Significant Acquisition or Disposition definition
Significant Acquisition or Disposition means any acquisition or disposition by an Issuer or any Subsidiary involving a significant amount of assets. An acquisition or disposition shall be deemed to involve a significant amount of assets if the equity of the Company and its Subsidiaries in the net book value of such assets or the amount paid or received for the assets upon such acquisition or disposition exceeded 20% of the total assets of the Company and its Consolidated Subsidiaries or if it involved a business (as described in Rule 11-01(d) of Regulation S-X of the Securities Act) that is significant. Acquisitions or dispositions of individually insignificant businesses will be deemed not to constitute a Significant Acquisition or Disposition unless they are related businesses and are significant in the aggregate.