Acquisition Lien definition

Acquisition Lien means any (i) Lien upon any property heretofore or hereafter acquired, created at the time of acquisition or within one year thereafter to secure all or a portion of the purchase price thereof, or existing thereon at the date of acquisition, whether or not assumed by the Company or any Subsidiary, provided that any such Lien shall apply only to the property so acquired and fixed improvements thereon, (ii) Lien upon any property heretofore or hereafter acquired by any corporation that is or becomes a Subsidiary after the date hereof (“Acquired Entity”), provided that any such Lien (1) shall either (A) exist prior to the time the Acquired Entity becomes a Subsidiary or (B) be created at the time the Acquired Entity becomes a Subsidiary or within one year thereafter to secure all or a portion of the acquisition price thereof and (2) shall only apply to those properties owned by the Acquired Entity at the time it becomes a Subsidiary or thereafter acquired by it from sources other than the Company or any other Subsidiary, and (iii) any extension, renewal or refunding, in whole or in part, of any Lien permitted by clause (i) or (ii) above, if limited to the same property or any portion thereof subject to, and securing not more than the amount secured by, the Lien extended, renewed or refunded.
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Acquisition Lien means in respect of the assets of any Person that is the subject of a Permitted Acquisition, a Lien that attaches solely to such assets, is in existence immediately prior to such Acquisition, and was not created in connection with, or in anticipation of, the Acquisition of such Person.
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Acquisition Lien means in respect of the assets of (i) any ---------------- Person that is the subject of a Permitted Acquisition, or (ii) HGI, after giving effect to the HGI Acquisition, or (iii) KKR, after giving effect to the KKR Merger, a Lien that attaches solely to such assets, is in existence immediately prior to such Acquisition, the HGI Acquisition, or the KKR Merger, as the case may be, and was not created in connection with, or in anticipation of, the Acquisition of such Person, the HGI Acquisition, or the KKR Merger, respectively. "FRI-Sub" means FRI-Sub, Inc., a Delaware corporation. -------
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Examples of Acquisition Lien in a sentence

  • As security for the payment and performance of all Secured Obligations the Debtor does hereby grant and assign to the Secured Party Representative for the benefit of the Note Holders, a continuing perfected security interest in all of the Collateral, whether now existing or hereafter arising or acquired and wherever located, subject to the priority, if any, of Existing Liens and pari passu with any Purchase Liens and Acquisition Lien.

  • As of the Report Date, the aggregate amount of Indebtedness secured by a Permitted Acquisition Lien is $ , which amount does not exceed $25,000,000 at any time as permitted pursuant to Section 8.2.1(f) of the Credit Agreement.

  • As security for the payment and performance of all Secured Obligations the Debtor does hereby grant and assign to the Secured Parties a continuing perfected security interest in all of the Collateral, whether now existing or hereafter arising or acquired and wherever located, subject to the priority, if any, of Existing Liens and pari passu with the interest held by Joseph Gunnar & Co, LLC as representative of the $2,000,000 8% note ▇▇▇▇▇▇▇ ▇▇▇ ▇ny Purchase Liens and Acquisition Lien.

  • As security for the payment and performance of all Secured Obligations the Debtor does hereby grant and assign to the Secured Parties a continuing perfected security interest in all of the Collateral, whether now existing or hereafter arising or acquired and wherever located, subject to the priority, if any, of Existing Liens and pari passu with any Purchase Liens and Acquisition Lien.


More Definitions of Acquisition Lien

Acquisition Lien means a single deed of trust for the purpose of securing a loan from an Acquisition Lender to finance (or refinance) the purchase of the Property.
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