Examples of Canadian Reorganization in a sentence
The Canadian Reorganization Order was to be effective subject to the filing of a certificate of the directors of Grace Canada that they were satisfied that Grace Canada was receiving true value on a reasonable and realistic basis in respect of the assets being acquired.
Subject to the requirements of section 1129(a)(5) of the Bankruptcy Code, the Debtors intend to announce prior to the Confirmation Date the identities of the individuals proposed to serve as officers of the Reorganized Debtors and the directors of Reorganized PSC (if the Canadian Reorganization Plan is sanctioned) or Reorganized PSI (if the Alternate Canadian Transactions are implemented or the Canadian Plan Condition is waived).
The time, nature and amount of distributions to holders of Claims in Classes 8B and 8C and Canadian Class 8B and 8C Holders that make the U.S. Plan Election shall be determined upon the approval of the Canadian Reorganization Plan or the Alternate Canadian Transactions, respectively.
The definition of Adjustment Amount in Section 1.1(b) of the Stock Purchase Agreement is hereby amended to insert immediately following the language "excluding Taxes caused by or relating to the Split," the following: "and, other than as provided below, Taxes relating to the Canadian Reorganization (as defined below)".
Notwithstanding anything herein to the contrary, if the Canadian Reorganization Plan is sanctioned, disbursements to holders of Canadian Impaired Unsecured Claims shall be made in compliance with the Canadian Reorganization Plan.