Examples of Description of Structure in a sentence
The New Class B CVRs and/or the New Class B CVR Documents will contain restrictions that would prevent transfers of the New Class B CVRs, if such transfer could require any of the Reorganized Debtors (or another applicable Entity as set forth in the Description of Structure) to become a reporting entity under Section 12 of the Exchange Act.
Each such manager, managing member and/or officer shall serve from and after the Effective Date pursuant to applicable law and the terms of the New Governance Documents and the other constituent and organizational documents of the applicable Reorganized Debtors and/or other applicable Entity as set forth in the Description of Structure.
On the Effective Date, subject to the terms and conditions of the Restructuring Transactions, Reorganized Parent and/or another applicable Entity as set forth in greater detail in the Description of Structure shall issue the New Equity Interests pursuant to this Plan and the New Governance Documents.
A detailed summary of any known structural changes shall be set forth in the Description of Structure included in the Plan Supplement.
On and after the Effective Date, Reorganized Parent and/or another applicable Entity as set forth in the Description of Structure, as applicable, may adopt and implement the New Management Incentive Plan, whose terms and conditions, including recipients, individual awards and vesting periods, shall be determined by the New Board.
On the Effective Date, subject to any changes described in the Description of Structure, the Old Temple I Interests owned by Parent immediately prior to the Effective Date shall remain effective and outstanding, and shall be owned and held by Reorganized Parent.
Upon the Effective Date, after giving effect to the transactions contemplated hereby, the authorized shares or units of New Equity Interests of Reorganized Parent and/or another applicable Entity as set forth in greater detail in the Description of Structure shall be that number of shares or units as may be designated in the New Governance Documents.
Temple I shall continue to be governed by the terms and conditions of its applicable organizational documents as in effect immediately prior to the Effective Date, except as amended or modified by this Plan or the Description of Structure or amended or amended and restated organizational documents.
To the extent known, any such Restructuring Transactions will be summarized in the Description of Structure, and in all cases, such transactions shall be subject to the terms and conditions of this Plan and the Restructuring Documents and any consents or approvals required hereunder or thereunder.
All documentation with respect to the New Stockholders’ Agreement shall be in form and substance reasonably acceptable to the Debtors or Reorganized Debtors, as applicable, the Required Tranche B DIP Lenders, and, if the holders of New Warrants are required to be parties to the New Stockholders’ Agreement pursuant to the Description of Structure, the Creditors’ Committee.