Permitted Acquisition Conditions definition
Permitted Acquisition Conditions means, in relation to any Permitted Acquisition:
Permitted Acquisition Conditions means, collectively, in relation to any particular Acquisition:
Permitted Acquisition Conditions means the delivery to the Administrative Agent of the following (unless waived or permitted to be delivered after the consummation of the applicable Acquisition by the Administrative Agent, in each case, in its reasonable discretion and other than the joinder to the Guaranty and the Collateral Documents described in clauses (a) and (b), the payoff letters described in clause (f) and the certificate described in clause (g)) in form acceptable to the Administrative Agent with respect to a proposed Permitted Acquisition:
Examples of Permitted Acquisition Conditions in a sentence
Any such property of Tenant not retaken from storage by Tenant within forty-five (45) days after the end of the Term, however terminated, shall be conclusively presumed to have been conveyed by Tenant to Landlord under this Lease as in a bill of sale, without further payment or credit by ▇▇▇▇▇▇▇▇ to Tenant.
More Definitions of Permitted Acquisition Conditions
Permitted Acquisition Conditions means, in respect of any Acquisition by a Loan Party or any Subsidiary thereof, each of the following conditions:
Permitted Acquisition Conditions means as to Permitted Acquisition, (i) no Event of Default has then occurred and is continuing or would result from any action and (ii) (a) Specified Availability on a pro forma basis immediately after giving effect to such action would be at least $67.5 million and (b) over the thirty (30) consecutive days prior to consummation of such Permitted Acquisition, average Availability shall not have been less than $67.5 million, on a pro forma basis for such Permitted Acquisition.
Permitted Acquisition Conditions means as to Permitted Acquisition, (i) no Event of Default has then occurred and is continuing or would result from any action and (ii) (a) Availability on a pro forma basis immediately after giving effect to such action would be at least the greater of (x) 15.0% of the Line Cap and (y) $75.0 million and (b) over the 30 consecutive days prior to consummation of such Permitted Acquisition, average Availability shall not have been less than the greater of (x) 15.0% of the Line Cap and (y) $75.0 million, on a pro forma basis for such Permitted Acquisition.
Permitted Acquisition Conditions means, collectively, in relation to any particular Acquisition, each of the following conditions:
Permitted Acquisition Conditions. (▇) ▇▇ Default or Event of Default shall have occurred and be continuing or would result from the consummation of the proposed Acquisition, (b) the assets being acquired, or the Person whose securities are being acquired, are useful in or engaged in, as applicable, the development, manufacture, or distribution of pharmaceutical products, (c) Borrower has provided Bank with confirmation, supported by reasonably detailed calculations that on a PRO FORMA basis (adjusted to eliminate expense items that would not have been incurred and include income items that would have been recognized, in each case, if the combination had been accomplished at the beginning of the period) created by adding the historical financial statements of Borrower and its Subsidiaries to the historical financial statements of the Person to be acquired (or the historical financial statements related to the assets to be acquired) pursuant to the proposed Acquisition, Borrower and its Subsidiaries would have been in compliance with the financial covenants in Sections 6.2(a) and 6.2(b) of this Agreement as of the fiscal period ended immediately prior to the proposed date of consummation of such proposed Acquisition, (d) Borrower has provided Bank with copies of the definitive purchase and sale documentation, and (e) in the case of the acquisition of securities of a Person, such Person either executes and delivers a joinder to the Guaranty or is merged with and into the Obligor that is making such Acquisition, with such Obligor as the survivor of such merger.
Permitted Acquisition Conditions in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:
Permitted Acquisition Conditions means as to any relevant action contemplated in this Agreement, (i) no Event of Default has occurred and is continuing or would result from any action, (ii) the Total Net Leverage Ratio of Holdings and its Restricted Subsidiaries determined on a Pro Forma Basis, if applicable, both immediately prior to giving effect to such action and immediately after giving effect to such action shall not exceed 6.00:1.00, and (iii) prior to such action, the Borrower shall have delivered to the Administrative Agent a certificate of a Responsible Officer demonstrating in reasonable detail that satisfaction of the applicable conditions contained in clauses (i) and (ii) or other evidence of the same reasonably satisfactory to the Administrative Agent.