Drop-Down Acquisition definition

Drop-Down Acquisition means the acquisition by the Borrower or one or more of its Subsidiaries, in a single transaction or in a series of related transactions, of property or assets from another Person (other than the Borrower or any of its Subsidiaries), so long as the property or assets being acquired is engaged or used (or intended to be used), as applicable, primarily in the midstream energy business.
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Drop-Down Acquisition means any acquisition by the Administrative Borrower or any Restricted Subsidiary of a Facility (or of Equity Interests of any Person owning a Facility) from Enviva Holdings, LP or its Affiliates (other than the Administrative Borrower or its Wholly Owned Restricted Subsidiaries). For the avoidance of doubt, no Material Project shall be considered a Drop-Down Acquisition.
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Drop-Down Acquisition means (i) any acquisition by the Borrower or one or more of its Subsidiaries of property or assets (including Equity Interests of any Person but excluding capital expenditures or acquisitions of inventory or supplies in the ordinary course of business) from Crestwood Holdings or any its subsidiaries or Affiliates (other than Crestwood Equity Partners or any of its Subsidiaries) or (ii) any Group Acquisition.
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Examples of Drop-Down Acquisition in a sentence

  • Execution and delivery by TMG and certain of its Affiliates, the Borrower and the Agent of the TMG /TPSI Acknowledgment Agreement (together with any acknowledgement agreement required by Section 7.8(d) in connection with Drop-Down Acquisition to the extent such Drop-Dead Acquisition occurs on or before the Closing Date).


More Definitions of Drop-Down Acquisition

Drop-Down Acquisition means any acquisition by any Credit Party of Equity Interests in any Person from REI or any direct or indirect subsidiary thereof (other than another Credit Party).
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Drop-Down Acquisition means any acquisition by the Borrower or one or more of its Subsidiaries of property or assets (including Equity Interests of any Person but excluding capital expenditures or acquisitions of inventory or supplies in the ordinary course of business) from the Permitted Holders or any of their subsidiaries or Affiliates (other than the Parent or any of its Subsidiaries); provided that approval of the Conflicts Committee shall be required for any Drop-Down Acquisition the aggregate fair market value of cash and non-cash consideration for which exceeds $10,000,000.
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Drop-Down Acquisition means the acquisition by the Borrower of the Drop-Down Assets pursuant to the terms of the Omnibus Agreement on or after the Closing Date provided that such acquisition is approved by the Conflicts Committee of the Board of Directors of the General Partner.
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Related to Drop-Down Acquisition

  • Permitted Acquisition means any acquisition by Borrower or any of its wholly-owned Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, any Person; provided that:

  • Business Acquisition means the acquisition of a company or any shares or securities or a business or undertaking (or, in each case, any interest in any of them) or the incorporation of a company.

  • Hostile Acquisition means (a) the acquisition of the Equity Interests of a Person through a tender offer or similar solicitation of the owners of such Equity Interests which has not been approved (prior to such acquisition) by the board of directors (or any other applicable governing body) of such Person or by similar action if such Person is not a corporation and (b) any such acquisition as to which such approval has been withdrawn.

  • Target Acquisition means the acquisition of Target Shares by Purchaser pursuant to a Scheme or an Offer.

  • Proposed Acquisition means the proposed acquisition by the Borrower or any of its Subsidiaries of all or substantially all of the assets or Stock of any Proposed Acquisition Target, or the merger of any Proposed Acquisition Target with or into the Borrower or any Subsidiary of the Borrower (and, in the case of a merger with the Borrower, with the Borrower being the surviving corporation).