Specified Restructuring definition
Specified Restructuring means any restructuring initiative, cost saving initiative or other similar strategic initiative of the Borrower or any of its Restricted Subsidiaries after the Closing Date described in reasonable detail in a certificate of an Authorized Officer delivered by the Borrower to the Administrative Agent.
Specified Restructuring means any restructuring or other strategic initiative (including cost saving initiative) of the Borrower or any of its Restricted Subsidiaries after the Restatement Effective Date and not in the ordinary course and described in reasonable detail in a certificate of a Responsible Officer delivered by the Borrower to the Agent.
Specified Restructuring means any restructuring of Holdings, the Company and/or its Subsidiaries not in the ordinary course of business and described in a Specified Restructuring Certificate.
Examples of Specified Restructuring in a sentence
If a Spinco fails to promptly provide such cooperation as is requested by Parent in connection with Parent’s conduct of a Proceeding relating to a Spinco Adjustment with respect to such Spinco, such Spinco shall pay and shall be responsible for any Tax Liabilities (including any Specified Restructuring Income Tax Liabilities) attributable to such Spinco Adjustment.
The New WFOE Holdco will be, upon the completion of the Specified Restructuring Step described in Section 2.3(a)(ii), the record and beneficial owner of the HK Buyer Sale Shares, free and clear of all Encumbrances.
Unless the Seller Parties, in accordance with Section 2.3(b), have no further obligation to complete the Specified Restructuring Steps, the Seller Parties shall have caused the Specified Restructuring Steps to be completed in accordance with Section 2.3(a).
The Seller will be, upon the completion of the Specified Restructuring Step described in Section 2.3(a)(i), the record and beneficial owner of the Buyer Sale Shares, free and clear of all Encumbrances.
Notwithstanding the foregoing funding caps, the Debtors may use any unused amounts allocated to the Specified Restructuring Costs to fund the Other Administrative, Secured and Priority Claims to the extent such Allowed Claims are in excess of $1.5 million.
More Definitions of Specified Restructuring
Specified Restructuring has the meaning specified in Section 7.03(s).
Specified Restructuring as defined in the definition of Consolidated Adjusted EBITDA.
Specified Restructuring meansshall mean any restructuring initiative, cost saving initiative or other similar strategic initiative of Holdings or any of its Subsidiaries after the Closing Date described in reasonable detail in a certificate of a Responsible Officer delivered by the U.S. Borrower to the Administrative Agent.
Specified Restructuring means a certain anticipated corporate restructuring in which OI Peru STS Inc., OI Poland Inc., OI Hungary Inc., OI Ecuador STS Inc., and OI Venezuela Plastic Products Inc. and/or the assets thereof would be released from the Subsidiary Guaranty and the Collateral Documents, directly or indirectly contributed to OI Global C.V. or its direct or indirect subsidiaries, become direct or indirect subsidiaries thereof or otherwise be liquidated into a Loan Party, which restructuring may also include certain other restructuring transactions with respect to Foreign Subsidiaries that are not Loan Parties and which would otherwise not be prohibited by the terms hereof as confirmed by the Administrative Agent prior to the consummation thereof.
Specified Restructuring means any restructuring initiative, cost savings initiative, operating improvement or other similar strategic initiative of the Borrower or any of its Restricted Subsidiaries after the Closing Date described in reasonable detail in a certificate of an Authorized Officer delivered by the Borrower to the Administrative Agent. “Specified Transaction” shall mean, with respect to any Test Period, the Transactions, any Investment (including Acquisitions), sale, transfer or other Disposition of assets or property, issuance or offering of Capital Stock, Incurrence, Refinancing, prepayment, redemption, repurchase, defeasance, acquisition similar payment, extinguishment, retirement or repayment of Indebtedness, Restricted Payment, Subsidiary designation, the implementation of any Run Rate Initiatives, any Tax Restructuring, provision of Incremental Term Loans, provision of Incremental Revolving Credit Commitment Increases, provision of Additional/Replacement Revolving Credit Commitments, creation of Extended Term Loans or Extended Revolving Credit Commitments or other event that, in any such case, by the terms of the Credit Documents requires pro forma compliance with a test or covenant hereunder or requires such test or covenant to be calculated on a pro forma basis. “Sponsors” shall mean, and including any successors, to the foregoing Xxxxxxx & Xxxxxxxx LLC, and its Affiliates and any funds, partnerships or other co-investment vehicles managed, advised or controlled by the foregoing or their respective Affiliates, but not including, however, any operating portfolio companies of any of the foregoing. “SPV” shall have the meaning provided in Section 13.6(c). “Standard Securitization Undertakings” shall mean representations, warranties, covenants, indemnities and guarantees of performance entered into by the Borrower or any Subsidiary of the Borrower which the Borrower has determined in good faith to be customary in a Receivables Financing, including, without limitation, those relating to the servicing of the assets of a Receivables Subsidiary, it being understood that any Receivables Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking. “Stated Amount” of any Letter of Credit shall mean, unless otherwise specified herein, the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or...
Specified Restructuring means any restructuring initiative, cost saving initiative or other similar strategic initiative of Holdings, the Borrower or any of their respective Restricted Subsidiaries after the Effective Date described in reasonable detail in a certificate of a Responsible Officer delivered by Holdings to the Administrative Agent. “Specified Time” means with respect to the LIBO Rate, 11:00 a.m., London time. “Specified Transaction” means, with respect to any period, any Investment, Specified Restructuring, Disposition, incurrence or repayment of Indebtedness, Restricted Payment, subsidiary designation, operating improvements, restructurings, New Project or other event that by the terms of the 77 US-DOCS\115047431.4127573765.6
Specified Restructuring has the meaning specified in the definition of “Consolidated EBITDA”.