Examples of Reorganized UP Energy in a sentence
All existing Interests in Ultra Petroleum and UP Energy shall be cancelled as of the Effective Date and, on the Effective Date, Reorganized UP Energy shall issue the New Interests (a) to each holder of a Claim that is entitled to receive New Interests in exchange for such Claim pursuant to the Plan and (b) pursuant to the Rights Offering and the Backstop Purchase Agreement.
It shall be an express condition to the right of a holder of an Allowed First Lien Claim or an Allowed Second Lien Notes Claim, to receive New Interests in connection with the Restructuring Transactions that such holder execute and deliver to Reorganized UP Energy a counterpart of the New Stockholders Agreement.
All existing Interests in Ultra Petroleum and UP Energy shall be cancelled as of the Effective Date and, at 10:00 p.m. (Central time) on the Effective Date, Reorganized UP Energy shall issue the New Interests (a) to each holder of a Claim that is entitled to receive New Interests in exchange for such Claim pursuant to the Plan and (b) pursuant to the Rights Offering and the Backstop Purchase Agreement.
On the Effective Date or as soon as reasonably practicable thereafter, Reorganized HoldCo and Reorganized UP Energy shall guarantee the New OpCo Notes and the Additional New OpCo Notes, if any, on the same terms (except as to amount) as the current guarantees of the OpCo Notes and OpCo RCF.