Examples of Equity Transfer Date in a sentence
Section 301.7701-3) for all tax purposes through the Equity Transfer Date.
If the Transferee waives certain payment conditions for the First Equity Transfer Price in writing, the payment conditions for the First Equity Transfer Price waived will automatically turn into the obligations of the relevant parties after the First Equity Transfer Date unless otherwise specified by the Transferee in writing, and the relevant parties shall perform such obligations as soon as possible after the First Closing Date and before the other time limit notified by the Transferee.
On the Equity Transfer Date, all Existing Equity Interests in Millennium shall be presumed automatically cancelled, released, and extinguished without further action by the Debtors or Reorganized Debtors and the obligations of the Debtors or the Reorganized Debtors thereunder shall be discharged.
Upon the Equity Transfer Date, all debts of the Debtors shall be deemed fixed and adjusted pursuant to the Plan and the Reorganized Debtors shall have no liability on account of any Claims or Equity Interests except as set forth in the Plan and in the Confirmation Order.
The Company agrees to promptly record the pledge in the Company’s register of shareholders on the Effective Equity Transfer Date.
On the Equity Transfer Date, 100% of the Equity Interests of Reorganized Millennium shall be transferred and shall be deemed transferred, on behalf of Holders of Existing Credit Agreement Claims, to New Holdco in exchange for 100% of the New Holdco Common Stock.
On the Equity Transfer Date, but after the transactions described in clause (i) of the definition of Equity Transfer Date, the Reorganized Debtors and New Holdco will be authorized to, and will, issue and execute, as applicable, the New Securities and Debt Documents, in each case without further notice to or order of the Bankruptcy Court, act or action under applicable law, regulation, order, or rule or the vote, consent, authorization or approval of any Entity.
Immediately prior to the Equity Transfer Date, ACC is 33.06%-owned by PMIL.
The9 Computer agrees that the transfer of rights and obligations under the Loan Agreements and the offset of purchase price shall be deemed as the full repayment of loans under the Loan Agreements by Transferor to The9 Company on the Effective Equity Transfer Date.
Under the Trust Agreements, the Trustee had 180 days after the Equity Transfer Date to value the Trust Assets for all U.S. federal income tax purposes.