Examples of Reorganized NII in a sentence
The issuance of up to an additional 5,263,158 shares of Reorganized NII Common Stock by Reorganized NII, including restricted stock, options, stock appreciation rights or other equity awards, if any, in connection with the Management Incentive Plan, shall be authorized without the need for further corporate action and without any further action by the Holders of Claims or Interests.
As of the Effective Date, the certificate of incorporation and the bylaws (or comparable constituent documents) of Reorganized NII shall be substantially in the forms appended hereto as Exhibit B and Exhibit C, respectively.
Each of the individuals designated as nominees to be directors (other than the chief executive officer of Reorganized NII) shall (a) be independent under the rules of the New York Stock Exchange or the NASDAQ Stock Market, as applicable, and the independence requirements for members of audit committees under the rules of the Securities and Exchange Commission and (b) not be employees of any of the Requisite Consenting Noteholders.
On and after the Effective Date, Reorganized NII may operate its businesses and may use, acquire and dispose of property and compromise or settle any Claims without supervision or approval by the Bankruptcy Court and free of any restrictions of the Bankruptcy Code or Bankruptcy Rules, other than those restrictions expressly imposed by the Plan or the Confirmation Order.
On the Closing Date, no options, warrants or other rights to acquire equity securities of NII will be outstanding, other than any options, warrants or other rights to acquire equity securities of NII pursuant to any management incentive plan of Reorganized NII (which shall be on terms reasonably acceptable to the Requisite Backstop Parties) and the shares of New NII Common Stock issued and outstanding on the Closing Date, as set forth in Section 4.4.
Plaintiffs allege that Defendants violated the FDCPA by using “false and deceptive misrepresentations of their debt”—the allegedly false lot values—in “numerous conversations” with Plaintiffs aimed at collection or refinancing.
Allowed Claims in Class 7 with respect to which the applicable Debtor or Reorganized NII elects or is deemed to have elected Option B will be Reinstated.
Any holder of an Allowed Claim that does not assert a claim pursuant to the Plan for an undeliverable distribution to be made by the Disbursing Agent within two years after the later of (i) the Effective Date and (ii) the last date on which a distribution was deliverable to such holder will have its claim for such undeliverable distribution discharged and will be forever barred from asserting any such claim against Reorganized NII or its property.
Notice of such motion will be made to the UST and any other party in interest who requests such notification from Reorganized NII.
Article IV and various other provisions of the Plan provide adequate means for implementing the Plan, including (i) the continued corporate existence of NII as Reorganized NII and the vesting of assets in Reorganized NII; (ii) the execution of the Registration Rights Agreement, the New Spectrum Use and Build-Out Agreement, the Global Release Agreement, 3Pursuant to section 1123(a)(1) of the Bankruptcy Code, Administrative Claims, Priority Tax Claims and Fee Claims are not required to be classified.