Examples of Holdings Transaction in a sentence
Holdings has obtained all consents and approvals required from its general and limited partners in order to consummate the Holdings Transaction.
Pursuant to the Holdings Transaction, all outstanding partnership or other equity interests in Holdings shall be cancelled and shall cease to exist, and, in the case of limited partnership interests of Holdings that are not held by the Company, shall be converted into shares of Company Common Stock in accordance with the terms of the Exchange Agreement prior to the Effective Time.
Not, and not permit any other Loan Party to, issue any equity interest other than (a) any issuance by a Subsidiary to Borrower or another Subsidiary in accordance with Section 7.4, (b) any issuance of options pursuant to the Borrower Stock Option Plan or any issuance of stock upon the exercise of such options, or (c) any issuance of shares of Holdings’ equity securities (or, following a Holdings Transaction and subject to Section 8.1.10, Borrower’s equity securities).
This Agreement constitutes, and each of the Holdings Transaction Documents when so executed and delivered will constitute, legal, valid and (assuming the due execution of such agreements by the other parties hereto and thereto) binding obligations of Holdings, enforceable against Holdings in accordance with their respective terms.
Holdings (i) conducts any business other than its ownership of equity securities of Borrower, the issuance of equity of Holdings permitted hereunder, the conducting of audits, and the other activities of Holdings permitted hereunder, or (ii) incurs any Debt or liabilities other than liabilities incidental to the conduct of its business as permitted hereunder; provided, that Holdings may consummate a Holdings Transaction.
All of the issued and outstanding equity of Holdings is owned as set forth on Schedule 5.8 as of the Closing Date (after giving effect to the Related Transactions), all of the issued and outstanding equity of Borrower prior to a Holdings Transaction is owned by Holdings except for equity issued pursuant to the Borrower Stock Option Plan, and, except as set forth on Schedule 5.8, all of the issued and outstanding equity of each Wholly-Owned Subsidiary is, directly or indirectly, owned by Borrower.
All of the Series A Preferred Units, including units held by Southcross Energy LLC, were converted to common units on August 4, 2014 in connection with the Holdings Transaction.
This Agreement has been, and each of the other Holdings Transaction Documents will be at or prior to the Closing, duly and validly executed and delivered by Holdings.
Common control began on August 4, 2014 concurrent with the consummation of the Holdings Transaction and the Drop-Down Transaction.
No consent, approval, order or authorization --------------------- of, or registration, qualification, designation, declaration or filing with, any Governmental Authority is required on the part of Holdings in connection with the execution and delivery of this Agreement or the Holdings Transaction Documents, or the transfer and delivery of the LLC Interest, except such filings as shall have been made prior to and shall be effective on and as of the Closing.