Leveraged Recapitalization definition

Leveraged Recapitalization means a recapitalization of Borrower or any of its Subsidiaries, in one transaction or a series of related transactions, with the proceeds of long-term Indebtedness (as classified on the balance sheet of Borrower or such Subsidiary in accordance with GAAP) that total, in the aggregate, greater than $500,000,000.
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Leveraged Recapitalization means a series of transactions occurring in August 2004 in which Thomas H. Lee Partners, together with certain affiliates and co-investors, acquired approximately 57 percent of the equity interests in New Refco group Ltd, LLC (“New
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Leveraged Recapitalization means a transaction structured to transfer the controlling interest of an operating entity to a new investor without a change in accounting basis of the assets and liabilities presented in the separate stand-alone financial statements of the operating entity.
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Examples of Leveraged Recapitalization in a sentence

  • The Company shall cooperate with any reasonable requests of MergerCo or the SEC related to the recording of the Merger as a Leveraged Recapitalization for financial reporting purposes, including, without limitation, to assist MergerCo with any presentation to the SEC with respect to such recording.

  • Upon the occurrence of a CEO Resignation Event (as that term is defined in the Employment Agreement), 50% of the Performance Vesting Units (to the extent not previously vested) shall remain outstanding (the “Retained Performance Equity”) and shall vest when, and if, the MOIC and subsequent IPO, Change of Control or Qualified Leveraged Recapitalization occurs; provided that the Partnership does not repurchase the Retained Performance Equity pursuant to Section VI(F) of the Plan or Section 10 hereof.

  • The Company and MergerCo agree to use their reasonable best efforts not to take any action during the Pre-Closing Period that would adversely affect the ability of the Surviving Corporation to account for the Merger and all other transactions contemplated by this Agreement as a Leveraged Recapitalization for financial reporting purposes.

  • The Merger and all other transactions contemplated by this Agreement are intended to be accounted for as a Leveraged Recapitalization for financial reporting purposes.


More Definitions of Leveraged Recapitalization

Leveraged Recapitalization means a series of transactions occurring in August 2004 in which Thomas H. Lee Partners, together with certain affiliates and co-investors, acquired approximately 57 percent of the equity interests in New Refco Group Ltd, LLC (“New Refco”) in a leveraged recapitalization and any transaction whether before or after August 2004 directly or indirectly connected to THL’s acquisition of the 57 percent stake in New Refco.
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Leveraged Recapitalization means a refinancing of the capital structure of the VLT Facility that results in an increase in principal if, and to the extent that, part of the use of proceeds is a payment to the Owner. A refinancing of the capital structure of the VLT Facility in which the proceeds are utilized to expand the VLT Facility shall not be deemed to be a Leveraged Recapitalization.
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