Newco Stock definition
Examples of Newco Stock in a sentence
As of the Effective Time, each outstanding share of Newco Stock shall remain outstanding and unchanged.
The Newco Stock and the Newco Notes will be allocated among the Transferors based on the relative net value of the assets transferred to Newco, as determined by the Debtors.
The Transferors may, at the Debtors' and the Banks' discretion, transfer (including, if so desired, by license rather than a complete transfer) all or part of the Selected Business to Newco, one or more newly formed corporations, in exchange for the right to receive the Newco Stock and the Newco Notes.
Immediately after the Effective Time (as defined below), the transactions contemplated by the Newco Stock Purchase Agreement, the Palomino Agreement and the Palomino Credit Enhancement Agreement which are to occur on the Closing Date (as defined below) shall be consummated.
At the Effective Time, each deemed HippoRx Stock Option shall cease to exist and shall be automatically converted into an option to purchase Newco Common Stock (each, a “Newco Stock Option”) on the same terms and conditions as applied to the original Transferring Hippo Option immediately before the Distribution Time and Newco shall assume each such Newco Stock Option.