Examples of New Globalstar in a sentence
Our share of the equity interest is approximately 2.7% of New Globalstar, for which we assigned no value.
In such cases with respect to Allowed Claims in any other Class, unclaimed Cash will become property of New Globalstar, free of any restrictions thereon.
PensionsUntil June 1, 2004, substantially all Old and New Globalstar employees and retirees who participated and/or met the vesting criteria for the plan were participants in the Retirement Plan of Space Systems/Loral (the “Loral Plan”), a defined benefit pension plan.
The Cash Purchase Price shall be paid by New Valley by wire transfer of immediately available funds to an account of New Globalstar designated by the Partnership by written notice to New Valley delivered at least two Business Days prior to the Closing Date.
No provision of this Agreement shall constitute a limitation on New Globalstar's or any of its Affiliates' rights to amend, modify or terminate after the Interest Acquisition Date any plans or arrangements sponsored or maintained by New Globalstar or any of its Affiliates.
Without limiting the generality of the foregoing, GLP may assign its rights and obligations under this Settlement Agreement to New Globalstar, including pursuant to a Section 363 Sale or in accordance with the terms of a Confirmation Order.
When any distribution on account of an Allowed Claim would otherwise result in the issuance of a number of New Globalstar Class A Common Stock that is not a whole number, the actual distribution of such New Globalstar Class A Common Stock will be rounded in a manner determined by GCC to be equitable.
New Globalstar may, at its option, employ the Indenture Trustee to act as the Disbursing Agent in respect of Class 4 Claims.
Under the Proposed Restructuring, a management committee would be formed by Loral to provide strategic direction and operations management for the day-to-day operations of New Globalstar (the "Management Committee").
Pursuant to the Plan, GLP will liquidate GLLC [prior to] Globalstar transferring its assets to New Globalstar; however, the liquidation will have no federal income tax effects for either GLP or GLLC, as GLLC is already deemed not to exist.