Examples of Reorganized Parent Stock in a sentence
For purposes of determining the accrual of dividends or other rights after the Effective Date, Reorganized Parent Stock shall be deemed distributed as of the Effective Date regardless of the date on which they are actually issued, dated, authenticated, or distributed; provided, however, the Reorganized Debtors shall not pay any such dividends or distribute such other rights, if any, until after distributions of Reorganized Parent Stock actually take place.
Whenever any payment or distribution of a fractional share of Reorganized Parent Stock under this Plan would otherwise be called for, such fraction shall be deemed zero.
Notwithstanding any other provision of this Plan to the contrary, the Reorganized Debtors, and the Distribution Agent shall not be required to make partial distributions or distributions of fractional shares of Reorganized Parent Stock or distributions or payments of fractions of dollars.
Any distribution under this Plan that is an Unclaimed Distribution for a period of six months after such distribution shall be deemed unclaimed property under section 347(b) of the Bankruptcy Code and such Unclaimed Distribution shall revert to and vest in the Reorganized Debtors free of any restrictions thereon and, to the extent such Unclaimed Distribution is Reorganized Parent Stock, shall be deemed cancelled.
Any distribution under the Plan that is an Unclaimed Distribution for a period of six months after such distribution shall be deemed unclaimed property under section 347(b) of the Bankruptcy Code and such Unclaimed Distribution shall revert to and vest in the Reorganized Debtors free of any restrictions thereon and, to the extent such Unclaimed Distribution is Reorganized Parent Stock, shall be deemed cancelled.
All of the Reorganized Parent Stock issued pursuant to the Plan shall be duly authorized, validly issued, fully paid, and non-assessable.
Such actions may include, (a) the adoption of the Reorganized Parent Organizational Documents and any other new corporate governance documents, (b) the appointment of the New Boards, (c) the issuance and distribution of Reorganized Parent Stock and the other Plan Securities, and (d) all other actions contemplated by this Plan and Plan Supplement (whether to occur before, on, or after the Effective Date).
Any distribution under this Plan that is an Unclaimed Distribution for a period of six months after such distribution shall be deemed unclaimed property under section 347(b) of the Bankruptcy Code and such Unclaimed Distribution shall revert to and vest in the Reorganized Debtors free of any restrictionsthereon and, to the extent such Unclaimed Distribution is Reorganized Parent Stock, shall be deemed cancelled.
Seller shall have twenty(20) Business Days to review and provide written objections on Buyer’s proposed Allocation Schedule or such proposed Allocation Schedule shall be deemed approved by Seller and shall be final and binding upon the Parties.
On the Effective Date, Reorganized Parent shall authorize and issue the Reorganized Parent Stock, Warrants, and Exit Second Lien Notes to Holders of Allowed General Unsecured Claims against Debtor Group B and Allowed General Unsecured Claims against Debtor Group C and as contemplated by the Rights Offering, the Backstop Commitment Agreement, this Plan, and the RSA.