Triax Acquisition definition
Examples of Triax Acquisition in a sentence
Pursuant to Section 8.5(d) of the Third Amended and Restated Operating Agreement the Executive Committee has determined a new Company Valuation in the amount of $450 million giving effect to the closing of the ▇▇▇▇▇▇▇ Acquisition, the Triax Acquisition and the Capital Contributions to finance such Acquisitions (the "1999 Company Valuation").
Each of the Lenders hereby agrees that, for purposes of Section 2.09 of the Credit Agreement, the Net Available Proceeds of Equity Issuances referred to in paragraphs (b)(iii) and (b)(iv) thereof may be applied within 180 days of such Equity Issuances to the Triax Acquisition and the ACE Acquisition.
As of the date hereof, no compensation is due or payable to the Manager or any Affiliate of the Manager with respect to any revenues or transaction(s) occurring during any period ending on or before the closing of the Triax Acquisition.
The Triax Acquisition Agreement has been duly executed and delivered by each party thereto and is in full force and effect and, to the knowledge of the Borrowers, no party is in default in any material respect of any of its obligations thereunder.
Evidence of receipt of all material licenses, permits, --------- approvals and consents, if any, required (or, in the reasonable discretion of the Administrative Agent, advisable) with respect to the Triax Acquisition (including, without limitation, the consents of the respective municipal franchising authorities to the acquisition of the CATV Systems being acquired by the LLC Borrowers pursuant to the Triax Acquisition, exclusive of those pertaining to Retained Franchises).
As provided in Section 6.01(m) hereof, all Liens in favor of the lenders (or an agent for such lenders) under the Triax Credit Agreement on assets purchased in the Triax Acquisition are to be released (or arrangements for such release are to be made) on the Closing Date.
The Applicable Margin for the period from and including the date of the Triax Acquisition to the day prior to the first Quarterly Date occurring after the date of the Triax Acquisition shall be determined based upon a Rate Ratio Certificate (computed on a pro forma basis, after giving effect to the borrowings to be made in connection with the Triax Acquisition), which Rate Ratio Certificate shall be delivered three or more days prior to the date of the Triax Acquisition.
Evidence that, to the extent the assets purchased ---------------------- in the Triax Acquisition shall be subject to any Liens in favor of the lenders (or an agent for such lenders) under the Triax Credit Agreement, such Liens shall have been released (or arrangements for such release satisfactory to the Administrative Agent shall have been made).
The Borrowers will use the ----------------------------------------- proceeds of the Term Loans to finance the Triax Acquisition and to pay fees and expenses related thereto.
The Borrowers have heretofore delivered to --------------------------- the Administrative Agent a complete and correct copy of the Triax Acquisition Agreement, as in effect on the date hereof, including all schedules, exhibits and annexes thereto.