Definition of Tender Offer Account


Tender Offer Account means an account in the name of the Borrower opened with the Security Agent and designated as such by the Borrower and the Facility Agent.

Examples of Tender Offer Account in a sentence

On the Funding Date (after giving effect to the deposit of the proceeds of the Initial Financing) the aggregate amount of Cash and Cash Equivalents on deposit in the Proceeds Collateral Account and the Tender Offer Account shall be at least equal to the Accreted Amount.
The full amount of the Second Lien Term Loans shall have been or shall concurrently be funded on the Funding Date and such proceeds shall be deposited into the Proceeds Collateral Account (or, to the extent provided in Section 2.4(e), the Tender Offer Account).
Borrowers shall have received gross proceeds of (i) not less than $72,000,000 from the Second Lien Term Loans made pursuant to the Second Lien Credit Agreement and (ii) not less than $18,000,000 from the issuance of the Convertible Third Lien Notes and such proceeds shall have been deposited in the Proceeds Collateral Account (or, to the extent provided in Section 2.4(e), the Tender Offer Account).
On the Funding Date (after giving effect to the deposit of the proceeds of the Initial Financing), the aggregate amount of Cash and Cash Equivalents on deposit in the Proceeds Collateral Account and the Tender Offer Account shall be at least equal to the Accreted Amount.
The full amount of the Term Loans (after deduction for certain fees, as provided for in Section 2.1(b)(ii)) shall have been or shall concurrently be funded on the Funding Date and such proceeds shall be deposited into the Proceeds Collateral Account (or, to the extent provided in Section 2.4(e), the Tender Offer Account).