PPC Acquisition definition
PPC Acquisition means, in each case other than in connection with the Merger or as otherwise specifically contemplated by this Agreement or the Transaction Agreements, (i) any merger, consolidation, share exchange, business combination, recapitalization or other similar transaction or series of related transactions involving PPC or any Significant Subsidiary of PPC other than any merger of PPC with or into Quaker State or any wholly owned Subsidiary of Quaker State or the merger of Quaker State with or into PPC or any wholly owned subsidiary of PPC; (ii) any sale, lease, exchange, transfer or other disposition of the PPC Assets or any of its Subsidiaries constituting 5% or more of the consolidated PPC Assets or accounting for 5% or more of the consolidated revenues of PPC in any one transaction or in a series of related transactions; (iii) any tender offer, exchange offer or any similar transaction or series of related transactions made by any Person involving PPC Common Stock or the capital stock of any Subsidiary of PPC; (iv) the acquisition by any Person (other than Quaker State or any of its Affiliates) of beneficial ownership (as determined pursuant to Rule 13d-3 of the Exchange Act) or the formation of any group (as defined in Section 13(d) of the Exchange Act) to acquire beneficial ownership (as determined pursuant to Rule 13d-3 of the Exchange Act) of more than five percent of PPC Common Stock or any stock of any Subsidiaries of PPC (other than any such beneficial ownership thereof arising solely from beneficial ownership of Pennzoil Common Stock); or (v) any other substantially similar transaction or series of related transactions that would hinder the consummation of the transactions contemplated by, or otherwise defeat the purposes of, this Agreement or the other Transaction Agreements.
Examples of PPC Acquisition in a sentence
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered in person, by overnight courier or facsimile to the respective parties as follows: If to Purchaser: PPC Acquisition Corp.