NRG Settlement definition
Examples of NRG Settlement in a sentence
Notwithstanding anything in this Agreement to the contrary, no Tax shall be treated as solely attributable to the NRG Settlement Payment to the extent income attributable to the NRG Settlement Payment is offset by a deduction attributable to such payment such that it is reasonably determined that there was no net Tax liability directly attributable to the NRG Settlement Payment.
On the Effective Date, in full satisfaction of each Allowed Revolving Credit Facility Claim, each Holder thereof shall receive payment in full in Cash in accordance with the NRG Settlement.
For the avoidance of doubt, the NRG Parties shall include each named defendant in the Noteholder Litigation other than GenOn. NRG Settlement The settlement, by and among the Ad Hoc Committee, NRG, GenOn, and GAG, to be implemented in connection with the Restructuring, the material terms of which are set forth in the Settlement Term Sheet.
Claims On the Effective Date, NRG shall be entitled to setoff against the amount of the NRG Settlement Payment any claims for outstanding cash borrowings or other amounts owed to NRG under the Revolving Credit Agreement, which claims shall be deemed allowed by the Bankruptcy Court.
Settlement Term Sheet The term sheet attached as Exhibit 2 to this Restructuring Term Sheet, which sets forth the material terms of the NRG Settlement.
The parties agree that the NRG Settlement Payment (and such other forms of consideration, if any), and its receipt by GenOn, will be reported on the federal income tax return filed by the NRG consolidated tax group for the taxable year that includes the Effective Date, and any resulting income tax consequences will be structured as tax efficiently as possible for GenOn, and NRG will treat such payments as a capital contribution to the extent permitted under applicable law.