Propel Acquisition definition

Propel Acquisition means the acquisition by Propel Acquisition LLC of the Propel Group.
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Propel Acquisition means the Borrower’s (a) direct acquisition of all of the Equity Interests in Propel SPV and (b) indirect acquisition of (i) all of the Equity Interests in Propel Energy Services, LLC, a Delaware limited liability company, and (ii) all of the Propel Assets, in each case pursuant to the Propel Acquisition Agreement.
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Examples of Propel Acquisition in a sentence

  • Propel Acquisition LLC Delaware 100% owned by the Borrower Midland India LLC Minnesota 100% owned by Midland International LLC Midland Funding LLC Delaware 100% owned by Midland Portfolio Services, Inc.

  • Notwithstanding the foregoing, the Borrower will be required to comply with this Section (x) with respect to any Subsidiaries of Propel Acquisition LLC to the extent that the provisions of the Propel Indebtedness no longer prohibits the guaranty of the Obligations or the granting of security in respect thereto and (y) with respect to any Immaterial Subsidiary if it ceases to be an Immaterial Subsidiary under the terms of the definition thereof.

  • Any notice, request, demand, claim, or other communication hereunder shall be deemed duly given (a) when delivered, if personally delivered, (b) when receipt is confirmed by non-electronic means, if faxed (with hard copy to follow via first class mail, postage prepaid, or overnight courier), or (c) on the next Business Day after deposit with a reputable overnight courier, in each case addressed to the intended recipient as set forth below: If to Encore: Propel Acquisition LLC c/o Encore Capital Group, Inc.

  • Its: ManagerBy: /s/ ▇▇▇▇▇▇▇▇ ClarkName: ▇▇▇▇▇▇▇▇ ClarkTitle: Executive Vice President, CFO and Treasurer PROPEL FINANCIAL SERVICES, LLCBy: Propel Acquisition LLC Its: Manager By: Encore Capital Group, Inc.

  • Parent and the Company have entered into an Agreement and Plan of Merger (the “Merger Agreement”) of even date herewith, providing for the acquisition by Parent of the Company pursuant to a merger of Propel Acquisition Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent (“Merger Sub”) with and into the Company (the “Merger”) with the Company surviving the Merger as a wholly owned subsidiary of the Parent.

  • Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to them in that certain Agreement and Plan of Merger dated February 23, 2008, by and among the Company, Propel Acquisition Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company, Proprius, Inc.

  • Effective upon the Closing Date (as defined in the Propel Stock Purchase Agreement), each of Propel Acquisition LLC and Propel Funding LLC shall be automatically released from the guaranty of the Guaranteed Obligations under the Multiparty Guaranty.