Examples of Newco Holdings in a sentence
As of and on the Effective Date and after the completion of the Restructuring Transactions, Newco Holdings shall own 100% of Reorganized Falcon Holdings (subject to possible dilution as a result of the Warrants issued by Reorganized Falcon Holdings) and Reorganized Falcon Holdings shall own 100% of Reorganized Falcon V and 100% of Reorganized ORX.
On the Effective Date, or as soon thereafter as reasonably practical, subject to the terms and conditions of the Restructuring Transaction, Reorganized Falcon Holdings shall issue or cause to be issued its New Equity Interests to Newco Holdings, and also the Warrants for distribution in accordance with the terms of this Plan.
This CODI is not to be confused with the possible gain or loss created by the Restructuring Transactions creating the situation where Newco Holdings is the holder of the Falcon Holdings New Equity Interests, but rather focuses upon and is the consequence of the discharge of prepetition indebtedness resulting from the overall effects of the Restructuring Transactions and discharge of Claims generated by Confirmation.
Although several provisions of the Tax Code can defer or disallow a loss recognized as a result of a transfer of assets under certain circumstances (such as, potentially, a transfer of assets to a corporation for stock in connection with the initial capitalization of the corporation or a transaction between related parties), the Debtors believe such provisions do not apply to the transfer of assets to Newco Holdings pursuant to the Plan.
Debtors submit that they are unable to provide disclosure as to the ownership of Newco Holdings, and therefore submit only that the proposed owners of Newco Holdings seek independent tax advice as to the tax consequences of ownership in Newco Holdings.
After the merger, both Golub and Tops will be subsidiaries of Project P Newco Holdings, Inc.
If the Plan is confirmed and the Effective Date occurs, each Holder of an Allowed Prepetition Lender Secured Claim shall receive, through its ownership of Newco Holdings, its respective Pro Rata share of 100% of the New Equity Interests in Reorganized Falcon Holdings (subject to possible dilution by the Warrants and the Management Incentive Plan and the DIP Claims to the extent the Plan Sponsor elects to convert the DIP Claims into New Equity Interests).
The proposed plans for the building show existing window and door openings to be re-used, the only external change being the addition of a dormer window to facilitate a bathroom within the roof space.
Each partner is urged to consult its tax advisors regarding the tax characterization of any gain or loss realized by us on the transfer of our assets to the holders of Allowed First Lien Lender Secured Claims or Newco Holdings, as applicable, as part of the Plan and the impact of any allocation of COD income to a partner.
D/B/A: Mooo49 MELCHER ST BOSTON, MA 02210License #: LB-98923Holder of a Common Victualler 7 Day All-Alcoholic Beverages License has petitioned to transfer the license from the above- To: Melcher Newco Holdings LLC d/b/a Moo Seaport (at the same location).