Equitization Restructuring definition

Equitization Restructuring means the transactions and reorganization contemplated by, and pursuant to, this Plan under which the New SRHI Interests are distributed, among other things.

Equitization Restructuring means the transactions contemplated by this Term Sheet that will occur if the Company does not pursue the Toggle Restructuring.

Equitization Restructuring means the transactions and reorganization contemplated by and pursuant to the Plan under which, among other things, the New Units are distributed, which shall occur if the Agent exercises the Plan Toggle Right in accordance with the Bid Procedures and elects to implement an Equitization rather than an Asset Sale Restructuring and, subsequent to the Agent’s exercise of the Plan Toggle Right the Agent does not elect for the Debtors to pursue an alternative bid.

Examples of Equitization Restructuring in a sentence

• If the Equitization Restructuring occurs, the following provisions shall govern.

• The following provisions shall govern the Equitization Restructuring.

• The Debtors and the Plan Sponsor have complied with the Bidding Procedures in pursuing, proposing, and evaluating proposals for Equitization Restructuring and Sale Restructuring.

• Given, among other things, that the timeline and procedures contemplated herein were heavily negotiated with the Plan Sponsor and Ad Hoc Lender Group as part of the Equitization Restructuring, and that the Debtors will accrue considerable expenses the longer these chapter 11 cases remain open, it is essential that the Debtors consummate a value-maximizing restructuring transaction and an expeditious exit from chapter 11.

• If the Equitization Restructuring occurs, each Holder of an Allowed General Unsecured Claim shall receive its Pro Rata share of, at the election of the Debtors, either(a) 100 percent of the New Shopko Interests, subject to dilution by the Plan Sponsor Investment and the Management Incentive Plan, or (b) its Pro Rata share of the GUC Equitization Reserve in one or more distributions.

• Any violation of this section by the User shall be cause for the immediate revocation of authority to operate vehicles in the City’s parks.

• If the Debtors have received no Qualified Bids other than the Equitization Restructuring as of the Bid Deadline, then the Auction will not occur and the Debtors will proceed to seek confirmation of the Equitization Restructuring.

• If the Debtors receive one or more Qualified Bids in addition to the Equitization Restructuring, and the Debtors determine that such Qualified Bid is a higher or better bid than the Equitization Restructuring, the Debtors will conduct the Auction to determine the Winning Bidder with respect to the Transaction.

• In the context of the bidding procedures discussed herein, the Equitization Restructuring serves as a baseline restructuring proposal against which any alternative transaction will be compared.

• If the marketing process results in an Acceptable Alternative Restructuring Proposal, it will be consummated on a schedule substantially similar to that of the Equitization Restructuring pursuant to the milestones set forth in the Restructuring Support Agreement.

More Definitions of Equitization Restructuring

Equitization Restructuring means the restructuring transaction pursuant to the Plan, pursuant to which, among other things, the Initial Plan Sponsors shall receive 100% of the New Common Stock in exchange for the Equitized Claims.

Equitization Restructuring means the transactions and reorganization contemplated by, and pursuant to, this Plan in accordance with Article IV.E of this Plan, under which the New Common Stock is distributed, among other things, which shall occur on the Effective Date if the Asset Sale Restructuring does not occur.

Equitization Restructuring means the transactions and reorganization contemplated by, and pursuant to, this Plan in accordance with Article IV.E of this Plan, under which the New PES Interests are distributed, among other things.

Equitization Restructuring shall have the meaning set forth in the Restructuring Term Sheet.

Equitization Restructuring means any Transaction whereby the New Pier 1 Interests are distributed to holders of existing Term Loan Claims pursuant to the Plan.