Acquisition Loan definition

Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

Acquisition Loan means any Loan made in connection with an Acquisition Advance.

Acquisition Loan has the meaning specified in Section 2.1(a).

Examples of Acquisition Loan in a sentence

• The assumed loan shall be treated as though it is a regular Indian Land Acquisition Loan made in accordance with subpart N of part 1823 of this chapter.

• The principal amount of any Asset Acquisition Loan requested by the Borrower pursuant to Section 2.2(a) shall equal the aggregate purchase price of the Eligible Assets, as determined by the Manager pursuant to the Investment Management Agreement, to be purchased by the Borrower using the proceeds of such Loan on such date.

• Each such irrevocable notice (whether telephonic or written) shall specify (1) the requested Funding Date, (2) the amount of the Asset Acquisition Loan to be borrowed, (3) the Repayment Date of the Asset Acquisition Loan and (4) such other information as the Lender may reasonably request.

• The Borrower shall repay the outstanding principal amount of each Asset Acquisition Loan and the interest accrued thereon on the related Repayment Date, which repayment may be effected by the Lender debiting the Custodian Reserve Account in an amount equal to the sum of the principal amount of such Asset Acquisition Loan and accrued interest thereon, or otherwise in accordance with the Priority of Payments.

• HBH pledged its subleasehold interest in the East Hall as security for the Acquisition Loan.

More Definitions of Acquisition Loan

Acquisition Loan has the meaning specified in Section 3.1.

Acquisition Loan. All of the consideration given or received or to be given or received in connection with the acquisition of the Mortgaged Property has been fully disclosed to Lender. The Mortgaged Property was or will be purchased from (“Property Seller”). No Borrower or Borrower Principal has or had, directly or indirectly (through a family member or otherwise), any interest in the Property Seller and the acquisition of the Mortgaged Property is an arm’s-length transaction. To the best of Borrower’s knowledge after due inquiry and investigation, the purchase price of the Mortgaged Property represents the fair market value of the Mortgaged Property and Property Seller is not or will not be insolvent subsequent to the sale of the Mortgaged Property.

Acquisition Loan means an Exempt Loan (or other extension of credit) used by the Trust to finance the acquisition of Qualifying Employer Securities which loan may constitute an extension of credit to the Trust from a party in interest.

Acquisition Loan means a Revolving Loan the proceeds of which will be used for an Eligible Acquisition.

Acquisition Loan means a Loan made pursuant to Section 2.07 and evidenced by the Acquisition Line Notes.

Acquisition Loan is defined in Section 2.1.4.

Acquisition Loan. Section 2.1(b).