Acquisition Facility Loans. (a) Subject to the terms and conditions hereof, each Acquisition Facility Lender severally shall make revolving credit loans under the Acquisition Facility Commitments (the “Acquisition Facility Loans”) to any Borrower in an amount requested by the Borrowers’ Agent on behalf of such Borrower from time to time during the Acquisition Facility Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed such Acquisition Facility Lender’s Acquisition Facility Commitment at such time; provided that, after giving effect to any Acquisition Facility Loan requested by the Borrowers’ Agent on behalf of any Borrower, each of the conditions set forth in Section 6.2 shall be satisfied or waived. During the Acquisition Facility Commitment Period, each Borrower may borrow, prepay the Acquisition Facility Loans in whole or in part, and reborrow Acquisition Facility Loans, all in accordance with the terms and conditions hereof.
Acquisition Facility Loans. (a) Subject to the terms and conditions hereof, each Acquisition Facility Lender severally shall make loans under the Acquisition Facility Commitments (the “Acquisition Facility Loans”) to the Borrowers in an amount requested by the applicable Borrower from time to time during the Acquisition Facility Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed such Acquisition Facility Lender’s Acquisition Facility Commitment at such time; provided that, after giving effect to any Acquisition Facility Loan requested by any Borrower, each of the conditions set forth in Section 6.2 shall be satisfied or waived. During the Acquisition Facility Commitment Period, the Borrowers may borrow, prepay the Acquisition Facility Loans in whole or in part, and reborrow Acquisition Facility Loans, all in accordance with the terms and conditions hereof.
Acquisition Facility Loans. (a) Subject to the terms and conditions hereof, each Acquisition Facility Lender severally shall make loans under the Acquisition Facility Commitments (the “Acquisition Facility Loans”) to the Borrowers in an amount requested by the applicable Borrower from time to time during the Acquisition Facility Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Acquisition Facility Lender’s then outstanding Acquisition Facility Extensions of Credit, does not exceed such Acquisition Facility Lender’s Acquisition Facility Commitment at such time; provided that, after giving effect to any Acquisition Facility Loan requested by any Borrower, each of the conditions set forth in Section 6.2 shall be satisfied or waived. During the Acquisition Facility Commitment Period, the Borrowers may borrow, prepay the Acquisition Facility Loans in whole or in part, and reborrow Acquisition Facility Loans, all in accordance with the terms and conditions hereof. USActive 56005294.156005294.9 -115-
Acquisition Facility Loans. (a) Subject to the terms and conditions specified in Section 6.1, on the Closing Date, (i) each Acquisition Facility Lender which was an Existing Acquisition Facility Lender holding “Acquisition Facility Loans” (as defined in the Existing Credit Agreement) (such loans, collectively, the “Existing Acquisition Facility Loans”) immediately prior to the Closing Date severally agrees to continue such Existing Acquisition Facility Loans and/or sell all or a portion of its Existing Acquisition Facility Loans to other Acquisition Facility Lenders hereunder and/or purchase from other Existing Acquisition Facility Lenders all or a portion of such other Existing Acquisition Facility Lenders’ Existing Acquisition Facility Loans, and (ii) each Acquisition Facility Lender which was not an Existing Acquisition Facility Lender severally agrees to purchase from the Existing Acquisition Facility Lenders all or a portion of such Existing Acquisition Facility Lenders’ Existing Acquisition Facility Loans, in each case such that, after giving effect to all such sales and purchases, the Existing Acquisition Facility Loans held by each Acquisition Facility Lender shall be in an amount equal to such Acquisition Facility Lender’s Acquisition Facility Commitment Percentage of all such Existing Acquisition Facility Loans, and such Existing Acquisition Facility Loans so continued and purchased by the Lenders hereunder shall automatically be deemed to constitute Acquisition Facility Loans outstanding under this Agreement for all purposes. Subject to the terms and conditions hereof, each Acquisition Facility Lender severally shall make loans under the Acquisition Facility Commitments (the “Acquisition Facility Loans”) to any Borrower in an amount requested by the Borrowers’ Agent on behalf of such Borrower from time to time during the Acquisition Facility Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed such Acquisition Facility Lender’s Acquisition Facility Commitment at such time; provided that, after giving effect to any Acquisition Facility Loan requested by the Borrowers’ Agent on behalf of any Borrower, each of the conditions set forth in Section 6.2 shall be satisfied or waived. During the Acquisition Facility Commitment Period, each Borrower may borrow, prepay the Acquisition Facility Loans in whole or in part, and reborrow Acquisition Facility Loans, all in accordance with the terms and conditions hereof.
Acquisition Facility Loans. Each applicable Borrower may, upon notice from the Company to the Administrative Agent, at any time or from time to time voluntarily prepay the Acquisition Facility Loan in whole or in part without premium or penalty; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurocurrency Rate Loans denominated in Dollars and (2) on the date of prepayment of Base Rate Loans; (B) any prepayment of Eurocurrency Rate Loans denominated in Dollars shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof; and (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurocurrency Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender's Applicable Percentage of such prepayment. If such notice is given by the Company, the applicable Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.
Acquisition Facility Loans. The DSCR for each Acquisition Facility Loan shall be at least 1.25. Borrower acknowledges that such DSCR will be calculated upon the making of the New Acquisition Loan as more particularly set forth in Section 3.2(a)(ii), and recalculated quarterly.
Acquisition Facility Loans. Subject to the terms and conditions set forth herein, each Acquisition Facility Lender severally agrees to make loans (each such loan, an "Acquisition Facility Loan") to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender's Acquisition Facility Commitment; provided, however, that after giving effect to any Acquisition Facility Borrowing, the Outstanding Amount of all Acquisition Facility Loans shall not exceed the Aggregate Acquisition Facility Commitments. Within the limits of each Lender's Acquisition Facility Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.04, and reborrow under this Section 2.01(b). Acquisition Facility Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
Acquisition Facility Loans. Multicurrency Swing Line Loans during the applicable Commitment Period or Dollar Working Capital Facility Uncommitted Tranche Loans or Dollar Uncommitted Tranche Swing Line Loans during the Dollar Working Capital Facility Uncommitted Tranche Period, in each case, on any Business Day; provided that the applicable Borrower shall give the Administrative Agent and (solely in the case of Swing Line Loans) the applicable Swing Line Lender, irrevocable notice (which notice must be received by the Administrative Agent (x) in the case of a Working Capital Facility Loan or Acquisition Facility Loan, prior to 1:00 p.m. (New York City time), (A) three (3) U.S. Government Securities Business Days prior to the requested Borrowing Date, if all or any part of the requested Working Capital Facility Loans or Acquisition Facility Loans are to be initially EurocurrencyTerm SOFR Loans, or (B) three (3) CDOR Business Days prior to the requested Borrowing Date, if all or any part of the requested Working Capital Facility Loans or Acquisition Facility Loans are to be initially CDOR Loans or (C) on the same Business Day of the requested Borrowing Date, otherwise, and (y) in the case of a Swing Line Loan (A) under the Dollar Working Capital Facility, prior to 3:00 p.m. (New York City time) on the requested Borrowing Date and (B) under the Multicurrency Working Capital Facility, prior to 2:00 p.m. (New York City time) on the requested Borrowing Date, in each case, in the form attached hereto as Annex I (the “Borrowing Notice”), specifying: whether the borrowing is to be an Acquisition Facility Loan, Dollar(i) Working Capital Facility Committed Tranche Loan, Dollar Working Capital Facility Uncommitted Tranche Loan, Multicurrency Working Capital Facility Loan, Dollar Committed Tranche Swing Line Loan, Dollar Uncommitted Tranche Swing Line Loan or a Multicurrency Swing Line Loan; the amount to be borrowed;(ii) the requested Borrowing Date;(iii) in the case of a Multicurrency Working Capital Facility Loan or a(iv) Multicurrency Swing Line Loan, whether such Loan is to be denominated in United States Dollars or Canadian Dollars; in the case of a Swing Line Loan, the applicable Swing Line Lender such(v) borrowing is being requested from; in the case of an Acquisition Facility Loan, whether the borrowing is to be(vi) an Acquisition Facility Acquisition Extension of Credit, an Acquisition Facility Working Capital Extension of Credit or an Acquisition Facility Maintenance Cap-Ex Extension of...
Acquisition Facility Loans. 25 2.03 The Term Loan and the ESOP Loan........................... 25 2.04
Acquisition Facility Loans. Subject to the terms and conditions hereof each Acquisition Facility Lender severally agrees at any time and from time to time on and after the Effective Date and prior to the expiration of the Acquisition Facility Funding Period, to make and maintain term loans in an amount up to such Lender's Acquisition Facility Commitment (the "Acquisition Facility Loans") to the Company for the purpose of funding Permitted Acquisitions, which Loans (1) shall, at the option of the Company, be made and maintained pursuant to one or more Advances comprised of Alternate Base Rate Advances or LIBOR Rate Advances; provided that all Loans comprising all or a portion of the same Advance shall when made be of the same Type, (2) in the case of any LIBOR Rate Advance, shall be made in the minimum amount of $1,000,000 and integral multiples of $100,000, (3) in the case of any Alternate Base Rate Advance, shall be made in the minimum amount of $250,000 (or if less, in the aggregate amount of the unutilized Acquisition Facility Commitments) and integral multiples of $50,000, and (4) once repaid may not be reborrowed. Notwithstanding the foregoing, the aggregate outstanding principal balance of all Acquisition Facility Loans shall not exceed the Lenders' Acquisition Facility Commitments.
