New Common Equity definition

New Common Equity means the common stock, limited liability company membership units, or functional equivalent thereof of Reorganized Parent to be issued on the Effective Date.

New Common Equity means common equity in Reorganized NBC.

New Common Equity means ordinary shares of the Reorganized Parent, as applicable, to be issued on the Effective Date.

Examples of New Common Equity in a sentence

• All of the shares of New Common Equity issued pursuant to the Plan shall be duly authorized, validly issued, fully paid, and non-assessable.

• Each distribution and issuance of the New Common Equity under the Plan shall be governed by the terms and conditions set forth in the Plan applicable to such distribution, issuance, and/or dilution, as applicable, and by the terms and conditions of the instruments evidencing or relating to such distribution, issuance, and/or dilution, as applicable, including the New Organizational Documents, which terms and conditions shall bind each Entity receiving such distribution of the New Common Equity.

• All of the New Common Equity issued under the Plan shall be duly authorized, validly issued, fully paid, and non-assessable.

• No fractional shares of New Common Equity shall be distributed and no Cash shall be distributed in lieu of such fractional amounts.

• The issuance of New Common Equity shall be authorized without the need for any further corporate action and without any action by the Holders of Claims or other parties in interest.

More Definitions of New Common Equity

New Common Equity means the common equity in Reorganized Hexion to be authorized, issued, or reserved on the Effective Date pursuant to the Plan or to be issued upon exercise of the New Warrants.

New Common Equity means the common equity of NewCo Holdings issued on the Effective Date authorized pursuant to the New Organizational Documents of NewCo Holdings, as set forth in the Plan Supplement.

New Common Equity means, collectively, (a) the New Class A Common Stock, including the MIP Equity, (b) the New Class B Common Stock and (c) the New Partnership Interests, as applicable.

New Common Equity means the common equity in Reorganized INAP to be authorized, issued, and outstanding on and after the Effective Date.

New Common Equity means the new common stock of FEAM or, in the event of the In-Court Restructuring, the new common equity interests of Reorganized FEAM, to be issued in accordance with the terms set forth in the Restructuring Term Sheet and the Subscription Agreement.

New Common Equity means a single class of equity interests in a Reorganized Debtor entity to be authorized, issued, or reserved on the Effective Date pursuant to the Plan, in accordance with the terms and conditions set forth in the Restructuring Support Agreement, and as provided in the Restructuring Transactions Memorandum.

New Common Equity means common equity in New NBC.