Weatherford Parent definition

Weatherford Parent means Weatherford International plc, an Irish public limited company, as debtor-in-possession in these Chapter 11 Cases.
Sample 1Sample 2Sample 3
Weatherford Parent means Weatherford International plc, an Irish public limited company, as debtor-in-possession in these Chapter 11 Cases. ARTICLE II. ADMINISTRATIVE, DIP FACILITY, AND PRIORITY TAX CLAIMS
Sample 1
Weatherford Parent means Weatherford International plc, an Irish public limited company.
Sample 1

Examples of Weatherford Parent in a sentence

  • On the Distribution Record Date, the Claims Register (and the Debtors’ books and records with respect to the Holders of Equity Interests in Weatherford Parent) will be closed.

  • For the avoidance of doubt, Weatherford Bermuda and Weatherford Delaware may make payments on behalf of Weatherford Parent that would otherwise be considered prepetition claims of Weatherford Parent in the Irish Scheme of Arrangement so long as such payments are in the ordinary course of business and otherwise in accordance with the terms of this Plan and the DIP Orders.

  • Because Weatherford Parent is an Irish incorporated entity, it would generally be classified as a foreign corporation under these rules.

  • Weatherford Parent will be liable to Irish capital gains tax at a rate of 33% on any chargeable gains accruing on the disposal of assets by Weatherford Parent.

  • A United States shareholder of a controlled foreign corporation may be required to annually report and include in its U.S. taxable income, as ordinary income, its pro rata share of “Subpart F income,” “global intangible low-taxed income” and investments in U.S. property by controlled foreign corporations, whether or not Weatherford Parent makes any distributions to such United States shareholder.

  • Any interest income received by Weatherford Parent is subject to tax at 25%.

  • Following the Effective Date, the Reorganized Debtors intend to continue to operate under Weatherford Parent, which is expected to be an Irish tax resident following the Irish Migration (as defined below).

  • A Non-Irish Holder of New Common Stock that is entitled to an exemption from DWT generally has no liability to Irish income tax on a dividend from Weatherford Parent.

  • Weatherford Parent believes that the terms of the Plan insofar as they relate to Weatherford Parent would not, if mirrored in a scheme of arrangement pursuant to Part 10 of the Companies Act 2014 (Ireland), be unfair or inequitable to any class of shareholders or creditors of Weatherford Parent and would not be unfairly prejudicial to the interests of any interested party.

  • In the event that the only class which will be impaired, the Prepetition Notes Claims creditors (entitled to claim pursuant to guarantees provided by Weatherford Parent), do not vote in favor of the scheme of arrangement it cannot be approved by the High Court of Ireland and will therefore not become effective.

Related to Weatherford Parent

  • Natural parent means a minor's biological or adoptive parent, and includes the minor's noncustodial parent.

  • SAP Parent means SAP SE, a European Company (Societas Europaea, SE) established under the laws of Germany and the European Union, registered with the commercial register of the local court of Mannheim, Germany, under HRB 719915, with registered office in Walldorf, Germany, and business address at Dietmar-Hopp-Allee 16, 69190 Walldorf, Germany.

  • Parent means a "parent corporation," whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • Acquisition Subsidiary shall have the meaning ascribed to it in the preamble hereto.

  • Constellation has the meaning assigned to that term in the Recitals.

  • Subco means 0961994 B.C. Ltd., a company existing under the laws of the Province of British Columbia;

  • lone parent means a person who has no partner and who is responsible for and a member of the same household as a child or young person;

  • Topco has the meaning set forth in the Preamble.

  • Foster parent means an individual who operates a home that has been approved by the Department to provide care for an unrelated child or young adult placed in the home by the Department.

  • New Parent shall have the meaning assigned to such term in the definition of the term “Change in Control”.

  • MergerSub has the meaning set forth in the preamble hereto.

  • Seller Parent has the meaning set forth in the Preamble.

  • Merger Subsidiary has the meaning set forth in the preamble to this Agreement.

  • EG means the Enforcement Guide;

  • In loco parentis means relating to the responsibility to undertake the care and control of another person in the absence of:

  • Birth parent means the child's biological parent and, for purposes of adoptive placement, means

  • WCA means the Workers Compensation Act (British Columbia) and the regulations thereunder.

  • Alliance means the Public Service Alliance of Canada;

  • Acquisition Sub shall have the meaning set forth in the Preamble.

  • Parent Subsidiary means any Subsidiary of Parent.

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Merger Sub has the meaning set forth in the Preamble.

  • Surviving Partnership has the meaning set forth in Section 11.2.B(ii) hereof.

  • Parent Parties means Parent and Merger Sub.

  • GLJ means GLJ Petroleum Consultants Ltd.;

  • Parent Holding Company means any direct or indirect parent entity of Holdings which holds directly or indirectly 100% of the Equity Interest of Holdings and which does not hold Capital Stock in any other Person (except for any other Parent Holding Company).