New Common Interests definition

New Common Interests means the new common equity of Reorganized Parent to be issued (a) on the Effective Date or thereafter under the Plan or (b) as otherwise permitted pursuant to the Plan and the New Corporate Governance Documents.

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New Common Interests means the shares of common interests in Reorganized CIT authorized under the Plan and Reorganized CIT’s bylaws as of the Effective Date.

New Common Interests means the shares of common interests in Reorganized CIT authorized under Articles IV.B, IV.C, IV.D, IV.E and IV.F hereof and Reorganized CIT’s bylaws as of the Effective Date.

Examples of New Common Interests in a sentence

As it relates to the Second Testing Date, the product of (i) the volume weighted average of the closing price over the consecutive sixty (60) calendar day period immediately prior to the Second Testing Date multiplied by (ii) the number of New Common Interests that comprise the Convertible Noteholders Equity Distribution; and c.
All of the shares, units, or equity interests (as the case may be based on how the New Common Interests is denominated) of New Common Interests (including the Tranche C Commitment Equity) issued or authorized to be issued pursuant to the Prepackaged Plan shall be duly authorized, validly issued, fully paid, and non-assessable.
When any distribution pursuant to the Prepackaged Plan on account of an Allowed Claim or Allowed Interest (if applicable) would otherwise result in the issuance of a number of shares of New Common Interests that is not a whole number, the actual distribution of shares of New Common Interests shall be rounded to the next lower whole number with no further payment therefor.
As of the Effective Date, notwithstanding anything in this Article XI to the contrary, the New Corporate Governance Documents, the New Common Interests, New Exit Facility, and any documents related thereto shall be governed by the jurisdictional provisions therein and the Bankruptcy Court shall not retain jurisdiction with respect thereto.
Up to ten percent (10%) of the New Common Interests on the Effective Date, on a fully diluted basis (including shares issuable under any employee incentive plan), will be reserved for issuance under the Management Incentive Plan.

More Definitions of New Common Interests

New Common Interests means the new common equity of the Issuer to be issued (a) on the Plan Effective Date or thereafter under the Plan of Reorganization or (b) as otherwise permitted pursuant to the Plan of Reorganization and the New Corporate Governance Documents (as defined in the Plan of Reorganization).

New Common Interests means a single class of new common equity interests of Reorganized Parent to be issued (i) on the Effective Date or (ii) as otherwise permitted pursuant to the Plan and the New Corporate Governance Documents.

New Common Interests means common stock, par value $0.0001, of the Company to be issued (a) on the Effective Date or thereafter under the Plan or (b) as otherwise permitted pursuant to the Plan.

New Common Interests means [ ].

New Common Interests depending on the transaction structure, new common interests in New TopCo to be issued on the Effective Date or as otherwise permitted pursuant to the New Corporate Governance Documents.

New Common Interests. All references to “New Common Interests” in the Existing CVR Agreement (including all exhibits and annexes thereto) shall be references to (a) prior to the Merger Effective Time, common stock, par value $0.0001, of the Company issued (x) on the Effective Date of the Existing CVR Agreement or thereafter under the Plan or (y) as otherwise permitted pursuant to the Plan, and (b) from and after the Merger Effective Time, Parent Class A common stock, par value $0.000005 per share (“Parent Common Stock”), which shares of Parent Common Stock are listed on the Nasdaq Global Select Market (for the avoidance of doubt, the number of shares of New Common Interests payable in respect of the CVRs shall be calculated after giving effect to the Exchange Ratio (as defined in the Merger Agreement)).

New Common Interests has the meaning set forth in the Plan.