Tender Offer Account definition
Examples of Tender Offer Account in a sentence
Holdings shall accept and pay for all Tendered Notes on the Funding Date (such that each holder of Tendered Notes who has delivered wire instructions to the Administrative Agent shall have received such payment for such holder’s Tendered Notes on the Funding Date) using funds that have been deposited into the Proceeds Collateral Account in accordance with Section 2.4 of this Agreement or, to the extent provided in Section 2.4(e) of this Agreement, into 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.
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.
Upon satisfaction or waiver of the conditions precedent specified herein, Note Agent shall make the proceeds of the Notes available on the Funding Date by causing an amount of same-day funds in Dollars equal to the proceeds of all Notes received by Note Agent from Purchasers to be credited to the Proceeds Collateral Account (or, to the extent provided in Section 2.4(e), the Tender Offer Account).
Co-Issuers shall have received gross proceeds of (i) not less than $130,300,000 from the First Lien Loans made pursuant to the First Lien Credit Agreement and (ii) not less than $72,000,000 from the Second Lien Loans made pursuant to the Second Lien Credit Agreement 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).
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).
The full amount of the Loans (after deduction for certain fees, as provided for in Section 2.1(b)(ii) of the First Lien Credit Agreement) 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).
Holdings shall accept and pay for all Tendered Notes on the Funding Date using funds that have been deposited into the Proceeds Collateral Account in accordance with Section 2.4 of this Agreement or, to the extent provided in Section 2.4(e) of this Agreement, into the Tender Offer Account.
Other than the Drawdown Account, the Tender Offer Account and such other account that has been granted as security in favour of the Secured Parties pursuant to the Security Documents, no account has been opened and maintained by the Borrower.
Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make such proceeds of the Term Loan available on the Funding Date by causing an amount of same-day funds in Dollars equal to the proceeds of all Term Loans received by Administrative Agent from Lenders (less the aggregate amount of the deductions referred to in the preceding sentence) to be credited to the Proceeds Collateral Account (or, to the extent provided in Section 2.4(e), the Tender Offer Account).