Examples of Pace Food in a sentence
Pace Development, Pace Food, and the Bank will waive their right to receive a portion of such cash on account of their unsecured claims.
On the day prior to the Effective Date, in their capacities as direct and indirect shareholders of the Debtors, Pace Development and Pace Food shall contribute to Parent as a capital contribution fifty percent (50%) of the Pace Obligations, provided that Pace Development and Pace Food may elect, in their sole discretion, to contribute such Pace Obligations in any combination as to any Pace Obligations owed to Pace Development and/or Pace Food.
Because Pace Development, Pace Food, and the Bank will not participate in any cash distribution, the Debtors estimate that Holders of General Unsecured Claims who elect to receive cash will receive a distribution of 0-20% of the Allowed Amount of such Claims, depending upon the amount of Allowed General Unsecured Claims and the amount available to satisfy such claims after satisfaction of Administrative and Priority Claims.
Finally, in a liquidation scenario, the Bank, Pace Food and Pace Development would not waive their distribution rights on account of their claims.
The proceeds of the Exit Facility, together with cash on hand and cash from operations (including licensing operations), will be used to pay administrative claims, priority claims, and the DIP Facility Claim, in full, and to make substantial distributions to their trade creditors, landlords, and other Holders of General Unsecured Claims (other than Pace Development, Pace Food, and the Bank).
Subject to the preceding section IV.F.1, the General Unsecured Claims held by each of the Plan Sponsor Parties, and the Class 1 Claim of the Bank, are deemed Allowed and Pace Development, Pace Food, and the Bank are deemed Eligible Holders.
Subject to the preceding paragraph, the General Unsecured Claims held by each of the Plan Sponsor Parties are deemed Allowed and Pace Development, Pace Food, and the Bank are deemed Eligible Holders.
On September 29, 2014, Pace Development Corporation, through its wholly owned subsidiary, Pace Food Retail Co., Ltd.
Pace Capital Contribution On the day prior to the Effective Date, in their capacities as direct and indirect shareholders of the Debtors, Pace Development and Pace Food shall contribute to Parent as a capital contribution fifty percent (50%) of the Pace Obligations, provided that Pace Development and Pace Food may elect, in their sole discretion, to contribute such Pace Obligations in any combination as to any Pace Obligations owed to Pace Development and/or Pace Food.
As at June 30, 2016 and December 31, 2015, investments in shares of subsidiaries are as follows: All of the Pace Project One Co., Ltd., Pace Project Two Co., Ltd., Pace Project Three Co., Ltd., Pace Real Estate Co., Ltd., Pace Food Retail Co., Ltd.