New Globalstar definition

New Globalstar has the meaning set forth in the introduction to this Agreement;
New Globalstar means the successor entity to the Borrower to be formed in connection with the restructuring of the Borrower pursuant to the Plan of Reorganization or, if the Investment Agreement is terminated, any other plan of reorganization or liquidation.
New Globalstar means the reorganized Debtors, successors to the Debtors under a Plan, or the purchaser of the Debtors' assets, in each case that will, directly or through subsidiaries, contain all or a substantial portion of the Debtors' assets after the Effective Date.

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.


More Definitions of New Globalstar

New Globalstar means New Globalstar Corporation, a Delaware corporation, which was incorporated on May 6, 2003.
New Globalstar has the meaning set forth in the Preamble.
New Globalstar has the meaning specified in the Investment Agreement.

Related to New Globalstar

  • Comcast means Comcast Corporation, a Pennsylvania corporation.

  • GVWR means gross vehicle weight rating.

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Holdco has the meaning set forth in the Preamble.

  • MREL means the Minimum Requirement for own funds and Eligible Liabilities as defined in Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms (as amended from time to time).

  • AMC means Annual Maintenance Contract

  • Sprint means a set period of time during which specific work is realized and made ready for review.

  • Apple means Apple Inc., a California corporation with its principal place of business at Xxx Xxxxx Xxxx Xxx, Xxxxxxxxx, Xxxxxxxxxx 00000, U.S.A.

  • ECC means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Constellation has the meaning assigned to that term in the Recitals.

  • AGL means Atlanta Gas Light Company.

  • CSC means the Civil Service Commission of the City and County of San Francisco.

  • Networks the Local Area Network, network equipment, computer systems, and local cable infrastructure, at the Sites, to which the Service will be connected.

  • New Holdco means the direct or indirect Subsidiary of the Ultimate Parent following the Post-Closing Reorganizations.

  • UCI means an undertaking for collective investment;

  • CPET means the UK Government’s Central Point of Expertise on Timber.

  • Motorola means Motorola, Inc., a Delaware corporation.

  • BCI means the Bar Council of India;

  • Wireless means any FCC-licensed or authorized wireless communication service transmitted over frequencies in the electromagnetic spectrum.

  • Brands means the Sprint PCS Brands and the Sprint Brands.

  • IOSCO means the International Organisation of Securities Commissions.

  • Cendant means Cendant Corporation, a Delaware corporation.

  • Broadband or “Broadband Service” means any service defined as Broadband, or having advanced telecommunications capability, in the most recent Federal Communications Commission inquiry pursuant to Section 706 of the Telecommunications Act of 1996 (P.L. 104-104).2

  • DTS means Days to Settlement, i.e., the number of actual days elapsed from and including the original Closing Day with respect to such Accepted Note (in the case of the first such payment with respect to such Accepted Note) or from and including the date of the next preceding payment (in the case of any subsequent delayed delivery fee payment with respect to such Accepted Note) to but excluding the date of such payment; and "PA" means Principal Amount, i.e., the principal amount of the Accepted Note for which such calculation is being made. In no case shall the Delayed Delivery Fee be less than zero. Nothing contained herein shall obligate any Purchaser to purchase any Accepted Note on any day other than the Closing Day for such Accepted Note, as the same may be rescheduled from time to time in compliance with paragraph 2B(7).

  • EBS means Electronic Bid Submission.

  • BTCo means Bankers Trust Company, in its individual capacity, and any successor corporation thereto by merger, consolidation or otherwise.