Interim Acquisition definition
Interim Acquisition means any acquisition by the Company or its Subsidiaries, whether through a single transaction or a series of related transactions, of (a) a majority of the voting equity securities or other controlling ownership interest in another person whether by purchase of such equity or other ownership interest or upon the exercise of an option or warrant for, or conversion of securities into, such equity or other ownership interest, (b) assets of another person which constitute all or substantially all of the assets of such person or of a division, line or business unit of such person or (c) any equity securities, interests or assets that would be reflected in the Company’s consolidated financial statements in accordance with GAAP, in each case, in connection with the Company Business and after the date of the Letter of Intent and prior to the Effective Time.
Interim Acquisition means the Company’s acquisition of the Pre-Closing Acquired Entities.
Examples of Interim Acquisition in a sentence
Therefore, a Pennsylvania interim bank has been incorporated by Parent under the name "UNB Interim Acquisition Bank" which will have no assets (other than a minimum amount of required capital), no liabilities and no business activity, to act in substitution for Temporary Corp.
The parties shall enter into the Interim Acquisition Agreement, in the form attached hereto as Exhibit F, simultaneously with entering into this Agreement.