Acceptable Acquisition means any acquisition (whether by merger, amalgamation or otherwise) by the Company or any Subsidiary of more than 50% of the outstanding Equity Interests of a Person which is engaged in a line of business similar or complementary to the business of the Company or such Subsidiary (or reasonable extensions thereof) or the purchase of all or substantially all of the assets owned by such Person or a line of business or brand of such Person.
Acceptable Acquisition means any Acquisition: (i) which has been either (A) approved by the Board of Directors of the corporation, or governing body of any other business entity, which is the subject of such Acquisition or (B) recommended by such Board or governing body to the shareholders of such corporation or equity owners of such other business entity; and (ii) with respect to which the following conditions are satisfied:
Acceptable Acquisition means any acquisition (whether by merger or otherwise) by the Company or any Subsidiary of the Company of more than 50% of the outstanding capital stock, membership interests, partnership interests or other similar ownership interests of a Person which is engaged in a line of business similar to the business of the Company or such Subsidiary (or reasonable extensions thereof) or the purchase of all or substantially all of the assets owned by such Person; provided that (a) with respect to such Person which is the subject of an acquisition, such acquisition has been (i) approved by the board of directors or other appropriate governing body of such Person or
Examples of Acceptable Acquisition in a sentence
Sponsor Must Keep Acceptable Acquisition And Relocation Records 10 1-5.
Make, or permit any of its Subsidiaries to make, any Acquisition other than an Acceptable Acquisition.
Mehmet Beşikçi, “Birinci Dünya Savaşı’nda Devlet Đktidarı ve Đç Güvenlik…”, p.154; Cengiz Mutlu, Birinci Dünya Savaşı’nda Amele Taburları, Đstanbul, 2007.
Reducing Revolver Loans made hereunder to fund Acceptable Acquisitions shall not require the prior written consent of the Agent or the Required Lenders except as required in subpart (c) of the definition of Acceptable Acquisition.
A Reducing Revolver Loan requested to fund any Acceptable Acquisition shall be funded in a single advance.
More Definitions of Acceptable Acquisition
Acceptable Acquisition means any separate individual Acquisition completed after the date of this Agreement which has been either (a) approved by the Board of Directors of the corporation, or the comparable or appropriate body of any other Person, which is the subject of such Acquisition or (b) recommended by such Board to the shareholders of such corporation, or by such other body to the equity holders of such other Person, and in each case (i) the Acquisition target is a Person which is engaged in the replacement tire industry, (ii) the aggregate consideration for the Acquisitions shall not exceed $40,000,000 in any one calendar year, (iii) the aggregate consideration for all Acquisitions completed after the date of this Agreement shall not exceed $75,000,000, provided that this amount shall be increased on an annual basis by 25% of the Borrower's Consolidated Net Income for each completed fiscal year commencing with its 2003 fiscal year and (iv) the Acquisition is made under circumstances in which no Default or Event of Default will either exist or result therefrom, and in which pro forma financial statements and projections including the Borrower, its Subsidiaries and the Person and/or assets to be acquired, covering the most recent 12 month period for which financial statements are available and the twelve months following the Acquisition, would show that no Default or Event of Default will result from the Acquisition and that Borrower will have unused Revolving Credit Commitments upon consummation of such Acquisition aggregating not less than $20,000,000. As used in this paragraph, "Acquisition" means any transaction pursuant to which the Borrower or any of its Wholly-Owned Subsidiaries (a) acquires all of the outstanding equity securities of any Person other than the Borrower or any Person which is then a Wholly-Owned Subsidiary of the Borrower, or (b) otherwise makes any Person a Wholly-Owned Subsidiary of the Borrower, in any case pursuant to a merger, purchase of assets or any reorganization, or (c) purchases all or substantially all of the business or assets of any Person other than a Wholly-Owned Subsidiary of the Borrower or of any business unit or line of business of any such Persons;
Acceptable Acquisition means an Acquisition:
Acceptable Acquisition has the meaning set forth in Section 6.04.
Acceptable Acquisition. (collectively, "Acceptable Acquisitions") means an Acquisition where (i) the Acquisition has been approved by the board of directors or similar governing body of the entity, whose assets, business, or securities are to be acquired or purchased, (ii) immediately after such Acquisition, the Borrower would be in compliance with the terms and conditions of this Agreement on a pro forma basis, and (iii) the business of the person or entity to be acquired is substantially similar to the existing business of the Borrower.
Acceptable Acquisition means any transaction completed after the Effective Date pursuant to which any Borrower or any of its Wholly-Owned Subsidiaries (a) acquires all of the outstanding equity securities of any Person other than the Borrowers or any Person which is then a Wholly-Owned Subsidiary of any Borrower, (b) otherwise makes any Person a Wholly-Owned Subsidiary of any Borrower, in any case pursuant to a merger, purchase of assets or any reorganization or (c) purchases all or substantially all of the business or assets of any Person other than a Wholly-Owned Subsidiary of the Borrowers or of any business unit or line of business of any such Persons if (i) such transaction has been either (1) approved by the Board of Directors of the corporation, or the comparable or appropriate body of any other Person, which is the subject of such transaction or (2) recommended by such Board to the shareholders of such corporation, or by such other body to the equity holders of such other Person, (ii) the target of the transaction is a Person which is engaged in the replacement tire industry, (iii) no Default or Event of Default shall have occurred and be continuing or would result therefrom and (iv) pro forma financial statements and projections including Holdings, its Subsidiaries and the Person and/or assets to be acquired, covering the most recent 12 month period for which financial statements are available and the twelve months following the transaction, show that no Default or Event of Default would result from such transaction.
Acceptable Acquisition means any Acquisition which (a) has been either (i) approved by the Board of Directors of the corporation which is the subject of such Acquisition or (ii) recommended by such Board to the shareholders of such corporation; and (b) is for a business within similar or complementary lines of business as conducted by the Company on the date hereof; and (c) whose total purchase price is $50,000,000 or less; and (d) when added to the purchase price of all other Acquisitions within the twelve (12) months immediately preceding the date on which such Acquisition closes, shall not render the aggregate purchase prices for Acquisitions in such period greater than $50,000,000 (of which no more than $20,000,000 shall be capital contributions or commitments to make capital contributions to any partnerships or joint ventures in which the Company or any of its Subsidiaries owns less than fifty percent (50%) of the partnership interests or joint venture interests).
Acceptable Acquisition is hereby changed to read as follows: