Plan Trust Common Stock definition

Plan Trust Common Stock means a number of shares of common stock of Reorganized Congoleum constituting 50.1% of the New Common Stock.
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Plan Trust Common Stock means the pro rata share of the common stock of Reorganized Congoleum to be allocated, pursuant to the Confirmation Order, to the Plan Trust in the event that the Senior Note Claims (as a Class) do not vote to accept the Plan.
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Plan Trust Common Stock means the Reserved Common Stock to be allocated, pursuant to a Final Order of the Bankruptcy Court, to the Plan Trust in the event that the Senior Note Claims (as a Class) do not vote to accept the Plan.
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Examples of Plan Trust Common Stock in a sentence

  • The Stockholders Agreement contains customary terms and conditions, including minority stockholder protections, and includes the minority stockholders having both a right of first refusal and right of first offer on the Plan Trust Common Stock.

  • Certain insurance proceeds and certain rights under insurance coverage will be transferred to the Plan Trust, and Reorganized Congoleum also will transfer the Plan Trust Common Stock to the Plan Trust.

  • Dividends on the Plan Trust Common Stock will be includible in gross income by the Plan Trust.

  • Furthermore, unlike the Plan Trust in the Reorganization Cases, a Chapter 7 trustee would not receive the benefits of the Plan Trust Common Stock.

  • Reorganized Congoleum will be issuing Plan Trust Common Stock under the Plan to the Plan Trust, which will represent 50.1% of the outstanding stock of Reorganized Congoleum on the Effective Date and will result in an ownership change under Section 382 of the IRC.

  • Under the Put/Call Agreement (and subject to its terms and conditions), the Plan Trust has the right to sell all, but not less than all, of the Plan Trust Common Stock to the Backstop Participants for an aggregate purchase price of $5.25 million during the 60 days following the Effective Date.

  • Certain insurance proceeds and certain rights under insurance coverage will be transferred to the Plan Trust, and Reorganized Congoleum also will transfer the Plan Trust Common Stock and the Plan Trust Senior Notes to the Plan Trust.

  • If necessary to support a deduction for the fair market value of the New Class A Common Stock or the Plan Trust Common Stock transferred to the Plan Trust, Reorganized Congoleum plans to obtain a qualified appraisal of such securities within the meaning of Treasury Regulation Section 1.468B-3(b).

  • These lawsuits primarily involve claims for damages arising out of the use of the Company’s products, allegations of patent and trademark infringement and trade secret misappropriation, and litigation and administrative proceedings involving employment matters and commercial disputes.

  • On the Effective Date, Congoleum will issue and contribute a convertible promissory note to the Plan Trust (in the event that the Senior Note Claims (as a Class) vote to accept the Plan) or the Plan Trust Common Stock (in the event that the Senior Note Claims (as a Class) do not vote to accept the Plan) in satisfaction of section 524(g) of the Bankruptcy Code.


More Definitions of Plan Trust Common Stock

Plan Trust Common Stock means the Reserved Common Stock to be allocated, pursuant to a Final Order of the Bankruptcy Court, to the Plan Trust in the event that the Senior Note Claims (as a Class) vote to reject the Plan, which in no event will be less than 51% of the voting common shares and total economic equity value of Reorganized Congoleum on a fully diluted based.
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Related to Plan Trust Common Stock

  • Class V Common Stock means the Class V common stock, par value $0.0001 per share, of the Corporation.

  • Class A Common Stock means the Class A Common Stock, par value $.01 per share, of the Company.

  • Class B Common Stock means the Class B common stock, par value $0.0001 per share, of the Company.

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Old Common Stock means the Company's common stock, par value $.01 per share, outstanding as of the date of the Company's filing of the petition commencing the Chapter 11 Case.

  • Purchaser Common Stock means the common stock, par value $0.01 per share, of Purchaser.

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Underlying Common Stock means the Common Stock into which the Notes are convertible or issued upon any such conversion.

  • Class A Common Shares means class A common shares of a nominal or par value of US$0.00001 each in the capital of the Company having the rights provided for in the Memorandum and Articles of Association, and any shares into which such class A common shares may be converted.

  • Class A Stock means the Company's Class A Common Stock, par value $0.01 per share.

  • New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

  • Target Common Stock means the common stock, $.0001 par value per share, of Target.

  • Acquiror Common Stock means the common stock, $0.001 par value per share, of Acquiror.

  • Buyer Common Stock means the common stock, par value $0.01 per share, of Buyer.

  • Class B Common Shares means the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Seller Common Stock means the common stock, par value $0.01 per share, of Seller.

  • Class D Common Stock means the Class D Common Stock, par value $0.01 per share, of the Company.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Company Class A Common Stock means the Class A common stock, par value $0.0001 per share, of the Company.

  • Voting Common Stock means the voting common stock, par value $0.01 per share, of the Company.

  • Common Stock means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed.

  • Series B Common Stock means the Series B Common Stock, par value $0.01 per share, of the Company.

  • Company Common Stock means the common stock, par value $0.01 per share, of the Company.

  • SpinCo Common Stock means the common stock, par value $0.01 per share, of SpinCo.