Examples of Verso Corporation in a sentence
The recipient of the Award identified in the Grant Notice is referred to as the “Grantee.” The effective date of grant of the Award as set forth in the Grant Notice is referred to as the “Grant Date.” The Award was granted under and subject to the Verso Corporation Performance Incentive Plan, as the same may be amended, modified or supplemented from time to time (the “Plan”).
No Loan Party will, nor will it permit any of its Subsidiaries to, file or consent to the filing of any consolidated income tax return with any Person (other than Verso Corporation, Holdings or any of their respective Subsidiaries).
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This Agreement does not modify or apply as to any stock option, restricted stock, stock unit, or other equity award granted pursuant to the Verso Corporation Performance Incentive Plan (or any successor Verso equity incentive plan).
The principal executive office of Verso Corporation (the “Corporation”) shall be at such place established by the Board of Directors of the Corporation (the “Board”) in its discretion.
Upon signing this Waiver, I agree to deliver it to [______________], [Vice President, Legal and Corporate Affairs] of Verso Corporation.
Consideration paid to former equity holders of NewPage Holdings consisted of (i) $650 aggregate principal amount of New First Lien Notes (valued at face value) issued at closing and (ii) 13,607,693 shares of Verso Corporation common stock.
As soon as reasonably practicable following the Effective Date and Reorganized Verso Corporation meeting the listing requirements for the New Common Stock on the New York Stock Exchange, the New Common Stock shall be qualified for listing on the New York Stock Exchange and shall be registered under section 12(b) of the Exchange Act.
No Loan Party will, nor will it permit any of its Subsidiaries to, file or consent to the filing of any consolidated income tax return with any Person (other than Verso Corporation, NewPage Holdings, Inc., Holdings or any of their respective Subsidiaries).
In connection with the consummation of the Merger, NewPage Holdings became a guarantor of substantially all of the debt of Verso Corporation.