ATC Acquisition definition
Examples of ATC Acquisition in a sentence
The proceeds of the Term Loans shall be used, either directly or indirectly, (i) to finance a portion of the purchase price for the ATC Acquisition, (ii) to finance the repayment in full of all amounts outstanding under the Existing Loan Agreement, (iii) to finance a portion of the purchase price for the Thixoforming Acquisition, (iv) to finance the repayment in full of all amounts outstanding under the Convertible Note Indebtedness, (v) to pay transaction fees and expenses in connection therewith.
The Agent shall have received the certificate required to be delivered pursuant to Section 9.10(e) of the Credit Agreement with respect to the ATC Acquisition.
Non-recurring expenses of the Company incurred in connection with the ATC Acquisition and with the Company's acquisition of Ustman Industries, Inc., which expenses consist of salary and severance relating to terminated employees, duplicate trade show expenses, employee and office related moving expenses, data entry expenses, legal and consulting fees, and banking and accounting fees.
The ATC Acquisition shall be consummated on the Closing Date on terms reasonably satisfactory to the Bank.
The Company shall not permit Transition Expenses in connection with either the ATC Acquisition or the Ustman Industries, Inc.
ATC Acquisition means the acquisition by PAG Investments, LLC of up to all of the equity interests of ATC Holdco from the existing holders thereof.
After payment or accrual of all fees and expenses paid to the Bank or its counsel or otherwise incurred by the Company and its Subsidiaries in connection with the consummation of the ATC Acquisition and this Agreement, the Company shall have cash-on-hand on the Closing Date of at least $500,000.00.
The Borrower will use the proceeds (a) of the Term Loan solely to fund in part the ATC Acquisition, to repay Indebtedness described in SCHEDULE 6.10 hereto, and to support working capital, capital expenditures, and general corporate purposes; and (b) of the Acquisition Loans, solely for Permitted Acquisitions.
Without limitation, the ATC Acquisition shall be deemed a Permitted Acquisition.