Subject Acquisitions definition
Examples of Subject Acquisitions in a sentence
There shall be no lawsuit, injunction, order or similar legal proceeding or process existing that challenges or seeks to challenge the validity or consummation of any of any the Subject Acquisitions, or otherwise relating to any of the Subject Acquisitions or any of the Subject Acquisition Documents.
All conditions to the closing of the Subject Acquisitions as set forth in the Subject Acquisition Agreements (other than the payment of the cash consideration due at closing) shall have been satisfied, and all third party and governmental consents and approvals necessary or required in order to consummate the Subject Acquisitions have been obtained.
Substantially contemporaneously with the funding of the Purchase Price, the Subject Acquisitions shall have been consummated on the Closing Date in accordance with the terms of the Subject Acquisition Documents as in effect on the Closing Date.
After giving effect to the Loans to finance the Subject Acquisition, the aggregate amount of Revolving Credit Loans made for the purpose of financing Subject Acquisitions does not exceed $5,000,000.
Administrative Agent and its counsel shall have been provided with, and shall have completed a review of, the environmental reports required by Section 10.13 of the Credit Agreement with respect to the Subject Properties, and such review shall not have revealed any condition or circumstance which would reflect that, upon completion of the Subject Acquisitions, the representations and warranties contained in Section 9.14 of the Credit Agreement are inaccurate in any respect.
In addition to the representations, warranties and covenants set forth in Article 5 of the Agreement, the Loan Party Obligors make the following representations, warranties and covenants as of the Second Amendment Effective Date with respect to the Subject Acquisitions, which representations, warranties and covenants are made on the terms and conditions set forth in the preamble paragraph of Article 5: i.
Administrative Agent and its counsel shall have completed a review of title (including opinions of title) to that portion of the Subject Properties which results in Administrative Agent and its counsel having reviewed title to Proved Mineral Interests with a Recognized Value equal to or not less than eighty percent (80%) of the Recognized Value of all Proved Mineral Interests owned by Borrower (after giving effect to the Subject Acquisitions).
As used herein, the term "Grav▇▇ ▇▇▇perties" means the Mineral Interests acquired (the "Grav▇▇ ▇▇▇uisition" and, together with the STB Acquisition, collectively the "Subject Acquisitions") by Borrower pursuant to that certain Purchase and Sale Agreement, dated effective November 1, 2000, between Grav▇▇ ▇▇▇ses L.L.C. and Grav▇▇ ▇▇▇lling Co., Inc., as seller, and Wool▇▇▇ ▇▇▇roleum Corporation, as buyer (as amended, the "Grav▇▇ ▇▇▇uisition Agreement").
It is understood and agreed that field examinations and appraisals in connection with Subject Acquisitions shall not count against the limited number of field examinations or appraisals for which expense reimbursement may be sought under Section 6.17 or 6.18.
Each Letter of Credit shall (i) be denominated in Dollars, (ii) be a standby letter of credit issued for the account of the Borrower, which finances the working capital and business needs of the Borrower and the Wholly Owned Subsidiaries, including, without limitation, good faith deposits in connection with Subject Acquisitions, and (iii) expire no later than the earlier of (x) the Revolving Credit Termination Date and (y) the date which is 12 months after its date of issuance.