Acquisition Credit definition

Acquisition Credit means the note for the dollar amount due, which is convertible into common stock of SNBH (the “Purchaser”) which shall be issued by Purchaser to the Sellers (and/or their designees) pursuant to the terms of the Acquisition (as defined above) set forth in Section 2.2(a) and the related Earnout Schedule (as defined herein) set forth on Schedule A attached hereto, as set forth herein;
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Acquisition Credit is defined in Section 3.9 hereof.
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Acquisition Credit means the annual 4% Credit for the cost of buying an existing building for which substantial rehabilitation expenditures are incurred.
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Examples of Acquisition Credit in a sentence

  • Prior to the Closing, Seller shall prepare and deliver to Buyer a statement (the “Estimated Net Book Value Statement”) setting forth its good faith estimate of the Closing Net Book Value of the Purchased Assets and payables included in the Assumed Liabilities (the “Estimated Net Book Value”) plus the Assigned IP Amount Minus the Acquisition Credit, which statement shall be substantially in the form of Exhibit A attached hereto.

  • The aggregate purchase price for the Purchased Assets shall be an amount equal to (a) the Closing Net Book Value of the Purchased Assets and accounts payable and accrued Liabilities included in the Assumed Liabilities, calculated in accordance with Exhibit A; PLUS (b) the Assigned IP Amount; MINUS (c) the Acquisition Credit (collectively, the “Purchase Price”), plus the assumption of the Assumed Liabilities (not otherwise covered in the Closing Net Book Value).


More Definitions of Acquisition Credit

Acquisition Credit means One Million Two Hundred and Fifty Thousand Dollars ($1,250,000.00).
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Acquisition Credit means the credit facility for the Acquisition Loans described in Section 1.1(b) hereof.
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Acquisition Credit. Is defined in Section 2-2.
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Acquisition Credit means the note for the dollar amount due, which is convertible into common stock of SNBH (the “Purchaser”) which shall be issued by Purchaser to the Sellers (and/or their designees) pursuant to
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Acquisition Credit means the Acquisition Credit loans to be advanced to the Borrowers by the Acquisition Credit Lenders pursuant to Article 5 hereof, in an aggregate amount (subject to the terms hereof), not to exceed, at any one time outstanding, the Acquisition Credit Aggregate Commitment.
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