Permitted Target definition

Permitted Target means a Person with operations or a business line in the same business as, or a substantially related business to, the operations and business of the Borrower and its Subsidiaries as then being conducted.
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Permitted Target is defined in Section 1(b)(3) of Exhibit L.
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Permitted Target means, for any Permitted Acquisition or Permitted Disposition, the assets or Equity Interests, as the case may be, acquired or disposed of by a Loan Party or its Subsidiaries in connection with such Permitted Acquisition or Permitted Disposition.
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Examples of Permitted Target in a sentence

  • If Intellia believes that the actual costs in relation to its Product R&D Program activities during a Contract Year will exceed the allocated budget (plus the Permitted Target Development Overage, as applicable) for all such activities during such Contract Year, Intellia may request the JSC to review and approve such activities and the costs thereof before undertaking such excess cost.

  • The proceeds of the Closing Date Term Loans, together with proceeds of the Revolving Loans, shall be used on the Closing Date to refinance all Indebtedness of the Borrower and its Subsidiaries (including the Target and its Subsidiaries), other than Permitted Borrower Indebtedness and Permitted Target Indebtedness, to finance a portion of the Designated Acquisition and to pay related fees and expenses.

  • EBITDA of Permitted Targets EBITDA of Permitted Target, calculated as if the relevant acquisition or disposition occurred on the first day of such Reference Period: $ 4 Annex I to Schedule 5 only needs to be included in a Compliance Certificate if any Permitted Targets have been acquired pursuant to any Permitted Acquisition or Permitted Disposition consummated during the Reference Period.

  • The Administrative Agent shall have received or shall concurrently receive satisfactory evidence that all Indebtedness of the Borrower and its Subsidiaries, including all Indebtedness of the Target and its Subsidiaries (other than Permitted Borrower Indebtedness and Permitted Target Indebtedness) shall have been terminated and all amounts thereunder shall have been paid in full and satisfactory arrangements shall have been made for the termination of all Liens granted in connection therewith.

  • The proceeds of any Term Loan shall not be used for any purposes other than to finance a portion of the consideration payable in connection with a Proposed Acquisition of a Permitted Target.

  • Borrower shall use the proceeds of each Credit Extension to pay a portion of the consideration payable in connection with a Proposed Acquisition of a Permitted Target.


More Definitions of Permitted Target

Permitted Target means a corporation, limited liability company or partnership engaged in a related line of business of the Parent or its Wholly-Owned Subsidiaries.
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Permitted Target means the Person identified by the Borrower in writing to the Administrative Agent as the "Permitted Target" prior to the Closing Date.
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Permitted Target has the meaning given to that phrase in Clause 11.6(e);
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Related to Permitted Target

  • Collaboration Target means the Initial Collaboration Targets set forth on Exhibit F and any Additional Target or Substitute Target that is selected in accordance with Section 3.3 of this Agreement.

  • Acquisition Target means any Person becoming a Subsidiary of the Company after the date hereof; any Person that is merged into or consolidated with the Company or any Subsidiary of the Company after the date hereof; or any Person with respect to which all or a substantial part of that Person’s assets are acquired by the Company or any Subsidiary of the Company after the date hereof.

  • Sanctioned Target means any target of Sanctions, including: (a) Persons on any list of targets identified or designated pursuant to any Sanctions, (b) Persons, countries, or territories that are the target of any territorial or country-based Sanctions program, (c) Persons that are a target of Sanctions due to their ownership or control by any Sanctioned Target(s), or (d) otherwise a target of Sanctions, including vessels and aircraft, that are designated under any Sanctions program.

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Permitted Transfers has the meaning set forth in Section 4.2.17(d).

  • Exempt Person means the Company, any subsidiary of the Company, any employee benefit plan of the Company or any subsidiary of the Company, and any Person organized, appointed or established by the Company for or pursuant to the terms of any such plan.

  • Independent candidate means any candidate who claims not to be affiliated with a political party, and whose name has been certified on the office-type ballot at a general or special election through the filing of a statement of candidacy and nominating petition, as prescribed in section 3513.257 of the Revised Code.

  • Development Candidate means a Compound that meets the Development Candidate Criteria for the initiation of a Development Program for the treatment of CF, and which is the subject of a notice from Vertex to CFFT that Vertex intends to commence formal pre-clinical development of the Compound in the Field pursuant to the provisions of Section 3.1 hereof.

  • continuing candidate means any candidate not deemed to be elected, and not excluded,

  • Collaboration Compound means any of the following: (a) FG-4592, (b) any HIF Compound (other than FG-4592) that is added to this Agreement pursuant to Section 3.6, and (c) any salts, esters, complexes, chelates, crystalline and amorphous morphic forms, pegylated forms, enantiomers (excluding regioisomers), prodrugs, solvates, metabolites and catabolites of any of the foregoing ((a) or (b)).

  • Permitted Affiliate means with respect to any Person (a) any Person that directly or indirectly controls such Person, and (b) any Person which is controlled by or is under common control with such controlling Person. As used in this definition, the term “control” of a Person means the possession, directly or indirectly, of the power to vote eighty percent (80%) or more of any class of voting securities of such Person or to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

  • Exempt compound means the same as defined in Rule 2.

  • Permitted Transaction means any transaction involving (i) a Swap that is not a Required Transaction or (ii) a Required Transaction that is a component of a Covered Package Transaction.

  • Permitted Transactions has the meaning set forth in Section 13(B).

  • Permitted Successor is defined in Section 5.02 of the Sale Agreement.

  • Valid write-in candidate means a candidate who has qualified as a write-in

  • Qualified high-technology business means a business that is either of the following:

  • Permitted Transferee Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.

  • Collaboration IP means Collaboration Know-How and Collaboration Patents.

  • Qualified third party means 1 or more of the following:

  • Permitted Holder means (a) Xxxxxxx X. Xxxxxxx, (b) any of his immediate family members or his or their respective heirs by operation of law, will or intestacy or (c) any trust, corporation, partnership or other entity, the beneficiaries, stockholders, partners, owners or Persons beneficially holding a 50.1% or more controlling interest of which consist of Xxxxxxx X. Xxxxxxx and/or his immediate family members.

  • Permitted Dividend has the meaning provided in Section 6.1(d).

  • X-ray field means that area of the intersection of the useful beam and any one of the set of planes parallel to and including the plane of the image receptor, whose perimeter is the locus of points at which the exposure rate is one-fourth of the maximum in the intersection.

  • Permitted Number means one (1) unless otherwise indicated under a valid license (e.g. volume license) granted by Investintech or agreed to in writing by Investintech.