Examples of New Money Investment in a sentence
Except as otherwise provided in the Plan or the Confirmation Order, the Reorganized Debtors shall fund distributions under the Plan with (i) Cash on hand; (ii) Cash proceeds from the New Money Investment; and (iii) the proceeds of the Exit Term Loan Facility.
On the Effective Date, if the Term Loan Lenders are the Winning Bidder, the Reorganized Debtors shall receive the New Money Investment.
On the Effective Date, in accordance with the Equity Commitment Documents and subject to the terms and conditions thereof, the Equity Commitment Parties shall fund the New Money Investment in exchange for Reorganized Hertz Parent Common Interests and Preferred Stock.
The Reorganized Debtors shall use proceeds of the New Money Investment to fund ongoing operations.
Please note that the New Money Investment will dilute the Interests held by holders of Existing NORDAM Parent Interests in Class 7 (indirectly by diluting New Units held by NewCo).