Acquired Unit definition
Acquired Unit means Solutions Consulting, Inc., a wholly owned subsidiary of P▇▇▇▇ Systems that acquired substantially all the assets of a Pennsylvania corporation of the same name, and any successor entity.
Acquired Unit means any division, unit or business which is merged, consolidated, amalgamated with, or acquired by, the Originator or any Original Seller pursuant to an Acquisition; provided, however, that no such division, unit or business shall be an Acquired Unit if such division, unit or business (i) is merged, consolidated, amalgamated with or acquired by the Originator, (ii) shall have reported gross revenues of less than $60,000,000 in its most recently ended fiscal year at the time of such merger, consolidation, amalgamation or acquisition, (iii) is engaged in a business similar to that of the Originator or any Original Seller as of the date hereof, and (iv) is included in the Originator's "SFD" reporting system.
Examples of Acquired Unit in a sentence
No Company Party, nor any Acquired Unit or the Assets is the subject of any pending, rendered or, to the Knowledge of the Company, threatened insolvency proceedings of any character.