Base Acquisition definition

Base Acquisition means the first acquisition by the Company or any of its Subsidiaries of one or more hospitals.

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Base Acquisition means the acquisition or series of acquisitions by the Company of an equipment rental business or businesses which, in the aggregate, has a 12-month trailing EBITDA of at least $4.5 million.

Base Acquisition means the acquisition by the Company or its Subsidiaries of one or more targets that in the aggregate have Free Cash Flow of at least $3 million on a pro forma basis (after giving effect to such acquisitions) before expenditures for Corporate Overhead over the twelve full calendar months preceding the most recent of such acquisitions.

Examples of Base Acquisition in a sentence

If, following the Base Acquisition, Executive's employment is terminated by Employer without Cause or by Executive for Good Reason, during the Noncompete Period (as defined in Section 8(a) below) and any extension thereof pursuant to Section 8(a), Employer will continue to pay to Executive an amount equal to his Annual Base Salary in effect as of the end of the Employment Period, payable in equal installments on the Employer's regular salary payment dates.
For the avoidance of doubt, if Executive ceases to be employed by any of Employer and its Subsidiaries prior to the date on which the Base Acquisition is consummated, none of the Executive Incentive Units shall be deemed vested.
The Parties acknowledge and agree that the Base Acquisition Price was defined based on the assumption that, on August 31, 2020, the Easynvest Companies, the Easynvest Operational Companies and the Broker, however the case may be, have defined the Minimum Own Funds, the Maximum Debt, the Minimum Equity and the Minimum Basel Index.
Notwithstanding anything in this Agreement to the contrary, if Executive’s employment is terminated without Cause pursuant to clause (ii) above, the portion of the Executive Incentive Units which would have vested if Executive had remained employed with the Company through the immediately succeeding anniversary date of the Base Acquisition following the date of Separation shall be deemed vested.
In the event any of these assumptions are not verified, the Base Acquisition Price shall be adjusted, in conformity with the procedure set forth in Clause 3.5.
Upon consummation of the Base Acquisition, Executive will also receive a bonus equal to the amount necessary to raise his effective Annual Base Salary prior to consummation of the Base Acquisition to $125,000.
Within thirty (30) Business Days of the closing of the FaithNet Acquisition and the Customer Base Acquisition, the Company shall send written notice by facsimile to the Purchaser of the closing date of the FaithNet Acquisition and the Customer Base Acquisition, and the required additional consideration.
During the period from the date hereof until consummation of the Base Acquisition, the Company will pay Executive an annual base salary (the "Annual Base Salary") of $60,000.
In the event that the Company ------------------------ closes the FaithNet Acquisition and the Customer Base Acquisition within ninety (90) days from the date of this Agreement, then the Company shall have the right to require additional consideration in order for the Option to continue.
During the period from the date hereof until consummation of the Base Acquisition, the Company will pay Executive an annual base salary (the "Annual Base Salary") of $150,000.

More Definitions of Base Acquisition

Base Acquisition means the Company's first acquisition of a business engaged in the copier/office equipment dealer industry.

Base Acquisition means an acquisition or series of acquisitions by ---------------- the Company of targets that in the aggregate have EBITDA of at least $2 million on a pro forma basis (giving effect to such acquisitions) before expenditures for Corporate Overhead over the twelve full calendar months preceding the most recent of such acquisitions.