Examples of Reorganized XOG in a sentence
On the Effective Date, Reorganized XOG and all Holders of New Common Shares then outstanding shall be deemed to be parties to the New Common Shares Documents, substantially in the form contained in the Plan Supplement, without the need for execution by any such Holder.
On the Effective Date, Reorganized XOG shall issue the New Common Shares and the New Warrants to fund distributions to certain Holders of Allowed Claims and Allowed Interests in accordance with Article III of the Plan.
For the avoidance of doubt, the foregoing shall not be required with respect to such New Common Shares to the extent that the Reorganized XOG is an SEC registered reporting entity.
The 1145 Securities (i) are not “restricted securities” as defined in Rule 144(a)(3) under the Securities Act, and (ii) are freely tradable and transferable by any initial recipient thereof that (a) is not an “affiliate” of Reorganized XOG as defined in Rule 144(a)(1) under the Securities Act, (b) has not been such an “affiliate” within 90 days of such transfer, and (c) is not an entity that is an “underwriter” (as defined in section 1145(b) of the Bankruptcy Code) with respect to such securities.
On the Effective Date, Reorganized XOG shall enter into the Exit Facility, which shall be in an amount sufficient to pay on the Effective Date certain Holders of Claims as set forth in Article III of the Plan, and to provide incremental liquidity.
On the Effective Date, the Reorganized XOG shall issue (a) the Equity Rights Offering Shares pursuant to the Equity Rights Offering and (b) the New Common Shares to the Backstop Parties on account of the Backstop Obligations and the Backstop Commitment Premium pursuant to the terms of the Backstop Commitment Agreement.
On the Effective Date, the Reorganized XOG Board shall be established, and each Reorganized Debtor shall adopt its organizational documents.
As of the Effective Date, the terms of the current members of the board of directors of the Debtors shall expire, and the initial boards of directors, including the Reorganized XOG Board, as well as the officers of each of the Reorganized Debtors shall be appointed in accordance with the Combination Transaction Documents.
On the Effective Date, Reorganized XOG, all Consenting Senior Noteholders and any other Holders of 10% or more of the New Common Shares shall be deemed to be parties to the Registration Rights Agreement, substantially in the form contained in the Plan Supplement, without the need for execution by any such Person.
This Supplemental Indenture and the Notes shall be governed by, and construed in accordance with, the law of the State of New York.