Examples of Reorganization Transactions in a sentence
Parent, the Borrowers, and each Subsidiary of a Borrower, are, after giving effect to the Reorganization Transactions, on a consolidated basis, Solvent.
Administrative Agent shall have received (i) copies of the Reorganization Documents, in each case, in form and substance satisfactory to Administrative Agent, duly executed, and in full force and effect and (ii) satisfactory evidence that the Loan Parties have obtain all required consents and approvals for the execution, delivery and performance of the Reorganization Documents and the consummation of the Reorganization Transactions.
In connection with the Reorganization Transactions, Parent shall have received aggregate cash equity proceeds of the Rights Offering (as defined in the Plan of Reorganization) of not less than $75,000,000, which amount shall have been contributed in full to Administrative Borrower.
On the Effective Date, after giving effect to the Reorganization Transactions, Loan Parties shall have not less than $4,000,000 of unrestricted, unreserved cash in Deposit Accounts subject to a first priority Lien in favor of Collateral Agent and upon which Collateral Agent has a Control Agreement.
On the Effective Date, after giving effect to the Reorganization Transactions, Global Cash shall be at least $30,000,000.