Examples of Winning Plan Sponsor in a sentence
Class 4.3 Claims (General Unsecured Claims other than Convenience Claims, Mestek Unsecured Claim (if Mestek is the Winning Plan Sponsor), TCE Property Damage Claims arising in connection with the Mejdrech Litigation and TCE PI Claims).
In determining who is the Winning Plan Sponsor, the Debtor shall take into account such factors as it deems appropriate including the costs that would be incurred in connection with amending the Plan, terminating and replacing the Master Services Agreement, the DIP Refinancing, and all other costs associated with implementing any alternate Qualified Alternative Plan Proposal.
For the employee, the excess contributions may be subject to the 6% tax on excess contributions under section 4973.
In connection therewith, on the Effective Date, the Winning Plan Sponsor shall deliver to the Reorganized Debtor the Restructuring Transaction Consideration or Alternative Restructuring Consideration, as applicable.
The certificate of incorporation and by-laws of the Reorganized Debtor will be amended to authorize the issuance of one (1) share of common stock (par value $0.01 per share) to the Winning Plan Sponsor and prohibit the issuance of non-voting equity securities in accordance with the provisions of section 1123(a)(6) of the Bankruptcy Code.
Thereafter, the Winning Plan Sponsor and the Trustee shall comply with the terms of the TCE PI Trust Funding Agreement.
The DIP Facility shall exist and be extended through the Effective Date to the extent that Mestek is the Winning Plan Sponsor.
Notwithstanding the foregoing, if Mestek is not the Winning Plan Sponsor, such Winning Plan Sponsor shall have the right to effect the purchase of Reorganized Met-Coil in the form it deems necessary.
In the event that Mestek is not the Winning Plan Sponsor, Mestek’s Allowed Class 4.2 Claim shall be treated as a Class 4.3 Claim.
Comments on the F distribution: T There are two sets of d.f., rather than 1.