Petro Acquisition definition

Petro Acquisition means the acquisition by EM LLC of all or substantially all of the assets of Petro Steel International, LLC and Petro Steel International, L.P. pursuant to the terms and conditions set forth in the Petro Acquisition Purchase Agreement.
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Examples of Petro Acquisition in a sentence

  • The Administrative Agent shall have received a solvency certificate from a Financial Officer of the Borrower Representative certifying to and documenting the solvency of the Borrowers and their Subsidiaries after giving effect to the Recapitalization Transactions, the Petro Acquisition and the Transactions.

  • None of such Petro Acquisition Documents have been amended, supplemented or otherwise modified, and all such material agreements, instruments and undertakings are in full force and effect as of the date hereof.

  • The Petro Acquisition Documents listed on Schedule 3.22 attached hereto constitute all of the material agreements, instruments and undertakings to which Holdings, the US Borrower, the EMCayman or any of their respective Subsidiaries is bound or by which such Person or any of its Property is bound or affected relating to, or arising out of, the Petro Acquisition.

  • The Administrative Agent or its designee shall have conducted a satisfactory field examination of the accounts receivable, inventory and related working capital matters and financial information of the Borrowers and EM LLC (its Property being that which is acquired as part of the Petro Acquisition) and of the related data processing and other systems.

  • As of the date hereof, no party to any of such Petro Acquisition Documents is in default thereunder and no party thereto, or any other Person, has the right to terminate any such material agreements, instruments and undertakings.

  • The Recapitalization Transactions and the Petro Acquisition shall have been completed or shall be completed concurrently on the terms and conditions set forth in the Recapitalization Agreement and the Petro Acquisition Purchase Agreement, respectively.

Related to Petro Acquisition

  • Hostile Acquisition means (a) the acquisition of the Equity Interests of a Person through a tender offer or similar solicitation of the owners of such Equity Interests which has not been approved (prior to such acquisition) by the board of directors (or any other applicable governing body) of such Person or by similar action if such Person is not a corporation and (b) any such acquisition as to which such approval has been withdrawn.

  • Company Acquisition means any of the following transactions (other than the transactions contemplated by this Agreement): (i) a merger, consolidation, business combination, recapitalization, liquidation, dissolution or similar transaction involving the Company pursuant to which 50 the stockholders of the Company immediately preceding such transaction hold less than 65% of the aggregate equity interests in the surviving or resulting entity of such transaction, (ii) a sale or other disposition by the Company of assets representing in excess of 35% of the aggregate fair market value of the Company's business immediately prior to such sale or (iii) the acquisition by any person or group (including by way of a tender offer or an exchange offer or issuance by the Company), directly or indirectly, of beneficial ownership or a right to acquire beneficial ownership of shares representing in excess of 35% of the voting power of the then outstanding shares of capital stock of the Company.

  • Company Acquisition Transaction means any transaction or series of transactions (other than the Contemplated Transactions) involving:

  • Business Acquisition means the acquisition of a company or any shares or securities or a business or undertaking (or, in each case, any interest in any of them) or the incorporation of a company.

  • Target Acquisition means the acquisition of Target Shares by Purchaser pursuant to a Scheme or an Offer.