Examples of Newco 2 in a sentence
Such loan notes shall be transferred by Equitix Holdco to Aqueduct Newco 2 Limited, an indirectly wholly-owned subsidiary of Bidco (the “KKR Investor”), in consideration for the KKR Investor procuring the issuance of the AssetCo Issuance Shares to Equitix Holdco.
A leaseholder is someone who has been granted a right of leasehold to a particular area of communal land.
In terms of the Business Rescue Plan, the relevant Newco (being Newco 2 as indicated below) shall acquire or have the right to use the IP including the right to use any intellectual property developed pursuant to the Riverston IP Agreement.
However, Riverston has the right to take formal cession of such intellectual property, and to the extent this occurs, such intellectual property is intended to form part of the licence agreement between Riverston and Newco 2 referred to above.
No gain or loss will be recognized by Newco 1 on the transfer of the Business A assets to Newco 2 in exchange for Newco 2 stock and the assumption by Newco 2 of the related liabilities (sections 351(a) and 357(a)).