Reorganized Seadrill definition

Reorganized Seadrill means Seadrill Limited, or any successor or assign thereto, by merger, amalgamation, consolidation, or otherwise, on and after the Effective Date, excluding New Seadrill, and before dissolution pursuant to the Bermuda Dissolution Proceedings.
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Reorganized Seadrill means Seadrill, or any successor or assign thereto, by merger, consolidation or otherwise on and after the Plan Effective Date, excluding New Seadrill, and before dissolution pursuant to the Bermuda Dissolution Proceedings.
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Reorganized Seadrill means the Entity that will be the issuer of the New Seadrill Common Shares, which Entity shall be (i) a Debtor (including, for the avoidance of doubt, potentially Seadrill Limited), or any successor or assign thereto, by merger, amalgamation, consolidation, reorganization, or otherwise, or (ii) a newly-formed corporation, limited liability company, partnership, or other entity that may be formed to, among other things, serve as the ultimate parent company of the Reorganized Debtors, in each case, in accordance with the Description of Transaction Steps.2
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Examples of Reorganized Seadrill in a sentence

  • On the Effective Date, Reorganized Seadrill will issue 16.75% of the New Seadrill Common Shares to the Backstop Parties and the lenders under the New First Lien Facility, in accordance with the terms hereof, the Backstop Commitment Letter, and the Rights Offering Documents, subject to dilution by the Management Incentive Plan and the Convertible Bond Equity (if any).

  • Reorganized Seadrill will be a Bermuda exempted company limited by shares and the New Seadrill Common Shares to be issued under the Plan and the Backstop Commitment Letter will be common shares unless otherwise consented to in writing by the CoCom and the Ad Hoc Group.

  • None of the Debtors, the Reorganized Debtors (including Reorganized Seadrill), or any other Person shall be required to provide any further evidence other than the Plan or the Confirmation Order with respect to the treatment of the New Seadrill Common Shares under applicable securities laws.

  • On the Effective Date, the Reorganized Debtors, including Reorganized Seadrill, shall consummate the Rights Offering in accordance with the Rights Offering Procedures, the Backstop Commitment Letter, the Plan, and the New Credit Facility Term Sheet.

  • The council shall establish a board of examiners, a recognition committee, and such other ((subcouncil groups)) committees or subgroups as it deems appropriate to carry out its responsibilities.

  • On the Effective Date, pursuant to the Description of Transaction Steps, Reorganized Seadrill will issue the Convertible Bonds to Hemen in exchange for $50 million in Cash, on the terms set forth in the Convertible Bonds Term Sheet and the Plan.

  • Except as otherwise specifically provided in the Plan to the contrary, references in the Plan to the Debtors or to the Reorganized Debtors mean the Debtors and the Reorganized Debtors, including Reorganized Seadrill, to the extent the context requires.

  • On the Effective Date, Reorganized Seadrill will issue 83% of the New Seadrill Common Shares to holders of Credit Agreement Claims in accordance with the terms of Article III B.4-B.15 hereof, subject to dilution by the Management Incentive Plan and the Convertible Bond Equity (if any).

Related to Reorganized Seadrill

  • Reorganized Company means the domestic stock company into which a mutual company has been converted, converted and merged, or converted and consolidated.

  • Reorganized means, with respect to the Debtors, any Debtor or any successor thereto, by merger, consolidation or otherwise, on or after the Effective Date.

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, or otherwise, on and after the Effective Date.

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Topco has the meaning set out in the Preamble;

  • Surviving General Partner has the meaning set forth in Section 11.2(d)(i)(A).

  • New Company has the meaning given to it in Clause 21.3 of the Trust Deed;

  • Surviving Company has the meaning set forth in Section 2.1.

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

  • Amalgamating Corporations means both of them;

  • DH means the District Hospital of the concerned District

  • Public Company means any Person with a class or series of Voting Stock that is traded on a stock exchange or in the over-the-counter market.

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

  • IPO means the Company’s initial public offering of securities.

  • 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.

  • Surviving Corporation Common Stock has the meaning set forth in Section 1.7(a).

  • Surviving Corporation has the meaning set forth in Section 2.1.

  • New Holdco means the direct or indirect Subsidiary of the Ultimate Parent following the Post-Closing Reorganizations.

  • Stock Acquisition means the purchase or other acquisition by a Person or its Subsidiaries of all or substantially all of the Stock of any other Person.

  • Surviving Entity has the meaning set forth in Section 2.1.

  • Holdco has the meaning set forth in the Preamble.

  • SpinCo shall have the meaning set forth in the Preamble.

  • CEC means the California Energy Commission or its successor agency.

  • Merger Sub II has the meaning set forth in the Preamble.

  • Amalco means the corporation resulting from the Amalgamation.