Reorganization Business Plan definition

Reorganization Business Plan means the Debtor’s three-year business plan for the years 2019-2021, as more fully described in Article II.F.2 of the Disclosure Statement.
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Examples of Reorganization Business Plan in a sentence

  • In addition, the Debtor estimates the Reorganization Business Plan will require additional investments of approximately $36 million over the 3-year period.

  • The restructuring initiatives contemplated to be effected through this Chapter 11 Case and, post-emergence, the Reorganization Business Plan, resolves and preempts questions as to the Debtor’s ability to comply with the License Agreement and the Parent’s obligation to (i) release the accrued but unpaid Market Contribution Accrual, (ii) consent to the Debtor’s assumption of the License Agreement, and (iii) agree to renew the License Agreement beyond 2019.

  • As a means for implementing the Reorganization Business Plan, management has determined that closing certain expensive, long-term, and underperforming stores as well as obtaining relief from other burdensome executory contracts is crucial to its ability to continue 8 See First Day Declaration for a more detailed description of the Reorganization Business Plan.operating.

  • The Reorganization Business Plan is therefore critical to the Debtor’s long-term viability.

  • The Debtor’s projections indicate that the Reorganization Business Plan will return the Debtor to stand-alone profitability by 2021 and will cost approximately $36 million over the 3-year period.

  • The foregoing agreements of the Parent are expressly conditioned on the Debtor’s consummation of the Plan and its ability to implement the Reorganization Business Plan.

  • Furthermore, a successfulchapter 11 restructuring will provide necessary runway permitting the Debtor to implement the Reorganization Business Plan, which the Debtor’s projections indicate will, assuming closure of underperforming stores through the Plan, return it to stand-alone profitability by 2021.

  • The Parent has agreed to, subject to the occurrence of the Effective Date on or before June 21, 2019, provide the Parent Commitment to ensure adequate funding for the Reorganization Business Plan in the manner and amounts described in Article II.E of this Disclosure Statement.

  • Accordingly, the Parent has agreed, subject to occurrence of the Effective Date on or before June 21, 2019, to provide the Parent Commitment for the purpose of funding the Reorganization Business Plan.

  • Without the Parent Commitment, the Debtor will likely be unable to finance the Reorganization Business Plan, thereby precluding its ability to continue operating as a going concern.

Related to Reorganization Business Plan

  • Reorganization Plan means a plan of reorganization in any of the Cases.

  • Reorganization Transactions shall have the meaning set forth in the Recitals.

  • Reorganization Agreement has the meaning set forth in the recitals.

  • Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • Restructuring Plan means the Restructuring Plan attached hereto as Schedule 1.1.

  • Reorganization Transaction see clause (d) of the definition of “Change of Control.”

  • Distribution Business means the business of operating and maintaining a distribution system for supplying electricity in the area of the supply of the Distribution Licensee;

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Annual Business Plan means the development plan and budget report for Party B’s Business in the next calendar year which is prepared by Party B with the assistance of Party A pursuant to this Agreement before November 30 of each year.

  • Corporate Reorganization means any change in the legal existence of any Subject Entity (other than a Capital Reorganization) including by way of amalgamation, merger, winding up, continuance or plan of arrangement.

  • Initial Business Plan means the business plan to be provided by the Franchisee to the Secretary of State as described in paragraph 2.1 of Schedule 13 (Information and Industry Initiatives);

  • Business Plan means the information required to be supplied to the

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Target Business Acquisition Period means the period commencing from the effectiveness of the registration statement filed with the SEC in connection with the Company's IPO up to and including the first to occur of (i) a Business Combination; or (ii) the Termination Date.

  • Parenting plan means a written plan describing each parent's rights and responsibilities.

  • Steps Plan means a plan evidenced by Eligible Information contemplating that there will be a series of successions to some or all of the Relevant Obligations of the Reference Entity, by one or more entities.

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Spinoff means a transaction in which the Transferor Plan transfers only part of its assets and/or liabilities to the Transferee Plan. The Transferee Plan may be a New Plan that is created in the Spinoff, or it may be a preexisting plan that simply receives part of the assets and/or liabilities of the Transferor Plan.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Reorganization Cases means the cases filed by the Debtors under Chapter 11 of the Bankruptcy Code.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Closed panel plan means a plan that provides health benefits to covered persons primarily in the form of services through a panel of providers that have contracted with or are employed by the plan, and that excludes benefits for services provided by other providers, except in cases of emergency or referral by a panel member.

  • Reorganization Documents means the Reorganization Agreement, this Agreement, the Holdco LLC Agreement, the Tax Receivable Agreement, the Exchange Agreement, the Registration Rights Agreement, the Employee Equity Letters, the MIP and the Equity Purchase Agreements.

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • MINORITY BUSINESS ENTERPRISE (MBE means an individual, partnership, corporation or joint venture of any kind that is owned and controlled by U. S. Citizens and residents of Ohio, who are and have held themselves out as members of the following socially and economically disadvantaged groups: Blacks, American Indians, Hispanics and Asians. Only businesses certified by the State of Ohio Equal Opportunity Division in accordance with Section 123.151 of the Ohio Revised Code shall be recognized as being MBE certified within the purpose of this invitation.