Acquisition Interest Expense definition
Acquisition Interest Expense means ECC's interest expense associated with (i) the debentures that were issued to help finance the cash portion of the consideration that was paid in the merger and acquisition of the RGS Energy Group, Inc., and (ii) the unsecured debt that was issued to help finance the cash portions of the consideration that was used in the acquisitions of CMP Group, CTG Resources and Berkshire Energy. Moreover, in order to effect PUHCA Rule 45(c)(5), if EEC is a Section 3 Member, for purposes of Section 3(c)(ii), above, and Section 3(f)(i)(B), above, there shall be excluded with respect to EEC only so much of EEC's "Corporate Taxable Loss" (as defined in Section 20(c), above) as does not exceed the amount of EEC's "Acquisition Interest Expense" (as defined in Section 20(e), above). Consequently, the excess loss over and above Acquisition Interest Expense shall inure to the benefit of the other Members.
Acquisition Interest Expense shall have the meaning as specified in Section 2.6(b)(ii).
Examples of Acquisition Interest Expense in a sentence
For purposes of calculating Acquisition Interest Expense for any Target Year, the purchase price of an acquired business ("Acquisition Amount") shall be reduced by the net positive cash flow of such acquired business (if any) generated during the period commencing with the date of such acquisition and ending on the day immediately preceding the first day of such Target Year ("Pre-Target Year Cash Flow").