Financed Acquisition definition

Financed Acquisition means an acquisition of Contracts or of a division or line of business of another Person, by the Borrower from any Person in which the following conditions are satisfied:
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Financed Acquisition means the acquisition by Holdings of 94.9% of the outstanding common stock of WRC pursuant to a Redemption, Stock Purchase and Recapitalization Agreement, dated as of August 13, 1999, as amended by Amendment No. 1 thereto, dated as of October 26, 1999 and Amendment No. 2 thereto, dated as of November 10, 1999, between Holdings and Primedia Inc., a Delaware corporation, for an aggregate purchase price of $396,054,500.
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Financed Acquisition means an Acquisition for which Borrower has requested a Term Loan Advance to finance all or a portion of such Acquisition.
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Examples of Financed Acquisition in a sentence

  • Administrative Agent shall have received a copy of the Financed Acquisition documents, certified by an Authorized Officer of Borrower as being true, correct and complete.

  • Any of the asset and/or stock ---------------------------------------- purchase agreements relating to a Permitted Financed Acquisition (other than a Nominally Financed Acquisition) dated on or prior to the Revolving Credit Loan Maturity Date between the Borrower or any of its Restricted Subsidiaries and the sellers of such assets and/or stock, each such agreement to be in form and substance satisfactory to the Agent.

  • In addition, no Advance made during the Subsequent Disbursement Period shall exceed the lesser of (a) (i) the Available Amount and (ii) $10,000,000 and (b) the actual purchase price for each Permitted Financed Acquisition or amount needed to fund that portion of the Project, Petro:Lube Project or New Profit Center Project, as the case may be, for which the Advance is being requested.

  • The first date on which the conditions set forth in the relevant Permitted Acquisition Purchase Agreement have been satisfied and such Permitted Financed Acquisition has occurred.

  • The Agent shall have received copies of all material documents to be entered into in connection with each such Permitted Financed Acquisition, and shall be satisfied with the terms thereof.

  • Notwithstanding anything to the contrary contained in this Agreement, neither the Company nor GACP shall have any liability under this Agreement for any breach of any representation or warranty hereunder, and neither GACP nor the Company shall have any rights or remedies for any such breach, unless and until there is a Lender Financed Acquisition, and then only with respect to any such completed Lender Financed Acquisition.

  • For the avoidance of doubt, if the Company specifies that a Stand Alone Financed Acquisition shall no longer be a "Relevant Stand Alone Financed Acquisition" for the purposes of this Clause 21 the Company may not subsequently designate that Stand Alone Financed Acquisition as a "Relevant Stand Alone Financed Acquisition" for the purposes of this Clause 21.

  • Each Transaction Document (including the Purchase Agreement) shall be in full force and effect and shall not have been modified or waived in any material respect, nor shall there have been any forbearance to exercise any rights with respect to any of the material terms or provisions relating to the conditions to the consummation of the Financed Acquisition set forth in the Purchase Agreement unless otherwise agreed to by the Required Lenders.

  • The Administrative Agent shall have received on or prior to the Borrowing Date for such Acquisition Term Loan, a certificate of an Executive Officer of the Company certifying that the related Permitted Financed Acquisition constitutes an Eligible Acquisition.

  • The Financed Acquisition shall have been consummated (or shall be concurrently consummated) and in connection therewith, Holdings shall have acquired 94.9% of WRC pursuant to the Purchase Agreement for an aggregate purchase price of $396,054,500.


More Definitions of Financed Acquisition

Financed Acquisition is defined in the FIRST RECITAL.
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Financed Acquisition shall have the meaning assigned to it in SECTION 1.1(d)(i).
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Financed Acquisition is defined in the first recital.
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Financed Acquisition means the Borrower’s purchase of an undivided 100% of the right, title and interest of Sellers in and to certain Oil and Gas Properties located in ▇▇▇ ▇▇▇▇▇ County in the State of Texas, pursuant to the Purchase Agreements and the subsequent assignment to the Borrower from the Sellers.
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Financed Acquisition means any one or more Acquisitions by the Borrower and/or its direct or indirect wholly-owned Subsidiaries funded in whole or in part with Delayed Draw Term Loans and approved by each Lender.
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Financed Acquisition means an acquisition which is partially or totally financed with the proceeds of a loan from Lenders and, which satisfies each of the conditions contained in the Compliance Certificate. At the present time, Lenders do not contemplate making a loan, other than the Term Loan for the financing of an acquisition. 6. The following definition of “Funding Date” is hereby added in the correct alphabetical order to Section 1.01 of the Credit Agreement: “Funding Date” means that date when the Lenders fund the Term Loan. 7. The following definition of “Funding Expiration Date” is hereby added in the correct alphabetical order to Section 1.01 of the Credit Agreement: “Funding Expiration Date” means February 28, 2002.
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Related to Financed Acquisition

  • Qualified Acquisition means a Permitted Acquisition, the aggregate purchase price for which, when combined with the aggregate purchase price for all other Permitted Acquisitions in any rolling 12-month period, is greater than or equal to $25,000,000.

  • Permitted Acquisition means any acquisition by Borrower or any of its wholly-owned Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, any Person; provided that:

  • Specified Acquisition means one or more acquisitions of assets, equity interests, entities, operating lines or divisions in any fiscal quarter for an aggregate purchase price of not less than $200,000,000 (it being understood that such consideration shall be determined based on the payment made at the time of the transaction, without regard to any subsequent or earnout payments).

  • Permitted Acquisitions means any acquisition (by merger, consolidation or otherwise) by the Borrower or a Subsidiary Loan Party of all or substantially all the assets of, or all the Equity Interests in, a Person or division or line of business of a Person, if (a) immediately after giving effect thereto, no Default has occurred and is continuing or would result therefrom, (b) such acquired Person is organized under the laws of the United States of America or any State thereof or the District of Columbia and substantially all the business of such acquired Person or business consists of one or more Permitted Businesses and not less than 80% of the consolidated gross operating revenues of such acquired Person or business for the most recently ended period of twelve months is derived from domestic operations in the United States of America, (c) each Subsidiary resulting from such acquisition (and which survives such acquisition) other than any Foreign Subsidiary, shall be a Subsidiary Loan Party and at least 80% of the Equity Interests of each such Subsidiary shall be owned directly by the Borrower and/or Subsidiary Loan Parties and shall have been (or within 10 Business Days (or such longer period as may be acceptable to the Agent) after such acquisition shall be) pledged pursuant to the Collateral Agreement (subject to the limitations of the pledge of Equity Interests of Foreign Subsidiaries set forth in the definition of "Collateral and Guarantee Requirement"), (d) the Collateral and Guarantee Requirement shall have been (or within 10 Business Days (or such longer period as may be acceptable to the Agent) after such acquisition shall be) satisfied with respect to each such Subsidiary, (e) the Borrower and the Subsidiaries are in compliance, on a pro forma basis after giving effect to such acquisition, with the Financial Covenants, recomputed as of the last day of the most recently ended fiscal quarter of the Borrower for which financial statements are available, as if such acquisition had occurred on the first day of the relevant period for testing compliance and (f) the Borrower has delivered to the Agent an officer's certificate to the effect set forth in clauses (a), (b), (c), (d) and (e) above, together with all relevant financial information for the Person or assets acquired and reasonably detailed calculations demonstrating satisfaction of the requirement set forth in clause (e) above.

  • Permitted Acquisition Indebtedness means Indebtedness or Disqualified Stock of the Company or any of the Company’s Restricted Subsidiaries to the extent such Indebtedness or Disqualified Stock was Indebtedness or Disqualified Stock of: