Examples of Emergence Transactions in a sentence
There are a small number of posts (known as reserved posts) to which only UK nationals are eligible to apply.
The proceeds of the Revolving Loans on the Effective Date will be used to pay upfront fees, original issue discount and other fees and expenses incurred in connection with the Emergence Transactions in an amount not to exceed $10.0 million.
The consummation of the Emergence Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which the Borrower or any Subsidiary is bound, except for such rights of termination or renegotiation, which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
The Emergence Transactions entered into and to be entered into by each Loan Party are within such Loan Party’s corporate powers and have been duly authorized by all necessary corporate and, if required, stockholder action.
On and immediately after the Emergence Date, the Issuers (after giving effect to the issuance of the Securities, the consummation of the Plan of Reorganization, and the Emergence Transactions related thereto as described in each of the Time of Sale Information and the Offering Memorandum) will be Solvent.