Examples of Plan Effective Date in a sentence
Private Company •On the Plan Effective Date, Reorganized Debtors shall be a private, non-SEC‑reporting company and shall not be required to list the New Equity Interests on any U.S. or foreign stock exchange.
This Agreement shall terminate with respect to all Parties automatically, without any further action required by any Party, immediately upon the occurrence of the Plan Effective Date.
New Equity Interests •On the Plan Effective Date, Reorganized Debtors shall issue a single class of equity interests (the “New Equity Interests”) to the Consenting Noteholders in accordance with the Plan.•The issuance and distribution of the New Equity Interests under the Plan shall be exempt from the registration requirements of the Securities Act of 1933, as amended, and any State or local securities law, pursuant to section 1145 of the Bankruptcy Code.
On the Plan Effective Date, the Term Loan Credit Facility shall be amended and restated, as set forth in the Plan and consistent with the revised terms set forth below to ensure access to liquidity and improved cash flow going-forward.