Common use of Restrictions on Acquisitions Clause in Contracts

Restrictions on Acquisitions. Prior to the consummation of a Qualified IPO, the Company shall not, and shall not permit any Guarantor or other Subsidiary to, make any investment, or acquire the capital shares, assets or business of, any Person, whether in a single transaction or a series of related transactions, for purchase price in excess of $5,000,000 per transaction and $10,000,000 in the aggregate in any fiscal year.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Mitel Networks Corp), Securities Purchase Agreement (Mitel Networks Corp)