Examples of Stockholder Claim in a sentence
Each holder of a Preferred Stockholder Claim is conclusively deemed to reject the Plan and is not entitled to vote to accept or reject the Plan.
Each holder of a Preferred Stockholder Claim is conclusively deemed to reject this Plan and is not entitled to vote to accept or reject this Plan.
If the Company does not assume the defense of any Stockholder Claim in accordance with this clause (c), the applicable Indemnitee(s) may continue to defend such claim at the sole cost of the Company and the Company may still participate in, but not control, the defense of such Stockholder Claim at the Company’s sole cost and expense.
Each Stockholder agrees that it is responsible for any cost and expense relating to the defense of any Stockholder Claim brought against it.
Each Stockholder Releasor agrees not to, and agrees to cause its equity holders, Subsidiaries, Affiliates and Representatives, and each of their respective successors and assigns, not to, assert any Stockholder Claim against any of the Company Releasees that is released pursuant to this Section 8.28 and shall bear any legal fees and other costs incurred by any Company Releasee in defending or handling any such Stockholder Claim brought by such Stockholder Releasor.
The federal income tax consequences of the Plan to a holder of a Settling Former Preferred Stockholder Claim will depend, in part, on whether the holder elects to receive cash or New Common Stock in satisfaction of its Claim and, if New Common Stock is received, whether such Claim constitutes a "security" for federal income tax purposes.
The Debtors believe that it is likely, and the following discussion assumes, that the Settling Preferred Stockholder Claim would constitute "securities" for federal income tax purposes.
If the Company or OpCo does not assume the defense of any Stockholder Claim in accordance with this clause (c), the applicable Indemnitee(s) may continue to defend such claim at the sole cost of the Company and OpCo and the Company and OpCo may still participate in, but not control, the defense of such Stockholder Claim at the Company’s or OpCo’s sole cost and expense.
If a holder of a Settling Preferred Stockholder Claim elects to receive cash, the holder generally will recognize gain or loss in an amount equal to the difference between (i) the amount of cash received (other than any Claim for accrued interest) and (ii) the tax basis in its Claim (other than any Claim for accrued interest).
If a holder of a Settling Preferred Stockholder Claim elects to receive New Common Stock, the holder should recognize no gain or loss upon implementation of the Plan (other than possibly in respect of a Claim for accrued interest).