SMP Acquisition definition
SMP Acquisition means the acquisition by Mort▇▇ ▇▇▇th Carolina of the operating assets of SMP pursuant to the SMP Purchase Agreement.
Examples of SMP Acquisition in a sentence
References in this Section to Subsidiaries shall be deemed to include each Acquiree and its subsidiaries prior to, as well as after, consummation of each of the Mid-Central Acquisition and the SMP Acquisition.
The Borrower shall use the proceeds of the initial Loans to finance the Mid-Central Acquisition and (at the Borrower's option) the SMP Acquisition and to repay the Existing Bank Loans in full and terminate the loan agreement under which such credit was extended.