Canadian Newco definition

Canadian Newco means a partnership existing under the laws of Ontario and formed for the purpose of purchasing the Canadian Assets from SSC Canada, Smurfit-MBI, MBI Limited, B.C. Shipper Supplies Ltd., and Francobec Company pursuant to the Asset Purchase Agreement and the terms of this Plan.

Canadian Newco means an entity established in Canada by TDCC to which the Canadian Newco Employees shall be transferred on or prior to the Closing;

Canadian Newco means the Canadian entity engaged solely in the corn refining business which will result from the transfer of all of the assets and liabilities of the corn refining business of Canada Starch Operating Company, Inc. to said Canadian entity.

Examples of Canadian Newco in a sentence

• Notwithstanding any provision of this Agreement to the contrary, following the Distribution, if Spinco or any affiliate of Spinco negotiates any changes in benefit levels or cost sharing that increase the retiree benefits for Canadian Newco Employees under a collective bargaining agreement, Spinco shall ensure that such changes will not apply to any persons who retired prior to the Distribution Date.

• Prior to the Effective Date, the Debtors (in consultation with the Committee and the CCAA Monitor) shall establish (a) Canadian Newco as a wholly-owned, direct subsidiary of Canadian Holdco and (b) Canadian Holdco as a wholly-owned, direct or indirect, subsidiary of SSCE.

• On the Effective Date, and pursuant to this Confirmation Order, the CCAA Sanction Order and the CCAA Vesting Order, the Canadian Assets shall transfer to Canadian Newco free and clear of all Liens, Claims, interests and encumbrances other than those liabilities expressly assumed by Canadian Newco in accordance with the terms of the Asset Purchase Agreement.

• Thereafter, the Reorganized Debtors and Canadian Newco may operate their businesses and may use, acquire and dispose of property free of any restrictions of the Bankruptcy Code, the Bankruptcy Rules and the Bankruptcy Court.

• From and after the Effective Date, Canadian Newco shall assume and continue the Canadian Pension Plans, satisfy the minimum funding standards thereunder pursuant to applicable Canadian law, and administer the Canadian Pension Plans in accordance with their terms and the provisions of applicable Canadian law.

More Definitions of Canadian Newco

Canadian Newco means Quicksilver Resources Horn River Inc., an Alberta, Canada corporation and a Wholly-Owned Subsidiary of the Borrower, and the successor by name change to 1373159 Alberta Ltd., an Alberta, Canada corporation.

Canadian Newco means 1373159 Alberta Ltd., an Alberta, Canada corporation and a Wholly-Owned Subsidiary of the Borrower.

Canadian Newco has the meaning given in clause 4.8(a);

Canadian Newco. “Change of Control,” “Collateral,” “Existing Convertible Note Indenture,” “Existing Subordinate Note Indenture,” “Guarantor,” “Guaranty,” “Loan Documents,” “Loan Parties,” “Material Adverse Effect,” “Material Subsidiary,” “Permitted Senior Notes Debt,” “Permitted Senior Notes Documents,” “Required Reserve Value” and “U.S. Required Reserve Value” contained in Section 1.1 of the U.S. Credit Agreement shall be amended in their entirety to read as follows:

Canadian Newco. “Collateral,” “Existing Convertible Note Indenture,” “Existing Subordinate Note Indenture,” “Guarantor,” “Guaranty,” “Loan Documents,” “Loan Parties,” “Material Adverse Effect,” “Material Subsidiary,” “Permitted Senior Notes Debt,” “Permitted Senior Notes Documents” and “Required Reserve Value” contained in Section 1.1 of the Canadian Credit Agreement shall be amended in their entirety to read as follows:

Canadian Newco in appropriate alphabetical order:

Canadian Newco shall have the meaning set forth in Section 5.6(f).