Examples of New Common Shares in a sentence
The New Common Shares will not be registered on any exchange as of the Effective Date.
Such book entry system will reflect a legend restricting the transferability of the New Common Shares until no longer required by the Reorganized Parent Organizational Documents.
For the avoidance of doubt, New Common Shares shall be distributed pursuant to Article III.B.4(b)(i)(2) solely on account of, and to the extent of, General Unsecured Claims that are Allowed as of the NCS Election Record Date.
The distribution and issuance of the New Common Shares on the Effective Date shall be governed by the terms and conditions set forth in the Plan and by the terms and conditions of the Reorganized Parent Organizational Documents, including without limitation the Stockholders Agreement, the terms and conditions of all of which shall bind each Entity receiving such distribution of New Common Shares.
Although the New Common Shares to be issued under the Plan are being issued pursuant to section 1145 of the Bankruptcy Code, and would otherwise be freely tradeable except as provided by section 1145, the New Common Shares will not be freely tradeable and there will be no market for the New Common Shares.