Eligible Acquisition definition

Eligible Acquisition means any acquisition by any Obligor (regardless of the structure of the transaction) of the capital stock of, or all or substantially all of the assets of, any Person (or of a line of business or business segment of any Person) that was, immediately prior to such acquisition, engaged primarily in the business of operating correctional and/or detention facilities, substance abuse rehabilitation facilities or related lines of business.

Eligible Acquisition means any acquisition carried out on arm´s length basis, of a business within a similar line of business as the Group.

Eligible Acquisition means any transaction or series of transactions pursuant to or as a result of which the Borrower merges or consolidates with or otherwise acquire all or a substantial portion of the ownership interests or assets or properties of any Person (an "Acquisition") with respect to which all of the Acquisition Conditions and all of the conditions set forth below have been satisfied in full:

Examples of Eligible Acquisition in a sentence

• Evidence to the satisfaction of the Agent that the EBITDA of the business to be acquired in such Eligible Acquisition (based on actual results with Pro Forma Adjustments) for the period of 12 consecutive months most recently preceding the proposed date of such Eligible Acquisition is greater than $1.

• Direct loan advances under the Acquisition Facility will be made by the Bank in amounts of not less than $100,000 to the Borrowers' Account within one Business Day following receipt by the Bank of written request therefore, together with all of the documents needed to substantiate the financing of an Eligible Acquisition.

• At ----------------------------------------------- sole cost and expense (including but not limited to travel, lodging and related costs and expenses) of the Borrower, the Bank and any counsel selected by the Bank may attend any closing of an Eligible Acquisition without regard to location of such closing for the primary purpose of witnessing the execution of and collecting the documents related to such Eligible Acquisition.

• Borrower shall not (and shall not permit --------------------------- any of its Subsidiaries to), directly or indirectly, by operation of law or otherwise, merge with, consolidate with, acquire all or substantially all of the assets or capital stock of, or otherwise combine with, any Person, except as part of an Eligible Acquisition, or form or acquire any Subsidiary, other than a Special Purpose Subsidiary.

• Evidence to the satisfaction of the Administrative Agent that the EBITDAR of the business to be acquired in such Eligible Acquisition (based on actual results with Pro Forma Adjustments) for the period of 12 consecutive months most recently preceding the proposed date of such Eligible Acquisition is greater than $1.

More Definitions of Eligible Acquisition

Eligible Acquisition means an acquisition of a company within the same line of business as the Group which has a positive EBITDA pursuant to the most recent financial report available at the time of such acquisition.

Eligible Acquisition means the acquisition by the Issuer or a Guarantor of any entity having an EBITDA of no less than SEK 2,000,000 and acquired at a consideration representing a multiple of EBITDA (including the consideration payable on closing and all earn-out payments) of no more than 9.00:1.

Eligible Acquisition means an Acquisition which meets each of the following conditions:

Eligible Acquisition has the meaning assigned to such term in Section 7.03(h).

Eligible Acquisition means an acquisition, whether through purchase, farm in or other means, of any oil or natural gas rights or interests to the extent contained in an Eligible Area but excludes any rights or interests that would be subject to preferential rights of purchase for a third party upon any proposed disposition to Disclosing Party which such third party will not waive on prior request and, for certainty, also excludes an acquisition of shares in a corporation or an interest in a partnership unless Control of the corporation or partnership is acquired and the rights or interests within Eligible Areas constitute at least 2/3 of the value of the assets of such Controlled corporation or partnership;

Eligible Acquisition means the acquisition by the Company of the -------------------- assets or Shares of any Person engaged in the business of providing occupational health or other medical services or other related business or activities incidental thereto, provided that prior to such Eligible Acquisition, and after -------- ---- giving effect thereto (including any Company Revolving Credit Loans requested by the Company in connection with such Eligible Acquisition), there shall exist no Company Default or Company Event of Default.

Eligible Acquisition means the acquisition by the Company or any Corporate Guarantor of more than 50% of the capital stock, membership interests or other ownership interests of a Person engaged in the same or similar business as the business of the Company or such Corporate Guarantor or the purchase of all or substantially all of the assets used by such Person in connection with such business or assets comprising a line of business or a division of such Person, provided in each case, (i) no Default or Event of Default shall have occurred and be continuing or would occur after giving effect to such acquisition, including, without limitation, an Event of Default arising from failure to comply with the covenants set forth in Section 7.13, and (ii) in the event of an acquisition of stock or membership interests of a Person, the Board of Directors or other governing body of such Person shall have recommended the sale by its shareholders or its members of their equity interest to the Company or such Corporate Guarantor, as the case may be.