Vault Acquisition definition

Vault Acquisition means the plan of arrangement completed under the ABCA pursuant to which Penn West acquired Vault on January 10, 2008.CONVENTIONSCertain terms used herein are defined in the "Glossary of Terms". Certain other terms used herein but not defined herein are defined in NI 51-101 and, unless the context otherwise requires, shall have the same meanings herein as in NI 51-101. On March 17, 2011, the exchange rate for U.S. dollars, expressed in Canadian dollars, based on the noon rate as reported by the Bank of Canada, was Cdn$1.00 equals US$0.9885.All dollar amounts in this document are expressed in Canadian dollars, except where otherwise indicated. References to "$" or "Cdn$" are to Canadian dollars, references to "US$" are to United States dollars, references to "£" are to pounds sterling, and references to "€" are to Euros.All financial information herein has been presented in Canadian dollars in accordance with Canadian GAAP, which differs from U.S. GAAP. A reconciliation of the principal differences between Penn West's financial results as at and for the years ended December 31, 2010 and 2009 calculated under Canadian GAAP and under U.S. GAAP is included in the Form 40-F.ABBREVIATIONSOil and Natural Gas Liquids Natural Gas bbl barrel or barrels GJ gigajoule bbl/d barrels per day GJ/d gigajoules per day Mbbl thousand barrels Mcf thousand cubic feet MMbbl million barrels MMcf million cubic feet NGLs natural gas liquids Bcf billion cubic feet MMboe million barrels of oil equivalent Mcf/d thousand cubic feet per day Mboe thousand barrels of oil equivalent MMcf/d million cubic feet per day boe/d barrels of oil equivalent per day m3 cubic metres
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Vault Acquisition means the proposed acquisition by Penn West of all the issued and outstanding trust units of Vault through the issuance of approximately 5.6 million Penn West Units, which Penn West anticipates to be completed on or about January 10, 2008;
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Vault Acquisition means the proposed acquisition by Penn West of all of the issued and outstanding trust units of Vault through the issuance of approximately 5.6 million Penn West Units, which Penn West anticipates to be completed on or about January 10, 2008.
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Examples of Vault Acquisition in a sentence

  • Bxxxxxx Xxxx Title: Corporate & Group Services VAULT ENERGY TRUST (the "Trust") for value received hereby acknowledges itself indebted and, subject to the provisions of the trust indenture (the "Indenture") dated as of April •, 2005 between the Trust, Vault Acquisition Inc.

  • Any notice to the Trust under the provisions of this Indenture shall be valid and effective if delivered to the Trust at: 700, 000 - 0xx Xxxxxx X.X., Xxxxxxx, Xxxxxxx, X0X 0X0, Attention: Rxxxxx Xxxxxx, President and Chief Executive Officer of Vault Acquisition Inc., or if given by registered letter, postage prepaid, to such offices and so addressed and if mailed, shall be deemed to have been effectively given three days following the mailing thereof.

  • Notice is hereby given pursuant to Section 4.10(b) of the trust indenture (the "Indenture") dated as of April •, 2005 between the Trust, Vault Acquisition Inc.

  • Other than the proposed Vault Acquisition and as disclosed in the Penn West Disclosure Letter, Penn West has no rights to purchase assets, properties or undertakings of third parties under any agreements to purchase that have not closed in excess of $20 million individually or $50 million in the aggregate.

  • Xxxxxx Chief Executive Officer Per: (signed) "X.X. (Xxxxxx) Xxxx" Per: (signed) "Thaidra Xxxxx" VAULT ENERGY TRUST, PENN WEST PETROLEUM LTD., PENN WEST ENERGY TRUST AND CANADIAN WESTERN TRUST COMPANY No. [ •] $[ •] PENN WEST ENERGY TRUST (the "Trust") for value received hereby acknowledges itself indebted and, subject to the provisions of the trust indenture (the "Original Indenture") dated as of April 27, 2005 between Vault Energy Trust ("Vault"), Vault Acquisition Inc.

  • TO: The Holders of Debentures (the “Holders” or “Debentureholders”) AND TO: Canadian Western Trust Company (the “Debenture Trustee”) RE: Debentures Issued Pursuant to the Trust Indenture dated April 27, 2005 among Vault Energy Trust (“Vault”), Vault Acquisition Inc.


More Definitions of Vault Acquisition

Vault Acquisition means the plan of arrangement under the ABCA pursuant to which Penn West acquired Vault on January 10, 2008.CONVENTIONSCertain terms used herein are defined in the “Glossary of Terms”. Certain other terms used herein but not defined herein are defined in NI 51-101 and, unless the context otherwise requires, shall have the same meanings herein as in NI 51-101.Unless otherwise indicated, references herein to “$” or “dollars” are to Canadian dollars. References herein to “US$” are to United States dollars.All financial information herein has been presented in Canadian dollars in accordance with Canadian GAAP.ABBREVIATIONSOil and Natural Gas Liquids bbl barrel or barrels bbl/d barrels per day Mbbl thousand barrels MMbbl million barrels NGLs natural gas liquids MMboe million barrels of oil equivalent Mboe thousand barrels of oil equivalent boe/d barrels of oil equivalent per day Natural Gas GJ gigajoule Gj/d gigajoules per day Mcf thousand cubic feet MMcf million cubic feet Bcf billion cubic feet Mcf/d thousand cubic feet per day MMcf/d million cubic feet per day m3 cubic metres MMbtu million British Thermal Units
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Related to Vault Acquisition

  • Exempt Acquisition means a share acquisition in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to the provisions of Subsection 5.1(a) or (h);

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

  • Asset Acquisition means (a) an Investment by the Company, the Issuer or any Restricted Subsidiary in any other Person if, as a result of such Investment, such Person shall become a Restricted Subsidiary or shall be consolidated or merged with or into the Company, the Issuer or any Restricted Subsidiary or (b) the acquisition by the Company, the Issuer or any Restricted Subsidiary of the assets of any Person, which constitute all or substantially all of the assets or of an operating unit or line of business of such Person or which is otherwise outside the ordinary course of business.

  • 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:

  • Qualifying Acquisition has the meaning specified in Section 5.03.

  • 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.

  • 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.

  • date of acquisition means the date of acquisition required for accounting purposes;

  • Make-Whole Acquisition means the occurrence, prior to any Conversion Date, of one of the following:

  • Specified Acquisition means one or more acquisitions of assets or entities or operating lines or divisions in any rolling 12-month period for an aggregate purchase price of not less than $50,000,000.

  • Permitted Acquisition Consideration means in connection with any Permitted Acquisition, the aggregate amount (as valued at the Fair Market Value of such Permitted Acquisition at the time such Permitted Acquisition is made) of, without duplication: (a) the purchase consideration paid or payable in cash for such Permitted Acquisition, whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and including any and all payments representing the purchase price and any assumptions of Indebtedness and/or Guarantee Obligations, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any Person or business and (b) the aggregate amount of Indebtedness incurred or assumed in connection with such Permitted Acquisition; provided, in each case, that any such future payment that is subject to a contingency shall be considered Permitted Acquisition Consideration only to the extent of the reserve, if any, required under GAAP (as determined at the time of the consummation of such Permitted Acquisition) to be established in respect thereof for the Borrower or its Restricted Subsidiaries.

  • Post-Acquisition Period means, with respect to any Permitted Acquisition, the period beginning on the date such Permitted Acquisition is consummated and ending on the last day of the sixth full consecutive fiscal quarter immediately following the date on which such Permitted Acquisition is consummated.

  • Permitted Acquired Debt shall have the meaning set forth in Section 9.04(d).

  • Limited Condition Acquisition means any acquisition, including by way of merger, by the Borrower or one or more of its Restricted Subsidiaries permitted pursuant to this Agreement whose consummation is not conditioned upon the availability of, or on obtaining, third party financing.

  • Target Business Acquisition Period means the period commencing from the effectiveness of the registration statement filed with the SEC in connection with the Company's IPO up to and including the first to occur of (i) a Business Combination; or (ii) the Termination Date.

  • Closing Date Acquisition shall have the meaning assigned to such term in the recitals hereto.

  • Proposed Acquisition means the proposed acquisition by the Borrower or any of its Subsidiaries of all or substantially all of the assets or Stock of any Proposed Acquisition Target, or the merger of any Proposed Acquisition Target with or into the Borrower or any Subsidiary of the Borrower (and, in the case of a merger with the Borrower, with the Borrower being the surviving corporation).

  • Qualified Acquisition means an acquisition or a series of related acquisitions in which the consideration paid by the Credit Parties is equal to or greater than $50,000,000.

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

  • Permitted Acquisition Indebtedness means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness:

  • Transformative Acquisition means any acquisition or Investment by the Borrower or any Restricted Subsidiary that is either (a) not permitted by the terms of this Agreement immediately prior to the consummation of such acquisition or Investment or (b) if permitted by the terms of this Agreement immediately prior to the consummation of such acquisition or Investment, would not provide the Borrower and its Restricted Subsidiaries with adequate flexibility under this Agreement for the continuation and/or expansion of their combined operations following such consummation, as determined by the Borrower acting in good faith.

  • Shares Acquisition Date means the first date of public announcement by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Significant Acquisition means the acquisition (in one or a series of related transactions) of all or substantially all of the assets or Equity Interests of a Person or any division, line of business or business unit of a Person for an aggregate consideration in excess of $450,000,000.

  • Pro Forma Transaction means any transaction consummated as part of any Permitted Acquisition, together with each other transaction relating thereto and consummated in connection therewith, including any incurrence or repayment of Indebtedness.

  • Permitted Business Acquisition means any acquisition of all or substantially all the assets of, or all or substantially all the Equity Interests (other than directors’ qualifying shares) not previously held by the Borrower and its Subsidiaries in, or merger, consolidation or amalgamation with, a person or division or line of business of a person (or any subsequent investment made in a person or division or line of business previously acquired in a Permitted Business Acquisition), if immediately after giving effect thereto: (i) no Event of Default under clause (b), (c), (h) or (i) of Section 7.01 shall have occurred and be continuing or would result therefrom, provided, however, that with respect to a proposed acquisition pursuant to an executed acquisition agreement, at the option of the Borrower, the determination of whether such an Event of Default shall exist shall be made solely at the time of the execution of the acquisition agreement related to such Permitted Business Acquisition; (ii) all transactions related thereto shall be consummated in accordance with applicable laws; (iii) with respect to any such acquisition or investment with cash consideration in excess of $50,000,000, the Borrower shall be in Pro Forma Compliance immediately after giving effect to such acquisition or investment and any related transaction; (iv) any acquired or newly formed Subsidiary shall not be liable for any Indebtedness except for Indebtedness permitted by Section 6.01; (v) to the extent required by Section 5.10, any person acquired in such acquisition, if acquired by the Borrower or a Domestic Subsidiary, shall be merged into the Borrower or a Subsidiary Loan Party or become upon consummation of such acquisition a Subsidiary Loan Party; and (vi) the aggregate cash consideration in respect of such acquisitions and investments in assets that are not owned by the Borrower or Subsidiary Loan Parties or in Equity Interests of persons that are not Subsidiary Loan Parties or do not become Subsidiary Loan Parties, in each case upon consummation of such acquisition, shall not exceed the greater of (x) $150,000,000 and (y) 0.05 times the EBITDA calculated on a Pro Forma Basis for the then most recently ended Test Period (excluding for purposes of the calculation in this clause (vi), (A) any such assets or Equity Interests that are no longer owned by the Borrower or any of its Subsidiaries and (B) acquisitions and investments made at a time when, immediately after giving effect thereto, the Net Total Leverage Ratio on a Pro Forma Basis would not exceed 3.15 to 1.00, which acquisitions and investments shall be permitted under this clause (vi) without regard to such calculation).

  • Permitted Bid Acquisition means an acquisition of Voting Shares made pursuant to a Permitted Bid or a Competing Permitted Bid;