Examples of Parent Contribution in a sentence
This letter agreement may only be enforced (i) by Holdco or Parent, (ii) by the Company to seek specific performance of the Investor's obligations to fund the Contribution, (iii) by the Company to seek specific performance of Holdco's obligations under Section 1 of this letter agreement to fund the Holdco to Parent Contribution, in the case of each of clause (ii) and clause (iii), in accordance with the Merger Agreement or (iv) by the Company, as set forth in Section 7 of this letter agreement.
The proceeds of the Holdco Contribution, along with the amounts to be paid by all other Investors (the "Other Investors") to Holdco under their respective Equity Commitment Letters, shall promptly upon receipt be further contributed by Holdco, as an equity contribution to Parent (collectively, the "Holdco to Parent Contribution").
In exchange for the Parent Contribution, ASARCO USA Incorporated or its designee shall receive the New Equity Interests on the Effective Date.
Except for the obligations of the Settlement Facility pursuant to this Plan, the Settlement Facility Contribution and the Parent Contribution shall be vested in the Settlement Facility free and clear of all Claims, Equity Interests, encumbrances, and other claims or interests of any Entity.
In the event the Effective Date occurs after March 31, 2016, the Reorganized Debtors shall pay interest on the Settlement Facility Contribution, the Parent Contribution, and the Litigation Fund Contribution from March 31, 2016 to the Effective Date at the greater of the applicable one-year Treasury rate or the rate that the Debtors achieve on their cash balances during that period.