New MSA definition

New MSA means the master services agreement dated as of the Effective Date between Reorganized Cubic Energy and the New Manager, the material terms of which are set forth on Exhibit I to the Plan Support Agreement, and in the form attached to the Plan Supplement, as may be amended, modified or supplemented from time to time in accordance with, if prior to the Effective Date, the Plan Support Agreement and following the Effective Date, the terms thereof.
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New MSA has the meaning specified in Section 7.02.
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New MSA means a master services agreement between reorganized Cubic Energy and Fossil, dated as of the Effective Date, in form and substance reasonably satisfactory to the Prepetition Noteholders and Fossil, the material terms of which are set forth on Exhibit I.
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Examples of New MSA in a sentence

  • Entry into the New MSA Is also Appropriate Under Bankruptcy Code Section 363(b).

  • Under the horizontal test, management agreements like the New MSA are typical arrangements among companies in the Debtor’s industry, particularly with operators backed by capital from private equity funds.

  • Thus, the Debtor’s entry into the New MSA at this time benefits the estate by locking in the favorable economic terms at virtually no premium, and ensuring that there is a knowledgeable and motivated team in place to usher the Debtor through the Sale Process while maximizing estate value.

  • Accordingly, the Debtor believes entry into the New MSA falls within the standard, ordinary course practice of companies in the oil and gas industry and should be permitted.

  • Accordingly, the Debtor’s decision to enter into the New MSA is a sound exercise of its business judgment and is in the best interest of the Debtor, its estate, its creditors, and all parties in interest and, therefore, the Debtor’s entry into the New MSA is appropriate under Bankruptcy Code section 363(b).

  • For example, the Debtor determined that it may cost nearly triple the 3 Capitalized terms used but not otherwise defined herein have the meanings ascribed to them in the New MSA.

  • The Debtor respectfully submits that its entry into the New MSA is an ordinary course transaction that is permitted without Court approval under Bankruptcy Code section 363(c).

  • During negotiation of the terms of the New MSA, he resigned from his position as the Debtor’s Chief Executive Officer, retained separate counsel, and resumed negotiations with the Debtor at arms-length.

  • Nonetheless, out of an abundance of caution, the Debtor is filing this Motion seeking authority to enter into the New MSA.

  • Among other things, the New MSA covers substantially similar Services as those provided under the Existing MSA, which the Debtor entered into in the ordinary course of business prepetition, and which is customary in this industry.


More Definitions of New MSA

New MSA means the Management Services Agreement between SRHI and SCLP.
Sample 1
New MSA means the new management services agreement between the Reorganized Company and the Investor, which shall be in form and substance substantially thesame as the Professional Services Agreement dated as of March 1, 2017, by and among the Company and the Investor; provided that the New MSA shall include a transaction-related fee (which fee shall be identical to the transaction fee provided to the Investor under the existing professional services agreement between the Investor and the Company) payable after the Aggregate Liquidation Preference Amount has been paid to holders of Preferred Equity regardless of whether the New MSA has been terminated, so long as the Investor remains the controlling shareholder of, or otherwise controls the Reorganized Board of, the Reorganized Debtors at the time of a Liquidation Event, but shall not include an annual fee, and shall be for a term ending on the earlier of (x) the date the Investor no longer has a controlling interest in, or otherwise controls the Reorganized Board of the Reorganized Debtors, and (y) the fourth (4th) anniversary of the Effective Date.
Sample 1
New MSA means the management services agreement to be entered into on the Closing Date among Management Co., Xxx and Colliers substantially in the form of the MSA but not including the Long Term Incentive Fee (as defined in the MSA) and such other modifications as agreed to between Colliers, Xxx and Management Co.;
Sample 1

Related to New MSA

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Acquisition Closing Date means the date on which the Acquisition is consummated.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.

  • Second Closing Date means the date of the Second Closing.

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

  • Merger Closing Date the Closing Date (as defined in the Merger Agreement).

  • Equity Commitment Letter has the meaning set forth in Section 4.8.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • IPO Closing Date means the closing date of the IPO.

  • Additional Closing Date shall have the meaning set forth in Section 2.3.2.

  • Price amendment means the amendment to a registration statement filed under the Securities Act of 1933 or, if an amendment is not filed, the prospectus or prospectus supplement filed under the Securities Act of 1933 that includes a statement of the offering price, underwriting and selling discounts or commissions, amount of proceeds, conversion rates, call prices, and other matters dependent upon the offering price.

  • Exit Financing means the financing under the Exit Facility.

  • Side Letter means any side letter executed by an Investor with any Borrower or the Investment Adviser with respect to such Investor’s rights and/or obligations under its Subscription Agreement and any other applicable Operative Document.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Additional Closing has the meaning set forth in Section 2.3.

  • Option Closing Time has the meaning given to it in Section 16(1);