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.
Finally, in a liquidation scenario, the Bank, Pace Food and Pace Development would not waive their distribution rights on account of their claims.
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.
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).
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.
The proceeds of the Exit Facility, together with cash on hand and cash from operations (including from licensing operations under, among others, the Plan Partner Agreement), 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).
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 approximately 20% of the Allowed Amount of such Claims.
As of 31 December 31st, 2014, PACE has 8 subsidiaries which are: Pace Food Retail Co., Ltd.
Bank Loan” means that Loan Advance and Security Agreement between Bank, the Debtors, Pace Development, and Pace Food executed March 27, 2020.