{"component": "clause", "props": {"groups": [{"snippet": "On the Effective Date, the Debtor, Newco, GP, Finance Co and Merger Co shall enter into the Consensual Transaction described in Section 3 of the Implementation Plan attached to the Transaction Support Agreement as Exhibit B. On the later of the Effective Date and the Merger Date, the Debtor and Merger Co will enter into a merger agreement under which the Debtor will merge with Merger Co, and following the merger, the Debtor will be the surviving and successor entity. The actions to implement this Plan and the Implementation Plan may include, in accordance with the consent rights in the Transaction Support Agreement: (a) the execution and delivery of appropriate agreements or other documents of merger, amalgamation, consolidation, restructuring, conversion, disposition, transfer, arrangement, continuance, dissolution, sale, purchase, or liquidation containing terms that are consistent with the terms of the Plan and the Transaction Support Agreement and that satisfy the applicable requirements of applicable law and any other terms to which the applicable Entities may agree; (b) the execution and delivery of appropriate instruments of transfer, assignment, assumption, or delegation of any asset, property, right, liability, debt, or obligation on terms consistent with the terms of the Plan and the Transaction Support Agreement and having other terms for which the applicable parties agree; (c) the filing of appropriate certificates or articles of incorporation, reincorporation, merger, consolidation, conversion, amalgamation, arrangement, continuance, or dissolution pursuant to applicable state or provincial law; (d) the execution and delivery of contracts or agreements, including, without limitation, transition services agreements, employment agreements, or such other agreements as may be deemed reasonably necessary to effectuate the Plan in accordance with the Transaction Support Agreement; and (e) all other actions that the applicable Entities determine to be necessary, including making filings or recordings that may be required by applicable law in connection with the Plan.", "size": 35, "snippet_links": [{"key": "on-the-effective-date", "type": "clause", "offset": [0, 21]}, {"key": "the-debtor", "type": "clause", "offset": [23, 33]}, {"key": "finance-co", "type": "definition", "offset": [46, 56]}, {"key": "merger-co", "type": "definition", "offset": [61, 70]}, {"key": "consensual-transaction", "type": "definition", "offset": [92, 114]}, {"key": "in-section-3", "type": "clause", "offset": [125, 137]}, {"key": "implementation-plan", "type": "definition", "offset": [145, 164]}, {"key": "transaction-support-agreement", "type": "definition", "offset": [181, 210]}, {"key": "merger-date", "type": "definition", "offset": [268, 279]}, {"key": "merger-agreement", "type": "definition", "offset": [324, 340]}, {"key": "debtor-will", "type": "clause", "offset": [357, 368]}, {"key": "following-the-merger", "type": "clause", "offset": [395, 415]}, {"key": "successor-entity", "type": "definition", "offset": [454, 470]}, {"key": "the-actions", "type": "clause", "offset": [472, 483]}, {"key": "this-plan", "type": "definition", "offset": [497, 506]}, {"key": "in-accordance-with", "type": "clause", "offset": [548, 566]}, {"key": "consent-rights", "type": "definition", "offset": [571, 585]}, {"key": "execution-and-delivery", "type": "clause", "offset": [632, 654]}, {"key": "documents-of", "type": "clause", "offset": [690, 702]}, {"key": "terms-of-the-plan", "type": "clause", "offset": [906, 923]}, {"key": "requirements-of-applicable-law", "type": "clause", "offset": [994, 1024]}, {"key": "terms-to", "type": "definition", "offset": [1039, 1047]}, {"key": "applicable-entities", "type": "definition", "offset": [1058, 1077]}, {"key": "instruments-of-transfer", "type": "definition", "offset": [1135, 1158]}, {"key": "terms-consistent", "type": "clause", "offset": [1263, 1279]}, {"key": "terms-for", "type": "definition", "offset": [1362, 1371]}, {"key": "applicable-parties", "type": "definition", "offset": [1382, 1400]}, {"key": "articles-of-incorporation", "type": "definition", "offset": [1454, 1479]}, {"key": "applicable-state", "type": "definition", "offset": [1600, 1616]}, {"key": "provincial-law", "type": "definition", "offset": [1620, 1634]}, {"key": "contracts-or-agreements", "type": "clause", "offset": [1670, 1693]}, {"key": "without-limitation", "type": "clause", "offset": [1706, 1724]}, {"key": "transition-services-agreements", "type": "definition", "offset": [1726, 1756]}, {"key": "employment-agreements", "type": "clause", "offset": [1758, 1779]}, {"key": "other-agreements", "type": "definition", "offset": [1789, 1805]}, {"key": "reasonably-necessary", "type": "clause", "offset": [1823, 1843]}, {"key": "all-other-actions", "type": "clause", "offset": [1929, 1946]}, {"key": "required-by", "type": "definition", "offset": [2054, 2065]}, {"key": "in-connection-with", "type": "clause", "offset": [2081, 2099]}], "samples": [{"hash": "bvJTZk1MkF2", "uri": "/contracts/bvJTZk1MkF2#restructuring-transactions", "label": "Master Transaction Agreement (Quotient LTD)", "score": 34.1416854858, "published": true}, {"hash": "381NFIsssT1", "uri": "/contracts/381NFIsssT1#restructuring-transactions", "label": "Master Transaction Agreement (Bracebridge Capital, LLC)", "score": 34.1416854858, "published": true}, {"hash": "ihRlwxSNUhg", "uri": "/contracts/ihRlwxSNUhg#restructuring-transactions", "label": "Master Transaction Agreement (Whitebox Advisors LLC)", "score": 34.1389465332, "published": true}], "hash": "9394971f8402287627b79c4a4c7f0158", "id": 1}, {"snippet": "Except with the prior written consent of Cetus, the Company and its current and future subsidiaries (including the Subsidiaries) shall prepare and file all Tax Returns consistent with (and, other than as required pursuant to a final determination within the meaning of Section l313(a) of the Code or corresponding provisions of state, local or foreign Law, shall not take a position inconsistent with) the First Lien Debt Contribution Agreement and the following:\n(a) The Exchange shall be treated as a taxable transfer of property consisting of the First Lien Debt to the Company solely in exchange for stock in the Company having an aggregate fuir market value as of the date of the Exchange equal to the amounts paid by Cetus for the First Lien Debt in the recent acquisitions thereof by Cetus pursuant to purchase from unrelated third parties for cash. The First Lien Debt and any stock of Sub I-A and Sub I-B actually or constructively issued in exchange therefor shall be treated as having the same aggregate fair market value for all purposes of the Contribution Agreement.\n(b) As a result of the Second Lien Debt Cancellation, IBP Holdings, LLC shall be treated as having recognized debt cancellation income (\u201cSecond Lien COD\u201d) in an amount equal to the amount of Second Lien Debt less $11,987,498, which was recognized in 2010, all of which Second Lien COD shall be allocated entirely to the members of IBP Holdings, LLC as of immediately before the Second Lien Debt Cancellation.\n(c) As a result of the First Lien Debt Exchange, IBP Holdings, LLC shall be treated as having recognized debt cancellation income pursuant to Section 108(e)(8) of the Code with respect to the First Lien Debt (the \u201cFirst Lien COD\u201d) in an amount equal in the aggregate to the amount by which the adjusted issue price of the First Lien Debt at the time of the First Lien Debt Exchange exceeded the aggregate of all amounts paid by Cetus for the First Lien Debt, which the parties acknowledge and agree is the fair market value of the membership interests in IBP Holdings, LLC issued to Sub I-A and Sub I-B pursuant to the First Lien Debt Exchange. Pursuant to the second sentence of Section 108(e)(8) of the Code and the Restated LLC Agreement, the First Lien Debt COD will be allocated entirely to the members of IBP Holdings, LLC other than Sub I-A and Sub I-B.\n(d) The \u201cclosing of the books\u201d method will be utilized to allocate tax items of IBP Holdings, LLC and IBP Holdings II to periods before and after the Closing.", "size": 9, "snippet_links": [{"key": "consent-of", "type": "clause", "offset": [30, 40]}, {"key": "future-subsidiaries", "type": "clause", "offset": [80, 99]}, {"key": "the-subsidiaries", "type": "clause", "offset": [111, 127]}, {"key": "tax-returns", "type": "definition", "offset": [156, 167]}, {"key": "consistent-with", "type": "definition", "offset": [168, 183]}, {"key": "as-required", "type": "clause", "offset": [201, 212]}, {"key": "pursuant-to-a", "type": "clause", "offset": [213, 226]}, {"key": "final-determination", "type": "clause", "offset": [227, 246]}, {"key": "meaning-of", "type": "clause", "offset": [258, 268]}, {"key": "the-code", "type": "clause", "offset": [288, 296]}, {"key": "provisions-of", "type": "clause", "offset": [314, 327]}, {"key": "foreign-law", "type": "clause", "offset": [344, 355]}, {"key": "debt-contribution", "type": "clause", "offset": [417, 434]}, {"key": "the-exchange", "type": "clause", "offset": [468, 480]}, {"key": "transfer-of-property", "type": "clause", "offset": [511, 531]}, {"key": "to-the-company", "type": "definition", "offset": [566, 580]}, {"key": "in-exchange", "type": "clause", "offset": [588, 599]}, {"key": "date-of", "type": "clause", "offset": [673, 680]}, {"key": "equal-to", "type": "definition", "offset": [694, 702]}, {"key": "recent-acquisitions", "type": "definition", "offset": [760, 779]}, {"key": "unrelated-third-parties", "type": "definition", "offset": [823, 846]}, {"key": "for-cash", "type": "definition", "offset": [847, 855]}, {"key": "sub-i", "type": "definition", "offset": [894, 899]}, {"key": "issued-in", "type": "definition", "offset": [941, 950]}, {"key": "aggregate-fair-market-value", "type": "definition", "offset": [1005, 1032]}, {"key": "the-contribution-agreement", "type": "clause", "offset": [1053, 1079]}, {"key": "debt-cancellation", "type": "clause", "offset": [1116, 1133]}, {"key": "members-of", "type": "clause", "offset": [1401, 1411]}, {"key": "debt-exchange", "type": "clause", "offset": [1524, 1537]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1620, 1639]}, {"key": "with-respect-to", "type": "clause", "offset": [1662, 1677]}, {"key": "in-the-aggregate", "type": "definition", "offset": [1740, 1756]}, {"key": "price-of-the", "type": "clause", "offset": [1799, 1811]}, {"key": "time-of-the", "type": "clause", "offset": [1835, 1846]}, {"key": "acknowledge-and-agree", "type": "clause", "offset": [1967, 1988]}, {"key": "the-membership-interests", "type": "clause", "offset": [2017, 2041]}, {"key": "issued-to", "type": "definition", "offset": [2063, 2072]}, {"key": "pursuant-to-the", "type": "clause", "offset": [2093, 2108]}, {"key": "restated-llc-agreement", "type": "definition", "offset": [2208, 2230]}, {"key": "other-than-sub", "type": "clause", "offset": [2319, 2333]}, {"key": "closing-of-the-books", "type": "clause", "offset": [2360, 2380]}, {"key": "tax-items", "type": "definition", "offset": [2418, 2427]}, {"key": "holdings-ii", "type": "definition", "offset": [2457, 2468]}, {"key": "after-the-closing", "type": "clause", "offset": [2491, 2508]}], "samples": [{"hash": "ky5X9UH55hA", "uri": "/contracts/ky5X9UH55hA#restructuring-transactions", "label": "Recapitalization and Exchange Agreement", "score": 31.3408622742, "published": true}, {"hash": "bRbCfwdX1VA", "uri": "/contracts/bRbCfwdX1VA#restructuring-transactions", "label": "Recapitalization and Exchange Agreement (Installed Building Products, Inc.)", "score": 25.0711841583, "published": true}], "hash": "68e4b100a4b37a5bafea367a8360afad", "id": 4}, {"snippet": "(a) Holdings shall use its reasonable best efforts to take, or cause to be taken, such actions as are necessary so that at the Effective Time: (i) the Group Partnerships shall own, directly or indirectly, all of the Contributed Interests, (ii) upon the completion of the Purchase and Sale, the Purchaser shall contribute all of the Limited Partnership Interests and any assets of the Acquired Partnership distributed to the Purchaser in respect of such Limited Partnership Interests, directly or indirectly, to the Group Partnerships in exchange for a direct or indirect controlling interest and 30% of the outstanding Class A units representing limited partner interests in each of the Group Partnerships (it being understood that no Class A units that are permitted to be issued pursuant to Section 5.9(a)(iv)(C) shall be deemed outstanding for purposes of the foregoing), and (iii) upon the completion of the Purchase and Sale, the structure of the KKR Group shall be consistent with the structure set forth in Exhibit B hereto. The transactions contemplated by this Section 5.4 are sometimes referred to herein as the \u201cRestructuring Transactions\u201d.\n(b) The Restructuring Transactions shall be implemented in a manner that is consistent with the steps set forth in the structure memorandum attached as Exhibit C hereto, except for deviations thereto (including to address a change in law) which would not reasonably be expected to have an adverse impact in more than an insignificant respect on the Seller, the Controlling Partnership or the holders of the Seller Common Units or deviations consented to by the Seller, which consent shall not be unreasonably withheld or delayed. The Controlling Partnership shall consider in good faith any deviations to the steps (or methods of implementing the steps) set forth in Exhibit C requested by the Seller or its representatives, it being understood that the decision of whether or not to implement any such requested deviations or methods shall be in the sole determination of the Controlling Partnership acting in good faith.\n(c) In connection with the Restructuring Transactions, the Seller and KKR Management Holdings Corp. shall not make an election under Section 362(e)(2)(C) of the Code to reduce the tax basis in the Seller Common Units held by holders of Seller Common Units immediately before the Restructuring Transactions unless a majority of the Independent Directors, prior to the US Listing (as defined in the Investment Agreement) consent to such election in their sole discretion. Notwithstanding the foregoing, the Independent Directors shall consult in good faith with the Controlling Partnership about whether to make such an election.\n(d) At or prior to the Effective Time, the Controlling Partnership shall deliver to the Seller a certificate signed by a senior officer on behalf of each of the Controlling Partnership GP and the general partner of Holdings in form and substance reasonably satisfactory to the Seller certifying that each has performed in all material respects all obligations required to be performed by it under Section 5.4, Section 5.5, Section 5.6, Section 5.7 and Section 5.9 during the period from the Satisfaction Date to the Effective Time. The certificate shall be delivered at the offices of \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587, \u2587\u2587 \u2587\u2587\u2587\u2587\u2587 or such other place as the parties may mutually agree.", "size": 12, "snippet_links": [{"key": "reasonable-best-efforts", "type": "clause", "offset": [27, 50]}, {"key": "at-the-effective-time", "type": "clause", "offset": [120, 141]}, {"key": "group-partnerships", "type": "definition", "offset": [151, 169]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [181, 203]}, {"key": "contributed-interests", "type": "definition", "offset": [216, 237]}, {"key": "the-purchase-and-sale", "type": "clause", "offset": [267, 288]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [290, 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The Exchange Offer shall remain open for twenty (20) Business Days (as such term is defined in the Exchange Act) , subject to extension with the prior written consent of the Requisite Supporting Noteholders or as otherwise required by Applicable Law, provided, however, that ION shall have the unilateral right to extend the Exchange Offer one time for up to ten (10) Business Days.\n(b) The Exchange Offer shall provide each holder of Existing Second Lien Notes Claims with the right to exchange each $1,000 of its Existing Second Lien Notes for the following:\n(i) the Exchange Consideration; and\n(ii) payment of all accrued and unpaid interest on the Existing Second Lien Notes through the Closing Date in cash.\n(c) Each holder of Existing Second Lien Notes Claims that validly tenders or exchanges its Existing Second Lien Notes Claims in the Exchange Offer on or before the tenth (10th) Business Day (subject to extension with the prior written consent of the Requisite Supporting Noteholders or as otherwise required by Applicable Law) following the commencement of the Exchange Offer (the \u201cEarly Exchange Deadline\u201d) shall be entitled to the Early Exchange Premium.\n(d) The conversion price of the New Second Lien Convertible Notes shall be $3.00 per share (the \u201cConversion Price\u201d).\n(e) Each holder of Existing Second Lien Notes that elects to exchange Existing Second Lien Notes in the Exchange Offer shall exchange all Existing Second Lien Notes held by it, and shall include in its letter of transmittal in connection with the Exchange Offer a certification that such holder has exchanged all Existing Second Lien Notes held by it. All Existing Second Lien Notes exchanged in connection with the Exchange Offer shall be retired at Closing.\n(f) The Company shall effect the Exchange Offer (i) pursuant to a registration statement filed under the Securities Act (together with any documents incorporated by reference therein and all exhibits thereto, the \u201cExchange Offer Registration Statement\u201d) and the related prospectus (the \u201cExchange Offer Prospectus\u201d) and, together with the Exchange Offer Registration Statement, the letter of transmittal and all amendments and supplements thereto and any documents or information incorporated by reference therein, the \u201cExchange Offer Documents\u201d) and in compliance with the applicable provisions thereof, (ii) in compliance with the applicable provisions of the Securities Act and the Exchange Act (including Rule 10b-5, Section 14(e) and Regulation 14E promulgated thereunder) and (iii) in a manner that is in form and substance reasonably acceptable to the Requisite Supporting Noteholders.\n(g) Simultaneous with the commencement of the Exchange Offer, the Company agrees to seek to obtain consents (the \u201cConsents\u201d) from each holder of Existing Second Lien Notes for the amendment of the Existing Second Lien Notes Indenture so as to eliminate the covenants, defaults, events of defaults and other provisions set forth on Exhibit D. Holders of Existing Second Lien Notes shall be required to provide Consents as a condition to participating in the Exchange Offer. The Company shall not pay any fee or other consideration to the holders of Existing Second Lien Notes in connection with the Consents. Any executed Consents shall become effective only upon the Closing occurring.\n(h) The Company shall, in accordance with Applicable Law and its Organizational Documents, cause the Special Meeting to be held for the purpose of obtaining the following stockholder approvals: (i) the Restructuring Transactions, (ii) an amendment to ION\u2019s Restated Certificate of Incorporation to increase the number of authorized shares, (iii) an amendment to ION\u2019s Third Amended and Restated Long-Term Incentive Plan to increase the number of shares available for issuance as incentive awards thereafter, in an amount no greater than 10% of ION\u2019s Common Stock outstanding after giving effect to the Restructuring Transactions on a fully diluted basis less any shares that vest under ION\u2019s Third Amended and Restated Long-Term Incentive Plan as a result of the Restructuring Transactions and (iv) the Restructuring Transactions required by Rule 312 of the NYSE Listed Company Manual (collectively, the \u201cStockholder Approvals\u201d).\n(i) All holders of Common Stock shall be granted the right to participate in the Rights Offering, which shall be effected pursuant to a registration statement filed under the Securities Act (together with any documents incorporated by reference therein and all exhibits thereto, the \u201cRights Offering Registration Statement,\u201d and together with the Exchange Offer Registration Statement, the \u201cRegistration Statements\u201d) and the related prospectus (the \u201cRights Offering Prospectus,\u201d and together with the Exchange Offer Prospectus, the \u201cProspectuses\u201d). The Rights Offering is expected to yield proceeds of at least $20 million and up to $50 million. The rights may be exercised in exchange for either New Second Lien Convertible Notes or Common Stock. The Company shall use reasonable best efforts to obtain a commitment to backstop the Rights Offering. The form of backstop commitment (the \u201cBackstop Agreement\u201d) may offer a backstop commitment fee in an aggregate amount no more than five (5) percent (%) of the aggregate amount of new money commitments received under the Backstop Commitment, payable in the form of either (i) Common Stock or (ii) New Second Lien Convertible Notes issued at par. The Rights Offering shall be registered with the SEC.\n(j) At the Closing, the Company shall issue the Series A Preferred Stock to the New Second Lien Convertible Notes Indenture Trustee on behalf of the holders of the New Second Lien Convertible Notes.\n(k) At the Closing, the Company shall reserve for issuance an amount of Common Stock sufficient to allow for the exercise of all of the New Second Lien Convertible Notes that are immediately exercisable at the Closing.\n(l) At the Closing, the Company and each Supporting Noteholder shall execute a release agreement in favor of the other (the \u201cRelease\u201d), which release shall be substantially in the form attached hereto as Exhibit E.\n(m) Each of the Restructuring Documents shall be consistent in all respects with, and shall contain, the terms and conditions set forth in this Agreement and shall otherwise be in form and substance reasonably acceptable to the Company and the Requisite Supporting Noteholders.", "size": 6, 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assets and Contracts primarily used in the conduct of the Business as are set forth on Section 2.4(a) of the Disclosure Letter. Notwithstanding anything in Section 2.4(a) of the Disclosure Letter to the contrary, Seller shall cause no less than 80% of the managed care Contracts used in the Business that to [Washington DC #361873 v9] 8 Seller\u2019s Knowledge are in full force and effect to be transferred or assigned to the Company or the Division Entities (or replaced by equivalent Contracts) prior to the Closing.\n(b) Prior to the Closing, Seller shall, and shall cause its Subsidiaries to, consummate the transactions listed in Section 2.4(b) of the Disclosure Letter in order to transfer or convey to Seller or a Subsidiary of Seller (other than the Company or a Division Entity) all of their right, title and interest in and to (i) the equity interests in all Subsidiaries of or other entities owned by the Company and the Division Entities that are not engaged in the conduct of the Business and (ii) such other properties, assets and Contracts that are not used in the conduct of the Business, all of which are set forth in Section 2.4(b) of the Disclosure Letter (collectively, the \"Excluded Assets\").\n(c) The transactions listed in Sections 2.4(a) and 2.4(b) of the Disclosure Letter shall be collectively referred to herein as the \"Restructuring Transactions\" and the agreements to effectuate the Restructuring Transactions shall be referred to herein as the \"Restructuring Agreements.\" Together, the Transition Agreement and the Restructuring Agreements are referred to herein as the \"Ancillary Agreements.\"\n(d) To the extent any property, asset, Contract or Permit that is required to be transferred or conveyed pursuant to the Restructuring Transactions or the transactions contemplated by this Agreement is not assignable or transferable without the consent of any Person other than Seller, Buyer or any of their respective Affiliates, and such consent shall not have been given prior to the Closing, Seller shall have the continuing obligation after the Closing to use its commercially reasonable efforts to endeavor to obtain any such consent and/or to provide Buyer with the benefits of any such property, asset, Contract or Permit. After the Closing, Seller and Buyer shall cooperate with each other in any reasonable arrangement that is designed to (i) relieve Seller of the obligations of any such property, assets, Contracts and Permits that are required to be transferred or conveyed to the Company or the Division Entities pursuant to the Restructuring Transactions or the transactions contemplated by this Agreement and provide Buyer the benefits thereunder and (ii) relieve Buyer of the obligations of any such property, assets, Contracts and Permits that are required to be transferred or conveyed to Seller or a Subsidiary of Seller (other than the Company or the Division Entities) pursuant to the Restructuring Transactions or the transactions contemplated by this Agreement and provide Seller the benefits thereunder. For the avoidance of doubt, the obligations contained in this Section 2.4(d) are additional to Seller\u2019s other obligations hereunder, and nothing in this Section 2.4(d) shall serve to relieve Seller of any other obligation or liability under this Agreement.", "size": 5, "snippet_links": [{"key": "prior-to-the-closing", "type": "clause", "offset": [4, 24]}, {"key": "seller-shall", "type": "clause", "offset": [26, 38]}, {"key": "disclosure-letter", "type": "definition", "offset": [137, 154]}, {"key": "to-transfer", "type": "clause", "offset": [164, 175]}, {"key": "to-the-company", "type": "definition", "offset": [187, 201]}, {"key": "division-entities", "type": "definition", "offset": [209, 226]}, {"key": "all-of-seller", "type": "definition", "offset": [227, 240]}, {"key": "title-and-interest", "type": "clause", "offset": [250, 268]}, {"key": "the-equity-interests", "type": "clause", "offset": [283, 303]}, {"key": "by-seller", "type": "clause", "offset": [334, 343]}, {"key": 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"liability-under-this-agreement", "type": "clause", "offset": [3721, 3751]}], "samples": [{"hash": "e1iTUe8v8j4", "uri": "/contracts/e1iTUe8v8j4#restructuring-transactions", "label": "Stock Purchase Agreement (Healthsouth Corp)", "score": 21.0, "published": true}], "hash": "33705f0a28611e972fa2b7a0ad2c8c41", "id": 9}, {"snippet": "Subject to and in accordance with the respective terms and conditions of this Agreement, effective as of the Initial Delivery Date (as defined in the Underwriting Agreement):\n(a) WH Merger Sub shall merge with and into \u2587\u2587 \u2587\u2587, with \u2587\u2587 \u2587\u2587 surviving such merger as the surviving entity (the \u201cWH Merger\u201d), and each holder of membership interests in \u2587\u2587 \u2587\u2587 immediately prior to the WH Merger shall receive equivalent membership interests in WH Investment such that, following the WH Merger, \u2587\u2587 \u2587\u2587 is a wholly owned subsidiary of WH Investment and each holder of membership interests in \u2587\u2587 \u2587\u2587 immediately prior to the WH Merger is a holder of an equivalent membership interest in WH Investment;\n(b) Simultaneously with the WH Merger, EQ Merger Sub shall merge with and into EQ II, with EQ II surviving such merger as the surviving entity (the \u201cEQ Merger\u201d and together with the WH Merger, the \u201cMergers\u201d), and each holder of membership interests in EQ II immediately prior to the EQ Merger shall receive equivalent membership interests in EQ Investment such that, following the EQ Merger, EQ II is a wholly owned subsidiary of EQ Investment and each holder of membership interests in EQ II immediately prior to the EQ Merger is a holder of an equivalent membership interest in EQ Investment;\n(c) Immediately following the WH Merger, WH Investment shall contribute, assign, transfer and deliver to WH Holdings 100% of the issued and outstanding membership interests in \u2587\u2587 \u2587\u2587 (the \u201cWH Holdings Contribution\u201d) such that, following the WH Holdings Contribution, \u2587\u2587 \u2587\u2587 is a wholly owned subsidiary of WH Holdings;\n(d) Immediately following the EQ Merger, EQ Investment shall contribute, assign, transfer and deliver to EQ Holdings 100% of the issued and outstanding membership interests in EQ II (the \u201cEQ Holdings Contribution\u201d) such that, following the EQ Holdings Contribution, EQ II is a wholly owned subsidiary of EQ Holdings;\n(e) Simultaneously with the EQ Holdings Contribution, NGP XI shall contribute, assign, transfer and deliver to AcqCo. Holdings 100% of the issued and outstanding membership interests in AcqCo. (the \u201cAcqCo. Holdings Contribution\u201d) such that, following the AcqCo. Holdings Contribution, AcqCo. is a wholly owned subsidiary of AcqCo. Holdings;\n(f) Immediately following the WH Holdings Contribution, WH Holdings shall contribute, assign, transfer and deliver to the Company 100% of the issued and outstanding membership interests in \u2587\u2587 \u2587\u2587 and the Company shall issue to WH Holdings 21,200,084 shares of Common Stock in the Company (the \u201cWH Company Contribution\u201d);\n(g) Immediately following the EQ Holdings Contribution, EQ Holdings shall contribute, assign, transfer and deliver to the Company 100% of the issued and outstanding membership interests in EQ II and the Company shall issue to EQ Holdings 38,755,330 shares of Common Stock in the Company (the \u201cEQ Company Contribution\u201d); and\n(h) Immediately following the AcqCo. Holdings Contribution, AcqCo. Holdings shall contribute, assign, transfer and deliver to the Company 100% of the issued and outstanding membership interests in AcqCo. and the Company shall issue to AcqCo. Holdings 2,563,266 shares of Common Stock in the Company (the \u201cAcqCo. Company Contribution\u201d);", "size": 5, "snippet_links": [{"key": "subject-to-and-in-accordance-with", "type": "clause", "offset": [0, 33]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [49, 87]}, {"key": "effective-as-of-the", "type": "clause", "offset": [89, 108]}, {"key": "initial-delivery-date", "type": "definition", "offset": [109, 130]}, {"key": "the-underwriting-agreement", "type": "clause", "offset": [146, 172]}, {"key": "merger-sub", "type": "definition", "offset": [182, 192]}, {"key": "the-surviving-entity", "type": "clause", "offset": [262, 282]}, {"key": "in-\u2587", "type": "clause", "offset": [342, 346]}, {"key": "prior-to-the", "type": "clause", "offset": [363, 375]}, {"key": "following-the", "type": "definition", "offset": [460, 473]}, {"key": "subsidiary-of", "type": "definition", "offset": [509, 522]}, {"key": "a-holder-of-an", "type": "clause", "offset": [624, 638]}, {"key": "simultaneously-with-the", "type": "clause", "offset": [692, 715]}, {"key": "in-eq", "type": "clause", "offset": [937, 942]}, {"key": "deliver-to", "type": "definition", "offset": [1377, 1387]}, {"key": "outstanding-membership-interests", "type": "definition", "offset": [1423, 1455]}, {"key": "holdings-contribution", "type": "definition", "offset": [1474, 1495]}, {"key": "to-the-company", "type": "definition", "offset": [2373, 2387]}, {"key": "the-company-shall", "type": "clause", "offset": [2457, 2474]}, {"key": "issue-to", "type": "clause", "offset": [2475, 2483]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [2507, 2529]}, {"key": "company-contribution", "type": "definition", "offset": [2554, 2574]}], "samples": [{"hash": "1HzIBjeotJS", "uri": "/contracts/1HzIBjeotJS#restructuring-transactions", "label": "Master Contribution Agreement (WildHorse Resource Development Corp)", "score": 27.9158115387, "published": true}], "hash": "d1067aa7bbbbcb26604941d8973a1c21", "id": 10}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiNyZXN0cnVjdHVyaW5nLXRyYW5zYWN0aW9ucyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["underwriting-agreement", "Underwriting Agreement"], ["restructuring-transactions", "Restructuring Transactions"], ["offering-use-of-offering-proceeds-and-post-closing-steps", "Offering; Use of Offering Proceeds and Post-Closing Steps"], ["canadian-restructuring", "Canadian  Restructuring"], ["brazilian-restructuring", "Brazilian  Restructuring"]], "size": 299, "title": "Restructuring Transactions", "parents": [["miscellaneous", "Miscellaneous"], ["means-for-implementation-of-the-plan", "Means for Implementation of the Plan"], ["covenants", "Covenants"], ["restructuring-transactions", "Restructuring Transactions"], ["conditions-precedent", "Conditions Precedent"]], "id": "restructuring-transactions", "related": [["closing-transactions", "Closing Transactions", "Closing Transactions"], ["pre-closing-transactions", "Pre-Closing Transactions", "Pre-Closing Transactions"], ["acquisition-transactions", "Acquisition Transactions", "Acquisition Transactions"], ["recurring-transactions", "Recurring Transactions", "Recurring Transactions"], ["pre-closing-restructuring", "Pre-Closing Restructuring", "Pre-Closing Restructuring"]], "related_snippets": [], "updated": "2026-05-16T05:47:53+00:00", "also_ask": ["What are the essential elements to include for effective restructuring transaction clauses?", "How can parties negotiate protections against adverse restructuring outcomes?", "What are the most common legal pitfalls or fatal flaws in restructuring transaction provisions?", "How do restructuring transaction clauses differ across key jurisdictions or deal types?", "What factors most influence a court\u2019s willingness to enforce or invalidate restructuring transaction terms?"], "drafting_tip": "Specify permitted restructuring actions to prevent disputes, define approval processes to ensure clarity, and set notification requirements to maintain transparency.", "explanation": "The Restructuring Transactions clause defines the terms and procedures governing any significant changes to a company's organizational or financial structure, such as mergers, acquisitions, or asset sales. It typically outlines the conditions under which such transactions can occur, the required approvals, and the obligations of the parties involved, such as providing notice or obtaining consent. This clause serves to protect the interests of all parties by ensuring transparency and predictability during major corporate changes, thereby minimizing disputes and uncertainty."}, "json": true, "cursor": ""}}