Examples of Put Parties in a sentence
On the Effective Date, Reorganized Greektown shall pay all reasonable fees and expenses of all counsel and financial advisors to the Put Parties and to the Ad Hoc Lender Group, and to the Indenture Trustee that have not been previously paid by the Debtors.
The conditions to Consummation of this Plan set forth in Sections 6.2.1, 6.2.5, and 6.27 may be waived in whole or in part by written consent of all of the Put Parties (and, solely with respect to Section 6.2.1 and to the extent required under the terms of the Letter Agreement, the Ad Hoc Lender Group) without further notice to, action, order, or approval of the Bankruptcy Court or any other Person.
The Plan Supplement and all Exhibits to the Plan are incorporated into and are a part of this Plan as if set forth in full herein and shall be in form and substance acceptable to the Put Parties.
The failure of the Put Parties, the Noteholder Plan Proponents, or the Pre-petition Lenders to exercise any of the foregoing rights shall not be deemed a waiver of any other rights, and each such right shall be deemed an ongoing right, which may be asserted at any time.
Any Noteholder Plan Proponent other than the Put Parties may resign as a Noteholder Plan Proponent prior to the Effective Date or may be removed as a Noteholder Plan Proponent by written consent of each of the Put Parties.
The tax returns of Reorganized Greektown and the Debtors for the year in which cancellation of indebtedness income is recognized by the Debtors in connection with the Plan, including the allocation of items to and among the owners of equity Interests in Holdings, and all elections relating thereto as well as the tax characterization of the restructuring transactions shall be determined in the sole discretion of the Put Parties.
The following discussion assumes that Holdings is, and will be, treated as a partnership (although its future status will be determined in the sole discretion of the Put Parties) and the current Holders of Interests in Holdings are, and will be, treated as partners of Holdings for U.S. federal income tax purposes through the Effective Date.
For certain tax reasons, the Plan also provides the option for Holders of Allowed Bond Claims and the Put Parties who participate in the Rights Offering to elect to receive a maximum of 9.9% of the total combined voting power of all classes of stock of Newco entitled to vote.
Therefore, the Plan provides that the Put Parties and Holders of Allowed Bond Claims who participate in the Rights Offering, but do not provide certain documentation described below, will receive, as their Rights Offering Securities, Rights Offering Shares representing no more than 4.9% of the Total Equity Shares of Newco and the remainder of their purchased Rights Offering Securities in Rights Offering Warrants.
Put Parties and Holders of Allowed Bond Claims who participate in the Rights Offering may receive all of their Rights Offering Securities in Rights Offering Shares if, within fifteen (15) days prior to the Effective Date, such parties provide documentation in the manner described and within the time required in the Effective Date Notice that they are MGCB Qualified.