New Membership Interest definition

New Membership Interest has the meaning set forth in the Recitals to this Agreement.
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New Membership Interest means the Membership Interests to be issued by the Company to NGA pursuant to Article IX of this Operating Agreement with all rights and limitations as set forth herein.
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New Membership Interest means one of the ordinary membership interests of Reorganized CHC to be issued on the Effective Date.New Second Lien Convertible Notes means the New Second Lien Convertible Notes due three-and-a-half years from the Effective Date, issued pursuant to the New Second Lien Convertible Notes Indenture in the initial aggregate principal amount of Four Hundred Sixty-Four Million One Hundred Forty-Eight Thousand One Hundred Forty-Eight Dollars ($464,148,148).New Second Lien Convertible Notes Documents means, collectively, the New Second Lien Convertible Notes Indenture and all other agreements, documents, and instruments delivered or entered into in connection therewith (including any guarantee agreements and collateral documentation).New Second Lien Convertible Notes Indenture means that certain Indenture, to be dated as of the Effective Date, by and among Reorganized CHC, CHC Finance, the guarantors party thereto, and the New Second Lien Convertible Notes Indenture Trustee, substantially in the form contained in the Plan Supplement and the terms of which shall be reasonably acceptable to the Debtors, the Creditors’ Committee, the Requisite Plan Sponsors, and, to the extent set forth in the Plan Support Agreement, Milestone and the Individual Creditor Parties.New Second Lien Convertible Notes Indenture Trustee means The Bank of New York Mellon, solely in its capacity as indenture trustee under the New Second Lien Convertible Notes Indenture.New Unsecured Notes means the New Unsecured Notes due seven (7) years from the Effective Date issued pursuant to the New Unsecured Notes Indenture in the aggregate principal amount of Thirty-Seven Million Five Hundred Thousand Dollars ($37,500,000), less the Convenience Claim Distribution Amount.New Unsecured Notes Indenture means that certain Indenture, to be dated as of the Effective Date, by and among Reorganized CHC, CHC Finance, the guarantors party thereto, and the New Unsecured Notes Indenture Trustee, substantially in the form contained in the Plan Supplement and the terms of which shall be reasonably acceptable to the Debtors, the Creditors’ Committee, the Requisite Plan Sponsors, and, to the extent set forth in the Plan Support Agreement, Milestone and the Individual Creditor Parties.New Unsecured Notes Indenture Trustee means The Bank of New York Mellon, solely in its capacity as indenture trustee under the New Unsecured Notes Indenture.Non-Eligible Offeree means a holder of an Allowed Senior Secured Notes Claim or ...
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Examples of New Membership Interest in a sentence

  • Each share of New Class B Common Stock will be paired with one New Membership Interest and the New Class B Common Stock shall only be transferable with an equal number of New Membership Interests.

  • A U.S. Person who recognizes capital losses as a result of the distribution under the Plan, as a Holder of a New Membership Interest, or as a result of a disposition of a New Membership Interest, New Secured Debt or Litigation Trust Interests, will be subject to limits on the use of such capital losses.

  • Enrich recreational and sports activities of employeesTo promote healthy and harmonious development of labor relations, motivate work enthusiasm of group members and promote internal cohesion, the Group has organized various types of rich and colorful recreational and sports activities for employees and provided demonstration space for employees.

  • If a Holder of a New Membership Interest receives a cash distribution (or deemed cash distribution) in an amount that exceeds such Holder’s adjusted tax basis in its interest in the Reorganized Parent, such Holder would be required to recognize, for U.S. federal income tax purposes, gain to the extent of that excess.

  • Gain from the disposition of an New Membership Interest will be treated as ordinary income to the extent of the U.S. Person’s distributive share of any “unrealized receivables” and “inventory items.” Gain or loss will generally be treated as capital gain or loss to the extent a sale of assets by the Reorganized Parent would qualify for such treatment.

  • Such amount would generally be treated as gain from the sale or exchange of its New Membership Interest, as discussed in more detail below.

  • Each share of New Class B Common Stock, together with a corresponding New Membership Interest, may be transferred by its Holder to the Reorganized Partnership in exchange for one share of New Class A Common Stock, pursuant to terms and conditions to be set forth in the New Organizational Documents.

  • Each share of New Class B Common Stock, together with a corresponding New Membership Interest, may be transferred by its holder to the Reorganized Partnership in exchange for one share of New Class A Common Stock, pursuant to terms and conditions to be set forth in the New Organizational Documents.

  • SAS is a network airline whose operations are focussed in Denmark, Sweden and Norway.

  • The Carano Interest includes a membership interest in the Company directly owned by Carano (the “Directly Owned Carano Interest”) that represents three percent (3%) of all the membership interests in the Company issued and outstanding on the date of this Agreement, before giving effect to the issuance of the New Membership Interest (as defined).


More Definitions of New Membership Interest

New Membership Interest means the limited liability company interest in the Existing Venture to be issued to Nortel Networks LLC at the Closing as contemplated by Sections 4.01(a) and 4.02(d), with such terms as are set forth in this Agreement (including Exhibit H) and such other terms as may be reasonably agreed by Nortel Networks LLC and the
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New Membership Interest means the limited liability company membership interest representing 100% of the outstanding limited liability company membership interest in FLG LLC.
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New Membership Interest shall have the meaning specified in the second recital.
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New Membership Interest has the meaning specified in Section 2.1.
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New Membership Interest means the membership interest representing 100% of the membership interest in New ATA to be issued to the Buyer under the Plan.
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Related to New Membership Interest

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Membership Interests has the meaning set forth in the recitals.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Membership Units means membership interests in the Company.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • LLC Interest means a membership interest or similar interest in a limited liability company.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled, as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Units (other than GP Units).

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • New Members As Defined By the Public Employees’ Pension Reform Act of 2013 (PEPRA)

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Economic Interest Owner means the owner of an Economic Interest who is not a Member.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,