TaxAct Disposition definition
TaxAct Disposition means the sale consummated pursuant to the Stock Purchase Agreement dated October 31, 2022 (as amended) among the Borrower, TaxAct Holdings, Inc. (f/k/a Avantax Holdings, Inc.) (the “Company”), Franklin Cedar Bidco, LLC, as the buyer (the “Buyer”), and, solely for purposes of certain provisions thereof, DS Admiral B▇▇▇▇, LLC, pursuant to which the Borrower sold the Company, TaxSmart Research, LLC and TaxAct Admin Services LLC to Buyer for an aggregate purchase price of $720,000,000 in cash (subject to adjustment as set forth in such Stock Purchase Agreement).
TaxAct Disposition means the sale consummated pursuant to the Stock Purchase Agreement dated October 31, 2022 (as amended) among the Borrower, TaxAct Holdings, Inc. (f/k/a Avantax Holdings, Inc.) (the “Company”), Franklin Cedar Bidco, LLC, as the buyer (the “Buyer”), and, solely for purposes of certain provisions thereof, DS Admiral Bidco, LLC, pursuant to which the Borrower sold the Company, TaxSmart Research, LLC and TaxAct Admin Services LLC to Buyer for an aggregate purchase price of $720,000,000 in cash (subject to adjustment as set forth in such Stock Purchase Agreement).