Reorganized Invacare definition

Reorganized Invacare means Invacare Corporation, a corporation organized under the laws of Ohio, following its emergence from the voluntary bankruptcy proceedings commenced before the Bankruptcy Court on January 31, 2023.

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Reorganized Invacare has the meaning set forth in the Plan.

Reorganized Invacare means (x) Invacare as a Reorganized Debtor or (y) a new corporation or limited liability company that will be formed to, among other things, directly or indirectly acquire substantially all of the assets and/or stock of the Debtors and issue the New Common Equity to be distributed pursuant to the Plan.

Examples of Reorganized Invacare in a sentence

All corporate action on the part of Parent, International Holdings and Reorganized Invacare necessary for the authorization, execution, and delivery of this Agreement, and the agreements and other documents contemplated hereby and thereby, the performance of all obligations of Parent, International Holdings and Reorganized Invacare hereunder and thereunder and the consummation of the transactions contemplated hereby and thereby has been taken.
The authorized capital stock of Reorganized Invacare consists of one hundred shares of Common Stock, no par value per share, one hundred shares of which are issued and outstanding as of the date hereof, which are held by Parent.
The stockholders of each of Parent, International Holdings and Reorganized Invacare whose consent is necessary to approve this Agreement and the Transactions have so consented to and approved this Agreement and the Transactions.
To the knowledge of Parent, International Holdings and Reorganized Invacare, as of the date of this Agreement, no action, suit, proceeding is pending against Parent, International Holdings or Reorganized Invacare with respect to execution and delivery of this Agreement or the consummation of the transactions contemplated hereby.
All employees of the Fleet Services Department will receive the shift differential below, if fifty percent or more of the hours worked by the employee are between 18:00 and midnight.
The stockholders of each of Parent, Intermediate Holdings and Reorganized Invacare whose consent is necessary to approve this Agreement, the Transactions, and the transactions contemplated hereby and thereby, have so consented to and approved this Agreement, the Transactions and the transactions contemplated hereby and thereby (the “Requisite Stockholder Consents”).
Notwithstanding the foregoing, the issuance of the Reorganized Invacare Warrants shall be deemed to have been issued to the relevant Holder and such Holder shall be deemed to be the holder of such Intermediate Warrant as of the close of business on the date of the filing of the documents set forth in Section 1.4(b)(v) of the Master Equity Agreement.
Without limiting the foregoing, any edits to the form of Intermediate Holdings Warrant or the form of Reorganized Invacare Warrant shall require the reasonable approval of Holders holding a majority of the Parent Series A Preferred Shares held by all Holders.
Subject to the terms of this Agreement, immediately following the filing of the documents set forth in Section 1.4(b)(v) of the Master Equity Agreement, Reorganized Invacare shall issue to each Holder the Reorganized Invacare Warrant across from such Holder’s name on Schedule I (the “Reorganized Invacare Warrant Issuance”).
All shares issuable upon the exercise of the Intermediate Holdings Warrant and the Reorganized Invacare Warrant shall be, upon issuance, validly issued, fully paid, and non-assessable.

More Definitions of Reorganized Invacare

Reorganized Invacare means Invacare Corporation, or any successor thereto or assign thereof, whether by merger, consolidation, reorganization, or otherwise, or such other Entity as may be designated as such, and which directly or indirectly holds all or a portion of the direct and indirect assets and properties of Invacare Corporation, in the form of a corporation, limited liability company, partnership, or other form, as the case may be, on and after the Effective Date.