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.
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.
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.
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.
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.
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.
Prices are transparent, and people have a basic level of trust that exchanges of goods, services, and money benefit all parties.
Although not free from doubt, from a U.S. federal income tax perspective, the receipt of the IOU by the Holders will likely be treated merely as a transitory step that is ignored and, instead, Holders will be treated as contributing a portion of their Claims directly to the Reorganized TopCo for equity in the Reorganized TopCo as set forth below.