New Parent definition

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

New Parent has the meaning set forth in the Recitals.

New Parent has the meaning set forth in the definition of “Redomestication”.

Examples of New Parent in a sentence

• The Company shall cause Company Bank, and Parent shall cause New Parent Bank, to execute such certificates or articles of merger and such other documents and certificates as are necessary to make the Bank Merger effective (“Bank Merger Certificates”) immediately following the Second Step Effective Time.

• No later than the Second Step Effective Time, subject to the terms and conditions of this Agreement, as amended, Parent Bank shall convert from a national banking association into New Parent Bank, a Texas state chartered bank, that will be a member of the Federal Reserve System.

• Immediately following the Second Step Merger, Company Bank will merge with and into New Parent Bank, with New Parent Bank being the surviving entity in the Bank Merger, and following the Bank Merger, the separate corporate existence of Company Bank shall cease.

• At or prior to the Effective Time, New Parent will reserve sufficient authorized but unissued shares of New Parent Common Stock to provide for the issuance of New Parent Common Stock upon the exercise or satisfaction of rights and obligations under outstanding Awards under the Equity Plans.

• In the event of termination of this Agreement, this Agreement shall forthwith become void and have no effect, and neither the Company, New Parent, Merger Sub nor their respective stockholders, directors or officers shall have any liability with respect to such termination or abandonment.

More Definitions of New Parent

New Parent means PetroQuest or any successor thereto, by merger, consolidation, or otherwise, on or after the Effective Date.

New Parent means Investors Group Inc. and include any corporation, partnership, joint venture, or other entity that succeeds to the interest of New Parent by means of a merger, consolidation, or other restructuring. The term "New Parent Affiliate" means the New Parent and any of its "affiliates" as that term is defined in the Exchange Act. Notwithstanding anything contained in this Agreement to the contrary, if Executive's employment is terminated prior to a Second Change in Control and Executive reasonably demonstrates that such termination was at the request of a third party who has indicated an intention or taken steps reasonably calculated to effect a Second Change in Control who effectuates a Second Change in Control, then for all purposes of this Agreement, the date of a Second Change of Control shall mean the date immediately prior to the date of such termination of Executive employment."

New Parent shall have the meaning assigned to such term in Section 10.08.

New Parent has the meaning given to such term in the preamble hereto.

New Parent means SAE Holdings or any successor thereto, by merger, consolidation, or otherwise, on or after the Effective Date.

New Parent shall have the meaning assigned to such term in Schedule 10.21 hereto.

New Parent has the meaning provided in the definition of “Holding Company Merger”.