Examples of Reorganized TopCo in a sentence
On the Effective Date, Reorganized TopCo shall enter into and deliver the New Shareholders Agreement to the Sponsors, and each Sponsor shall be bound thereby.
After the Effective Date, Reorganized TopCo may amend and restate its formation, organizational, and constituent documents as permitted by the laws of its respective jurisdiction of formation and the terms of such documents.
On or immediately before the Effective Date, Reorganized TopCo will file its New Organizational Documents with the applicable Secretary of State and/or other applicable authorities in its state of incorporation or formation in accordance with the applicable laws of its state of incorporation or formation, to the extent required for such New Organizational Documents to become effective.
Reorganized TopCo shall be authorized to require each Sponsor to execute and deliver its signature page to the New Shareholders Agreement as a condition to receiving its distribution of New Common Stock thereunder.
The issuance of New Ordinary Shares, the New NAC 33/34 HoldCo Interests, the New Moelis/Weil/NRF Equity, and the New Profit Participating Notes issued by the Reorganized TopCo, NAC 33/34 HoldCo, and the applicable Reorganized Moelis/Weil/NRF Exiting Debtors, respectively, and the transfer of the Reorganized JOLCO Equity shall be authorized without the need for any further corporate action and without any action by the Holders of Claims or other parties in interest.
The IOUs will subsequently be contributed by the Reorganized TopCo to the consolidating silo and the relevant subsidiaries, who transfer the IOUs to the same Holders as partial payment for the existing debt.
On the Applicable Effective Date, (i) the Reorganized TopCo, NAC 33/34 HoldCo, and/or the applicable Reorganized Moelis/Weil/NRF Exiting Debtors shall issue or transfer, as applicable, the New Ordinary Shares, New NAC 33/34 HoldCo Interests, the New Moelis/Weil/NRF Equity, the New Profit Participating Notes, the Reorganized JOLCO Equity, and other New Equity, as applicable, directly or indirectly to Holders of Claims to the extent provided herein.
As of the Plan Effective Date, the members for the initial term of the New Board and the New Reorganized TopCo Board shall be appointed in accordance with the New Organizational Documents.
Following the Plan Effective Date, the New Board and the New Reorganized TopCo Board shall adopt the terms of a new Management Incentive Plan pursuant to and subject to the approval set forth in the Governance and New Equity Term Sheet.
No stamp duty should arise on the issue of the Reorganized TopCo equity and provision of the rights reference above, in exchange for the IOU.The base cost for Irish capital gains tax purposes of the Reorganized TopCo equity should be the market value of same at the date of issuance.