LBO definition
Examples of LBO in a sentence
The above options will vest according to the schedule hereinbelow based on the Company's achievement of the annual EBITDA targets set forth in the Management LBO Plan (subject to audited results), as may be amended or revised in good faith by the Board for acquisitions, divestitures, material increases in annual projected capital expenditures (described in Section III below) or other circumstances.
For the avoidance of doubt, Fidelity will only be entitled to a single recovery with respect to the EFH LBO Notes and related guarantees.
Each of LBO, MS and Dover is a corporation duly formed, validly existing and in good standing under the laws of the States of Maine, Vermont and Vermont, respectively, each has all requisite power and authority to carry on its business as presently owned or conducted, and LBO is duly qualified to do business as a foreign corporation in the State of New Hampshire.
Cancellation of any Note represented by this permanent Global Note that is required by the Conditions to be cancelled (other than upon its redemption) shall be effected by reduction in the principal amount of this permanent Global Note representing such Note on its presentation to or to the order of the Issuing and Paying Agent for endorsement in the First Schedule hereto, whereupon the principal amount hereof shall be reduced for all purposes by the amount so cancelled and endorsed.
The provisions of this Article V are in all cases subject to the contractual registration rights granted by that certain Registration Rights Agreement dated July 23, 1991 (the "First Registration Rights Agreement") by and among IBC, Mezzanine Investment Limited Partnership-8, 1987 Merchant Investment Partnership, Merchant LBO Inc.
The Project Budget shall further identify all costs of the Project which may be funded from the proceeds of the Loan, including without limitation, the costs of Borrower incurred in connection with acquiring the stock in LBO (the “Construction Costs”).
The proceeds of the Loan will be used solely for the purposes of (a) acquiring the stock of LBO; (b) funding the debt service reserve to Lender for the Note; and (c) payment of Construction Costs (hereinafter defined).
Assignment of Permits and Licenses from LBO to Lender assigning, to the extent assignable, all building permits for the Project, together with all other permits, authorizations, licenses, approvals, patents, tradenames or other rights as may be necessary to enable Lender to complete the Project.
From 1991 to 1998, Mr. Albani served as the Chief Executive Officer of Electrolux ▇▇▇▇▇▇▇▇▇▇▇ where he was brought in by the company's creditors following an unsuccessful LBO to restore the company to profitability.
Assignment of Rents, Leases and Leasing Agreements from LBO to Lender assigning all rents, issues, profits, and leases now or hereafter entered into with respect to or relating to the Premises (the “Assignment of Rents”).