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

• From and after the Effective Date, Canadian Holdco shall be a wholly-owned subsidiary of Reorganized SSCC and Canadian Newco shall continue to be a wholly-owned subsidiary of Canadian Holdco.

• Canadian Newco shall assume and perform all obligations of SSC Canada or Smurfit-MBI under each of the executory contracts and unexpired leases that shall be assigned to Canadian Newco.

• For the avoidance of doubt, the liabilities assumed by Canadian Newco shall not include any existing or future obligations of any Canadian Debtor under any Non-Qualified Employee Benefit Plans.

• If no Competing Bid is determined by the Canadian Bankruptcy Court to constitute a Superior Competing Bid, the Canadian Assets shall be transferred to Canadian Newco on the Effective Date pursuant to the terms of the Asset Purchase Agreement, and such transfer shall be approved by the Bankruptcy Court pursuant to the Confirmation Order and by the Canadian Bankruptcy Court pursuant to the CCAA Vesting Order.

• Prior to or on the Effective Date, the Debtors or the Reorganized Debtors shall transfer to Canadian Newco the cash necessary to consummate the Canadian Asset Sale.

More Definitions of Canadian Newco

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

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

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

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

Canadian Newco the meaning specified in the preamble to this Agreement.

Canadian Newco in appropriate alphabetical order:

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: