New Operating Company definition

New Operating Company means a corporation or other Person to be created pursuant to the terms of this Plan or, in the discretion of Kmart’s board of directors after consultation with the Creditors’ Committees and the Plan Investors, a Reorganized Debtor, to be wholly-owned, directly or indirectly, by New Holding Company.
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New Operating Company means any Subsidiary of Ensign, a Holding Company or a Borrower that is created or acquired after the Closing Date in accordance with this Agreement and operates a facility, any other skilled nursing or ancillary skilled nursing facility which is expected to generate or generates Accounts (excluding any Subsidiary which is a real property holding company or operates an assisted living facility).
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New Operating Company means the newly-formed Wholly-Owned Subsidiary of United Industries Corporation, participating in the Asset Drop-Down, which becomes the "Company" hereunder pursuant to the Asset Drop-Down. "Non-Payment Event of Default" means any event (other than a Payment Default) the occurrence of which entitles (or, in the case of any of the events described in clause (vii) of Section 6.01, with the passage of time would entitle) one or more Persons to accelerate the maturity of any Designated Senior Indebtedness.
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Examples of New Operating Company in a sentence

  • All liens and security interests, if any, in the Qualifying Real Estate shall remain intact and attach to the net proceeds therefrom to the same extent, validity, and relative priority as existed on the Effective Date, and all proceeds remaining in the Estates of such Debtors after satisfaction of all Allowed Secured Claims, if any, shall be transferred to the New Operating Company.

  • The New Operating Companies hereby join the Loan Agreement (as amended by this Amendment) each as a Borrower thereunder and agree to be bound by all of the terms thereof, and shall be as if New Operating Company were an original signatory thereto.

  • Each of the Other Unsecured Claimholder's Pro Rata share of the Other Unsecured Claim Cash Payment Amount shall be an obligation of New Holding Company and New Operating Company.

  • OR "REORGANIZED DEBTORS" means, individually, any of New Holding Company, New Operating Company, or any Debtor and, collectively, all of New Holding Company, New Operating Company, and the Debtors, in each case from and after the Effective Date.

  • The Articles of Incorporation (or Certificate of Incorporation or other similar documents, as the case may be) and By-Laws of New Holding Company, New Operating Company, and the other Reorganized Debtors are attached hereto as Exhibit A, Exhibit B, and Exhibit C.

  • After such date, all unclaimed property relating to distributions shall revert to New Operating Company and any New Holding Company Common Stock held for distribution on account of such Claim shall be cancelled and of no further force or effect and all the other unclaimed property shall revert to New Operating Company, free of any restrictions thereon and notwithstanding any federal or state escheat laws to the contrary.

  • The New Holding Companies and the New Operating Company shall be single member limited liability companies treated as disregarded entities for U.S. federal Income Tax purposes.

  • Buyer is only causing the New Operating Company (or any Additional Acquisition Entities, as applicable) to assume the Assumed Liabilities from Seller and the Retained Subsidiaries and is not assuming any other Liability of Seller or any of its Retained Subsidiaries of whatever nature, whether presently in existence or arising hereafter.

  • In such event, the IRS would be expected to argue that the COD income realized on the discharge of debt claims against the Debtors is for the account of New Operating Company as the successor to HLI.

  • Assuming a Taxable Transfer, SGPA will recognize gain or loss upon the deemed transfer to New Operating Company in an amount equal to the difference between the fair market value of the Grove Assets and its tax basis in such Grove Assets.


More Definitions of New Operating Company

New Operating Company means a newly-incorporated, wholly-owned subsidiary of New Parent Company, as described in Section 6.5 of the Plan.
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New Operating Company means the newly-formed Wholly-Owned Subsidiary of United Industries Corporation, which becomes the "Issuer" hereunder pursuant to the Asset Drop-Down.
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New Operating Company has the meaning set forth in the Plan.
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New Operating Company means a corporation to be created pursuant to the terms of the Plan to be wholly-owned by New Holding Company.
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New Operating Company means a corporation or other Person to be created pursuant to the terms of this Plan or, in the sole and absolute discretion of Kmart's board of directors, a Reorganized Debtor, to be wholly-owned, directly or indirectly, by New Holding Company.
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Related to New Operating Company

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Operating Partnership has the meaning set forth in the preamble.

  • Operating Company Number (OCN means the numeric Company Code assigned by NECA identifying CLEC as a Resale or UNE provider.

  • existing company means a company formed and registered under any of the previous companies laws…”

  • GP means Gottbetter & Partners, LLP.

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • economic operator means any natural or legal person or public entity or group of such persons and/or entities, including any temporary association of undertakings, which offers the execution of works and/or a work, the supply of products or the provision of services on the market;

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Partnership Group Member means any member of the Partnership Group.

  • economic operators means the manufacturer, the authorised representative, the importer and the distributor;

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • MLP GP means any general partner of any MLP and any general partner of the general partner of any MLP.

  • Combined Company means Holdco and its consolidated subsidiaries after giving effect to the Business Combination.

  • Parent Holding Company means any direct or indirect parent entity of Holdings which holds directly or indirectly 100% of the Equity Interest of Holdings and which does not hold Capital Stock in any other Person (except for any other Parent Holding Company).

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Company has the meaning set forth in the Preamble.

  • New Company has the meaning given to it in Clause 21.3 of the Trust Deed;

  • Resulting Company means a domestic limited liability company formed as a consequence of a division.

  • Partnership has the meaning set forth in the preamble of this Agreement.

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • co-operative means a co-operative registered in terms of section 7 of Cooperatives Act, 2005 (Act No. 14 of 2005)

  • Holding Companies means, collectively, the Company and Holdings, and each is a “Holding Company”.