of the conditions precedent set forth in Section 5.3 and in this Section 5.2.5 to the satisfaction of the Administrative Agent.

  • During the Multi-Draw Term Loan Availability Period, within five (5) Business Days (or such later date as the Administrative Agent shall agree in its sole discretion but, in any event, within 90 days) of the aggregate outstanding principal amount of the Revolver Real Property Acquisition Loans equaling $5,000,000, the Borrower shall repay all such outstanding Revolver Real Property Acquisition Loans.

  • The proceeds of any Incremental Term Loans shall be used solely to (a) finance acquisitions by any Subsidiary Guarantor of additional Domestic Real Property (along with actual and reasonably estimated costs and expenses related thereto); (b) to refinance Revolver Real Property Acquisition Loans, (c) to reimburse any Subsidiary Guarantor for any Equity Funded Acquisition.

  • Notwithstanding clause (iii) of this Section 2.1.1(f), during the Multi-Draw Term Loan Availability Period, Borrowings to repay the outstanding principal amount of the Revolver Real Property Acquisition Loans must be in a minimum amount of $3,000,000.

  • Notwithstanding clause (iii) of this Section 2.1.1(f), during the Multi-Draw Term Loan Availability Period, Borrowings to repay the outstanding principal amount of the Revolver Real Property Acquisition Loans must be in a minimum amount of $5,000,000.

Related to Revolver Real Property Acquisition Loans

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Existing Loan means the loan identified on Exhibit H.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Permitted Acquisition Consideration means in connection with any Permitted Acquisition, the aggregate amount (as valued at the Fair Market Value of such Permitted Acquisition at the time such Permitted Acquisition is made) of, without duplication: (a) the purchase consideration paid or payable in cash for such Permitted Acquisition, whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and including any and all payments representing the purchase price and any assumptions of Indebtedness and/or Guarantee Obligations, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any Person or business and (b) the aggregate amount of Indebtedness incurred or assumed in connection with such Permitted Acquisition; provided, in each case, that any such future payment that is subject to a contingency shall be considered Permitted Acquisition Consideration only to the extent of the reserve, if any, required under GAAP (as determined at the time of the consummation of such Permitted Acquisition) to be established in respect thereof for the Borrower or its Restricted Subsidiaries.

  • Term Loan as defined in Section 2.1.

  • Second Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the Second Lien Credit Agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • New Term Loans as defined in Section 2.24.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement;

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).